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The "problem" as a whole is beautification. Capitalism. If not for the nice parks, nice schools, restaurants, job growth, etc, etc.... you don't see a lot of In
by instaheat 7y ago
The "problem" as a whole is beautification. Capitalism. If not for the nice parks, nice schools, restaurants, job growth, etc, etc.... you don't see a lot of Investor activity in areas that are stifled. Atleast not in the form we see today.
My grandmother and mom owned properties in extremely poor areas, I remember visiting properties with each of them as a child. Rent would be something like $300-$400 per month and they could charge this because they owned the property for decades, the loan(s) were paid off.
I --could-- take a similar line with the home I am living in now, my primary residence, and rent it out below market..but why should I? I'm most certainly not a millionaire yet, and missing out on $300 per month that I could/should be saving should a repair come up is not ideal.