[thisgoesnowhere]

Same reason as in real life over time everyone will be a renter.

We subsidize landlords and as a result they have effectively unlimited capital to throw at additional properties meaning the price perpetually goes up and they have more assets to loan against to buy more properties.

Then we allow them to take a depreciation value off their taxes on a asset that is appreciating in value.

It's truly insane.

[unstatusthequo]

As a “land pauper,” I disagree. I have renters in Seattle and lose $1k a month because HOA and property taxes. I get zero tax breaks on the loss. Nothing. I’d kick them out and sell, but apparently Seattle is still recovering from COVID. Who knows. It was a bad investment and I learned a lot. That education was expensive. Not all landlords do well.

[thisgoesnowhere]

Then sell?

I don't cry about the money I lost investing in startups I just keep investing. Why are you crying about the money you are losing like you are supposed to be absolutely guaranteed to make money?

The reason you aren't selling is because you are lying or you believe the government should bail you out of your bad decisions.

[mindslight]

Are you claiming you're having a loss based on the cash outflow that is going towards paying down the mortgage principle? Because otherwise property taxes, HOA protection money, mortgage interest, and the rest of your expenses are all deductible. If you had an actual loss on your schedule E, you'd be getting a tax break from subtracting (not just deducting) that loss from the rest of your income. So if my suspicion is correct, you are not actually "losing $1k a month" but rather that $1k plus your profit is essentially going into a non-optional savings account.

[rpearl]

you are simultaneously complaining about your loss, doing nothing to stop it, and postulating either that you cannot sell(?) or that continuing to seek rent will ultimately be a net profit for you.

I'm not sure what you want to hear.

[hn_version_0023]

Hear, hear!