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Comment by kdamken

Yes, we all have bills that need to be paid. But many people (especially those who aren't making great money) continually and stupidly buy stuff they don't need, not even realizing they can't afford it. You make 35k a year? Then you really shouldn't be buying a brand new iPhone with a large data plan, or a new car with monthly payments that eat away at your already limited income. Or maybe instead of going out for lunch everyday for work, you should pack something. People love to complain about not having money without taking any responsibility for their spending habits.

Also, if you've read more of his stuff you'd know he worked for a decade before he retired, saving up a significant portion of his income by staying frugal. He didn't just magically have two houses to rent out.

I'm not sure where the insane hatred towards renting out a property is coming from. A lot of the time the landlord doesn't actually make much money off of it. Even if the rent covers their mortgage payment (which it often doesn't), if something serious breaks or needs to be repaired, they're on the hook for that and may end up losing money on it that year.

parent kdamken 11 years ago

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