Would rather not have their big business money in it, but as someone who owns rental property it's damn good business. The worst case scenario I can fund taxes, mortgage, and keep funds for things like maintenance and vacancy and still break even. So yeah, I'm getting a lowering mortgage balance and holding value with inflation for free. Being that I hate debt and even keep that low in the business, I come out way ahead.
I get the idea the prevailing sentiment among normies is rent for eternity. I guess the media pushes this too as I've seen articles scaring people away from buying. Part of their problem I suppose is they can't buy smart, they will have to have their overpriced trendy metro loft that's full of hidden problems and a ridiculous HOA cost. So yeah, keep renting from me. Just no raging leftists. Not that they would live in my preferred areas to own. I stay away from blue places.
I bought my first house at 23 and it's the #2 reason that not so many years later I'm sitting here talking about aforementioned business ventures among other things. It was a nice house but I was really picky about sticking to my budget and looking for something without a bunch of problems built in. Made about 40% on that house in 5 years the whole time paying less than rent to live there. A small chunk of that profit was the down payment on my first rental house. Of course, I had the elusive actual decent job and didn't owe a bunch of money to some bank for my gender studies degree. Decent job doesn't mean rolling in riches either. While I went to college myself, I wasn't doing any better than what recent a trade school grad would start off with. But yeah I know in the modern world everyone's "passion" is creative writing and they should be able to do whatever they want without sacrificing anything.
Would rather not have their big business money in it, but as someone who owns rental property it's damn good business. The worst case scenario I can fund taxes, mortgage, and keep funds for things like maintenance and vacancy and still break even. So yeah, I'm getting a lowering mortgage balance and holding value with inflation for free. Being that I hate debt and even keep that low in the business, I come out way ahead.
I get the idea the prevailing sentiment among normies is rent for eternity. I guess the media pushes this too as I've seen articles scaring people away from buying. Part of their problem I suppose is they can't buy smart, they will have to have their overpriced trendy metro loft that's full of hidden problems and a ridiculous HOA cost. So yeah, keep renting from me. Just no raging leftists. Not that they would live in my preferred areas to own. I stay away from blue places.
I bought my first house at 23 and it's the #2 reason that not so many years later I'm sitting here talking about aforementioned business ventures among other things. It was a nice house but I was really picky about sticking to my budget and looking for something without a bunch of problems built in. Made about 40% on that house in 5 years the whole time paying less than rent to live there. A small chunk of that profit was the down payment on my first rental house. Of course, I had the elusive actual decent job and didn't owe a bunch of money to some bank for my gender studies degree. Decent job doesn't mean rolling in riches either. While I went to college myself, I wasn't doing any better than what recent a trade school grad would start off with. But yeah I know in the modern world everyone's "passion" is creative writing and they should be able to do whatever they want without sacrificing anything.