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Old 05-31-2014, 03:20 PM
 
11,768 posts, read 10,239,242 times
Reputation: 3444

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Quote:
Originally Posted by BentBow View Post
What landlord is going to lose money on a tenant?
Plenty. The market dictates the rent, not the landlord. In the long run the landlords losing money will exit the market.

Quote:
Originally Posted by BentBow View Post
When you rent from me, you the tenant are paying my mortgage & maintenance +insurance cost. Plus I put some in a bank account, for repairs and pocket the rest.
So what? When you buy you are paying the mortgage, maintenance & insurance cost. Plus, you should be putting some in the bank for repairs (maintenance) and imputing your opportunity cost if you put down a down payment.
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Old 05-31-2014, 03:41 PM
 
Location: The Republic of Texas
78,866 posts, read 46,504,056 times
Reputation: 18520
Quote:
Originally Posted by freemkt View Post
Is this a great country or what? Where else do other people buy property for you?


Providing a service using my credit and risk, to those that cannot qualify for a loan.

Using the income provided, invest it into more rental properties.
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Old 05-31-2014, 04:53 PM
 
Location: Texas
38,859 posts, read 25,466,073 times
Reputation: 24780
Quote:
Originally Posted by Driller1 View Post
We call it a homestead tax credit.....it is not an exemption.

I pay my land tax.....then in April I file a state return.....I get my land taxes back....with a home heating credit.

Texas isn't so understanding.
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Old 06-01-2014, 08:48 AM
 
24,834 posts, read 37,276,103 times
Reputation: 11538
Quote:
Originally Posted by freemkt View Post
Is this a great country or what? Where else do other people buy property for you?
Yes.....the tax payers buy homes for people every day.
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Old 06-01-2014, 09:01 AM
 
33,016 posts, read 27,388,296 times
Reputation: 9074
Quote:
Originally Posted by Driller1 View Post
Yes.....the tax payers buy homes for people every day.

So much for the so-called "progressive" tax system.
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Old 06-01-2014, 09:03 AM
 
33,016 posts, read 27,388,296 times
Reputation: 9074
Quote:
Originally Posted by BentBow View Post
Providing a service using my credit and risk, to those that cannot qualify for a loan.

Using the income provided, invest it into more rental properties.

Allow smaller homes on smaller lots and more people will qualify for a loan.
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Old 06-01-2014, 09:06 AM
 
24,834 posts, read 37,276,103 times
Reputation: 11538
Quote:
Originally Posted by freemkt View Post
So much for the so-called "progressive" tax system.
Have you ever applied for a HUD loan/grant???
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Old 06-01-2014, 09:08 AM
 
24,834 posts, read 37,276,103 times
Reputation: 11538
Quote:
Originally Posted by freemkt View Post
Allow smaller homes on smaller lots and more people will qualify for a loan.
Not everyone or, every community wants that mess.
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Old 06-01-2014, 09:48 AM
 
33,016 posts, read 27,388,296 times
Reputation: 9074
Quote:
Originally Posted by Driller1 View Post
Have you ever applied for a HUD loan/grant???

Why would I do that when I know better? My ratios are bad and I am well aware that I would not qualify under 'conventional' lending standards.

I live very frugally and can afford to pay a high proportion of my low income on housing, and that freaks out lenders who see the numbers as a huge red flag indicating I can't possibly afford to pay that much for housing. Even though I do pay that much, on time, every month.
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Old 06-01-2014, 09:52 AM
 
33,016 posts, read 27,388,296 times
Reputation: 9074
Quote:
Originally Posted by Driller1 View Post
Not everyone or, every community wants that mess.

Then those people should stop complaining about programs like Section 8.
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