The house I had been renting out in Houston was INSIDE THE LOOP, thank you. Sold it a few months ago. The other is in CS. Being a landlord might not be easy, but @Os Trigonum is being SUPER dramatic about it, lol. If you get into it and are not prepared for bad tenants, you don't belong in the game. The regular income is meh, but the tax benefits are beautiful. Ultimately, putting a restriction on rental properties owned helps most people. In a democracy you'd expect the will of the people to get something like that done. But not in America where half the middle class has been brainwashed into protecting the rich. Better to keep others down and pretend like you belong at the big boys table I guess.
I think there is something intrinsic with American culture that believes "I got mine, **** you". It's like the baseline value of most Americans. I think that is the end state of "rugged individualism" that we as Americans are so proud of. For a country that prides itself so much in patriotic virtue we really have no sense of community or "doing our part to help the community" like many European nations. You see this especially with the whole anti-mask fanaticism.
It's a bad look. It's killing us. And I'm guilty of it too - I don't want others to get a free education when I had to pay. I also don't think overpriced colleges deserve a free pass to keep their rates up. But it sure would help a lot of people out of crippling debt.
Forgiving college loans won't solve anything much except win votes with millennials who are more than likely able to pay it off They should just allow that kind of debt be restructured under bankruptcy and move on.
if two skinny kids cant eat burgers b/c investors and speculators bought them all and are holding onto them then that is a problem. if the hamburger costs $5, but investors and speculators bought them all up so now hamburgers cost $10 then thats a problem. here in austin there are lots of factors causing crazy price increases and one of them is definitely investors coming in and gobbling up all the available homes. and it causes a snowball effect as the people who cant find houses turn to renting and that drives up rental prices as well. there are several homebuilders who stopped selling to investors b/c they didnt want their neighborhoods turning into rental communities.
I know the people who are turning them into rental communities They are called Californians But you know that too Making money knows no boundaries or political affiliation or religion It’s the real thing that unites us
the californians who are buying houses to actually live in is one thing...but were talking about investors who are turning them into rental properties. those are not all californians doing that. and i get it - real estate in austin is a great investment...but its a major problem for people who actually want to buy property so they can live in it...they are getting priced out by people who are just trying to make easy money. i know thats the american way and its really got nothing to do with "fairness" - its just capitalism at work. but that doensnt mean its not a problem and i do think at some point something is going to need to be done to address it.
You act like buying a house and renting it out isn't a business. That you should just magically profit if you can afford one. To think you have to actually put in work... too many lazy & entitled people with capital out there I guess. If the system blocked me and everyone else from owning excess rentals, I could probably get a 2nd vacation house at a reasonable cost instead.
‘Generation frozen out’: New Zealand house prices soar despite government reform https://www.theguardian.com/world/2...d-house-prices-soar-despite-government-reform
Tmac is selling his mansion in Sugarland Comes with an indoor full court No depth perception issues like Toyota center @Os Trigonum
660k for a house in NZ. Damn, those billionaires went to work on their apocalypse/covid hobbit houses.
Never thought I'd be posting a Breitbart article but here we go... GOP Bill Would Allow President to Ban Foreign Land Purchases in U.S. for 5 Years The bill also calls for the EB-5 visa system, which allows foreign nationals to obtain green cards if they invest in specific business ventures, to be made “more stringent.” The proposed moratorium hammers the Chinese Communist Party (CCP), and notes that Chinese Nationals have reportedly led foreign investments in U.S. homes “for the past seven years.” “The Chinese Communist Party is attempting to buy land in the United States, with an emphasis on farmland to gain strategic leverage over the United States,” the bill continues. “Foreign companies and individuals have purchased 1.7 million acres of agricultural land in Texas over the past decade, which is more than in any other State. The purchases are worth approximately $3.3 billion.” A particularly noteworthy example is Chinese billionaire and CCP member Sun Guangxin, who planned to build a wind farm on the 140,000 acres he purchased on the border of Mexico near Laughlin Air Force Base. The operation would have likely tapped into the state’s electricity grid, and Texas lawmakers blocked the project over hacking fears. https://www.breitbart.com/politics/...president-ban-foreign-land-purchases-5-years/
wait just quit your job and be homeless and you can live in Finland for Free @Os Trigonum or make Elon pay for it, because that's what lazy leeches do
America's Largest Landlord Just Got Even Bigger: Blackstone Buys 12,000 Sunbelt Apartments For $5.8 Billion link
Why does every super corrupt company start with Black. I want company name equality...give me a Whiterock or a Whitestone every so often....even the playing field...
