ConfuzedAZ

My tenants get 30% below market rate on rent. They get 24/7/365 access to maintenance calls for any issues. Every 4 years I renovate a room of their choice. I never get up on their business. Anyone else would say they have the best deal going. But here on Lemmygrad I am still the bad guy because of an investment I made 15 years ago, and decided to maintain in order to ensure my disabled son has a home. I respect your opinion, but I'm done defending myself on this site. No one here lives in reality. It's almost comical. You have a great life. I sincerely hope whatever you are looking for in life you find. Cheers.

I pay for a property management firm to take care of all the problems that come up at the properties. They are the ones who originally found the tenants. The houses are in a different city, I guess I could reach out, but my life is busy enough. It is purely transactional at this point. But after 12 years I am guessing it's at least acceptable. I do find it interesting the hate that landlords get on this site. I mean I used to rent and never had an issue. But back then renting and owning worked out the same after 30 years if you invested the difference between your rent and monthly house expenses. That sadly isn't the car any more.

Some people like the flexibility, some may not be in the area long term, some may believe the stock market has better potential. In our free market type society, that is their choice. You can rail against the status quo, but whether you like it or not, it's the current reality. As shitty as it is.

Yeah, honestly I think the estimate may be low, or perhaps white the death toll is not what is expected the actual quality of life is going to take a huge bit.

Yeah. Don't blame people at all for not having kids. Frankly the planet probably needs less humans.

Agreed, especially in today's market. It wasn't the case back when I bought the properties. 15 years ago, it was a renters market. Landlords were under pressure, but cheaper prices and low interest rates made it feasible. My first house that I bought was cheaper per month than the apartment I was renting previously.

There are many European families that I know in Canada that are financially able to buy but choose to rent.

Honestly? I went into it as an investment, from a capital appreciation stand point I have done very well. I've mentioned in another post that I basically charge minimum rent (30% below market). When I had kids I thought the properties would provide decent income for the kids so it would supplement what they earn in the long term. But then one of my children ended up with a life long disability. My properties are in a condo/town house community close to many amenities. It's very possible they may end up living in one of the properties while the other parts for their expenses. If I had wanted to get out I would have done so last year. But as it turns out I may actually need the properties to ensure my kid doesn't end up as a disabled homeless person. So at the end of the day, I'm not interested in making money off the properties, I just cover expenses. It's probably who I've had the same tenants for 12 years. I literally don't even remember their names.

So Twitter, vs a fairly reasonable food budget. Gotta say, kinda struggling with this one.

27,000 deaths a day approximately. According to the WHO 150,000 people die every day right now. 385,000 people are born every day. I mean it sounds bad, but in this context it doesn't sound that bad....

And honestly, today I agree with you (although I think there is some merit in a rental system as some people prefer to rent). I haven't bought a property for 15 years and I see what the younger generation is going through. If I knew then what I know now, I would not have purchased rentals. But at the time the real estate market was much different. Hell there were decent properties for sale for 70k back then.

I read that series a while ago. I second it as a suggestion. It was a really fascinating read.