I have rental property and my taxes just went up $500, so I was going to increase rent by $50 a month. But I let the renter talk me out of it as they paid on time and had spent a lot of time and money fixing up the place. Good renters are a Godsend.
Plank #1 of the Communist Manifesto: "Abolition of private property in land and all rents of land applied to public purpose."
quote “A bit of digging revealed to us that the home had been bought in 1999 for the bargain price of £170,000, meaning we had effectively paid off our landlord’s mortgage during our tenure alone.”
LMAO
exactly right! you are an idiot for renting, and the landlord thanks you for paying off his mortgage for him!
I am a landlord and laugh at renters all the way to the bank every month. Since they could buy the same unit for less per month than I rent it to them.
Renting is just as undesirable as owning rental property, unless it is high end, imo.
Thanks to regulations, NYC and London have comparable, stratospheric building costs. But salaries in London are lower, so housing is less affordable.
https://www.building.co.uk/london-vs-new-york-the-market-rules/5082650.article
I got a letter from my shop space landlord lamenting how everything costs more. I have been complaining about the leaking roof for years and he wrote a sad sack letter on property owned outright that is falling apart.
Just tell me you want more money jerk. Don’t expect sympathy after the government destroyed my business.
Luckily I don’t rent a house. Illegals are being put in every vacant apartment for free.
Good renters are a Godsend.
Then there are the others. Had one that called to tell me to replace a burned out lightbulb.
LOL London is like coastal California. No one of ordinary income can buy a home.
He likely chooses to live in London, because he’s too lazy to live in a cheaper area, and commute to work.