I agree wholeheartedly, Doc. Society should be built around having a small class of landed gentry and property speculators using fictitious capital to extract rent from the propertyless masses, because a system like that could never collapse.I keep trying to convert my liquid holdings into magical real estate where I just pull money out of nowhere like zeph taught me.
So I took $20,000 and I bought $100,000 property. There were $4,000 worth of closing costs and survey etc.
So now I'm $24,000 dollars into this thing.
Rental rate in this area for that house is $900 bucks.
After mortgage servicing, and 8% vacancy, and 5% capital expenditures, and property taxes, and insurance, And another 5% for repairs, And even ignoring the 10% for property management (is that work@Zeph????) Because I'm doing it myself but maybe I should still put it in because it's work being done? I find that I have $120 a month left over.
$24,000 in to result in to gain $120 a month.
What service is provided to a person renting? They don't worry about the roof, the foundation, nothing. A simple phone call solves all problems for a known and fixed budgetable quantity. It is the removal of risk being paid for a few percent over the actual ownership cost.
What is the exit plan for a property such as this? You have a known penalty of 6%, the moment you want to exit it. If you own this property, the known gain above is eaten to zero if you exit the property inside of 5.5 years. The renter simply gives 30 days notice and moves on. The renter is paying for flexibility as well.
This is how "natural resources" work apparently.
One day I hope me and you can take a nice little trip up the river in your yacht to my countryside concentrat...uh, summer camp, where we can agree about this some more.
Namaste
D
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2/3 of households in both the United States and Australia are owner occupied.
The landed Gentry is the majority.
But hey let's become Romania with greater than 90% homeowners. And some of the highest wealth inequality in the entire EU.
Let's say we did, but we didn't.
As long as you break even long enough to pay off the initial cost of the property, you come out a winner.I keep trying to convert my liquid holdings into magical real estate where I just pull money out of nowhere like zeph taught me.
So I took $20,000 and I bought $100,000 property. There were $4,000 worth of closing costs and survey etc.
So now I'm $24,000 dollars into this thing.
Rental rate in this area for that house is $900 bucks.
After mortgage servicing, and 8% vacancy, and 5% capital expenditures, and property taxes, and insurance, And another 5% for repairs, And even ignoring the 10% for property management (is that work
$24,000 in to result in to gain $120 a month.
What service is provided to a person renting? They don't worry about the roof, the foundation, nothing. A simple phone call solves all problems for a known and fixed budgetable quantity. It is the removal of risk being paid for a few percent over the actual ownership cost.
What is the exit plan for a property such as this? You have a known penalty of 6%, the moment you want to exit it. If you own this property, the known gain above is eaten to zero if you exit the property inside of 5.5 years. The renter simply gives 30 days notice and moves on. The renter is paying for flexibility as well.
This is how "natural resources" work apparently.
All this, and to top it off you have to worry about losing your head?I keep trying to convert my liquid holdings into magical real estate where I just pull money out of nowhere like zeph taught me.
So I took $20,000 and I bought $100,000 property. There were $4,000 worth of closing costs and survey etc.
So now I'm $24,000 dollars into this thing.
Rental rate in this area for that house is $900 bucks.
After mortgage servicing, and 8% vacancy, and 5% capital expenditures, and property taxes, and insurance, And another 5% for repairs, And even ignoring the 10% for property management (is that work
$24,000 in to result in to gain $120 a month.
What service is provided to a person renting? They don't worry about the roof, the foundation, nothing. A simple phone call solves all problems for a known and fixed budgetable quantity. It is the removal of risk being paid for a few percent over the actual ownership cost.
What is the exit plan for a property such as this? You have a known penalty of 6%, the moment you want to exit it. If you own this property, the known gain above is eaten to zero if you exit the property inside of 5.5 years. The renter simply gives 30 days notice and moves on. The renter is paying for flexibility as well.
This is how "natural resources" work apparently.
F'all that noise
Connecticut man accused of beheading landlord with samurai sword after rent dispute
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Just got to hold it together for 30 years! That's all. What could go wrong?!?! No risk. Just magic money!
If only there was some way that I could minimize my risk through different phases of my life to allow me flexibility for job and education mobility instead of being locked to a large asset that penalizes me 6% each time I get rid of it, thereby accelerating my personal earnings at a rate higher than the few percent I would get by holding said large fixed asset that locks me in place. I sure wish there was some sort of system that allowed me access to a nicer property for less money than I could normally afford that property, thus giving me a higher standard of living at many phases of my life until I was ready to lock myself into a single position for at least 5.5 years.
If only such a system of using and leaving assets temporarily in exchange for flexibility and decreased risk existed I would find such mobility had its own value...dare I say someone providing such access would be providing such value.
Sick from the smell of their own breath. Gross.
I get his is low payed workers making this complaint, and maybe they should be payed more... but you dont hear doctors, nurses, trades people or numerous other folk complaining who have been wearing masks for most of their careers.
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The "landlords do nothing" crowd are almost entirely people that live in high cost of living areas and refuse to consider ever moving to anywhere else that would allow them rapid ownership. There I said it. Change my mind.
Usually because those high cost of living areas are areas of opportunity. Areas of rapid ownership are more likely to be for those who are established, no?
Areas that have high cost of living is usually areas of high employment and/or educational opportunities.
Areas of rapid ownership are those that require a skill or financial security to participate in.
I'm picking up some sarcasm here
8 Ways the U.S. Should “Reset” the Coronavirus Response — Eat This Not That
As the number of coronavirus infections in the United States continues to climb past 4.5...
www.eatthis.com
I've even heard you could catch it by using your AC. You see that retard pepper spray a couple for eating at a park for not wearing masks?
View: https://www.youtube.com/watch?v=h-C4BMHA1Vg
Look, any political argument I make basically comes down to 'how can I appropriate Splinty's yacht and get away with it legally?' The purpose of getting rid of the landed gentry is to become the landed gentry.
Namaste
This is the vile scum that pretend to be "Journalists"...
Also, lay off the Romanians. If this is what wealth inequality produces, then I'm not sure I want a more equal society
(Disclaimer: I am a latent homosexual and this is a poorly disguised attempt to pretend I am interested in Romanian women or any other women for that matter).
do you know why he's the only one to get it? he was around so many people, and nobody else caught it...
RIP Herman Cain.This is the vile scum that pretend to be "Journalists"...
And she might be quite a bit on the nose, but she ain't that far off.
Of course everyone who went there is responsible for himself / herself in this case, since it was a known risk beforehand. Doesn't mean Trump shouldn't be conscious about it or feel like having some sort of responsibility.
Especially since Trump downplaying it or outright saying it was a hoax can influence his fans and put their risk perception off big time.
Now you prolly gonna say it ain't clear he got it there... Sure, you guys don't care as much about tracing back the occurences AFAIK, but think about it clearly. Fact is, Cain got the virus. He either got it there, or beforehand - in which case he could have spread it there easily running around without a mask, or maybe afterwards. But the timeline kinda fits. In any case holding the rally like this was a bad idea, even Trump should know it.
I mean now he is trying to say voting is dangerous in these times, but holding such a rally isn't? Yeah sure.
Didn't a couple of his campaign staff peepz test positive couple days after that rally as well?
Just accept your cult leader fucked up here.
And lol at
@Zeph rustling all those jimmies.
I don't think he fully believes what he wrote there. It doesn't make a lot of sense.
We have a mixture of privately-owned, company-owned, and non-profit cooperatives-owned housing. Usually the non-profit ones are comparatively cheaper in rent and take better care of their properties.
But there is a case for all of them.
The most problematic ones are the very large corporations listed on the stock exchange that pay big dividends but try to fuck over the tenants by constantly raising prices, cutting back the service, and even fraudulent behavior as to please the share holders.
Its kinda proven it has not lead to better housing or a better market for tenants.
Because of that, in Berlin an other cities we currently have a "rental price break" in place.
This of course hits every landlord and is not without its problems either.
@Zeph rustling all those jimmies.I don't think he fully believes what he wrote there. It doesn't make a lot of sense.
We have a mixture of privately-owned, company-owned, and non-profit cooperatives-owned housing. Usually the non-profit ones are comparatively cheaper in rent and take better care of their properties.
But there is a case for all of them.
The most problematic ones are the very large corporations listed on the stock exchange that pay big dividends but try to fuck over the tenants by constantly raising prices, cutting back the service, and even fraudulent behavior as to please the share holders.
Its kinda proven it has not lead to better housing or a better market for tenants.
Because of that, in Berlin an other cities we currently have a "rental price break" in place.
This of course hits every landlord and is not without its problems either.