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Buying a home or renting apartment

G

Guest-5ty5s4

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Link me to a listing in a decent area where you're buying a 100k house with 2bed 1bath.
I don't think I will, because I don't want to hear your condescension when no matter what I show you it's never a "decent" area.
Some people want caviar even if they can only afford ramen ;)
If you live in California, there ya go.
 
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D

Deleted50669

Guest
I don't think I will, because I don't want to hear your condescension when no matter what I show you it's never a "decent" area.
Some people want caviar even if they can only afford ramen ;)
If you live in California, there ya go.
Sounds like you're dancing around simply not being able to do it. I'm a logical creature, if I saw something that cheap with the level of quality I described, I'd certainly jump on it. I don't live in California on accident, unlike all the broke people flocking from here to Texas ;)
 

Onakosa

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How about buying for the cash flow?
Do you mean buying and renting out so you have a cashflow from the tenants? It was very popular here a few years ago. Everyone seemed to be a wannabe 'property magnate', and I have done it on a small scale with my old apartment. I'm not a fan personally on the basis that the laws here are very very weighted in favour of the tenant. Basically, if you get a bad tenant or if they just stop paying rent it's really hard to get them out. obviously, this may not be the case elsewhere.

For me personally it comes back to the 'control' aspect of money. If I'm investing I want to have an element of control, or at least feel like I have it! There are too many variables with property.
 
G

Guest-5ty5s4

Guest
Sounds like you're dancing around simply not being able to do it. I'm a logical creature, if I saw something that cheap with the level of quality I described, I'd certainly jump on it. I don't live in California on accident, unlike all the broke people flocking from here to Texas ;)
hahaha how did I know automatically that you lived in California... so predictable.

Look buddy, throw a dart at a map of the United States and in the majority of cases, you'll hit an area where houses are more affordable than the tax farm you live in now.

Decent homes, all in the $100,000 range:




Then if you go up to $300,000, wow you can get a brand new house that's really nice!


^ beautiful house in a great area for $300k, basically brand new

Unlike paying $1 million in Cali for a tiny cottage :)

I mean honestly, this house would barely scrape $100,000 in my area and it's listed at a million!!
This house is old, needs to be remodeled, and it's tiny!
$1 million California house that needs work:
 
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D

Deleted50669

Guest
hahaha how did I know automatically that you lived in California... so predictable.

Look buddy, throw a dart at a map of the United States and in the majority of cases, you'll hit an area where houses are more affordable than the tax farm you live in now.

If your budget is really so low as to need a home in the $100k range, here are some options (but I know you will poo-poo them as not a "decent" area)

Decent homes, all in the $100,000 range:




Then if you go up to $300,000, wow you can get a brand new house that's really nice!


^ beautiful house in a great area for $300k, basically brand new

Unlike paying $1 million in Cali for a tiny cottage :)

I mean honestly, this house would barely scrape $100,000 in my area and it's listed at a million!!
This house is old, needs to be remodeled, and it's tiny!
$1 million California shack that's falling apart:
I think you're confused. Someone else said they have a 100k house with 2 bed and 1 bath, and I assumed it was a meth den because of the price. I live in a condo on the beach. How did you know automatically that I live here? Because I told you. It would be a cold day in hell before I live in Norman, Oklahoma, or any part of Texas.
 
G

Guest-5ty5s4

Guest
I think you're confused. Someone else said they have a 100k house with 2 bed and 1 bath, and I assumed it was a meth den because of the price. I live in a condo on the beach. How did you know automatically that I live here? Because I told you. It would be a cold day in hell before I live in Norman, Oklahoma, or any part of Texas.
California was my first guess.

People from California are the ones online who always balk at the idea of a house that costs less than $300k being "livable."

Also commonly referring to any area that isn't a major metropolitan area as being crappy.

I can show you listings for $100k 2 bed / 1 bath as well, but I can see already you're not going to let your brain accept the new information.
 
D

Deleted50669

Guest
California was my first guess.

People from California are the ones online who always balk at the idea of a house that costs less than $300k being "livable."

Also commonly referring to any area that isn't a major metropolitan area as being crappy.
Im not from California, I'm from a shitty town in upstate NY. I had to work hard to make it here. I don't think most people should live in California, mostly because of COL. I haven't lived in OK or TX, but I have lived in FL, and know enough about the south to be confident in my assessment.
 
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WJK

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Do you mean buying and renting out so you have a cashflow from the tenants? It was very popular here a few years ago. Everyone seemed to be a wannabe 'property magnate', and I have done it on a small scale with my old apartment. I'm not a fan personally on the basis that the laws here are very very weighted in favour of the tenant. Basically, if you get a bad tenant or if they just stop paying rent it's really hard to get them out. obviously, this may not be the case elsewhere.

For me personally it comes back to the 'control' aspect of money. If I'm investing I want to have an element of control, or at least feel like I have it! There are too many variables with property.
So, what's your alternative?
 

Onakosa

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Onakosa

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Well, you don't like real estate. What are you going to do as an investor?
I don't think I said that I didn't like real estate. My response was that - in response to the OP's question - I wouldn't buy somewhere here in the UK which is where I live just because I didn't want to rent. That's not the same thing!

In general, to answer your question, I would avoid residential rental properties as an investment. As I said in my earlier post there are, for me, way too many variables and the law here is stacked against landlords. This may well be different in other countries in which case it's less of an issue.

I would however look at land as an investment.

I also quite like crypto and art but some way off being in a position to explore that one properly yet. Maybe next year :)
 

DoingDeals

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I predict they're going to have some sort of government program to cover the rent for tenants & pay the landlords through our taxes further driving the economy into socialism.
 

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