3 ms·
> There is very little left over as positive income. Maybe 10% if you are lucky, which makes up a little for the huge headaches. Let's not forget that you, whe
by monkeydreams 6y ago
> There is very little left over as positive income. Maybe 10% if you are lucky, which makes up a little for the huge headaches.
Let's not forget that you, when you are using the rent to pay off mortgage, you are building capital - even if 90% of the rent is allocated to costs already.
> Once you start eviction you are stuck paying someone else's mortgage.
Your mortgage. But go on...
> Some renters go from house to house just paying a deposit and first month's rent then sitting on the house for as long as possible. If you try to be nice to them and give them more time they will bankrupt you.
Some renters are people just trying to get by. They have kids who are traumatised by the constant lack of housing security. They, themselves, may be unable to gather the resources to secure their own future by finding a better job, growing more valuable skills, etc. But I notice you don't raise them as the special case that drives your decision making, only the (more unlikely) case that you lose out.