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Thread: Should I rent or buy my home?

  1. #81
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    Quote Originally Posted by cwd View Post
    You know how to rent a $100K house for $10K profit per year, not counting appreciation? Please enroll me on your newsletter. Thanks!
    The equation you are searching for is “university town + slum lord = x”

  2. #82
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    Quote Originally Posted by skid View Post
    People that can afford to buy a house normally do. Those that can't don't. It's really that simple...

    I used to own a rental 5 plex and a duplex and wouldn't go through that hassle again. Some of my renters were shit heads who damaged the property. I had to almost renovate the entire suite when some of these people moved out.
    But dat appreciation doe.

  3. #83
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    Quote Originally Posted by Strega View Post
    The equation you are searching for is “university town + slum lord = x”
    I think this goes to the point that there is a difference in the math when you are renting to people who could buy if they wanted to (and will demand similar quality of life) vs. people who have no other option but to rent.

    There is not a big market in the former because of reasons.

  4. #84
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    Quote Originally Posted by mikeylikey View Post
    There is not a big market in the former because of reasons.
    Reasons!? lost me....

    Did you mean seasons, or treason?

  5. #85
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    Quote Originally Posted by Strega View Post
    Reasons!? lost me....

    Did you mean seasons, or treason?
    "Reasons" because we've covered them already. Government subsidizes home ownership by making mortgages artificially cheap. Zoning laws chop up cities and towns into Good and Bad neighborhoods. There are social stigmas about renting. There are popular misconceptions about what a great asset a house is. Lots of these factors positively reinforce each other over time too.

    Sorry, is this shit not common knowledge?

  6. #86
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    Quote Originally Posted by mikeylikey View Post
    Zoning laws chop up cities and towns into Good and Bad neighborhoods.
    I was at the in-laws over easter, where one cannot park in the street overnight. I decided not to bring it back up again.

  7. #87
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    Quote Originally Posted by allent View Post
    I was at the in-laws over easter, where one cannot park in the street overnight. I decided not to bring it back up again.
    What you're saying is, they live in the Good part of town?

  8. #88
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    Quote Originally Posted by mikeylikey View Post
    Zoning laws chop up cities and towns into Good and Bad neighborhoods.
    Where "good" means owner-occupied, and "bad" means rental.

    The government market interventions are showered on the "good" neighborhoods, because they vote like crazy. Land values are inflated in "good" neighborhoods, meaning you can't profitably run rentals in them.

    There are neighborhoods that are mixed, but usually because they are in transition -- dying or gentrifying.

  9. #89
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    Quote Originally Posted by mikeylikey View Post
    Sorry, is this shit not common knowledge?

    If you had said previously stated reasons, but not as written it's not common knowledge.

    "There are popular misconceptions about what a great asset a house is. Lots of these factors positively reinforce each other over time too." Here you confuse reasons for assumptions.


    They must be building projects on Coconut Island, you are a bit edgy.


    Quote Originally Posted by cwd View Post
    The government market interventions are showered on the "good" neighborhoods, because they vote like crazy. Land values are inflated in "good" neighborhoods, meaning you can't profitably run rentals in them.
    That's crazy talk there are many good neighborhoods and homes running 350K, 500K and 750K+ that you turn into a rental.
    Last edited by Strega; 04-21-2017 at 10:28 AM.

  10. #90
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    Quote Originally Posted by cwd View Post
    Where "good" means owner-occupied, and "bad" means rental.

    The government market interventions are showered on the "good" neighborhoods, because they vote like crazy. Land values are inflated in "good" neighborhoods, meaning you can't profitably run rentals in them.

    There are neighborhoods that are mixed, but usually because they are in transition -- dying or gentrifying.
    Upkeep gets progressively more involved too. Even basic shit like taking care of the lawn. In nice neighborhoods, people do things like "water" and "fertilize" and "mow". If you are going to do all those things fine, but we're no longer talking about a pure investment, we're talking about a job.

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