Snownel t1_ja8jxcj wrote
Reply to comment by Educational_Paint987 in Who here owns residential and rents it out? thinking of buying a two-family in Rahway as it is getting very cute there. by [deleted]
None of that changes the fact that by doing so and collecting a profit, the tenant is paying you money to do nothing other than happen to have enough liquid capital to outbid them.
Educational_Paint987 t1_ja8q4id wrote
You seem to be living in the wrong country. May I suggest a time machine to the 1930s soviet union? They would assign you a cardboard home depending on how many people are in your family or how big a bribe you give.
They also had rationing for basic foods....
AttitudeFuzzy2938 t1_ja8qlvy wrote
How do you factor risk into your assessment?
Snownel t1_ja8r13v wrote
We're not talking about a business selling widgets capitalizing on an arbitrage opportunity. We're talking about housing, shelter, basic human needs.
It's like asking "how do you factor in the holding risk for water", the question you should be asking is "why the hell is there risk for this to begin with?"
AttitudeFuzzy2938 t1_ja8rfyk wrote
I'm not talking about a business either. There are risks in buying vs renting and I'm curious how you factor that in, because the way you speak is so staunch in the present that you don't seem to factor for the future.
Snownel t1_ja8rnir wrote
Are you implying that landlords act as some kind of insurance?
AttitudeFuzzy2938 t1_ja8t5st wrote
No
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