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If you save up money and buy a house to rent and your mortgage/interest/tax payment is 1100$ you will be charging 1100$, adding in a % to make sure that any rou
by boredumb 5y ago
If you save up money and buy a house to rent and your mortgage/interest/tax payment is 1100$ you will be charging 1100$, adding in a % to make sure that any routine maintenance and future renovation costs are covered.
If property taxes are raised and my mortgage/interest/tax payment are now 1350$ you will raise rent accordingly unless you are running a charity or expect a roof to repair itself. I don't need a theoretical analysis from a game developer who has to imagine himself as a landlord as I have personally owned rental property before, have known people who have owned rental property and rented property before.
- larsiusprime 5y ago> I don't need a theoretical analysis from a game developer who has to imagine himself as a landlord as I have personally owned rental property before, have known people who have owned rental property and rented property before. Great, because I didn't provide you with a theoretical analysis, I provided you with an empirical analysis that actually looks at the evidence from the real world. Regardless of my credentials or your credentials, I'm not particularly impressed with anyone who cites an N of 1 from their own personal experience and thinks it proves anything in particular.
- carom 5y agoIt is theoretical because the analysis you provided and the the Vox article don't account for zoning in any meaningful way.