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Yes indeed, what government did to landlords is enough to convince people to get out of that market. Landlords already have a severe uphill battle. I know people who had small rental properties and the got screwed over by lazy worthless freeloading tenets. Some even caused a lot of damage to the landlord's property, and paid thousands of dollars to clean and renovate just to make it a presentable place to rent. It's like pulling teeth to evict really bad tenets.
...and add to that the fact that it's almost literally impossible to build anything in California, and they have the mess they have today.
And Newscum wonders why housing's going through the roof.
Perhaps I missed where any investment was entitled and guaranteed to result in profitability. Maybe Gary R should have considered other financial instruments that offered less risk...
Lol you obviously have very little understanding of how things work. What if i Bo ught low risk financial instruments and the government sold them to give to somebody else? Nothing is low risk if this is allowed.
Perhaps I missed where any investment was entitled and guaranteed to result in profitability. Maybe Gary R should have considered other financial instruments that offered less risk...
Only a complete idiot would be in favor of this kind of thing. Who really thinks it's a good idea to bankrupt the responsible small landlord who owns one rental property to help him in retirement. That's just stupid.
Only a complete idiot would be in favor of this kind of thing. Who really thinks it's a good idea to bankrupt the responsible small landlord who owns one rental property to help him in retirement. That's just stupid.
Lol you obviously have very little understanding of how things work. What if i Bo ught low risk financial instruments and the government sold them to give to somebody else? Nothing is low risk if this is allowed.
I also remember a time when equity in tobacco companies was a pretty safe and lucrative investment but times change as does government regulations and consumer sentiment. Again, if you are of a mind that every investment is entitled to earn a profit regardless of circumstance that's well and good although that smacks of every t-ball participant deserving a trophy for just showing up.
BTW - I have to wonder what kind of appreciation Gary R has seen on a property owned for 36 years in Pleasanton, CA, a city where the current median price for a single family home is upwards of $1.7M? 100? 200? 300 percent? I don't think 1000% is outlandish considering the current real estate market. Poor Gary R.
I also remember a time when equity in tobacco companies was a pretty safe and lucrative investment but times change as does government regulations and consumer sentiment. Again, if you are of a mind that every investment is entitled to earn a profit regardless of circumstance that's well and good although that smacks of every t-ball participant deserving a trophy for just showing up.
BTW - I have to wonder what kind of appreciation Gary R has seen on a property owned for 36 years in Pleasanton, CA, a city where the current median price for a single family home is upwards of $1.7M? 100? 200? 300 percent? I don't think 1000% is outlandish considering the current real estate market. Poor Gary R.
Lol. Quite the strawman argument, and nobody said every investment pays off, however, this one obviously did until the owners rent money was no longer received.
Hopefully the appreciation is huge. He worked for it and deserves it. Perhaps Gary will sell, fully retire, and no longer contribute to the tax base. Less tax revenue equals less free stuff for the lazy and entitled.
Lol. Quite the strawman argument, and no business is going to survive collecting zero dollars.
Hopefully the appreciation is huge. He worked for it and deserves it. Perhaps Gary will sell, fully retire, and no longer contribute to the tax base. Less tax revenue equals less free stuff stuff for the lazy and entitled.
And perhaps Gary should permanently relocate to a state that isn't openly hostile to ordinary people building wealth for themselves.
Lol. Quite the strawman argument, and nobody said every investment pays off, however, this one obviously did until the owners rent money was no longer received.
Hopefully the appreciation is huge. He worked for it and deserves it. Perhaps Gary will sell, fully retire, and no longer contribute to the tax base. Less tax revenue equals less free stuff for the lazy and entitled.
I appreciate you recognize what it is, that Gary R was participating in a business. So I ask once again, is every investment or as you've correctly pointed out, a business, deserve under whatever the circumstance to be entitled to be a profitable venture?
I appreciate you recognize what it is, that Gary R was participating in a business. So I ask once again, is every investment or as you've correctly pointed out, a business, deserve under whatever the circumstance to be entitled to be a profitable venture?
No business deserves to be essentially abolished via bureaucratic fiat.
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