Some people like the flexibility, some may not be in the area long term, some may believe the stock market has better potential. In our free market type society, that is their choice. You can rail against the status quo, but whether you like it or not, it’s the current reality. As shitty as it is.
Agreed, especially in today’s market. It wasn’t the case back when I bought the properties. 15 years ago, it was a renters market. Landlords were under pressure, but cheaper prices and low interest rates made it feasible. My first house that I bought was cheaper per month than the apartment I was renting previously.
There are many European families that I know in Canada that are financially able to buy but choose to rent.
Honestly? I went into it as an investment, from a capital appreciation stand point I have done very well. I’ve mentioned in another post that I basically charge minimum rent (30% below market). When I had kids I thought the properties would provide decent income for the kids so it would supplement what they earn in the long term. But then one of my children ended up with a life long disability. My properties are in a condo/town house community close to many amenities. It’s very possible they may end up living in one of the properties while the other parts for their expenses. If I had wanted to get out I would have done so last year. But as it turns out I may actually need the properties to ensure my kid doesn’t end up as a disabled homeless person. So at the end of the day, I’m not interested in making money off the properties, I just cover expenses. It’s probably who I’ve had the same tenants for 12 years. I literally don’t even remember their names.
And honestly, today I agree with you (although I think there is some merit in a rental system as some people prefer to rent). I haven’t bought a property for 15 years and I see what the younger generation is going through. If I knew then what I know now, I would not have purchased rentals. But at the time the real estate market was much different. Hell there were decent properties for sale for 70k back then.
I just said I knew they were present, I didn’t say I specifically had a problem with them. I personally think that we’re don’t have enough unions. Any time corporations are against something, that usually means it’s good for employees and the environment. (I have no particular opinion on people’s political notions). It’s sad that people here on both ends of the political spectrum can’t voice their opinion without being jumped on. Honestly it’s worse than Reddit.
It’s shit like this. I’m just a normal guy, I have a job, kids, hobbies. I believe in less military spending, national healthcare, social programs, and support for our vulnerable population. I got into real estate because it seemed like a good investment. People on here make it seem like anything that doesn’t fit their idea of “left” or"socialism" just be part of the conservative machine. Jesus, my investment decisions are not politically motivated. I made the mistake of trying to be part of a discussion and ended up with someone telling me I’m garbage and that I should give my investments to the tenants. Lol.
I don’t know, I’m a pretty left leaning person. The vitriolic, almost violent responses to some of my comments is shocking. I knew Lemmygrad was a thing here, along with tankies, honestly it’s off putting to say the least. OP talks about Reddit being an echo chamber. I got news for you. This place is just as bad for lefty type discourse being regurgitated. My experience is that it has been anything but friendly.
Probably a better choice, I just picked the first thing that came up under the news search.
I mean fair, but I’m sure this will be reposted a dozen times
I don’t even get how someone can be anti-foss. I feel like it’s a necessity until a critical mass adopts the platform.
It appears to be hijacked by FOSS fans from what I see.
A marketing exec. That’s who you’re believing. Take two new tires. Your front and rear. Wash one as described and get back to me. I’m a materials engineer, I can absolutely tell you that if there was a treatment that could be applied at the factory that would result in a change to the surface of the tire, it would already be done when that tire left the mold post vulcanizing. I realize the average person won’t have this level of detail, but between my actual background and 30 years of riding the slippery shit on the tire is 100% a mold release compound. You can literally wash it off. You can feel it on your hands. You can actually smell it. Hot rubber designed to stick at surfaces needs a non reactive coating to prevent it from sticking to the mold during the vulcanizing process that cures the rubber that gives the tire it’s properties, otherwise they would be scraping the mold after every press. I’ve actually seen the pieces in action at a Firestone plant. You either don’t ride, or are a very new rider.
Well yes, you’re not wrong, but the mold release also protects the tire from oxygen in the air, extending it’s shelf life. It makes the tire easier to move and ship, as well as mount the first time. The reality is that until something better comes along it’s here to stay. A little preventative effort can save your butt. Literally.
New tires as you now know will have silicon mold release agent on them. It’s really slippery stuff. Worse, it will hang out on the edge of the tire for months until you lean just a little further than usual. Soapy water and a green scotch bright pad will take it off fairly easily.
what community do I join for updates?
I pay for a property management firm to take care of all the problems that come up at the properties. They are the ones who originally found the tenants. The houses are in a different city, I guess I could reach out, but my life is busy enough. It is purely transactional at this point. But after 12 years I am guessing it’s at least acceptable. I do find it interesting the hate that landlords get on this site. I mean I used to rent and never had an issue. But back then renting and owning worked out the same after 30 years if you invested the difference between your rent and monthly house expenses. That sadly isn’t the car any more.