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FortWayne
2017 Mar 5, 8:39am
Plus I feel better about myself, I don't feel that it is morally right to buy houses to rent them out, rather leave that housing to families who want to buy and live there.
You need to rethink your morals. A third of the population would be homeless. Students would not be able to attend college. Young people would find it impossible to start families. Society would sink in the chaos.
It was just fine before Democrats decided to create all kinds of legislation that keeps development low to inflate housing. Turning land owners into kings. Today I don't feel that it is morally right to buy SFR when there are so many families who have to compete with investors for this. Less demand = lower prices. Plus I get to make really good money on the stock market from time to time investing into future of America.
I know it's not for everyone, it's just my views. I have nothing against people who are buying properties to rent.
Patrick
2017 Mar 5, 10:04am
The satisfaction of owning your own home has a lot of value.
The satisfaction of owning large amounts of appreciating stock is also pretty nice.
Patrick
2017 Mar 5, 10:08am
If you can rent a 1m apartment for 3k a month then why would you even consider buying it?
Bingo
The satisfaction of owning large amounts of appreciating stock is also pretty nice.
Watching your investment account explode and having immediate access to the funds - amazing.
Personally I would take the cash out and invest in houses in markets that have the highest ROI.
The highest rents are in places where the appreciation is rates are the lowest. I would go with the appreciation.
Good for you, I'll take cash flow and ROI. I don't even look at appreciation in my calculations. If it appreciates then great. If not then who cares? The money comes in every month.
Definitely not worth buying as an investment, but it's a whole different formula when you will be living in your own home. The satisfaction of owning your own home has a lot of value.
Not to me. A house is a big wooden box that keeps out the rain. I've owned 8 to live in so far plus rentals. If the numbers run I buy, if they don't I rent. I'm currently an owner. I was a renter the last 4 places I lived.
It was just fine before Democrats decided to create all kinds of legislation that keeps development low to inflate housing.
Which legislation is that specifically?
SFace
2017 Mar 7, 8:09pm
"And if you just held through that time, you'd have been fine:"
The problem is, Homeowners owns all the stocks too.
FortWayne
2017 Mar 7, 8:23pm
It was just fine before Democrats decided to create all kinds of legislation that keeps development low to inflate housing.
Which legislation is that specifically?
Housing regulation and zoning laws that prohibit density building, causing shortage of housing supply in many areas.
SFace
2017 Mar 7, 8:26pm
"It was just fine before Democrats decided to create all kinds of legislation that keeps development low to inflate housing. Which legislation is that specifically?Housing regulation and zoning laws that prohibit density building, causing shortage of housing supply in many areas."
Lawmakers are all old geezers that also owns home and their circle of friends own home. From that perspective, it does not matter what party affiliation it is. No one wants a big ass apartment complex near your hood.
AdamCarollaFan
2017 Apr 5, 11:52am
buy a 200sf tiny house and put it in the backyard.
then rent your house out.
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I bought the house for $1M in 2009 in san mateo county. Now it is worth $1.75M. If I rent out the house I will get around $ 1,000 per month after all house related expenses (mortgage, property taxes etc). I am thinking I should move into a smaller apartment and save money over the next five years or so, to eventually have enough for making downpayment on a smaller town home. I will then stay in the smaller town home and continue renting out the original house.
I figure this will build wealth quickly as the rent money will pay for mortgage, property tax, etc while allowing me to accumulate an extra $1000 per month.
any thoughts suggestions.
#housing