/biz/ - Business & Finance

My Texas apartment has risen 50% since 2010. Landlords need to be gassed.

>>16675823

There is a whole fucking country you can move to. It's you zoomers all flocking to the same 3 cities that are being retards and surging demand.

.tfw just bought my 1600 sqft house in Midwestern

"shithole"

it was 160k

>>16675833
Yeah I’m sure moving to bumfuck idaho presents the same career opportunities as a highly populated area, oh wait you’re gonna recommend going into the “trades” aren’t you?

>>16675863

There are plenty of mid-major cities with plenty of suburb towns within easy commuting distance and nice apartments going for $600 1BR. You have no vision or creativity whatsoever, that's why you're a forever tenant rat.

>>16675816
Can’t afford the down payment

>>16675823
NOOOOOOO LANDLORDS ARE WEALTH CREATORS NOOOOOOOO THE GOVERNMENT SHOULD NOT IMPOSE RENT CONTROLS NOOOOOOO MY FREE MARKET

>>16675816
Wouldn't that roughly be in line with inflation? Maybe a bit higher, but what do you expect when there is booming demand?

>>16675906
Wages rose by 6%, then you see that there is a mass wave of homelessness because of this disparity, our government is failing us in favor of greedy real estate developers and their powerful lobbying.

>>16675870
You’re missing the point, landlords are greedy shitlords who deserve the rope for making it harder for young professionals trying to live the American dream

>>16675923
>muh professionals

why don't you just. head down to your local SBDC and start your own business and create your own opportunity cuckold

>>16675923

I'm a young professional and a landlord, checkm8 libtard

This is not hard. Stop moving to Austin, Denver, and NYC.

>>16675937
Because you’re fucked if you fail?

>>16675940
NOOOO I'M ENTITLED TO LIVE IN THESE PLACES!!!!!!

>>16675945
you're so stupid it hurts

This is a result of the glorification of major cities.

Government imposed rent controls will only destroy the cities by allowing more people to move in. As it currently stands, immigration to the cities are limited by what people are willing to pay (let's be honest, retards and rich people are in cities. Those who are dumb enough to throw their disposable income away on rent, and rich people who can actually afford it).

The solution is unfortunately the "American Way:" find somewhere less populated, that's harder to live in and make it there. That's literally what several generations of humans did in making this country and it's no different right now.

Move to Missouri, work a shit job, and push yourself to improve the business you're in and save, save, save. After a few years, open a business.

>>16675940

this lol

I agree that you pretty much have to live in a city to get a good career these days but no one says you have to put in for companies located in hip commie cities. Just because the wage is higher doesn't actually mean you're making more money!!!

>>16675874
3.5% down on a duplex while the other tenant pays the note. If you can't afford this you are unironic poorfag or bluepilled fag living in major city who has zero creative ambition.

Personally I've become obsessed with passive income lately. I used to have buying a house as a goal but I now like the thought of having enough passive income to pay rent. The idea being I'm not tied down to a single place and my rent is essentially free.

>>16675857
>it was 160k
Assuming a conservative 4% dividend yield you just gave away $500 in passive income every month.

>>16676024
You only need to put 3.5% down for a house in America as a first time buyer. You wouldn't be losing much capital buying and instead of pissing away all that money, you actually get some of the principal back as an investment

Good cities to live in and have career opportunities:

>Dallas
>Nashville
>Boise

That's really all I can think of for cities that have A) Career opportunities and B) Reasonable cost of living that aren't shitholes to live in. Any that I'm missing?

>>16676057
I'm not going to live my life around min/maxing financial gains, people like you are the kind of cancer that ruins video games and here you are trying to suck all the fun out of life

funnily enough I'm confident enough to say I have a higher NW than you and I'm not a minmax fag

>>16676079

Jesus Christ, anon. It's the United States, there are great opportunities everywhere.

https://wallethub.com/edu/fastest-growing-cities/7010/

And EVERY city has a shithole part of town. EVERY SINGLE ONE. You don't have to live there.

>>16676024
thats a dumb idea. You should never have your business dependent on if your landlord continues to let you live somewhere.

>>16676097
We are talking major cities here, not small (but growing) suburbs

And shit-holiness definitely varies in major cities as a percentage of that city

>>16676097

Agreed, but I heard rent in KOREATOWN in LA is 1400 a month. Some cities are truly irredeemable

>>16676065
>3.5% down
Are you familiar with the concept of an amortization table? I’ll save you the effort looking and point out that you’ll be paying more than the purchase price in interest over the lifetime of the loan, and that’s at today’s interest rates which are the lowest since Sumerians started scratching things into mud tablets.

>>16676115

>Major cities

There are, like, 100 cities in the US with 500,000 people or above, and all of them have tons of opportunity and nice places to live. I'm frankly baffled by how you think this country is just 5 or 6 places to work. All of these cities and you came up with Nashville, a literal meme bar-town where half of the city is a niggerville?

>>16676168
100% correct. The only way to be a millennial and live on your fucking sub-$20 an hour that most of us are getting is to shack up with several roommates.

>>16675833
>dude just move to an impoverished nigger infested shithole with no job market!

>>16676270
>he makes less than 20 an hour
>he also lives in a high CoL area

>>16675923
it's just supply and demand
if you want to buy a house or apartment building somewhere where rent is $1200 for a 1br and rent for $800 you can do that... it's a free country... but you'll lose money for no reason

>>16676223
Are you familiar with the concept of renting out your real estate to pay off the interest expense? Every two years after your first house you can claim a new primary residence in which you only have to put 10% down, and you get about a 2 month period to find renters for your previous residence which you can rent out at break even or profit

>>16675870
god you fucking boomers need to die already.

Because they are fucking stupid. Why would you pay rent if you had good enough credit to get a mortgage. Millennials are dumbshits.

>>16676340

I'm your age. I will be saluting you from my yacht when we're both 60 and you're working summers as the janitor at the resort paying 60% of your income in rent, lel.

>>16676024
Owning a house is passive income you mong. You're only "paying" for the loan. The house holds value. (goes up passively).

>>16676384

If you're getting paid sub-20 in a set of localities that tend to pay $15/hr minimum wage there's a good chance it's probably something you find in another city pretty easily

>>16676474

wrong post quoted

>>16676270

>>16676057
>implying you buy that house with 160k in cash

>>16675923
> live the American dream

what dream?

>>16675863

Sooo you accept the higher costs for a higher reward? Then what's the issue? Should people not compete for living space? In the EU, the governments have effectively seized all living space up north. They distribute it fairly and equally to muslims and niggers. Working Europeans literally live in the streets. Be careful what you wish for.

Imagine any power you would attribute to a government in the hands of Hillary, Bernie or Biden. These people hate you and want you dead.

>>16676057
housing appreciates at an average of 5%. and property taxes are lower than rent (obviously) so he can pocket the difference every month. you are retarded