41 States have an income based tax (education, world, kids, America)
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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
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.
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.
Then those people should stop complaining about programs like Section 8.
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