nathanaz

nathanaz t1_jd175sz wrote

Reply to What do you do? by Loveroffinerthings

We live in Jamestown - bought the cheapest, run down house on the island almost 20 years ago. Were still working on it to this day. We’re married, both have good jobs.

I can tell you that amongst the full-time residents, MANY were left a house, bought a house from a relative for cheap or inherited/were gifted money to be able to buy their houses. I actually can’t think of a single family who owns a ‘mansion’ that they bought/built with zero help. Most people just have regular houses though.

I really don’t know any of the thousands of seasonal people, so I can’t really speak to that situation.

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nathanaz t1_jaua1uu wrote

Reply to Kitchens in basements by jt_tesla

Any culture with big families.

I grew up in NY, very common for Italian grandmas to have a full kitchen in the basement for holiday feast prep and bulk food storage.

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nathanaz t1_ja92zg4 wrote

Reply to comment by Unusual-Okra9251 in Who here owns residential and rents it out? thinking of buying a two-family in Rahway as it is getting very cute there. by [deleted]

I just think landlords have a role in the overall market, as not everyone wants to rent a small apt or buy. It’s not really ‘advocating’ as much as it is just accepting the reality of the housing market and that people have preferences. Unethical landlords that try to screw people out of every dime possible are not what I’m talking about - fuck those people. But renting, in general, doesn’t need to be evil. Maybe limits on rent increases, like they do in some cities, would be in order throughout the country.

As far as airbnb and the like, I feel like short term rentals in residential areas are destroying neighborhoods by creating blocks of houses with transient occupants. I don’t have all the answers, in terms of what to do about it, but those types of arrangements should be addressed, IMO.

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nathanaz t1_ja910sj wrote

Reply to comment by Unusual-Okra9251 in Who here owns residential and rents it out? thinking of buying a two-family in Rahway as it is getting very cute there. by [deleted]

You’re saying only places built specifically as apartments should be rented?

In a scenario where average people can’t buy houses and rent it out for passive income/ equity, who owns the homes that get rented out? Assuming not everyone who wants to rent wants to rent an apartment - some people (like me before I bought) want to rent a house.

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nathanaz t1_ja8w2fr wrote

Reply to comment by Unusual-Okra9251 in Who here owns residential and rents it out? thinking of buying a two-family in Rahway as it is getting very cute there. by [deleted]

I 100% agree that there are people out there getting edged out of the market to buy a house, and that sucks. I’m old enough to have seen a few cycles where the real estate market ebbs and flows, and right now is one of those shitty times for buyers. Has to be completely frustrating.

It seems like there’s a significant and important role for landlords though. Many people (young people, people who move around for jobs, growing families, older folks etc) want to rent and not buy, and I was just curious what the vitriolic ‘landlords are evil’ people thought in terms of that piece of the market should be handled.

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nathanaz t1_ja8v5l3 wrote

Reply to comment by Linenoise77 in Who here owns residential and rents it out? thinking of buying a two-family in Rahway as it is getting very cute there. by [deleted]

Yeah, I hear you. I don’t lease property to anyone, but I think I have a decent understanding of the business model, and I don’t think most of the people who express the ‘landlords are evil’ sentiment understand that landlords are risking their personal capital (in the case of non-corporate owners) so there has to be an incentive (profit) or nobody would ever do it.

I definitely believe that there are tons of unethical landlords and tenants, too. We thought about buying a duplex or triple as an investment but I just didn’t want to deal with all the headaches, such as the things you mention above.

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nathanaz t1_ja8n0ep wrote

Reply to Who here owns residential and rents it out? thinking of buying a two-family in Rahway as it is getting very cute there. by [deleted]

Genuine curiosity here: so many people seem to think landlords are evil and predatory because they charge more in rent than they pay for mortgage/taxes/upkeep etc. Many people also either don’t want or can’t afford to buy, between down payments, desire not to be locked in to one place , whatever.

So, if you don’t want to or can’t afford to save for a down payment and buy, who is it that is supposed to be renting you a place to live, if landlording is evil?

Not trying to vilify or troll, I legit want to know who you think should be risking their capital and renting people houses?

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