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A) I don't know where your part of the world is, but this is an article about the US market on a US website. You might live somewhere with entirely government s
by chefandy 2y ago
A) I don't know where your part of the world is, but this is an article about the US market on a US website. You might live somewhere with entirely government subsidized housing and it would have no bearing whatsoever on the realities of this market. Even within the US, market's where landlords don't have the leverage to price gouge aren't a problem. People who want to price gouge who don't have the leverage to price gouge are never a problem until they get it.
B) Landlords always throw their hands up and say "but the expenses!" but they never have the receipts handy. Are there missed expenses? Of course. But the chance of there being enough missed expenses to change the nature of this conversation is pretty much nil. If there's no actual evidence– and there never is– assuming it exists would be ridiculous.
C) In the markets where this is the biggest concern, 2 and 3 bedroom apartments yield upwards of 5k per month. You could include a free leased Porsche for each tenant and not touch 50% expenses.
D) Paying your mortgage, beyond the interest, is not an expense. It's your money. You get the equity.
- asdefghyk 2y agoRE "...I don't know where your part of the world is, but this is an article about the US market on a US website....." Article does not say that. After several paragraphs it could be implied with mention of LLC ? There is also examples given of Venia . So I would not say exclusively about US at all. And I just say , lots people claiming its good money , quite profitable, so we can look forward to lots new investors that are attracted to this profitability.... but it does not seem to happen. Why?
- chefandy 2y ago> Article does not say that. After several paragraphs it could be implied with mention of LLC ? There is also examples given of Venia . So I would not say exclusively about US at all. Don't be obtuse. They're obviously speaking about the US legal system, some of the comments listed signed with US locations, and if you look at the article two entries down in their blog that refers to "the housing market," they only cite US statistics. > And I just say , lots people claiming its good money , quite profitable, so we can look forward to lots new investors that are attracted to this profitability.... but it does not seem to happen. Why? What in the world are you talking about? Real estate is one of the most, if not the most popular long-term investments in the United States? If nobody invested in real estate when why is the market so tight? Do you even think about this critically for a moment before you type it out? And once again, ZERO evidence of these so-called expenses. I'm not even talking about receipts, I'm just asking for examples for regular expenses large enough to change the nature of this debate. Of course, they don't exist. You are either willfully ignorant, genuinely ignorant, or lying.