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fskimospy

Elite Member
Mar 10, 2006
87,935
55,288
136
On this we fully agree.

Enough of the simple minded generalizations guys...you want every property to be owned by some bank? You think tenants will be better off? We aren't all slumlords. We work our asses off for our tenants, and for years they got better stuff in this property than we did (because we couldn't afford to say put new flooring in both). My wife and I invested in property because where the fuck else is better to put your money?

It's brutal and there are some truly awful tenants that will steal, break and otherwise make as much trouble as possible. Not many, thankfully, but enough to where it is not fun. Hell it's not fun even *with* good tenants, it's work--if you are not that dick that just lets their properties fall apart and don't do anything about it.

Yep, triggered landlord. All I can say is, we are not rolling in dough, it's a grind and hopefully better than watching all our money drain out of 401ks (which I have from work, but I'm afraid to look at it.) landlords (can be) people too!
Yeah if we aren’t going to have landlords then how exactly are people who can’t afford to buy a house going to afford to live in one?
 

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
I have no idea about current statistics, but for a very long time, the #1 single family landlord was someone who bought a home during the mortgage bs in the early 2000's. Then when the recession hit, they were SUPER upside down and unable to sell - forced to either foreclose or rent it out when losing a job and having to move.

I said earlier, I'm generally against govt regulation, but multi family needs some. And we need to outlaw corps from owning single family.
You may want to bring all this up with the GOP as they wrote the tax policies that encouraged corps to buy up the rentals.
 

MrSquished

Lifer
Jan 14, 2013
26,067
24,395
136
I speak to tons of small time landlords every week. Many are quite happy with their rentals and tenants. They may have one or two rental properties, so small time.

Sure there are plenty of shitty tenant experiences. There are also tons of shitty landlord experiences. Let me tell you, I've met shitty small time landlords a plenty.

But I find it hilarious when people take their tiny experience and project it onto the entire business model as a whole.\
 

Stokely

Platinum Member
Jun 5, 2017
2,281
3,085
136
Anyway it's a tangent, didn't mean to derail on the landlord thing.

As far as housing, here in FL there are a ton of investors--from here or overseas--who can just swoop in with cash offers and pay whatever. There are a LOT of rich people in the world, even if there are far more poor ones. And they like investing in US property. Not sure how much of the problem is due to this, but it doesn't help the locals who would like to buy, but get priced out. Happy to see we just got one new affordable housing development done in a poor area of Orlando, this we need more of.
 

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
I think there is something to the idea that there is more visible disorder in some places than in the past, even as actual crime is way down.

As mentioned it’s no longer unusual to see homeless people strewn about downtown areas. While that’s not crime, it’s still disorder. Of course now we are back to housing again.
I agree but Portland has always had fairly large homeless population. Like always. Back in the 80s and 90s it was veterans and the mentally ill, today it's mostly people who have seen their rents double while their wages/income stagnated.
The heartbreaking part about the latter is that they're being used as pawns in a cynical agenda to repeal M110.
 
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DAPUNISHER

Super Moderator CPU Forum Mod and Elite Member
Super Moderator
Aug 22, 2001
32,030
32,496
146
We are 3 pages in and I already know this guy. His views are so generically boomer, it's like a programmed routine.
 
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Leeea

Diamond Member
Apr 3, 2020
3,799
5,566
136
IOW, the employers complaining that "no one wants to work anymore" are missing the point. People do want to work and they are working. They just don't want to work for those employers. Other employers, those that pay well and treat their employees well, are doing just fine.
I manage a resort.

This is it, 100%.

I have not had to advertise for employees through the entirety of covid, and I have increased my staffing.

I am running full occupancy, my competitors are being forced to shut down portions of their facilities.


and it is the stupid stuff.

example: I always let my housekeepers run the airconditioners while they were cleaning. I always gave everyone infinite free bottled water. I always let them keep their tips. To smile and never raise my voice even when I was showing people their mistakes. To be friendly and non-judgemental.

You would think that would be the minimum. But I know of places where housekeeping are not allowed to activate the air-conditioning. Tips all go to the manager.


It is just respect. If you see a business with "unskilled"* labor that cannot retain employees it says something about the owners and managers that is not very nice.

*there is nothing unskilled about housekeeping. Or landscaping. Or gardening. Or maintenance. Or serving coffee. Or answering the phone. Ever deal with a very upset person on the phone? That takes talent to handle correctly and preserve the reputation of the establishment.
 

PumpkinCake

Member
Nov 2, 2023
158
108
71
You may want to bring all this up with the GOP as they wrote the tax policies that encouraged corps to buy up the rentals.
GOP does tons of stupid tax policy shit that harms the average american citizen. And so do dem politicians. They're both corrupt as shit, don't care about us at all, and love doing things that result in a near perfect 50/50 split amongst the population.
 

fskimospy

Elite Member
Mar 10, 2006
87,935
55,288
136
Portland has always had fairly large homeless population. Like always. Back in the 80s and 90s it was veterans and the mentally ill, today it's mostly people who have seen their rents double while their wages/income stagnated.
San Diego has always had a fairly large homeless population too but I was shocked when I came back after being away 10 years. It’s a lot worse now than it was.
 

PumpkinCake

Member
Nov 2, 2023
158
108
71
We are 3 pages in and I already know this guy. His views are so generically boomer, it's like a programmed routine.

Technically I am an "elder millennial" it's why I know so much about this generation.

Can you fix this 4-5 minute delay thing, please
 

SteveGrabowski

Diamond Member
Oct 20, 2014
8,949
7,662
136
San Diego has always had a fairly large homeless population too but I was shocked when I came back after being away 10 years. It’s a lot worse now than it was.
And nothing will ever be done about it in the US because the homeless are there to scare the shit out of labor and keep them compliant.
 

PumpkinCake

Member
Nov 2, 2023
158
108
71
And nothing will ever be done about it in the US because the homeless are there to scare the shit out of labor and keep them compliant.

Also a side tangent, but imo most of the homeless revolves around the US using jails as "mental institutions". Really a lot of problems in the US revolve around how we deal with mental healthcare.
 
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Paratus

Lifer
Jun 4, 2004
17,634
15,820
146
As a little exercise I just checked what the minimum wage and starting engineers salary was when we moved ~ 25 years ago from our first apartment (1 bedroom) to our first house (built 1970 1 story 4 Bed 2 Bath) and what that apartment is going for now and what's the cost increase / sqft in the same neighborhood in a low cost state. I'll also include college costs as our daughter is going to our alma mater for the same degree my wife and I have at an out of state but state supported school.

  • Minimum Wage Increase: 40% ($5.15 to %7.25)
  • Starting Engineering Salary Increase: 48% ($42K to $62K)
  • 1 Bedroom Rental increase: 78% ($600/month to $1070/month)
  • 4 Bedroom House Increase: 150% ($53 / sqft to $134 / sqft - $100K to $250K)
  • 4 Year Engineering Degree (Out of State): %120 ($20K to $44K / year)
So from when I was college aged rental costs have increased about 80% to 100% compared to someones salary increase now
Home price increases are 3-3.5 times higher than the salary increases
College prices are 2.5-3 times higher than salary increases.

The costs to live and get an education have increased much faster. No one is going to put themselves through college on a minimum wage summer or weekend job as they did in 70's- early 90's.
 

PumpkinCake

Member
Nov 2, 2023
158
108
71
As a little exercise I just checked what the minimum wage and starting engineers salary was when we moved ~ 25 years ago from our first apartment (1 bedroom) to our first house (built 1970 1 story 4 Bed 2 Bath) and what that apartment is going for now and what's the cost increase / sqft in the same neighborhood in a low cost state. I'll also include college costs as our daughter is going to our alma mater for the same degree my wife and I have at an out of state but state supported school.

  • Minimum Wage Increase: 40% ($5.15 to %7.25)
  • Starting Engineering Salary Increase: 48% ($42K to $62K)
  • 1 Bedroom Rental increase: 78% ($600/month to $1070/month)
  • 4 Bedroom House Increase: 150% ($53 / sqft to $134 / sqft - $100K to $250K)
  • 4 Year Engineering Degree (Out of State): %120 ($20K to $44K / year)
So from when I was college aged rental costs have increased about 80% to 100% compared to someones salary increase now
Home price increases are 3-3.5 times higher than the salary increases
College prices are 2.5-3 times higher than salary increases.

The costs to live and get an education have increased much faster. No one is going to put themselves through college on a minimum wage summer or weekend job as they did in 70's- early 90's.

Get your data and facts out of here


Honestly, I think the real question is, WHY have home prices and rent increased so much exactly?

Also, for the vast majority of the population, higher education is a scam. When it costs $3-400k of debt to get a job making $70k, you should be in the trades instead.
 

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
San Diego has always had a fairly large homeless population too but I was shocked when I came back after being away 10 years. It’s a lot worse now than it was.
I presume that has a lot to do with needing a combined household wage of about $50/hr to afford a typical rental there.
 
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SteveGrabowski

Diamond Member
Oct 20, 2014
8,949
7,662
136
Enough of the simple minded generalizations guys...you want every property to be owned by some bank? You think tenants will be better off?
I guess if you take it as axiom that private property is a good thing, that others should be able to own a person's housing so they can extract rent. Not that I would expect much different on a forum filled with neoliberals. But then you complain about rich people from overseas buying up homes in FL. C'mon, pick a lane. No I don't think banks should be able to exploit people who need somewhere to live.
 
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PumpkinCake

Member
Nov 2, 2023
158
108
71
I presume that has a lot to doing with needing a combined household wage of about $50/hr to afford a typical rental there.

Yeah, so move.

I know, it's tough. You might have to move away from mom and dad and your college buds. But the bottom line is, if your skills aren't enough to live in a super high COL area you need to move.
 
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SteveGrabowski

Diamond Member
Oct 20, 2014
8,949
7,662
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Yeah, so move.

I know, it's tough. You might have to move away from mom and dad and your college buds. But the bottom line is, if your skills aren't enough to live in a super high COL area you need to move.
So you think there should be no restaurants, no Uber drivers, no grocery stores, no Amazon delivery, none of that shit in San Diego?