There are very few jobs that actually give annual raises that keep up with inflation. You are no better than corporations that raise the price of food for no reason, other than following an arbitrary market metric(inflation) You should give your tenants 3 months free rent for Christmas, and give them the option to buy the properties from you for what you bought them for, and get a real job.
What part of 25% below market makes you compare him to the food oligopoly? He likes trouble-free tenants, and I’m pretty sure his tenants like this arrangement too. By contast, you come off as very tiresome. Do you have any skin in the game? What are you doing to help make housing affordable? Do you do anything besides exemplify why having revolutionaries in charge would be terrifying?
What part about 25% below market makes them a hero, while they are actively hoarding properties keeping prospective buyers out of the market, raising prices to keep up with “inflation” on a commodity necessary for survival IS the exact same thing the food oligopolies are doing. And wtf are you on about having skin in the game? I pay $1700 a month in a rent controlled apartment and have no hope of buying a actual property in the market i live in without having to move hours away from work. I would love to hear what you think i should be doing to help make affordable housing, cause if its within my means, ill do it.
I charge that same amount for my rental that is two blocks from the beach. 1600sft with a garage. The unit next to me just sold for 1.4 million. I highly doubt I’m contributing to the problem.
I also offer my tenants the option to buy the properties they live in but the property will be owner financed with the condition that it is appraised at time of “sale” and second sale gain is split with equity position. Again I’m only looking to make 7% return on my investment inflation adjusted. If they want out and they bought, I get the upside on market rate (with whatever equity position I hold). But the tenant at least keep whatever equity they grew and they get upside on their equity position.
None of my tenants have taken the deal. I think it’s more than fair.
There are very few jobs that actually give annual raises that keep up with inflation. You are no better than corporations that raise the price of food for no reason, other than following an arbitrary market metric(inflation) You should give your tenants 3 months free rent for Christmas, and give them the option to buy the properties from you for what you bought them for, and get a real job.
What part of 25% below market makes you compare him to the food oligopoly? He likes trouble-free tenants, and I’m pretty sure his tenants like this arrangement too. By contast, you come off as very tiresome. Do you have any skin in the game? What are you doing to help make housing affordable? Do you do anything besides exemplify why having revolutionaries in charge would be terrifying?
What part about 25% below market makes them a hero, while they are actively hoarding properties keeping prospective buyers out of the market, raising prices to keep up with “inflation” on a commodity necessary for survival IS the exact same thing the food oligopolies are doing. And wtf are you on about having skin in the game? I pay $1700 a month in a rent controlled apartment and have no hope of buying a actual property in the market i live in without having to move hours away from work. I would love to hear what you think i should be doing to help make affordable housing, cause if its within my means, ill do it.
I charge that same amount for my rental that is two blocks from the beach. 1600sft with a garage. The unit next to me just sold for 1.4 million. I highly doubt I’m contributing to the problem.
I also offer my tenants the option to buy the properties they live in but the property will be owner financed with the condition that it is appraised at time of “sale” and second sale gain is split with equity position. Again I’m only looking to make 7% return on my investment inflation adjusted. If they want out and they bought, I get the upside on market rate (with whatever equity position I hold). But the tenant at least keep whatever equity they grew and they get upside on their equity position.
None of my tenants have taken the deal. I think it’s more than fair.