munchingzia

munchingzia t1_j8nne9i wrote

im not talking about people who invest in property and flip houses , etc for a living. Im talking about the average person who owns 1 home and rents it out.

either there is some serious miscommunication here , or we both fail to acknowledge each others points

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munchingzia t1_j8nm4ap wrote

i usually dont entertain personal experiences , but $2300 in rent is indeed absurd so fuck em, move on.

and i doubt someone is making a profit on a tenant paying $1700 like you keep claiming. Especially in rural Jersey. You really think some landlord in rural Jersey is making enough from their tenants to afford a 2nd mortgage?

if i decided to rent out my first floor, im not going to do it for 700 or $800 . thats not worth the hassle . its not worth having random ppl in my house . so no , not everyone has the luxury of choosing the price. and furthermore, Nobody is going to pay $3000 for a rental in some impoverished town in So. Jersey

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munchingzia t1_j8niksp wrote

it was a yes or no question , but yes those are 2 different things. I think we’re clear now.

Btw if a price really is as unreasonable as you say, people arent going to rent from you. theyll move to another house, or another town before they do that. People arent that dumb, give them some credit.

and who the heck charges enough to afford a second mortgage? Thats actually crazy talk.

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