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I'm looking for a job... Please help...
Hi Guys, I am 5.5 years Java Developer and I have offer from JPMorgan Chase and Walmart .
Jpmc: 50% on current fixed + jpmc benefits Walmrat: 50% on current fixed + yearly bonus + stocks.
Please help me choose which will be better, mainly looking for brand value, work life balance and yearly hikes.
Bless you PMs.
There is a Part-time contract opportunity available for experienced Web-Engineers (Tech Lead level) (100% remote). Project Client is a Japanese Tech firm.
Flexible hours (~24 hrs/week) and INR 1000-1200 / Hour Pay.
Monthly ~90-100 Hours
Selection Process: 1 Coding Assignment (1.5-2 Hrs. max.) + 1
Interview
Please send profile to hello@lightsapien.com
Detailed JD in the comment. Please don't DM me - only the
folks at the email will be able to clarify
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How to get rid of bloating?
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Chief
Stuck in my head since yday 🥴
Chief
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Chief
So where are people who can’t or don’t want to own a home live? They have to live in rentals and those rentals have to be owned by someone…
Also, appreciation is absolutely not dead money. I'm getting ready to use $300,000 in equity I've gained to improve my home. That is going to provide work to a dozen people for 3-5 months.
Pro
If they can’t afford rent, you think they can afford a mortgage payment and expenses like broken appliances? HAHA
Homeownership is more expensive than renting. I've been a realtor/investor for 16 years and that's a fact. If you're simply referring to a mortgage payment alone and not taxes, insurance, maintenance, repairs, interest, utilities, pest control, ect... Then maybe your monthly rent is cheaper.
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Please don’t forget to pay the rent!
Conversation Starter
Just closed on a rental property!
Do you understand how expensive owning a home is? Let’s not even talk about the mortgage payments. Think about all the annual maintenance, the one-time crazy issue that happen in a house (e.g., water leak in a wall that needs to get fixed), time/money spent landscaping, shoveling the snow, raking leaves, paying taxes, realtor fees, cash required for the down payment when purchasing a house, etc.
I WISH I could rent my current home from someone and take this liability off my hands.
Blackstone and other companies that went out and bought tons of homes with the intent to rent them aren’t great. I can’t get behind punishing people, often middle class, who own some rental homes, though. One of the few ways for them to get ahead and people are heated about it now mainly because the housing market, like the market for many other assets, is distorted due to all the money sloshing around. Also, what about vacation rentals? Not houses in neighborhoods someone rents out on the beach, but actual rental homes someone bought and rents out when not using it. Nobody lives in those full-time and they aren’t displacing people from the housing market (although maybe they shouldn’t build many more of those types of communities).
True. My point is hyperbole, obviously rentals need to exists. My criticism is that the current system has too much profiteering.
I own 4 rentals.
2x of them are right by a college. I rent to college students by the room. I have not raised prices in the time I’ve owned them (10 and 7 years) I acquired them because I bought one as my primary home, rented rooms to friends. Then bought another as my primary. Rented rooms to friends. Then moved cross country. I keep them because they beg me not to sell them. I’m a good landlord and I pay for all utilities. Do I make money? Yes? Are they going to find somewhere else to live better than this? Probably not.
The other one I lease to own, it’s to a man who has cancer and the banks won’t give him a loan
The 4th is a duplex I rent to a family member and the other unit is a tenant I acquired when I bought it who begged to stay. I could have easily raised her rent or made her move but I didn’t.
The problem is not owning investments. The problem is greed. Greed is immoral. But even raising your rent to keep up with inflation to a degree is not wrong. I now rent in the Bay Area. Even with all of my rentals I cannot afford to buy here. The modest home I rent sold for 1 million dollars in 2019. For the life of me I can’t figure out how my landlord is only charging me $3150. With 30% down the mortgage would still be 5000+
We need landlords. If you can afford it, buy a rental, and be good to someone. Change the game. I have let people live rent free for 3-6 months to get back on their feet during natural disasters. It’s very freeing to be able to be good to people.
Appreciate the analysis. Sounds like you’re thoughtful and well intentioned.
Enthusiast
I disagree with OP, but the folks saying “gO lEaRN eCoNOMiCs” actually don’t have clue.
Probably on the peak of mt. stupid:
AD1 for the win. OP appears to be a student of neither history nor legal theory.
As a land lord I see it as I gave someone the opportunity to live in a home/area they may not have been able to afford. Or they needed a short term 1-2-3 year option and at that point it doesn’t make sense to buy. Lastly,
just because you can afford the monthly payment doesn’t mean you can afford to own it.
How do you feel about hotels? What about Airbnb?
Pro
Also. If you think you’re going to get rich alone off your paycheck, you need to invest a personal finance book. Real estate is not the problem. Your mindset is
^^^^
Pro
The US housing shortage is not driven by a lack of permits (though there is a ton of inefficiency in the process). It is driven by builders not wanting to build low cost homes, because they earn low profits and because frankly, most millennials won’t settle on what they’re looking for to save on price. They will however rent more affordable units because it is temporary.
Most buildings that are built to rent are more affordable units than those built to buy.
I do not understand what you are proposing. Disallowing rent will just further decrease growth in supply of affordable units. Price fixing will have the same effect.
Landlords are not evil. I rent my first condo, for a profit, if you told me I had to slash rent it wouldn’t cover the mortgage.
There is no place for morality in the world of capitalism. It's harsh but that's the world we live in and will continue to live in forever. If there is an opportunity to create another income stream, a smart and sophisticated investor will take it in a heartbeat as they should.
OP, you unfortunately aren't one of these investors and will always continue to be a rent paying mule 😂😂😂
Enthusiast
A1, again the point is that the sentiment makes no sense. There are a couple of simple equations about contrapositive that a math or CS student would know, DeMorgan's Theorem, and the original comment is like the C- student's version. Also, substitute the word oligarchy with any other example instead of making the statement ABOUT the example.
I’m not against owing rental property. I’m against rich people from other countries dropping insane amount of money on house that they will never live in or rent.
Pro
Bring more money here and we can tax more money here.
I don’t agree with this. However, I think there should be more rules on owning multiple properties. I feel that people should be able to find a home for their family. It’s a pain in the ass to find a home in SEA right now.
Pro
Say you don’t understand real estate and tax benefits for giving the community housing when the government can’t without saying you don’t understand real estate and tax benefits for giving the community housing when the government can’t 🥴😭
Enthusiast
Google “Georgism”
Capitalism is not perfect but it’s the best we got. Like democracy.
Where my Bernie bros at?!
This is way more complicated than how OP paints it. I understand the sentiment behind it, and often agree. Have had to live in rental places with TERRIBLE landlords. One time the ceiling fell on my son's nursery after we had begged them to come and check it, but hey, it was Superbowl weekend. And then we bought a couple of rental properties, foreclosures were rampant and yes, we wanted an investment to put our money towards.
First. Fixing a home is not nothing. And in some neighborhoods, you are doing the neighborhood a favor, these houses were falling down, getting worse by the day. Being able and willing to put the money and the work is not nothing. And it betters the street for you and the rest of them living there.
Being a landlord is not easy either. Tenants don't always take care of your stuff. That you spent your time and money getting up. Whenever a tenant left a place I always shuddered, and some left it in what I felt was disrespectful state. And sometimes they don't pay. And I'm still on the hook for taxes, insurance and water, and keeping the property up to code. Again, it's not like you are getting money against nothing at all.
Our houses were in struggling neighborhoods so we had struggling tenants. And it's also difficult to do. I kept thinking I'd be a good, respectful landlord, would keep our places in good repair, give all of our tenants a good place to live. Which we did, and is what I'd hoped to get when we were in the other side paying rent. But in exchange we often had to pay for broken walls, and sometimes no rental payment for months. It's hard to continue feeling good about the exchange on those times, and not feel burnt.
Some of the neighbors in one of the streets we had a house wanted us to take over MORE properties. To help fix the street. We ended up selling. The stress was too hard. I felt terrible when tenants couldn't pay and we had to ask them to leave, but a couple of times we even lost money.
What I'm trying to say is, I don't think the beef should be with the activity itself if real estate investment, but how it's done.
My husband and I are considering moving out of state but we don’t know for sure if we will want to stay there forever so while we are gone we will rent our home. By your standards this is immoral… 🙄
Written like someone who has never owned anything
I hope you don't ever rent houses then! My tenants are happy to be renting from me an individual vs a shitty company. I keep my houses nice and filter my tenants to keep my neighbors safe. I offer a valuable service to my community - provide a home and good neighbors.
It’s embarrassing that you think your tenants are happy to be paying your mortgage. Also I’m curious what filters you use to keep neighborhoods safe 👀.