this post was submitted on 01 Apr 2024
171 points (82.0% liked)
Asklemmy
43896 readers
892 users here now
A loosely moderated place to ask open-ended questions
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
That is incorrect. I can tell you’ve never rented to people rent is set by the market. Supply and demand.
It doesn’t matter if the house cost 800k. If the market rent is 2k a month. That’s all you’ll get.
In the area where I had my rentals, the houses are 500k but the rent is only 1k. Now I bought in 2008 and only paid 120k. So only lost some money but I made it up in tax benefits.
People really don’t understand the economics of landlords. They think it’s all money in the pocket. It’s not. It’s a very thin profit margin with most the benefit being taxes.
I can tell at a glance you're really bad at math. 🤦♂️
I am very good at math but thanks for the worthless reply.
Maybe you should just give up
Ah the creepy stalker again. Creepy.