newshirtonline2040

She just put in a washer dryer unit for a lady who has been renting from her for more than 20 years. My mom loves her and when asked she was happy to do it. The washer dryer unit was 1,200 the plumber was 2,200, the electrician was 800, dealing with the city+permit was 500. End of the day, it was nearly 5 grand to put the thing in. That unit won't break even for years. But they do it knowing that yeah, they'll live with a bit of work until the properties are paid off. This isn't fucking rocket science. When the properties get paid off is when they make their money. And by the fucking way, middle class that you describe isn't middle class in actual life. That's just the reality. If there is no profit motive, no one will build rental housing.If you want affordable housing, let developers build more easily and lower government restrictions in urban areas. BUY THIS SHIRT :  I Swear This Will Be The Last Dog I Will Ever Bring Home And I Am Very Good At Swearing shirt...

My mother owns 12 small rental in the suburbs of Chicago (they are small apts in various buildings around her house). Her income is generally 30-60k per year depending on how much maintenance costs. I wouldn't say she works more than say 4 hours a day dealing with them... often times there are weeks where there is nothing, but then during moving season she works herself to the bone, cleaning and painting.I am a big fan of AOC and most progressive policies, but my mom has been working hard, sweating and risking to build up her little empire, its taken 30 years to get these units and she's still lives a very frugal lifestyle.I think a lot of renters think their landlords take the entirety of their rent check as profit. The reality is the rent covers mortgage and maintenance. They might see a few hundred bucks profit at the end of the month but a year of that profit can get eaten up by one broken appliance or any of 100 things that can go wrong. BUY THIS SHIRT :  As A December...

Even if the majority of rental income goes towards the landlord's mortgage, that's not an expense, that's equity going into the property, which the landlord gets back. It's a bit like saying 'my profit margin is slim because I put most of the profits into my retirement fund'.Well boo hoo, so you have to wait till retirement before you can cash out your passive income. Retirement might not be a luxury your tenants can afford.Are you high? If you have the assets to own "10, 15, 20 units" you are not by any definition middle class or even upper middle class. Your talking even in cheap markets having over a few million dollars in real estate assets. In a lot of markets thats 3-6 million in assets. That is not middle class. At all.I will admit its not buy a sweet lambo and go eat lunch in England and fly on your private jet to eat dinner in France levels of rich. Almost every last ounce of your net worth is tied up in very inflexible hard realestate inves...

Don't blame taxes. We don't have a problem with excessive taxation. If anything we have the opposite problem as evidenced by our revenue. We haven't run at a surplus since clinton (sort of) and it's because every republican president has cut taxes to an unrealistically low amount. I'm with you when it comes to rent control, but I fail to see how anything else you cited is the problem, especially when it comes to housing. This is a simple supply and demand problem. These cities have all the jobs and limited housing. People need to live near where they work in order to take advantage of the job, which increases demand beyond supply. That causes rents and housing prices to soar. What we need to do is increase supply, but because we're dealing with real estate, there's only a limited amount of space where we can do that. BUY THIS SHIRT :  Chiefs Packers Girl Classy Sassy And Bit Smart Assy Chiefs Kansas City Vintage shirt SOURCE :   Halloween t shirt ...

I take great exception to any argument that advocates for deregulation. The law exists to tell the bad man what not to do. And the only reason we even have regulations is because our society has demonstrated that they can't help themselves in these specific situations. Hell, we live in a country where corporations don't even feel obligated to adhere to those regulations because the cost of violating them is less than the cost of complying. Regulation isn't an economic issue. It's a legal issue. If it increases overhead to follow the law then so fucking be it. I don't want to live in an apartment that's liable to burn down because the building owner can't be bothered to hire a competent electrician. That's fucking nonsense. I don't want to go back to a world where acid rain is a serious concern, and I think we can all agree on that. Finally, taxes are ridiculously low. BUY THIS SHIRT :  Hatred Can’t Weaken City Of Steel shirt SOURCE ;  Hallowee...

Spending is out of control because of bipartisan consensus. Let's be 100% clear about this. Republicans love spending just as much as democrats do. The only difference is democrats are honest about it and republicans don't have the balls to tell you that they can't cut spending. What we should do is scale back military spending, but good fucking luck making that happen in a republican controlled government.As far as high minimum wage is concerned, I'm unclear about how you think this will fuck everything up. Things are plenty fucked up right now and we have a very low minimum wage. Honestly, it should be somewhere around $30 an hour and we're sitting here quibbling over whether $15 is too much. What's more is the only places that are even considering that high of a minimum wage have outrageous costs of living already. BUY THIS SHIRT :  Denver Broncos The Rolling Stones shirt SOURCE :  Halloween t shirt

I agree that housing should be a right for all people but where the question becomes more complex is over the location of that housing.In a Canadian example people often cite the crazy home prices in Toronto and Vancouver but nobody ever mentions there are dirt cheap properties all over rural Canada that people refuse to consider these options. They would rather be poor in a mega city than actually set roots in a smaller townI've worked in property management and with real estate investors. The vast, vast majority of rental properties are owned by the middle class. And, you may think your rent is high, but trust me the profit margin is slim. The homeowner has way more expenses than renters realise.retirement. They aren't rolling in cash. And, the ones who own 10, 15, 20 units have to either take care of them fulltime, hire a staff and pay them, or hire a management team. They take all the risk, do all the upkeep, and put in the hours to grow their portfolio. She has no right ...