Think of renting as "housing as a service". Ha. Except for one problem, landlords. Most are not good people. Would rather be my own landlord.
Most are business oriented people. I never met anyone particulary not nice.
The Rise of Renting in the U.S
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Re: The Rise of Renting in the U.S
#12Think of renting as "housing as a service". Ha. Except for one problem, landlords. Most are not good people. Would rather be my own landlord.
idk, I'd give most the benefit of the doubt that they are "good people", but may not necessarily show that side to you the tenant for a variety of reasons, such as fear and greed, especially when they are dealing with an asset that represents a large portion of their net worth. Good people can behave poorly.
Also you never talk to your landlord for good things. It's almost entirely for bad things like late rent, etc.
Re: The Rise of Renting in the U.S
#13Why are mortgage debtors referred to as home owners?
Edit: I was being a bit facetious.
With liar loans, no down payment mortgages, deferred interest, "prices only go up," etc, it's been too easy to sell home "ownership" to people without their requisite understanding of the risks involved and the constantly changing market realities.
I'm all for personal responsibility but the use of language is powerful.
Re: The Rise of Renting in the U.S
#14I don't think I'd have any interest in every buying a house if it weren't for the insane tax deductions for mortgage interest. Why be stuck in one house when your living situation changes over time (new kids, kids get bigger, kids move away, job changes).
Exactly. There are taxes to worry about which can change over time and how would i know where i want to live in even a few years?
If i would by a property then to rent it out to tourists so it pays for itself plus extra.
Re: The Rise of Renting in the U.S
#15I don't think I'd have any interest in every buying a house if it weren't for the insane tax deductions for mortgage interest. Why be stuck in one house when your living situation changes over time (new kids, kids get bigger, kids move away, job changes).
Not having your rent increase or being told to move, as are being able to make your home exactly what you need. My home has a 15x15' home gym with all kinds of upgrades I like.. finding a ready made house with my exact ideal gym? Low odds....
Re: The Rise of Renting in the U.S
#16As a side effect of historically cheap money, house prices have risen so high that entire younger generations are locked out of home ownership in quite a few areas.
There are a few outliers but in general it's good jobs, affordable housing, pick one.
Re: The Rise of Renting in the U.S
#17Why are mortgage debtors referred to as home owners? Edit: I was being a bit facetious. With liar loans, no down payment mortgages, deferred interest, "prices only go up," etc, it's been too easy to sell home "ownership" to people without their requisite understanding of the risks involved and the constantly changing market realities. I'm all for personal responsibility but the use of language is powerful.
Why are people getting closer to death every day called living instead of dying?
Re: The Rise of Renting in the U.S
#18Think of renting as "housing as a service". Ha. Except for one problem, landlords. Most are not good people. Would rather be my own landlord.
I don't own, but if I did I'd love a "landlord as a service" where I could just call or email someone about a problem and have them fix it.
Plenty of handymen out there, I suspect you could find one who would be happy to take care of anything. Don't really need an app for it, just call a few and ask around..
Re: The Rise of Renting in the U.S
#19Why are mortgage debtors referred to as home owners? Edit: I was being a bit facetious. With liar loans, no down payment mortgages, deferred interest, "prices only go up," etc, it's been too easy to sell home "ownership" to people without their requisite understanding of the risks involved and the constantly changing market realities. I'm all for personal responsibility but the use of language is powerful.
Because the (home) mortgage debt is a liability assumed against a home that the debtor owns (either to fund purchase of the home or afterwards), and therefore being a home owner is a necessary (but not sufficient, as one can own a home free and clear of mortgage debt) condition to being a (home) mortgage debtor.
Re: The Rise of Renting in the U.S
#20http://www.nytimes.com/interactive/2014/upshot/buy-rent-calc...
I love it, but it doesn't include the rent being raised every year like clockwork. Right now it's $1500, next year $1575 etc