/biz/ - Business & Finance

>>53592669
yeah being a landlord

>>53592669
Why are landlords so harsh with renters?

>how do I do this
>you can't
>here is how I can do this
Property investors are truly braindead

>>53593154
>find solution in the face of a supposedly insurmountable problem
>braindead
Seethe rentoid

>>53592669
If some boomer nigger did this to me I’d flood his apartment and then “dry” it out before handing over the keys to ensure I’ve completely ruined it with black mold that he won’t detect or be able to tie to me until It’s already too late. I did it at my last apartment and have no qualms doing it again.

>>53592669
Apparently being a landlord

>>53593182
Its not a solution, he will get sued
Laws exist for a reason

>$20k in QLD in 2010 would now be $400k, $20k down payment in 2010 would now be less than $200k in equity
Why should I invest in this illiquid shitcoin again?

>>53592669
Bet they didn't even ask first. Most tenets will leave if you give them time and their security deposit back.

>>53593300
I was recently looking at doing a similar calculation, glad this anon did it for us.

It seems buying a home is only worth it when:

- downpayment % is very high, above 20% even
- super long time frames (when house is paid off it's ~mostly pure profit to continue living there)

>>53592669
>NOOOOOOOOOO
>YOU DONT UNDERSTAND
>PROPERTY OWNERSHIP WAS SUPPOSED TO BE A RISK-FREE WAY OF MAKING BOATLOADS OF MONEY FOR LITTLE EFFORT NOOOOOOOOOOO

Ohohoho, oh no who ever could have foreseen this twist of fate.

>>53593300
>>53593633
It's amazing how few people on /biz/ know that you can pay your mortgage off early

>>53593733
sure if money is no object. Why even calculate the costs of a mortgage in that case. Just buy the house with cash

most people on biz don't have that money

>>53592687
hey guys, sorry this is my rentoid. He bought more funkypops last week and I had to raise his rent again.

Sorry!

>>53593300
rates are back under 6% btw, redo your math :)

>>53593763
If you can't pay a 400k mortgage in 10 years that's your problem. I got a $200k mortgage 1.5 years ago and could pay it off almost entirely off right now, but don't want to because at 2.625% that would be dumb.

I don't understand the bit about the SP500 returning 10% per year anyways. 147 (price in February 1983) times 1.1^40 = 6653, about 50% of the actual SP500. It's closer to 9%, and that relies on the ridiculous and likely unsustainable post-covid crash boom. We're probably going to see another 1970s stagflation in the market this decade. While most housing will go flat as well, areas with scarce/limited housing will continue to keep up with inflation, being that local wages are the primary determinant of rent/housing.

>>53592669
kek could you imagine being the rentcuck here? if my landlard moves in for 8 weeks I'm blasting megadeth at 3am

>>53593272
How? Its a solution
>>53593189
Ur gay
>>53593300
Chinks really are fucking over the market aren't they?

>>53593182
He's clearly clueless though

>>53593300
But this is why the market will crab. You're too poor to quit being a rentoid and I've got no reason to sell lower when im at 2%. So how badly *do* you want to stop being a degenerate rentoid anon?

>>53594334
RE can't pump without BRRRRR or pumping wages, the point, which flew well over your head, is that even in the best decade for SFH ever, a simple conservative portfolio of 2xCudes still curb stomps it, that is, "priced out" is house baggie cope

>>53593633
I bought a few years ago in QLD and the price has doubled. I could sell now for 400k profit and become a rentoid but get fucked Olympics are coming to Brisbane and shit here is still underpriced compared to places like Canberra. You're fucking retarded to not buy a home in Queensland

>'ohh renty we're kicking you out :)'
>'oh sure ill leave just let me pack my things'
>take the whole tuna out of the freezer and put it in the crawlspace

not my problem

>>53593182
>supposedly insurmountable problem
>it's listed in every lease
Based retard

>>53594334
>muttoid enters thread about Australian properties
>starts talking about fixed rate mortgages
Day of the diabetes when

Real estate is a terrible investment.

Where I live even with 2% interest rates rental yields were barely breaking even. Now with 7% interest rates landlords are taking a loss every month while also taking huge capital losses. And now real estate competes with a risk free 5% yield from cash. You'd have to be stupid to own a rental property under these conditions.

>b-b-but I bought years ago when houses were cheaper
Ok but you could still sell now and redeploy the capital into better investments. Any investor with a brain will do this, only retards will baghold all the way to the bottom, that is if they don't get bankrupted by the interest payments and negative equity first.