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If you have cash that you want to invest. Please consider Treasury Series I Savings Bond (Electronic). Interest is 7.12% right now. While it's not guaranteed that the 7.12% will remain until next year, it's still a good deal.
My SO and I just invested 20k (10k max per person even married).
https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm
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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.
As a property owner/manager I provide a needed service. We keep our prices low and in line with section 8 regulations. So not only are we contributing to the community, we are enabling affordable housing for people in need.
Ideally who would own the rental properties ?
OP, you're playing with piranhas. No one on this white collar upper class thread is going to have a meaningful discussion about a theory that will pry assets from their moneyed grip.
Enthusiast
Would you rather homelessness?! Most likely renters can’t currently qualify or don’t want a mortgage.