But now she can rent it and pay their mortgage!
She can make BlackRock back to pay their own mortgage, by calling on a BlackRock fund with all her money, and pay here mortgage with its returns!
Back when we were house hunting, we experienced several sales where the house was sold for cash at 10-30k over the asking price before offers were even open. If we do sell, I’m sure as hell only selling to a family (not that I’d advertise as much, I’m sure they would and have made fake families to purchase houses.)
My sister just inherited a house and sold it for $20k below market to a young family for exactly the reasons you state. I respect her for that.
If a house sells before bidding opens, it’s not necessarily the corporations, but yes it’s an unfair advantage to someone. Back when we were looking and the market was even hotter, we actually did get in on that side of the process a couple times.
However that early access was never exclusive and never successful for us. I actually wondered whether it was just a scammy tool for realtors to get feedback on the asking price
And “cash” does not necessarily mean cash. I believe it just means no contingencies on whether or not the buyer can get a mortgage and when. The buyer is already approved for the necessary amount and desperate enough to gamble that nothing will go wrong
As if that hypothetical person ever had a chance post 2008.
This is just restating the joke.
Wife and I both bought houses in 2009. Feds were literally giving out tax credits to encourage people to buy. Homes were dirt cheap then.
Going off your comment it sounds like you are too young to remember this.
I bought a house in 2016, so yes.
Maybe she should close her legs
- Every Republican male.
Maybe she should open her legs
- The other Republican half
its not my fault she got pregnant after we had sex—but if she refuses to birth my child, she should go to prison.
And when people opt for abortion or refuse to procreate, those republicans will go ape.
Maybe republican male should stop browsing CP or Qanon or whatever they do these days.
Well done, my minions. The mortals’ courage begins to wane! Now, let’s see how they contend with the true Lord of Blackrock Spire!
This is very strange seeing Zach Wilson in this context
Not surprising, but apparently only dozens of us on Lemmy know who Zach Wilson is
fuckin knew it. Generic white guy sure but god damn it is definitely him ain’t it
is that Zach Wilson
As if a single mother of 4 could ever get close to affording a house
Maybe she won the lottery or sold the 5th one she never liked anyway? 🤷
You can afford a house in most states on about $100k. She’s just a single mom, don’t assume she doesn’t have a solid education.
Sexists in here, smh.
$100k is almost double the average income of single mothers (of ANY education level) though, and, again on average, more than a third of their income go towards childcare.
Add the fact that someone with 4 children would pay MORE than average in childcare and other expenses including ridiculously high rent and there REALLY isn’t enough left over to ever afford a house anywhere but the least desirable parts of the least desirable states.
I’m not being sexist, you’re downplaying the ongoing national emergency of deep systemic poverty.
I have to raise rent on the single mother of 2 again…
Inflation hits us all honey.It must be weird to know that just dropping dead would actually make the world a tiny bit better than not. I wonder if that’s how an intestinal parasite feels?
I think it would make the day of my employees harder for a few months.
I think it would make the rest of all of my wifes days really really bad.
I think the only people who would be happy that i just died would be people on the internet with superiority complexes.deleted by creator
What? Are you high?
deleted by creator
Apparently. What’s that supposed to mean?
Are you saying i will struggle to pay rent when I’m old?deleted by creator
You should buy a better life insurance policy. What kind of person doesn’t plan for the possibility of their spouse needing to be on their own?
Wait, we already know EXACTLY that kind of person, don’t we?
I have one. I didn’t even mention anything financial. Funny that this is all you guys think about.
You ever had a loved one die? Seems like you don’t know how horrible that is.
Case closed.deleted by creator
I don’t see or care about “karma” and a lemmy comment section isn’t anything close to a reflection of society.
Post karma is meaningless because most people in this thread are dumb lol
Oh God, your argument rests on who gets more Lemmy karma.
Sweetie, downvotes on Lemmy are typically a sign the poster is right . . .
If you feel so guilty about it, just sell her the unit at a price she can afford. Oh wait, you won’t do that, because that would make your life harder, because then you wouldn’t be able to profit off her efforts.
Stop feigning remorse for a wrong you won’t stop doing.
Do you have to? or are you driving a fancy car, taking vacations, buying name brand clothing, spending money on over priced drinks… i don’t think you have to, i think you care about spending money on something that doesn’t matter more than that mother and her children.
“Nice” cars, taking a Vacation, and name brand clothing isn’t the demographic of rich we should all be fighting against. The actual rich wouldn’t define anything they do or buy that way. They don’t buy nice or fancy cars, they buy luxury cars. They don’t buy name brand clothes, they buy designer clothes. They don’t go on vacation, they just travel to their 10th summer home on their 3rs yacht and take a couple conference calls on the way.
I hate seeing the definition of middle class and the lower class fighting against each other. That’s literally what the ultra rich want, they love it, it’s their other favorite hobby.
Just because someone might barely make it out of the lower class and be able to afford a higher trim level on their Honda, and actually take a vacation doesn’t mean that’s a bad thing, what should fighting together for that be a thing for everyone in the lower class.
The whole reason a middle class was ever allowed was to keep the poors from eating the rich.
deleted by creator
Yes i have to. Every unit has to be a net positive to itself or at least stay a small net negative so other units can catch a non-scheduled repair. I’m pretty sure the tenant wouldn’t be happy to have to look for a new place just because a pipe broke.
Yes, i drive a Taycan and my wife has an ID.5.
Yes, i sit in my garden and enjoy whatever the weather allows me to.
Yes, i exclusively buy clothes made from good quality natural materials. A sweater of the brand of clothes i buy costs about 160€ and lasts about 8 Years. I have not had to replace one yet and i own about 40 pieces of clothing in total. Not counting suits.
What is an overpriced drink? I drink filtered tapwater, sometimes carbonated and at the rare occasion that i eat in a more fancier setting i drink Sprite.
What part of your expenses went up. Your own or the cost of owning the home?
All of them. Food, gas, petrol, property tax, car payments, electricity, water, my employees… you name it, it got more expensive.
Exactly the problem. You rely on other people to pay you more than a thing is worth so that you can remain in a lifestyle that is no longer sustainable. Fuck you.
Nice assumption. Wrong.
deleted by creator
I manage 10 employees, i drive to customers and do electrical or system administration if any of my employees are ever sick, i do many repairs on the units i rent out myself, and if I can’t because i cannot meet best practices in that specific field i work on getting someone to fix it.
deleted by creator
Guess what… aside from property tax and employees (which are your cost of doing business), your tenants also have to shoulder all those extra costs. And now they get slugged by your rent increases as well.
While I agree to a point, apart from property tax and employees there’s more costs that i face so the tenant doesnt have to.
Insurance (both from natural causes and unnatural damages), the aforementioned property tax, waste and fresh water, appliances that have to be replaced, corrosion damage, trash disposal, street cleaning etc.
I get the slight feeling that you only ever rented? This is all part of the rent. You are paying a part of all this with your rent. I get an average of 400 before tax a month on each unit.
You think the eingle mother of 2 could afford a mortgage of more than the rent (US centric, in Europe it’d be a loan) and all the running costs?While I agree to a point, apart from property tax and employees there’s more costs that i face so the tenant doesnt have to. Insurance (both from natural causes and unnatural damages), the aforementioned property tax, waste and fresh water, appliances that have to be replaced, corrosion damage, trash disposal, street cleaning etc.
Wherever I have rented, I paid for my electricity and water usage. So unless you’re talking about your own electricity and water usage, I’m not sure what you mean by “facing costs so the tenant doesn’t have to”. Structural insurance is not a cost the tenant would bear themselves if you didn’t, since they can’t take out insurance on a structure they don’t own. So if you weren’t bearing that cost, your property would simply be uninsured. The rest are pretty much your business costs.
I get the slight feeling that you only ever rented?
You’d be mistaken. I have been in the fortunate position of not having to rent for the past ten years - I’ve dealt with too many shitty landlords and middlemen to ever want to do it again. And the same way you don’t care if a tenant’s salary is going up enough to be able to afford your rent increases, I don’t care what you make on renting out a unit. You could be breaking even for all I care. Your business model is predicated on people being able to afford your rent, and if purchasing (or, if you will) renting power is reducing across the board due to ever increasing cost of living, well, then you don’t have a viable business. Nobody forced you to be a landlord, nobody ever said your investment was going to be risk-free.
You think the eingle mother of 2 could afford a mortgage of more than the rent (US centric, in Europe it’d be a loan) and all the running costs?
In many markets, private landlords set their rent so that the renter is pretty much paying the mortgage on the rented property, plus the running costs. The Australian market in particular is so inflated right now that many renters would actually be better off paying a mortgage on the same place they’re renting.
Wherever I have rented, I paid for my electricity and water usage.
Ok, cool. My Tenants don’t.
The Australian market in particular is so inflated right now that many…
Cool, not Australian.
Inflation is fake.
You don’t believe changes in the supply of a good influence its value?
You can dream bobby, but your dreams are not reality.
