The problem is that RE used to be mostly local. Now its not. Its a commodity just like anything, and has historically pretty good returns. Between investors, VRBOs etc and the fact that NIMBYs have kept building as slow as possible, we are in the worst possible shape.
Housing market
- Thread starter simply1
- Start date
Yes i was just going to talk about all the greed and people buying up everything they can for investment and rental properties. I hope all you people who do this know you are taking away a house from a 1st time home buying family, I hope you sleep well at night knowing you are the cause of many being stuck as permanent renters so you can have a little passive income.
We were talking about this a few weeks ago. The one thing you don’t hear about anymore are time shares. The AirB&Bs have basically killed them off we thought. My MIL has a timeshare. Unused in over 15 years probably
How do you people with investment properties sleep at night knowing you are causing people to become permanent renters? Oh well I guess if you didnt buy it Blackrock amd Vanguard would at this point.
I believe passive income is really good for sleep quality
The last one is the big one.
If we hadn't been building far less than we needed over the last decade+ and there were a lot more units, the properties wouldnt be so desirable for investment either. Fewer units built means home prices rise, which keeps people renting which drives up rent rates which makes more properties have positive rental cashflow.
There will always be some need for renters. A lot of people don't want to own. They'd rather have the flexibility and not have the cost risks of maintenance costs.
Yeah thats why interest rates should have a floor so you can have passive income off corporate debt etc. When the rates go too low this current disaster is what happens.
I'm in real estate personally and just don't feel right about multiple rental properties. Investors play a vital part in the market however it not only drives up purchase price but rent as well. Then when the market hits the fan those rental properties are the first to go to default affecting the values of those in the neighborhood who live there. I don't have a solution to solve it but I'm certainly open to ideas.
Bear Sterns bailout was free market? No sir we dont have true capitalism because the select big banks will get bailed out, the feds most of the time will protect the markets by interest rate manipulation, market makers will get bailed out. Crypto is free market and see what happens, Voyager, Celcius, Terra Luna insolvent, many lost their life savings, now thats a free market and pain was inflicted for reckless behavior.
A lot of people confuse split level and split foyer. Split levels are nice, IMO.
What is your solution? Serious question. Should folks be limited to 1 rental, 2?
The problem is Blackrock. Not Joe Smith that owns 8 SF rental properties in the community where he lives/spends his money.
Probably need to treat those businesses similar to commercial apartment complexes. Not sure what that would entail though. Would it be higher property taxes? Similar building regulations as an apartment complex for single family homes?
I had a rental in Kansas city that was a home I moved out of, they started the healthy home thing where you had to pay a fee a to register your rental and potentially be inspected by the city. If you failed the inspection, then you’d have to bring the house up to code. I think the tenant could also get out of the lease too in that situation. Don’t remember. But doing things like this program could help prevent slum lords fro existing while keeping property values stable/high.
I hate split levels. I have been in many friends houses that have a similar floorplan where the kitchen is 4/5' above the TV room and there is a rail and posts that separate them. So its kind of an open concept but you can't see the TV from the kitchen, and in return the sound bounces out of the TV room and funnels up to the kitchen. I know that's not all splits but I hate that one.
Government subsidies. Good ones. People get to work and people get decent to nice places to live.
