ZellZoy t1_jbotet7 wrote on March 10, 2023 at 4:11 PM

Reply to comment by OSRS_Rising in New York landlord becomes legal guardian of 93-year-old Holocaust survivor: 'She had no one else' by Imguran

Because if landlords weren't snapping up hundreds of properties each owning a home would be cheaper than renting is now even if you account for incidentals like fixing fridges and roofs

kloakndaggers t1_jbozw5b wrote on March 10, 2023 at 4:53 PM

that is totally area dependent..... Yes, you build long-term equity and potentially well but in some areas it is much cheaper to rent than it is to buy

ZellZoy t1_jbp4u5d wrote on March 10, 2023 at 5:24 PM

>Because if landlords weren't snapping up hundreds of properties

kloakndaggers t1_jbpyc60 wrote on March 10, 2023 at 8:36 PM

the small and pop landlords have been around forever. institutional purchases have really only gotten pop in the last 5 years or so. Even before that, places like California and New York renting was more affordable in many cases.