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That sounds… wildly specific to the US. The game is very different in Germany, where practically no one can afford to buy property in their late twenties, or if
by 9dev 1y ago
That sounds… wildly specific to the US. The game is very different in Germany, where practically no one can afford to buy property in their late twenties, or if they can, it’s not economically sustainable to do so.
Most new apartments are strictly divided into tiers—singles and students in their early twenties with very little money; couples without children (yet), but lots of disposable income; families with one or two children, and a double income; and elderly couples. If you don’t fall into these demographics, you’re bound for a rough time.
- detourdog 1y agoMy market focus is on individuals that want a consistent monthly housing expense. I included the utilities in the rent which includes fiber optic internet. My thinking is a consistent expense for housing helps people starting out with their budgeting.
- autobodie 1y agoIt won't be consistent because you will be raising the rent every chance you get. Trust me.
- detourdog 1y agoMy first tenant which has been here over 3 years started at a discounted rate and is paying 20% less than my last tenant to move in. I have never raised there rent. The first tenant has not experienced a rent increase. These units are available for at will tenancy(no lease). My plan is to raise the rent on turn over rather than nickel and dime the existing tenants.
- autobodie 1y agoThat's what they all say.
- niemandhier 1y agoA noble attitude, check the tax laws. A friend of mine got in trouble in Munich for collecting to little rent. Authorities assumed some form of tax fraud.
- autobodie 1y ago> You'll find out there's not enough room to scoot around your wife's thicc ass > That sounds… wildly specific to the US.
- wil421 1y agoI think 85% of home sales in the US are single family. So split up 15% between town homes and condos. OP is describing a small part of new properties. I assume you’re talking about condos. What OP is talking about is more of what you describe, students, singles, and new families (with or without kids). There’s a lot of active adult 55+ and no kid neighborhoods. I wonder how they compare to what OP describes, I’ve never been in one.
- detourdog 1y agoMy current crop of tenants run the range of early 20s to late 50's and is a mix between couples and singles.