- This topic has 420 replies, 32 voices, and was last updated 15 years, 3 months ago by
maktbone.
-
AuthorPosts
-
May 18, 2009 at 12:58 PM #402033May 18, 2009 at 4:12 PM #401476
CA renter
Participant[quote=CricketOnTheHearth]What I hate is the idea that all these “investors” will run out and snap up the affordable properties before the wannabe homeowners can, then rent them right back to those same people who wanted to buy in the first place. In other words, force people to be renters against their wishes.[/quote]
This is exactly how I feel as well. We have enough money to buy up a few of these distressed properties and rent them out for income, but I have a moral problem with doing so. If we believe communities are better off with owner-occupiers, then it would be best for these people to be able to buy their own homes and improve them as they see fit, instead of having to compete with wannabe landlords and flippers.
Housing is a basic necessity, and even though renting provides shelter, I do not like the concentration of real estate in too few hands.
Disclaimer: We absolutely may buy investment properties at some point in the future, but if we do, we will buy very low so that we can pass the savings on to renters who truly cannot afford to (or shouldn’t) buy.
May 18, 2009 at 4:12 PM #401728Participant[quote=CricketOnTheHearth]What I hate is the idea that all these “investors” will run out and snap up the affordable properties before the wannabe homeowners can, then rent them right back to those same people who wanted to buy in the first place. In other words, force people to be renters against their wishes.[/quote]
This is exactly how I feel as well. We have enough money to buy up a few of these distressed properties and rent them out for income, but I have a moral problem with doing so. If we believe communities are better off with owner-occupiers, then it would be best for these people to be able to buy their own homes and improve them as they see fit, instead of having to compete with wannabe landlords and flippers.
Housing is a basic necessity, and even though renting provides shelter, I do not like the concentration of real estate in too few hands.
Disclaimer: We absolutely may buy investment properties at some point in the future, but if we do, we will buy very low so that we can pass the savings on to renters who truly cannot afford to (or shouldn’t) buy.
May 18, 2009 at 4:12 PM #401960Participant[quote=CricketOnTheHearth]What I hate is the idea that all these “investors” will run out and snap up the affordable properties before the wannabe homeowners can, then rent them right back to those same people who wanted to buy in the first place. In other words, force people to be renters against their wishes.[/quote]
This is exactly how I feel as well. We have enough money to buy up a few of these distressed properties and rent them out for income, but I have a moral problem with doing so. If we believe communities are better off with owner-occupiers, then it would be best for these people to be able to buy their own homes and improve them as they see fit, instead of having to compete with wannabe landlords and flippers.
Housing is a basic necessity, and even though renting provides shelter, I do not like the concentration of real estate in too few hands.
Disclaimer: We absolutely may buy investment properties at some point in the future, but if we do, we will buy very low so that we can pass the savings on to renters who truly cannot afford to (or shouldn’t) buy.
May 18, 2009 at 4:12 PM #402018Participant[quote=CricketOnTheHearth]What I hate is the idea that all these “investors” will run out and snap up the affordable properties before the wannabe homeowners can, then rent them right back to those same people who wanted to buy in the first place. In other words, force people to be renters against their wishes.[/quote]
This is exactly how I feel as well. We have enough money to buy up a few of these distressed properties and rent them out for income, but I have a moral problem with doing so. If we believe communities are better off with owner-occupiers, then it would be best for these people to be able to buy their own homes and improve them as they see fit, instead of having to compete with wannabe landlords and flippers.
Housing is a basic necessity, and even though renting provides shelter, I do not like the concentration of real estate in too few hands.
Disclaimer: We absolutely may buy investment properties at some point in the future, but if we do, we will buy very low so that we can pass the savings on to renters who truly cannot afford to (or shouldn’t) buy.
May 18, 2009 at 4:12 PM #402168Participant[quote=CricketOnTheHearth]What I hate is the idea that all these “investors” will run out and snap up the affordable properties before the wannabe homeowners can, then rent them right back to those same people who wanted to buy in the first place. In other words, force people to be renters against their wishes.[/quote]
This is exactly how I feel as well. We have enough money to buy up a few of these distressed properties and rent them out for income, but I have a moral problem with doing so. If we believe communities are better off with owner-occupiers, then it would be best for these people to be able to buy their own homes and improve them as they see fit, instead of having to compete with wannabe landlords and flippers.
Housing is a basic necessity, and even though renting provides shelter, I do not like the concentration of real estate in too few hands.
Disclaimer: We absolutely may buy investment properties at some point in the future, but if we do, we will buy very low so that we can pass the savings on to renters who truly cannot afford to (or shouldn’t) buy.
May 18, 2009 at 4:27 PM #401486blahblahblah
ParticipantWhat I hate is the idea that all these “investors” will run out and snap up the affordable properties before the wannabe homeowners can, then rent them right back to those same people who wanted to buy in the first place. In other words, force people to be renters against their wishes.
Don’t worry about it — once those “investors” snap up all of the “great deals” and turn them into rentals, guess what, the supply of rentals goes up which of course pushes the price of renting down. These wannabe Donald Trumps will be chasing each other to the bottom in an effort to attract renters — this is especially true of all of the foreclosure stock which is currently withheld from the rental market. In places where there is significant oversupply (downtown SD comes to mind), it is going to be a renter’s paradise for some time to come. I say to those genius investors — “we’ve hit bottom! there’s never been a better time to buy rental properties.”
May 18, 2009 at 4:27 PM #401738ParticipantWhat I hate is the idea that all these “investors” will run out and snap up the affordable properties before the wannabe homeowners can, then rent them right back to those same people who wanted to buy in the first place. In other words, force people to be renters against their wishes.
Don’t worry about it — once those “investors” snap up all of the “great deals” and turn them into rentals, guess what, the supply of rentals goes up which of course pushes the price of renting down. These wannabe Donald Trumps will be chasing each other to the bottom in an effort to attract renters — this is especially true of all of the foreclosure stock which is currently withheld from the rental market. In places where there is significant oversupply (downtown SD comes to mind), it is going to be a renter’s paradise for some time to come. I say to those genius investors — “we’ve hit bottom! there’s never been a better time to buy rental properties.”
May 18, 2009 at 4:27 PM #401970ParticipantWhat I hate is the idea that all these “investors” will run out and snap up the affordable properties before the wannabe homeowners can, then rent them right back to those same people who wanted to buy in the first place. In other words, force people to be renters against their wishes.
Don’t worry about it — once those “investors” snap up all of the “great deals” and turn them into rentals, guess what, the supply of rentals goes up which of course pushes the price of renting down. These wannabe Donald Trumps will be chasing each other to the bottom in an effort to attract renters — this is especially true of all of the foreclosure stock which is currently withheld from the rental market. In places where there is significant oversupply (downtown SD comes to mind), it is going to be a renter’s paradise for some time to come. I say to those genius investors — “we’ve hit bottom! there’s never been a better time to buy rental properties.”
May 18, 2009 at 4:27 PM #402028ParticipantWhat I hate is the idea that all these “investors” will run out and snap up the affordable properties before the wannabe homeowners can, then rent them right back to those same people who wanted to buy in the first place. In other words, force people to be renters against their wishes.
Don’t worry about it — once those “investors” snap up all of the “great deals” and turn them into rentals, guess what, the supply of rentals goes up which of course pushes the price of renting down. These wannabe Donald Trumps will be chasing each other to the bottom in an effort to attract renters — this is especially true of all of the foreclosure stock which is currently withheld from the rental market. In places where there is significant oversupply (downtown SD comes to mind), it is going to be a renter’s paradise for some time to come. I say to those genius investors — “we’ve hit bottom! there’s never been a better time to buy rental properties.”
May 18, 2009 at 4:27 PM #402178ParticipantWhat I hate is the idea that all these “investors” will run out and snap up the affordable properties before the wannabe homeowners can, then rent them right back to those same people who wanted to buy in the first place. In other words, force people to be renters against their wishes.
Don’t worry about it — once those “investors” snap up all of the “great deals” and turn them into rentals, guess what, the supply of rentals goes up which of course pushes the price of renting down. These wannabe Donald Trumps will be chasing each other to the bottom in an effort to attract renters — this is especially true of all of the foreclosure stock which is currently withheld from the rental market. In places where there is significant oversupply (downtown SD comes to mind), it is going to be a renter’s paradise for some time to come. I say to those genius investors — “we’ve hit bottom! there’s never been a better time to buy rental properties.”
May 18, 2009 at 4:37 PM #401501SD Realtor
ParticipantI don’t like to see it either as a potential buyer. However to be 100% honest, I am more envious of these people then anything.
May 18, 2009 at 4:37 PM #401753ParticipantI don’t like to see it either as a potential buyer. However to be 100% honest, I am more envious of these people then anything.
May 18, 2009 at 4:37 PM #401985ParticipantI don’t like to see it either as a potential buyer. However to be 100% honest, I am more envious of these people then anything.
May 18, 2009 at 4:37 PM #402044ParticipantI don’t like to see it either as a potential buyer. However to be 100% honest, I am more envious of these people then anything.
-
AuthorPosts
- You must be logged in to reply to this topic.