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For what it's worth, I would rather beg on the streets and eat out of a dumpster than take on the hassle of being a landlord, but to answer your question in goo
by pavel_lishin 2y ago
For what it's worth, I would rather beg on the streets and eat out of a dumpster than take on the hassle of being a landlord, but to answer your question in good faith:
In this hypothetical scenario, what I'm providing is the actual physical place that's being rented out, having put up the money for a down payment and the monthly mortgage payments, taxes, etc.
- swagasaurus-rex 2y agoThat's nice of you, but you owning the place means that somebody else cannot.
- pavel_lishin 2y agoThat's very true.
- csa 2y ago> That's nice of you, but you owning the place means that somebody else cannot. If this “somebody else” has the capital, then they should build or buy. Obviously there is an issue of lack of purchasable land/units in certain desirable areas, but that’s a zoning issue. That’s not the problem and shouldn’t be the problem of someone who had the foresight to invest their capital many years/decades prior.
- swagasaurus-rex 2y agoYeah I should have bought a house when I was 12 years old in middle school. Still kicking myself for that