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Joined 1 year ago
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Cake day: July 19th, 2023

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  • sharkaccident@lemmy.worldtomemes@lemmy.worldThe system is broken
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    10 months ago

    On 25 years, you pay a fifth of the building price for it. And that is not accounting for the equity that the house gains over the years like we’ve seen during covid.

    So does every other home owner. That benefit is not for just landlords.

    I don’t understand the hatred for the risk return of being a landlord. Let’s assume you can double your money in the stock market every 7 years.

    Compare real estate and stock ownership for 20k (100k house). In the market, 20k becomes 40k in 7 and 80k in 14, 160k in 21, and so on. That’s 215 total over 25 years. As long as appreciation is close to 3% it’s almost a wash after 25 years. The difference is as a landlord you have the risk of capital expenses requiring you to hold cash and the value of your time to run a rental.


  • sharkaccident@lemmy.worldtoMemes@lemmy.mlRent is Robbery
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    11 months ago

    Everyone paints landlords as money grubbing evil people. I own a couple rental houses and set prices so that my return is 7% annually. While that may paint me as the description above realize this; that price was set when I set a tenant and only increases with inflation. The majority of my units are 25% below market rates because once I have a good tenant I don’t see a reason to make more work for me. 7% return and I never hear from them is worth it in my mind.


  • Houston resident, lots of strong opinions on this.

    First, this happened because schools have been underperforming for some time. The line in sand was crossed and the state decided to step in. Secondly, from my understanding with radio interviews and other online sources, they repurpose the library to redirect students who cause distractions in class. If you disrupt in the classroom, you join an isolated zoom session from the old library.

    I’m not suggesting this approach will work, just letting everyone know the thought process.