/biz/ - Business & Finance

>you must spend 70% of your income on rent or buy a cheap house in the woods
why are americans so dramatic? You know you can buy apartments, right? In most of the world, the middle class live in apartments they own

>thinking of getting into real estate
>everyone recommends biggerpockets
>check some random thread there
>bunch of people who don't know the difference between their/there/they're and your/you're
>turn 360 degrees and walk away
I'm not a grammar nazi, english is my second language and I make mistakes too, but your/you're is so basic that it pisses me off. I can't take anyone who does that serious.

>>18171455
>>18171459
>>18171472
>Anon asks when
>Responds with what

my sister is building a house, and a hospital started construction nearvy a few weeks later
my sister's house jumped up in value despite not even being finished yet
under a land value tax, whould't the tax go up so that my sister couldn't afford her own house? Her dream, custom house that she hired engineers and architects to build? Would she be forced to sell because she can't afford the tax anymore, even though when she choose the lot and started building it was affordable and made perfect sense? How would shit like this ever be considered fair?
Houses are durable, they usualy last about 50 years or even more with maintenance. When people build houses they want security. Nobody is gonna build housing if the land value tax can double or triple only 2 years after you built your house and be forced to sell
Georgism is terribly unfair and thankfuly it's never gonna happen

>>17922733
back in his time, landlords where royalty who owned the only the land under your house, and you had to pay rent no matter what happened to the property - they literaly did nothing useful.
It's not like today where landlords own both the land AND the property, and have to mantain the property to attract tenants

Also rent is not the same thing as rent-seeking
rent is what you pay for using a property, there's nothing evil going on here
rent-seeking is when you bribe the government to prevent new construction so your own properties rise in value. In this case it's not landlords who are rent-seekers, but NIMBY homeowners

Anyone else find amusing these real estate guys on youtube who got lucky to buy at the bottom in 2010 and now think they're geniuses? They always preach "the power of leverage" too, as if that wasn't incredibly risky. Can't wait for prices to drop so they lose everything. I wonder if they'll make a video about it or just stop posting on youtube althogether haha