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Jahooodie t1_iuwvfl2 wrote

Reply to comment by driftingwood2018 in Landlord raise rent by 20%, citing property tax increase. How bad is the tax increase really? by a_teletubby

Tell that the the weird landlord group I've seen getting coffee at a few places, talking like they're financial geniuses because they happened to buy in the 90s when downtown wasn't... well it wasn't great really.

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driftingwood2018 t1_iuwzz7w wrote

Well. Timing is everything. You make your money on the buy not the sell. But given todays dynamics you’d have to be a real idiot to become a landlord here. Or you are simply naive in thinking you can raise rents every year without any fear of them stabilizing or going down

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