you literally get free thousands of dollars from tenants just for living, and you poccasioanlly have to pay for any repairs or damages that happen depending on whether your tenants (that you screen) are good or are c**ts
Rent seeking behavior is based, what is better than being a land lord?
Because I can't afford a house in a popular area to rent out.
You could always buy marijuana seeds and magic mushroom spores and opium seeds online, grow them, and sell the fruits to people willing to buy them and keep doing it for a couple of months or a few years and then purchase a home to rent out without needing a mortgage,.
it feels like you came up with some ideas that you didnt think through in detail
do you know how much fricking hassle it is to farm opium, how much land you need to do it profitably, land that is always hidden from authorities, you would have to compete with countries in the middle east where they have gigantic fields of poppies and very cheap labor
if you grow weed you would have to compete with either your local legal or illegal market
neither of which are easy
weed and shrooms are not impossible but it will definitly be a lot of work, lots of networking to be specific and it wont make you rich
I had also daydreamed about such things when i was about 16
Typical boomer side hustle. Go back to bizgriftertwitter.
literally start selling drugs first like weed and shrooms and opium
why would u "invest" into more work? just buy stocks and crypto and then do nothing
because then i'd have to deal with renters, ew no thanks
Is man-made shelter really a human need? Caves exist and nomadic tribes sleep under the stars in open grasslands.
>(that you screen)
I’m the perfect renter on paper and I’ll still pour my grease down your drain, not my problem
what a moronic meme. if no one could make profit off basic human needs everyone would die within weeks because no one would bother maintain or build water mains, gas pipes etc. What you think companies provide that stuff in your pipes out of their good heart?
Companies are faceless entities so dealing with them is mentally processed as something that's feels futile to fight against, like a force of nature. And whenever companies do attach faces, they make sure those faces are rich and powerful. You wouldn't want to fight big dick bossman and his team of lawyers just like men of old would not want smoke with Odin and the Valkyries.
Your mom and pop landlord on the other hand has a name and a face, and is small and local. Seems like the perfect opponent to test swinging your dick against (even though a rational person would know otherwise).
If I would outright buy one I would. But paying for a mortgage while being a landlord seems like a hassle
Don't do condos/anything with an HOA. HOA can pass a law that limits the number of rentals, and then you're screwed.
Just about nothing cash flows right now, unless you're buying in risky nog-infested areas.
Broke Zoomers can find a USDA-eligible property, buy for 0% down, live in the place for a year or two, then rent it out.
thats a really moronic image. If you wanted to show a difference between goods and services you could have used any number of services not just retail and fast food. Services include doctors and accountants, lawyers, advertisers, Netflix, you name it.
yes there's a difference between goods and services but this pic ain't it.
the image is bait, anon
This picture is moronic.
Humans have a basic need for food.
Are farmers evil exploiters now too?
>b-b-but farmers don't rent out food
So?
Rent exists because people need access to products and services for either small periods of time and they can't or are unwilling to pay for the entire product up front to use it.
Imagine if it was impossible to rent out tools and industrial equipment.
Need to grind your concrete floor?
Too fricking bad, you have to pay $5000 for a concrete grinder homosexual!
I think the problem is rooted in temporal illiteracy that makes smart financial choices counter intuitive. A lot of people don't realize when they should buy or rent and will err on the side of renting to save up front, only to live and die without ever leaving their hometown.
there are better income investments that dont involve dealing with tenants. Not to mention the government will issue multi year rent moratoriums over the common cold, if you do it in USA
At current prices and interest rates the rent won't even cover the mortgage, so you'll lose money every month topping it up. And prices are so overvalued you're as likely to make capital losses as capital gains.
Compare to bitcoin which just goes up forever and you don't need to deal with tenants, hiring tradies to fix stuff, paying taxes and insurance, etc.
I plan on never buying a house and just buying real estate while living in a cheap apartment with roommates.
Anyone who cries about landlords is a poorgay and a loser. Landlording is one of the LEAST profitable forms of investment with some of the BIGGEST risk and if you're crying because u can't afford a down payment then you should probably be homeless for a little while instead of expecting lower rent.
If you don't like dealing with renters then you need a great tenant. That means your property must have some "x factor ".
My place is in the country and completely private. I bought it cheap because it was a shithole and spent 60k renovating. When i advertised it for rent i had over 100 enquiries in 2 days. It was easy to choose a great tenant, and now i can relax and enjoy passive income.
The Universal Declaration of Human Rights is the 76 year-old benchmark against which our society is failing.
We've leveraged human greed to speed-run technological advances, but at what cost, anon?
At what cost?