Quote (Hecht55 @ Jan 14 2020 03:53pm)
What I imagine would work in a forced buyout scenario, which is not what I would actually recommend. Would be that a level of governemnt would buy the property at market value, other details would have to be arranged for x years of ownership and variables like money invested. Essentially the government would buy the properties and then other arrangements would have to be made to then get them sold.
Whatvwe should do with lower end residential property in the event where people buy multiple properties is limit the allowed income generated from those additional properties. It makes total sense to expect the rental income to pay for the operation of the property. People shouldn't be profiting off low end property. Those cheap places are only being rented because folks can't save enough money down to buy the POS low end housing to begin with.
That's all I have time think and get to you on jsp.
I have my own POS low end asbestos filled house to fix and pay for lol
Ok so let's say a low end property has a 500$ rent. And costs 50$ in cash to maintain on average (appliances etc). And the mortgage costs 300$. Leaving 150$ as "profit". How is the landlord paid for the time it takes to maintain the property if they aren't allowed the 150$? They just mow the lawn, clean after move out, and shop for and install appliances for free?