Berkeley CSUA MOTD:Entry 52641
Berkeley CSUA MOTD
2022/05/27 [General] UID:1000 Activity:popular

2009/2/26-3/5 [Reference/RealEstate] UID:52641 Activity:kinda low
        \_ I use to be boat person, now I own boat.  -John Vu
        \_ you call now, make money in real estare wit no money down, i come
           here make money wit no money down, look at these women!
        \_ Nice thing about being a landlord is that some schmuck pays
           the mortgage for you whether the property is going up or down in
           value and after 15-30 years you own it free and clear, whatever
           it ends up being worth.
           \_ I hope you have a gun for when the mob zeros in on you.
                \_ I used to subscribe to this kind of wishful thinking too...
                   but look around.  What would have to happen before angry
                   mobs actually revolt against landlords?  Additionally, there
                   is nothing unethical about renting out real estate.  It's
                   just money management.  Time to grow up, kids.
                   \_ For your first question: food shortages, fuel rationing,
                      rolling brown/blackouts on a regular basis (not just
                      your occasional hot summer), runs on multiple banks,
                      and a significantly greater lack of law enforcement
                      and/or National Guard. In short, not a chance. It's
                      why there's not even a dozen miles between Harlem
                      and the highrise luxury apartments yet said luxury
                      apartments don't ever get burned down.
              \_ The nice thing about renting is that someone else takes care
                 of mantience, I can move whenever I want, and someone else
                 takes the risk.  It's not like there aren't ups and downs to
                 both sides.
                 \_ True. Most of the advantages to renting have to do with
                    mobility, but there are others. For instance, you might
                    be able to rent in a nicer neighborhood than you can
                    buy in which could lead to perks like better schools.
                    However, in terms of accumulating wealth and in other
                    ways, too, (for instance political) the system is skewed
                    towards landowners.
2022/05/27 [General] UID:1000 Activity:popular

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