Who wants to be a landlord now?

[davelj]

[quote=sdrealtor]I dont think we at least not I were questioning risk related to tenants. The risk there is geopolitical and far beyond anyting that exists here[/quote]

So, you feel like you have a good grasp of the geopolitical risk of a country that you can’t spell properly, and by extension we can presume you know virtually nothing about? Duly noted.

[sdrealtor]

Nice, attack the poster and iPhone typo not the point. Duly noted.

[davelj]

[quote=sdrealtor]Nice, attack the poster and iPhone typo not the point. Duly noted.[/quote]

C’mon now… that wasn’t a typo. You just didn’t know how to spell the country Colombia. It’s no coincidence that the “o” rhymes with the “u”. No biggee – these things happen. In such cases, however, it’s best to just acknowledge the limits of your knowledge on the subject. I don’t know much about Ghana, for example. So, I don’t offer up my opinions on investing in Ghana. And that, really, is the point.

[sdrealtor]

Oops he did it again! Attacking the poster instead of addressing the point. That’s not the point at all. The point would be addressing that the Geo political risk in Columbia are lower than the risks here. oh I did it again too. I know the proper spelling of the country I just dictate voice text many of my posts these days while out on my daily 5 to 10 mile walk. I’m on one right now. Such a beautiful day

So when you find the time and the inclination how about explaining how the Geo political risks in California outweigh boats in Columbia. Oops I did it again

[davelj]

[quote=sdrealtor]Oops he did it again! Attacking the poster instead of addressing the point. That’s not the point at all. The point would be addressing that the Geo political risk in Columbia are lower than the risks here. oh I did it again too. I know the proper spelling of the country I just dictate voice text many of my posts these days while out on my daily 5 to 10 mile walk. I’m on one right now. Such a beautiful day

So when you find the time and the inclination how about explaining how the Geo political risks in California outweigh boats in Columbia. Oops I did it again[/quote]

Well, you already know everything so there’s no point in explaining it, right? No idea whether the boats in California outweigh those in Columbia or Colombia. Your iPhone might know the answer.

[sdrealtor]

“those” not “boats” LOL damn iPhone voice to text.

And you did it again. I didnt claim to know everything. You brought a claim that you’d never invest in CA as part as your sell everything before its too late proclamation. Then you said you’re invested in Colombia which most reasonable people would consider high risk. I’ll add that an 11% unleveraged real estate in a South American country with a history of unrest raises the stakes even higher. One can find 8 to 10% leveraged return on real estate with potential appreciation bringing higher total return rates without much difficulty stateside. Call me crazy but it makes no sense to me.

You know what we say around here about everyone else. I just asked you to provide that.

Nice to be back on the desktop:)

[scaredyclassic]

i am not sure the US is politically stable.

[Escoguy]

I’ve owned a house in Russia going on 17 years. Same tenant for 13 years, we’ve been through 3 economic crisis already, the US had two of them.

In general owning a foreign property can be very rewarding if done correctly.

The rent I earned in Russia allowed me to buy four more homes in San Diego back in 2013.

Rents in Moscow are lower now. I can’t imagine they are so high in Columbia but you never know.

Side note, we had a tenant give notice in 4S in our smaller unit there, but found a new one in 2 days. So demand is there, I still think many landlords aren’t so responsive.

For my next one, the seller finally declared bankruptcy today, so hopefully will close on that in 90 days. Learning a few new things so far but it looks good.

[sdrealtor]

Im guessing ya got family in Russia. That makes a difference owning property out of the area and especially out of the country

[scaredyclassic]

how did all the russian property get divvied up when the soviet union fell? or was it all in private hands prior to that?

[gzz]

“how did all the russian property get divvied up when the soviet union fell? ”

The big assets went to “oligarchs” in corrupt auctions. Some state assets were privatized by sending all Russian citizens shares of their stock, which they sold too cheaply rather than hold on to.

Russia is poor outside of its big cities, has a declining population, and lots of hideous communist apartment megaprojects.

Thatcher privatized a fair amount of public housing in England by selling it to the residents at a subsidized price.

It looks like Russia mostly gave the apartments away for free to their long-time residents. According to this article, about 20% of them refused to take them because they prefer being public housing tenants for various reasons.

https://blogs.elenasmodels.com/en/russians-become-home-owners-free/

[Escoguy]

My wife is from Ukraine so that’s an almost.
It does have an impact as at a practical level they would treat her as one of them.

[Escoguy]

You became the owner of the place you were living in which created winners and relatively larger winners. Mostly the Soviet apartments. The do require some maintenance and have a mixed history but still offer value.

We bought a new construction townhouse outside of Moscow. There aren’t many of these, gated community etc.

[sdrealtor]

[quote=Escoguy]You became the owner of the place you were living in which created winners and relatively larger winners. Mostly the Soviet apartments. The do require some maintenance and have a mixed history but still offer value.

We bought a new construction townhouse outside of Moscow. There aren’t many of these, gated community etc.[/quote]

Nice man congrats on that big win but probably not replicable for the average American

[sdrealtor]

[quote=gzz]”how did all the russian property get divvied up when the soviet union fell? ”

The big assets went to “oligarchs” in corrupt auctions. Some state assets were privatized by sending all Russian citizens shares of their stock, which they sold too cheaply rather than hold on to.

Russia is poor outside of its big cities, has a declining population, and lots of hideous communist apartment megaprojects.

Thatcher privatized a fair amount of public housing in England by selling it to the residents at a subsidized price.

It looks like Russia mostly gave the apartments away for free to their long-time residents. According to this article, about 20% of them refused to take them because they prefer being public housing tenants for various reasons.

https://blogs.elenasmodels.com/en/russians-become-home-owners-free/%5B/quote%5D
I loved your article is on a mail order bride blog

[Author]

Posts