ghogan1010

ghogan1010 t1_jbula6t wrote

Of course it does. The poorest of the poor in this country and this area live lives that people in other parts of the world or other parts of the country would kill for.

It’s a matter of perspective. Poor are never not going to be poor. There’s always going to be someone who has more than someone else. But success, growth, capitalism allow programs like Obamacare, voucher programs, snap benefits to exist. Progress requires success. It’s a step in the process most “community advocates” can’t seem to grasp. You can’t create something from nothing.

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ghogan1010 t1_jbujj76 wrote

Rent control won’t lower rents. It’ll slow the pace of rental increases. Something I’m completely on board with and I own rental properties. I think there’s been too much advantageous gouging in the last couple years.

Again reality vs fiction. You’re never going to eliminate the landlord/tenant dynamic. It’s been around forever in various forms. You can restrict, make it more tenant friendly, but at the end of the day tenancy/affordable housing does not accomplish much more than making a select group of people feel better about themselves. Rising tide raises all ships. Raise the tide of Providence economic situation, all classes will benefit. They won’t benefit downtown or in immediate areas, but they’ll benefit.

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ghogan1010 t1_jbui2nt wrote

And unless you’re looking to subsidize the private citizens who own those properties and charge rents based off supply and demand, Peter Pan is waiting for you in Neverland.

There’s a BILLION scenarios that would’ve could’ve should’ve. Let’s deal with what is. What is is a great opportunity for Providence to have a renaissance within the downtown and bordering areas. They can become a higher end community that attracts a lot of great businesses and reflective of a State Capitol that sits beautifully between Boston and New York. The benefits of that will be a city filled with vibrancy able to spend on other projects that can help affordable housing, etc.

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ghogan1010 t1_jbu2p3u wrote

I don’t think we value the same kind of change. I want progressive development to create solvency that enables the city to focus on humanitarian efforts. You can’t start at the bottom and work upwards, that’s not how the world works.

Unfortunately, those with the least to contribute at least in terms of job creation and revenue are the last to reap the benefits. It’s capitalism at work. I’m of the mindset you promote and develop a sound economic policy and you invest in entitlement with the reward of successful policy. There’s plenty of sections of the city and of Pawtucket and surrounding areas that would be perfect areas for affordable housing. Waterfront property minutes to downtown of the State Capital should literally never even be considered for such a project.

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ghogan1010 t1_jbtsv5p wrote

I don’t live in the world of make believe and utopia. In a perfect world a lot of things happen. In reality affordable housing doesn’t draw anything that historically leads to economic growth and prosperity.

If I want hypotheticals I’ll take a philosophy class. Business deals in what is it. Reality is reality regardless of what something should be. Affordable housing units can be a part of a broader initiative. The city is guilty of lacking forward planning.

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ghogan1010 t1_jargeed wrote

I second this. I took my son here for his 10th birthday. He started watching Forged in Fire. They wouldn’t make a weapon for liability reasons, but it was really cool he made a ring toss set for the back yard.

They were absolutely fantastic I can’t say enough good things about this place. It’s female owned and these women are such bad asses!!!!

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ghogan1010 t1_j9zx5uw wrote

There’s a lot that goes into owning rental properties that people don’t take into account. My 4 unit property last year brought in for revenue $60,000 in revenue. Market rates that number could be $85,000. Now expenses. 36,000 for mortgage, taxes, insurance. I own an additional $5,000,000 umbrella liability policy that costs around $500 per year

I had 2 hot water tanks go last year. $3,000 total in expenses. Dishwasher went in 1 unit. $785 Pest control issue as it’s close to the water and surrounding area has an issue. $1500. That’s up front charge and monthly maintenance plan because I’d rather prevent a problem than not.

I installed 2 outdoor plugs for 2 units because they own electric cars and were running extension cords through a window. Rather not have them endanger themselves doing that. $500 each per plug.

We painted and replaced flooring in common area for $2500. Common area electrical, sewer, water, landscaping, property management, accountant for the year total just under $4500

This brings total profit on the unit to $10,000 per year. We had virtually zero snow removal and thankfully it was a low year in terms of maintenance. But what happens next year if the other 2 water tanks go, or in 5 years when the roof needs replacing, or someone moves out and I miss a month’s rent from the unit? There’s most definitely multiple components to owning and a lot of people are jerks. But we aren’t all jerks. Some of us are trying to build an asset, be fair to people, and benefit in the long term. For as many bad landlords there are, there are scuzzy tenants. It needs to be a partnership.

Yes some people are cut throat businessmen and there’s ways to squeeze a hell of a lot more out of it. But many tenants don’t treat properties with any kind of respect either. Thankfully mine do and I am fair to them in return.

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ghogan1010 t1_j9zg5cv wrote

This is someone who will never find the capability or intellect to own a home. If “market” rent is upwards of $1700-$2000 and my units are renting for $1200 - $1500 without an increase this past year and no projected for this year, I’d say I’m being pretty fair.

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ghogan1010 t1_j9yx79q wrote

Good for you guys. As a landlord who tries to treat his tenants with respect with updated buildings, reasonable rents, etc it’s good to see you taking a stand against those who don’t.

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ghogan1010 t1_j6yab3s wrote

I’m actually going to jump on this with you. My home water in Cranston, so also Providence water has been hard AF. Staining toilets and showers in ways it never ever did prior.

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ghogan1010 t1_j5q0wei wrote

The short answer is no. You’re at the mercy of the elements and it would be extremely difficult to prove any kind of negligence. All snow was pretty much melted by early morning and it’s very easy for a landlord to say “plow/landscaper hasn’t gotten there yet”.

You’d be doing everyone a favor by doing it yourself on days like today where there wasn’t much need for professional company to come out as it was cleared by 9:00 due to weather. I’m sure most landlords will spring for a $29 bucket of rock salt.

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ghogan1010 t1_j502z9s wrote

This is a misnomer. They don’t lose money by having you switch to solar. Their cost to obtain additional energy is greater than the loss to you producing your own.

The amount they’ll permit is 90% of projected usage. The 10% justifies service to the property. It’s really a pretty sensible arrangement when one thinks about it.

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