You make such good sense.
My kids all tent.
Most of them have a credit score of Zero. They all live debt free.
They meet the rest of your criteria though.
Very good. You should get that published on American Thinker.
I live in one of the fastest-growing counties in the nation (Polk, FL). I am surrounded by numerous medium-rise apartment complexes, housing developments, and condos. They all charge prices that are far beyond what the local economy can bear, in part because of the cost of construction, and in part because it is the only legal means of discrimination against those you keep from your own residences. The system is about to collapse, because the cost of housing in the two adjoining metro areas (Tampa, Orlando) is beginning to soften, and people are pulling houses off of the market. We went through this in 2008, and the result was Barack Obama; I hope the result this time isn’t an AOC or a Hakeem Jeffries.
It depends on where you are. As someone who was born and raised in NY and lived there for over 30 years, I’m sorry, but you can’t expect to live in a decaying carcass of an area and be shocked that it draws maggots.
There is crap economic activity there, making it difficult for anyone who doesn’t already own a home to make a decent living. Prices are ridiculous. Utilities are insane. There are massive taxes increasing the rents landlords need to charge in addition to onerous regulations.
Those things combine to create an environment where it’s surprising that even 2% of the population meets your standard. Treat that 2% like gold, because if they have any brains at all they’ll soon be leaving like everyone else.
Thanks for speaking a hard truth... democrat 'incentives' have encouraged tenant irresponsibility. And the clueless MSM has supported the insanity.
With all the over time I could get. I never said " I dont want to work weekends and nights ".
Dump the " I dont wanna work too much attitude, do your kids a favor and make them clean the house, mow the lawn, pull weeds, wash the car, help change oil, a flat, vacuum the car, clean out the car, clean the gutters or at least hold the bag, take out the trash, help an elderly or disabled neighbor do the same. And dont pay them cash. Buy a pizza or whatever they like.
Doing good and work are a blessing, not the curse people think it is.
and limit the phone and video game time, it literally rots a person's brain. ( look at my posts!)
“steady income 3 times the rent (A HUD formula)”
That formula is from 70 years ago. Housing is now built to rigorous standards and inspected carefully. The English-speaking direct contractor has to have a Spanish-speaking subcontractor to run the Spanish-speaking crews, adding a markup percentage.
In 1948 the Shirly Highway in Fairfax County outside of Washington, DC passed through undeveloped land.
Fairfax County had about 600,000 residents when I lived there thirty years ago.
People of good financial and behavioral quality qualify for FHA mortgages.
It would be nice if you can find people called renters that will buy houses for landlords, but those people will prefer to buy a house for themselves.
The earned income tax credit could be payable only to landlords, mortgage or health insurance companies.
The child tax credit could be payable only to landlords, mortgage or health insurance companies.
AI managed bank accounts will be possible. My bank no longer has long lines come Thursday - direct deposit is the norm.
“upstate NY rural town
....
no smoking”
A smoking habit in New York State probably costs about $3,000/year.
I was a landlord for 36 years. Great tenants, fair tenants, bad tenants. One guy set tried to set himself on fire in a garage, took out my roof, survived. Wasn’t even a tenant, was the boyfriend of a tenant. Sold the last 4 units in 2020, they closed just as COVID hit. Many of the tenants were good, they got no rent increases and babied, many were friends. Sold the last 4 units and was able to retire at 60.
Thanks for that. People tend to think any and all bad behaviors should be acceptable to everyone else.
Yeah, we have thought about renting out properties, but it is so hard to get rid of people if they stop paying and their destruction of property is pretty much a given here .. So no. We have considered solely renting to the military where there are some safeguards. Still thinking.
“Housing crisis” = code from gov’mt officials to use when they decide that your house must come down so the apartments they will build in its place (owned by same politicos) can be available for rent.
See what Aussie gov’mt did. Same procedure.
There IS a housing crisis for renters. There's been a housing crisis for renters ever since the 2020 lockdowns. I got caught in the middle of it when I sold my house.
Partly, the crisis was caused by the government's restricting landlords from evicting tenants who stopped paying rent. But, another reason was that even responsible tenants were not moving. So, not many apartments were available.
I easily met all the requirements you listed, except #6, unless you figured my savings in that equation. But, my savings meant nothing to the landlords, and the fact that I had zero debt meant nothing to them, either. Every single place required an income at least 3 times the rent. Most places charged at least $2,000/month for a 2BR apartment. So, they required an income at least $72,000/year. Mine was nowhere near that amount.
I was fortunate to find one nice place that considered my savings in the equation, and they were lucky to get my family in return. I had to wait for one of their apartments to become available. The apartment is older, so the rent started out lower. I have always paid the rent on time, but it increases every year, even as the apartment gets older and older. Meanwhile, all the other places have continued to raise their rents, too. Now, the rent for a 2BR apartment in my area is between $2,300 and $2,500 per month. The rents are ridiculously high.