EfficiencySuch6361

EfficiencySuch6361 t1_j41uygs wrote

Reply to comment by Expendable_Red_Shirt in What does eviction prevention accomplish. by LongjumpingShot

U are acting like individual stock picking skill is the ultimate bell weather of stock market success when the fact is that the federal reserve’s interest rates policies move the market more than any other factor by indisputably huge margin. So no I didn’t “read the context” bc what u are saying is wrong and doesn’t make sense, and u very obviously don’t know hardly anything about real estate rental property investments while trying to sound like the foremost expert

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EfficiencySuch6361 t1_j41ufca wrote

Reply to comment by TheSpektrModule in What does eviction prevention accomplish. by LongjumpingShot

It’s certainly not as lucrative here in Baltimore as some other places. It’s pretty standard especially in the pricier areas to only get 0.8%-1% of the purchase price as monthly rent, which is at the very bottom of the 0.8%-2% range that makes rental economics work. And if u can’t handle property management and at least 80% of the maintenance then it really becomes unprofitable quick. It’s not passive income I’ve discovered 😊 hopefully u feel good about the choice u made (which sounds very responsible)

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EfficiencySuch6361 t1_j41i6ys wrote

Reply to comment by SpareCartographer402 in What does eviction prevention accomplish. by LongjumpingShot

Well yes it is, what I meant was that a landlord can choose NOT to rent their property and just let it sit there vacant. I know some older ppl with multiple properties who don’t need the money anymore and are tired of the hassle of dealing with overly entitled renters, so they let their secondary properties sit vacant. Which hurts both renters AND buyers

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EfficiencySuch6361 t1_j417qgg wrote

Reply to comment by Otto_Von_Bisquick in What does eviction prevention accomplish. by LongjumpingShot

I know landlords that have already done what u are saying they won’t do but alrighty. Ppl don’t sell all their stocks bc the market is bad today and they’re retiring in 25 years from today. It isn’t infeasible to wait out bad policy decisions for a temporary problem vs selling at inopportune moment or losing a bunch of money in hand to realtor fees

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EfficiencySuch6361 t1_j40wsf4 wrote

Reply to comment by VygotskyCultist in What does eviction prevention accomplish. by LongjumpingShot

When landlords pause renting out their homes bc it’s too risky, it’s going to make homelessness a lot worse. Landlords aren’t evil… it costs a lot of money to own and maintain a home, especially an old one like most of those in Baltimore. Don’t know anything about the size, location, or status of the home OP is renting but automatically assume $25K per year is overcharging the renter? It could be a 3-4 BR place with a driveway in a very nice part of town where buying the equivalent house would be half million. Don’t forget that with all the taxes and fees and registrations, about $12,000 of that rent is going straight to the government if the house is owned outright… gets to keep even less if the house still has a mortgage

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EfficiencySuch6361 t1_j36v1dg wrote

Reply to comment by z3mcs in [WBAL] Baltimore Mayor Scott unveils state legislative priorities for 2023 by z3mcs

I would like to know more about infrastructure and environments segments. I’m going to assume that throwing more money at police isn’t really gonna help crime but I drive on dogshit roads and scarily unmaintained bridges all over the place here & the recent D+ rating of the Chesapeake bay speaks for itself

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