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My first house was in a "blue collar"(?) part of PA. I sat at the end of the block on a friday and saturday night to see how lively it might be. As to be expected, nothing while I watched, but after we moved in, we only lasted 11 months. Like a different episode of cops out of every window.
How do you do this? I'm in that situation where I wonder what's going on in my neighborhood and the surrounding area. Lots of foreclosures and I'm wondering how many are now rentals.
Definitely. Rentals = bad news. College rentals = bad news x10
Sheriffs tax assessment page can give you the info on legal rentals, but you have to keep in mind there are going to be lots of illegal rentals mixed in.
Definitely. Rentals = bad news. College rentals = bad news x10
Sheriffs tax assessment page can give you the info on legal rentals, but you have to keep in mind there are going to be lots of illegal rentals mixed in.
Rentals don't always = bad news. I think the price point of the rentals nearby should be considered.
Definitely. Rentals = bad news. College rentals = bad news x10
Sheriffs tax assessment page can give you the info on legal rentals, but you have to keep in mind there are going to be lots of illegal rentals mixed in.
So in your mind blue collar workers and renters are problems. Funny one time i moved to a wealthy upper class neighborhood and my car was broken into and stuff was stolen. I lived in blue collar areas and rented most of my life and never had my car broken into in those areas. I lived there for 15 months renovating a house. I'm a blue collar contractor that never causes problems and i'm a renter.
Everyone is a renter actually if you think about it. You might have a new home but you are just renting it from the bank until it's paid off. Then if you can't pay your taxes the govt takes it. So what's the difference? You pay rent and i pay rent.
So in your mind blue collar workers and renters are problems. Funny one time i moved to a wealthy upper class neighborhood and my car was broken into and stuff was stolen. I lived in blue collar areas and rented most of my life and never had my car broken into in those areas.
Thieves preferentially target wealthier neighborhoods. And if you think about it, it makes sense: they're just going where the chances of a big payoff are best.
Everyone is a renter actually if you think about it. You might have a new home but you are just renting it from the bank until it's paid off. Then if you can't pay your taxes the govt takes it. So what's the difference? You pay rent and i pay rent.
The difference is a home can double in value in a year and you can pay it off, unlikely but it can happen. Say a developer wants to buy the whole block and you are in the middle and hold out. You can more than double your money. Also when you pay rent you have no equity, it's straight debt. Also that home will eventually be paid off, rents go up and mortgages normally don't.
The difference is a home can double in value in a year and you can pay it off, unlikely but it can happen. Say a developer wants to buy the whole block and you are in the middle and hold out. You can more than double your money. Also when you pay rent you have no equity, it's straight debt. Also that home will eventually be paid off, rents go up and mortgages normally don't.
I know the differences monetary but you are still renting. You stop paying your rent (mortgage, taxes) you get evicted just like the apartment renter does.
Thieves preferentially target wealthier neighborhoods. And if you think about it, it makes sense: they're just going where the chances of a big payoff are best.
That does happen and does make sense but not always the case. That's like saying drugs only exist in lower class neighborhoods when in fact a large amount of users are in upper class neighborhoods because they can afford it.
I know the differences monetary but you are still renting. You stop paying your rent (mortgage, taxes) you get evicted just like the apartment renter does.
Difference between owning and renting is called buildingequity!
I know the differences monetary but you are still renting. You stop paying your rent (mortgage, taxes) you get evicted just like the apartment renter does.
But you can sell a home, you have nothing to sell when you rent.
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