4 ms·
Landlords don't get it either. I'm a landlord and most of that money goes to the banks and property taxes. I might see profits in 10-20 years if I'm lucky but e
by anxman 8y ago
Landlords don't get it either. I'm a landlord and most of that money goes to the banks and property taxes. I might see profits in 10-20 years if I'm lucky but even that's a gamble.
- conanbatt 8y agoI would've been ready to disagree with you 2 months ago, until I looked at the SF budget and saw they spend 2600U$S per household every month. Landlords cant be getting too much of that: but they do get a piece, particularly old time landlords.
- refurb 8y agoThe landlords making money hand over fist are the ones that bought long ago AND had the tenants turn over (reset rent control). Right now it’s cheaper to rent a place than buy in SF (rent to home price ratio is almost 1:30 where 1:15 means it’s equal). Most landlords are betting on property appreciation, but even that isn’t guaranteed if you have tenants as they lower the value of the home.