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by earthscienceman 796 days ago
"Just do this in a barn you own not a house I own."

Someday we'll wonder why we thought it was a good idea to make the need for shelter into an investment vehicle. Until then, I hope people use your properties as they see fit.
5 comments
dylan604 796 days ago
There are a lot of people that can afford to rent a house, but would not qualify for a mortgage to buy a house. If houses were not available to rent, there would be plenty of people unable to live in a house.

I'm in a fortunate situation where my landlord is not a slumlord. When things need looking into, it gets taken care of in a timely manner. I do not have any issue with someone choosing to have this as a business.

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BHSPitMonkey 795 days ago
The GP's statement doesn't at all suggest that they're looking at this property as an investment vehicle; The house could be ROI-neutral and its owner would still not like to see it burn down from uninspected, unsafe electrical work.
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akira2501 796 days ago
> the need for shelter into an investment vehicle.

It's likely the shelter will be on this earth longer than I will? We didn't make it that way, it is that way.

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bartvk 795 days ago
That fact alone doesn't make it into an investment vehicle.

There's a set of circumstances that make it so. Low interest rates, being able to use leverage (borrow money, buy a house then rent it out), and higher-than-inflation price increase of houses.

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bartvk 795 days ago
Your rather carefully worked comment is being downvoted already. I agree with you, but I think that here, plenty of people have the dream of early retirement.

Don't get me wrong, I like that dream too. I just have my thoughts about the current housing market, which to me has aspects of an investment market.

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waveBidder 796 days ago
there's nothing wrong with paying someone else to maintain your dwelling and dealing with capital costs. people don't have a problem with the market solutions to the basic right to food, for the most part. The main problem comes with the unearned profit that comes from owning land that benefits from improvements made by others.

tldr: land value tax and less restrictive zoning yesterday

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