shyt, they raised my rent

[WesCrook]

yep, we ended up getting everything but $200 back for carpet cleaning

Next time rent a carpet cleaner from the store.

 

[Pyrexcup]

Because you won’t be stuck there. I’m in the same situation. Like I can buy property but it doesn’t reflect my lifestyle. Don’t have kids and not looking to settle and property flipping is never guaranteed. I’ve rented and had roommates in the past, I’ve had fond and bad memories w/ them so I know the game. Just wanted insight on why you think that way. I feel like I could move around renting(maybe for a couple of years, no longer than 3) before I want to own some property. Mortgage gets increased as well

true while property flipping is never guaranteed you will still be better off in general than someone who has been renting their whole life. hate to bring in race into this but ownership is also one of the reasons why blacks are so low economically. One good thing right now is that rents have decreased because of covid usually rent prices here in London are very high and property is crappy and old with several flatmates. The money you pay for rent is sometimes not even that much lower than a mortgage

 

[⠀X ⠀]

Have you checked if this is legal in your state considering the current pandemic?

Its not even a legal apartment. I can’t really complain. I’ve been there forever, and this is the first time she’s raised the rent, and it’s in line with what other landlords are charging.

 

[⠀X ⠀]

Property appreciation doesn't offset inflation? Landlords expect people to constantly have 2-5% more income every year?

Appreciation doesn’t really put cash in their pockets. Not until they sell it or refinance it or something.

 

[Rawtid]

true while property flipping is never guaranteed you will still be better off in general than someone who has been renting their whole life. hate to bring in race into this but ownership is also one of the reasons why blacks are so low economically. One good thing right now is that rents have decreased because of covid usually rent prices here in London are very high and property is crappy and old with several flatmates. The money you pay for rent is sometimes not even that much lower than a mortgage

Buy something you can live in one part and rent out the other. If you’re single, you can renovate into a nice basement apartment for yourself and rent your main floor. In some jurisdictions as long as a relative lives in it, there is no need for permits.

 

[Rawtid]

Because you won’t be stuck there. I’m in the same situation. Like I can buy property but it doesn’t reflect my lifestyle. Don’t have kids and not looking to settle and property flipping is never guaranteed. I’ve rented and had roommates in the past, I’ve had fond and bad memories w/ them so I know the game. Just wanted insight on why you think that way. I feel like I could move around renting(maybe for a couple of years, no longer than 3) before I want to own some property. Mortgage gets increased as well

How often do you move? and to a different state or area of town? If you’re burning through apartments to save money on rent, but they are miles away from each other, you may as well buy and establish a base.

 

[Jasonmask]

How often do you move? and to a different state or area of town? If you’re burning through apartments to save money on rent, but they are miles away from each other, you may as well buy and establish a base.

Every 4-5. California is huge, I’ve lived on both sides