munchingzia t1_j8niksp wrote
Reply to comment by E0H1PPU5 in What can I do about exorbitant rent increase? I know all municipalities have their own laws regarding rent increase, but who do I contact? by AhoyGoFuckYourself
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.
E0H1PPU5 t1_j8nk9kx wrote
Ummmmm literally every landlord in this state??
In my county, my sister owns a home she purchased 6 years ago. Her mortgage payment is $800 a month. The home directly next door to hers, purchased two years before hers and being used as a rental is being leased out at a rate of $2300 PER MONTH.
The home I purchased this year….my mortgage is $1900 a month. And this is for a house on a substantial piece of property. The rental I left 9 months ago was a home 1/2 the size in less than a tenth of the property and I was paying $1700 to rent that place in a really awful and dangerous town.
If people weren’t making huge profits on leasing out properties, why would anyone be doing it?? Who are you kidding?
As to your comment that “no one would lease if it rent was too high” that’s BS and you know it. To get a mortgage and buy a home you need excellent credit, you need thousands and thousands of dollars in savings. You need thousands more in liquid funds. Buying is just not feasible for many people. The alternative is renting.
Landlords don’t need to compete, there is no surplus of housing….there’s a shortage. They have the luxury of pricing their units and whatever they want and people are still begging to be granted leases. It’s because the alternative is homelessness.
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
E0H1PPU5 t1_j8nn4vz wrote
Buddy. Look at what you’re writing. You really want to sit here with a straight face and tell me that landlords aren’t making profits…they are just buying and renting homes out of the goodness of their hearts?
That’s really what you believe???
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
E0H1PPU5 t1_j8nq68q wrote
You think anyone is purchasing an additional home and leasing it out just for fun??
You don’t think that those people are doing it to earn extra money?
munchingzia t1_j8nrfo6 wrote
how many times do I have to repeat myself? I’m starting to sound like a broken record. An average person who owns one house
E0H1PPU5 t1_j8nsbsa wrote
AN AVERAGE PERSON THAT OWNS ONE HOUSE ISNT RENTING OUT THAT HOUSE
munchingzia t1_j8nto5k wrote
cool. but if i decide to rent out one floor or one room, im not making any profits. you were arguing tht literally every landlord in the state was making huge profits.
E0H1PPU5 t1_j8nv9ue wrote
You’re ridiculous. Scroll back to the original comments here and take a look at how far you moved the goal posts.
munchingzia t1_j8nvua0 wrote
in the same way i sound ridiculous to you, you too sound ridiculous to me. i feel like im talking to someone that doesnt speak english.
E0H1PPU5 t1_j8nwl0l wrote
I feel like I’m talking to someone who can’t cope with being proven incorrect and instead of just walking away, keeps doubling down despite there being a written trail of them changing their argument and having to grasp at straws.
munchingzia t1_j8nxsvd wrote
now youre just accusing me of things. whatever. you are not my problem. your opinions are not my problem.
E0H1PPU5 t1_j8nxxcx wrote
It’s not an opinion when it happened….in writing. I am accusing you of things. If you didn’t want to be accused of those things you shouldn’t have done them.
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