Submitted by vgutierrez9 t3_z67gek in pittsburgh
sopabe6197 t1_iy09y9u wrote
Check the school tax rates because you'll get screwed living in Wilkinsburg.
ballsonthewall t1_iy0c9nk wrote
*get screwed investing
vgutierrez9 OP t1_iy0gn9l wrote
Why do ppl get so offended when the mention of investing is brought up ? Correct me if Iām mistaken but our realtor said only about 47% of homes in that area are owner occupied. Do home owners dislike renters ?
mvc594250 t1_iy0odsg wrote
Because people (justifiably) don't like landlords. You think that people in any given area should be happy that someone who already has somewhere to live is coming into an area that they literally don't know anything about (doesn't sound like you've even been there) and buying up property? When there's a so-called property shortage in no small part driven by landlords who have had no interest in performing improvements on their "investments" while they continue to profit on them?
Whether or not you're as good as a landlord can be is immaterial - landlords mostly fucking suck and you're about to be one if you aren't already.
[deleted] t1_iy0pl3r wrote
[removed]
DarkKnyt t1_iy0pqa0 wrote
Some homeowners do not like landlords but it's typically renters. Like the other person said, some landlords are terrible but from my experience as a landlord, some tenants are horrible and downright costly in terms of property damage.
There is a mental leap though when complaining renters themselves can't afford to buy property for whatever reason and thus need rentals to have housing. The price changes according to what the market will bear and renters pay it (again for myriad reasons some of which are really not their fault) even for shitholes which adds to the anger towards landlords.
All that said and having done it, absentee landlords are the worse and paying a property management company 10% to take care of things is almost as bad. We are almost too involved with our property because we really do care but it's generally gone well for us.
PghCurlyGrrl t1_iy1e52t wrote
"whatever reason"
Couldn't possibly have anything to do with the people buying up property at a value and then hoarding it to make money off it at a premium, or the ones flipping them into shiny turds
DarkKnyt t1_iy1gtxu wrote
That's one and I'm not a fan of property hoarders but that's different from making a place that was not available to rent from into something that is. Other reasons might be bad credit, low wages causing an inability to save, needing to support their family with medical/legal issues, property taxes too high due to unjust distribution of resources for schools, a bad financial decision made earlier in life, and being shitty with their own money despite making enough.
PghCurlyGrrl t1_iy1h4fl wrote
Iām not reading all that yr not that important š
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