Property

[Anonymous No.25276466]

Investing in property is a meme

If this guy just left his retirement fund in global markets he’d still be getting a return/income from his investment


Instead he choose to buy a investment property with the fund and now doesn’t even get any income from it and can’t even evict the tenant because of covid


Property investment is a fucking meme

[Anonymous No.25276598]

>>25276466

In the USA you specifically choose whether or not you rent section 8 (public housing for blacks)

Is it different in Britain? I’m assuming he’s British cause he says centre

[Anonymous No.25276649]

>>25276598
Straya

[Anonymous No.25276802]

>>25276598
Pretty sure Centrelink is Australia.

The status on letting people with housing benefits in the UK is currently an ongoing legal debate. In practice though, I think you'll find that most landlords and housing agencies avoid housing benefit claimants by indirect means (i.e. some of ground than being on benefits).

[Anonymous No.25276856]

>>25276466
Get Rekt Cunt.

It’s property speculators like this cunt that have made housing in Australia unaffordable. I hope he loses everything and then gets AIDS.

[Anonymous No.25277067]

>>25276802
I never get why landlords avoid housing benefit claimants. The money is guaranteed to be paid since the tenant has no access to the housing benefit themselves.

I take it they think the tenant will trash the property in some way likely being a low class person.

[Anonymous No.25277295]

>>25277067
It's something to that effect.

The fact that they make the effort and cost of avoiding claimants, despite a guarantee of rent and reducing sharply the number of potential renters that there's a tradeoff that simply makes it not worth it. I'm doubtful its personal gripe against single mothers, but something that, statistically, claimants are more likely to do than private renters.

[Anonymous No.25277375]

i have a small house for rent, my rent is 10% cheaper than average for same location but i dont rent to niggers, families with children or pets, never in 10 years i had a problem with a tenant, just choose piece of mind over profit maximizing

[Anonymous No.25277380]

State backed cucking. I’m no anarchist or government abolitionist, but all governments today are utter shit

[Anonymous No.25277427]

>>25277067
I would imagine those tenants come with in increase risk in trashing the property and causing you monthly out of pocket expenses, plus the property value would appreciate slower or possibly depreciate in these neighborhoods. Just my $.02 but I don’t invest in real estate, I’m 100% crypto and TQQQ.

[Anonymous No.25277508]

>>25277375
If you want peace of mind why are you dealing with tenants of any kind no matter what?

Why not just sell the property and put it into diversified funds and get an income from that instead

[Anonymous No.25277617]

>>25277375
beste

[Anonymous No.25277662]

>>25277375
Knew it was a larp when you claimed to be a landlord that leaves 10% of profit on the table.

[Anonymous No.25277839]

>>25276598
https://www.youtube.com/watch?v=jt_eA5tE8Eo

[Anonymous No.25277903]

>>25277662
in my country if you get a shitty tenant with children you are basically fucked, "MUH CHILDRENS RIGHTS" will make evicting that family a 2 year long process where you wont see a dime, its not leaving profit on the table

[Anonymous No.25277905]

>>25277662
I believe him. My parents rent a house to the same family for 16 years now and they currently pay $1750/month and average rental for a house like that in the area is a little over $2200/month now.

The agents who manage the property for my parents have told them several times they could be getting much more, and that they should up the rent to match the median for the area. My parents refuse to though.

[Anonymous No.25278091]

>>25277903
It’s going more and more towards this in many countries now. I could have invested in property but I can’t be fucked dealing with the human side of it, which with leftism on the rise, you’re going to see more and more power to the renters and less for landlords.

I just invest in the global markets across 1000s of companies, it’s a faceless investment that requires no interactions with people at a personal level, and it’s not something the governments can just cuck, because it’s globalised and diversified.

Think of it like this. If you own a share of 1000 properties all over the world, if in a bunch of countries (say 20%) leftist take over and cuck landlords, you at least still have 800 of your 1000 properties that you own a small share in still paying you dividends. But if you just bought 1 or 5 investment proprieties in the 1 country that cucked landlords, you’re shit out of luck.

That’s why I don’t invest in property and never will.

[Anonymous No.25278410]

>>25276466
he's got some legitimate complaints, but his thinking is all wrong. "for working hard, I get nothing". wrong, for working hard you got money which you CHOSE to invest in a property, and your investment didn't turn out as you planned.

[Anonymous No.25278617]

>>25277508
Hey kid welcome to 4chan. Housing has 2-4x higher free cash flow than a “diversified fund” so its a clear choice for an adult that can’t move into his dad’s basement if the speculation goes wrong

[Anonymous No.25278676]

>>25277905
Your parents are smart
>>25278091
Equities will get rekt by socialist politicians and the only reason you think equities are a free lunch is that interest rates are so low that the PE on stocks are infinity. Stocks in japan peaked in the 80s and never recovered how does your plan account for such outcomes?

[Anonymous No.25278678]

>>25276466
This is probably some neet from aus/pol/. What a based individual. Fuck landlords

[Anonymous No.25278717]

>>25276466
Good, landlords need to get fucked

[Anonymous No.25278724]

>>25277905
My landlord is like this but he likes me a lot. Other rents have gone up but I shovel for him on snow days because he has a bad back and I paint for him to...he pays me for that. I’ve never missed a payment

Sometimes having a good tenant is more important than a little more money. I keep his place in good order and I’m guaranteed money for him

[Anonymous No.25278762]

>>25276466
>Landlord buckles to the corrupt will of the government and refuses to use the legal tools his nation's founders painstakingly ensured he had a right to so that he may fight tyranny when it came, now gets fucked over by globohomo politicians trying to take away everything he owns - SAD! Many such cases

[Anonymous No.25278898]

>renting to a dole bludger
Landlord 101 is to vet your fucking tenants, what a retard.

[Anonymous No.25278944]

>becomes a slumlord
>rents to niggers
>is surprised when he isn't profiting
hmmm

[Anonymous No.25279285]

just break the windows
you will see if he doesnt move away

[Anonymous No.25279614]

>>25277067
section 8 is the difference between a townhouse costing $500k+ in most of maryland vs $17k in baltimore

[Anonymous No.25279800]

>>25278676
This is Michael Saylor's entire argument for what Bitcoin solves. The global elite just want something to store their value without grobby politicians sucking their life-force.

[Anonymous No.25280835]

>>25279285
He's an Ozzy renting to a layabout, which 90% of the time means he's renting to an Abbo. Abbos literally break their own windows on purpose because they like the breeze and can't be bothered to keep opening and closing the window. Breaking his windows wouldn't drive him out.

https://www.youtube.com/watch?v=QPt_x5wvhQU

[Anonymous No.25281403]

>>25280835
Wow that's nasty.

[Anonymous No.25282383]

>>25276466
WTF INVESTMENT PROPERTIES CARRY SOME RISKS???? BROS WHY DIDNT YOU TELL HIM

[Anonymous No.25282685]

Real estate is only an asset if it makes you money and a lot of cases it takes money from you so no, it's a liability

[Anonymous No.25282937]

>>25276466
As with anything it's about timing the market right. Sometimes real estate is a better investment than most other things, sometimes it's not. It's certainly a low risk investment with a near guaranteed return that will out pace inflation.

Me, I bought a house 3 years ago which has appreciated more than 20% since. That's not bad. However, I sold $40,000 worth of stock to make the down payment and that stock would have been worth well over $1MM right now. Would I have held? Who knows.

I can tell you one thing. Buying a house has ensured that I'm not throwing money into a fire every month, which is what renters do. Let's say you pay $2,000/mo. If you're paying $2,000/mo towards your house and have a standard 30 year fixed mortgage, at least SOME of that will always go towards your principal and you are actively investing and the asset is appreciating. Or, you can give $2,000/mo to a landlord who is paying off their mortgage with it while you get nothing.

Despite the opportunity cost that I clearly suffered by pulling funds out of the stock market, I have zero regret about buying a house. I like knowing some of my cost of housing is going to ME.

[Anonymous No.25283441]

Property will be shaky until we see the post COVID, immigration, and employment landscape. However property can be a good investment, one benefit is it’s easier to see the state of the market in any regions, just look at rental costs, average time on market and property prices. Buying some nice serviceable properties in an up and coming area will generally be safer than some other investment S.

[Anonymous No.25283519]

>>25276802
Bump up the price so it’s outside benefits range, which is also why all the benefits houses are dumps.

[Anonymous No.25283611]

>>25282383
This isn’t a risk anyone can foresee. If it was normal times he could evict that retard in a month. But because of communist govt preventing evictions he loses an amount of money he couldn’t have possibly been prepared to lose

[Anonymous No.25283731]

>>25276466
Even Adam Smith, the based father of capitalism, was against landlords.
Fuck em.

[Anonymous No.25283845]

I worked 7 days a week so I could invest in the stock market in 2007 and now I lost it all ?!? This is unfair !!

[Anonymous No.25284373]

property is indeed a meme and I am selling my houses here in bong to go more into crypto. They are good for some people but if you have even the barest understanding of crypto and other investments you're probably better off avoiding rentals.

They worked for me because I am quite handy and could do all the renovations/repairs.

[Anonymous No.25284570]

Landlord here
Literally dont rent to anyone that cant get their parents to cosign.
>renting to blacks or food stamp people
>renting to someone without anyone else to hold accountable
>not doing background checks and google searches on names
>renting a room out to anyone over 30
Recipes for fucking disaster.

[Anonymous No.25284620]

>>25282937
Thats a pretty silly way to look at it. If your house isnt far away from others, why would you take a -500k over monthly payments that you could easily pay off with ease and not have the trouble of dealing with your own property. If you live in some suburb, youre retarded to buy vs rent, youre just a city dwelling idiot anyway

[Anonymous No.25284654]

>>25276466
I'm actually on the landlord's side here, his tenant sounds like a total scumbag. I would be making his life as miserable as possible if I were the landlord in that situation.

[Anonymous No.25284690]

>>25284570
Here in Canada if you're on welfare you don't even have the option of not paying rent, it just gets direct deposited to the landlord and you get money for food and stuff

[Anonymous No.25284718]

Property ownership should be limited to personal use. These kikes and developers subsidize their cost of living through their rents that should be illegal

[Anonymous No.25284746]

>>25276856
read an econ 101 book and come back

[Anonymous No.25284815]

>>25284690
Thats cool. But those people are more at risk to do drugs and shit. Long story but my room mate was smoking meth and not paying rent. Got evicted and overdosed the same day

[Anonymous No.25284824]

>>25276466
It's not property investment that's the problem, it's having 100% exposure to the w*stern political establishment.

[Anonymous No.25284876]

>>25284718
no way to check that
only way is progressive tax that increases exponentially with the amount of properties you hold
maybe after that you can try and transition to no rent

[Anonymous No.25284877]

>>25284815
Ya but they'd be doing that anyways. At least here, in an absolute worst case scenario, the cheques still keep coming every month (the place still could get trashed though obviously)

[Anonymous No.25284921]

>>25277905
why lose out on $500+ a month?

[Anonymous No.25284956]

>>25276466
My buddies and I bought some land this spring for $200k and we have a buyer lined up for $650k this week. Just like crypto it’s all about location and moon potential

[Anonymous No.25285012]

>>25276466
based. i told everyone property is a bad idea for the past 2 years. everyone else thought everybody could win forever.
Nope. thats not how it works (((they))) always pull the rug out eventually. Thats how (((they))) maintain power

[Anonymous No.25285049]

>>25277662
My mother’s landlord hasn’t raised her rent in 10 years because she’s the only white renter in the neighborhood. She’s easy to deal with, fixes things on her own and sends him the bill for it later. He doesn’t have to worry about her trashing the place or cycling through evictions of people who refuse to pay

[Anonymous No.25285074]

>>25276598
Section 8 is paid directly to the landlord by the government. You don’t have to chase the deadbeat tenant for that money

[Anonymous No.25285374]

>>25283731
[Citation Needed]

[Anonymous No.25285426]

>>25284718
You clearly typed this without considering how it would bear out.

[Anonymous No.25285440]

>>25284921
A bird in the hand is worth two in the bush.

[Anonymous No.25286096]

>A/C control panel stops working in apartment, probably a dead battery
>call landlord and have them send someone out to fix it
>contractor comes over and replaces the battery and it works now
>made my landlord pay a contractor to come to my unit, buy a battery and then replace it
>A/C works now

[Anonymous No.25286300]

>>25286096
Larp. Everyone knows landlords will never fix shit.