The real estate sales guys like to tout houses as investments, but they really aren't.
You don't know what you're talking about. I've been in real estate for almost 40 years and I currently own 38 rental units, 34 of which are single family homes. Every one of them is an investment, and every one of them provides me with a significant monthly income. I've bought and sold another 20 or so properties. All but 3 netted us a significant profit.
Even our own home has more than tripled in value in the last 25 years.
I totally agree with you Tony. The only way you'll find what you're looking for is to find a "real" house that was built in the 1950s. Real brick, real hardwood,etc. That's why we've rented as long as we have, we can't find that perfect mid-century house we dream of owning. As soon as the perfect one comes up for sale,it's bought immediately. We refuse to buy a cookie cutter piece of junk.
I appreciate people like you. It's people like you that have given my wife and I the ability to retire early, buy a condo on the ocean in Orange Beach, and enjoy a steady income stream. People like you also allowed us to pay for our current home in cash.
Thank you!
I don't appreciate people like you. It's people like you waltzing around flaunting how they've been buying up all the houses with any semblance of attainability so that they can either flip them (aka adding a bunch of cheap useless crap to make them seem more appealing) for double the amount it was, or so they can rent (usually pronounced 'scam') people out of more money they don't really have so they can "retire early, buy a condo on the ocean in Orange Beach, and enjoy a steady income stream." Either way, by buying one more house for either purpose, it takes away someone else's dream of owning a home and actually being able to afford it. More and more houses are being bought by fewer and fewer owners. Yet we wonder why housing is so expensive. They aren't commodities, they're literal necessities. Commodities like (most) motor oil are sold at many retailers. This keeps the price down. But when it's a need, like electricity (usually monopolized in most areas) it's usually regulated to prevent price gouging. So why is housing different? We regulate where, how, and why, in fine detail, how houses are built. Why are they not regulated to prevent people like Fawteen from buying homes
for a living?
I get it, it's called capitalism. I agree, capitalism is the best system. But there should be a point where the flip/rent game gets regulated. But it won't. It'll just keep driving prices higher and higher to the point where nobody will care anymore (look at our homeless population) and go without. That's when recession hits and the market bursts. I bet these are the same landlords that cry foul when their "investment" values plummet. That's when they either sell off properties or sell their own property because they can no longer afford it. All because the page with the word modesty is always ripped out of their dictionary. I have zero sympathy either way. Shouldn't have owned that many in the first place... Oops, I'm rambling/ranting.
Bottom line, it's flaunting wealth in people's face, and quite frankly, it's disgusting and I have zero respect for your type. I'm not "offended" and I certainly am not calling to get the mod police in here. I'm no fan of censorship. Just stating my point of view (and most likely all of your tenants' point of view as well).
and stated a very popular opinion regarding that word, please delete it instead of locking the thread. 8 pages indicates it's clearly a topic that should be discussed further.
