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> I was already in the market for investment property I talked about buying a condo with my brother and renting it out but at the end of the day I'm just not c
by 1-more 7y ago
> I was already in the market for investment property
I talked about buying a condo with my brother and renting it out but at the end of the day I'm just not comfortable just taking someone else's income because I happen to have the money on hand to make a down payment. It seems so predatory.
- orky56 7y agoHow is it predatory? The person who is renting likely does not have the ability to purchase and you adding another rental to the market drives rental prices down and provides another rental option (albeit insignificantly) thereby helping said renter.
- 1-more 7y agoAt the end I get a condo and the renter gets nothing, that's just so backwards to me.
- thehappypm 7y agoThey get shelter.
- 1-more 7y agoEven taking as given that they should have to pay for shelter beyond the cost of maintenance, all that could all exist without me getting to skim in the middle.
- bonestamp2 7y agoI hear you, and I've had similar feelings. I certainly don't want to profit from someone's tragedy, but I feel a little better knowing I was already in the market before this virus came along. At the end of the day, somebody is going to rent them a place and I feel like I am one of the better people to do that. From my experience as a tenant, I think I can be a better landlord than someone whose only source of income is other people's rent.