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Because interest rates are held artificially LOW by the FED to stimulate stock and real estate price increases, there is a need to put the money SOMEWHERE. It must be in stocks or real estate. Until it all goes POOF.
Yes...Money....Tons of borrowed money....used to screw the next generation
by putting real estate out of reach once and for all. Sad.Sad. Sad.
Shame on you leveraging flippers. Karma .Karma.Karma..................
The only people more evil than house flippers as far as I am concerned are those who vote to take Mitchell Lamas private. They are both bottom of the barrel evil.
Yes...Money....Tons of borrowed money....used to screw the next generation
by putting real estate out of reach once and for all. Sad.Sad. Sad.
Shame on you leveraging flippers. Karma .Karma.Karma..................
I want to live in a world where real estate isn't viewed as an investment
I want to live in a world where real estate isn't viewed as an investment
Well then you'd better start looking for another planet or something, because persons, corporations or whatever have been buying real estate for investment purposes for hundreds of years.
Outside of some sort of natural disaster land isn't going anyplace, nor are they making more of it. Well there is landfill but we're not on that right now.
As such one of the more reliable ways to earn money in long run is to own land. It may not play out well for first generation but or even second. But in the long run owning land is one of the safest investments and or ways to build wealth going.
One of the main reasons people came flooding into the USA from Europe was a chance to own their own land. Something almost nearly impossible for much of that place. What wasn't owned by royalty or the nobility had long been snatched up by someone else.
Proof of this can be found in Trinity Church located in lower Manhattan. They are one of the largest landholders in NYC (using grants largely given out by royalty), which has made them *very* wealthy.
The only people more evil than house flippers as far as I am concerned are those who vote to take Mitchell Lamas private. They are both bottom of the barrel evil.
Thank the baby boomers who got the ML when they were in need of it now they want to go private and sell it for 10 times the price they paid then take all the money and run down to Florida to retire. Those selfish old wrinkle face a$$holes!!
i got 10 emails from 2300 dollars+ apt
why would i pay that much for studio or one bedroom
and my logs for these are usually low like 200+
fk you devs, hope you never fill them out
It depends on location and usage. See people who want these expensive places have the logic of using them.
You have people building mansions and housing in no-name states that can only be accessed by cars. They live inside of a tiny little studio no room apartment while they are working and divide the spaces with three or four people. That is why
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