Apartment Complex Owners - Society's Biggest Fools ?

Discussion in 'Clean Debate Zone' started by protectionist, Oct 20, 2014.

  1. Esmeralda
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    Esmeralda Diamond Member

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    As far back as I can remember, like 40 years, it has ALWAYS been the case that your rent/mortgage should be no more than 1/3 of your take home income. Yep. You are just way off.
     
  2. JoeB131
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    JoeB131 Diamond Member Gold Supporting Member Supporting Member

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    I used to own a rental property.

    I will never own another rental property again. Too much hassle, you get dragged into their problems, and you usually end up losing money.
     
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  3. Asclepias
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    Asclepias Diamond Member

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    I'm glad you finally admitted you were low income and thats why you are against AA. This is priceless. Now you think asking for 3 times the rent is a bad thing. Its to protect the owner and has the effect of also protecting the the tenant.
     
  4. Asclepias
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    Asclepias Diamond Member

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    Invest in a property management firm and write off the cost.
     
  5. jwoodie
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    jwoodie Gold Member Supporting Member

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    Ever heard of ROI?
     
  6. Asclepias
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    Asclepias Diamond Member

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    Yes. Before you invest in a property the cost of property management should be factored in. If you dont understand the positive ROI of having a property management firm maybe you should sit this one out.
     
  7. protectionist
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    protectionist Platinum Member

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    That's not what I'm talking about here. You're OFF TOPIC.
     
  8. protectionist
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    protectionist Platinum Member

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    I feel like I'm talking to an insane person. None of what you just said makes any sense. Absolutely NONE of it.

    1. Finally ? :laugh: I have many times (for years) mentioned that I am low income, and that has absolutely nothing to do with affirmative action. I was just as opposed to it in the 1980s when I made over $100K/year (in 1980s dollars). You can excuse AA until you're blue in the face. You'll always be wrong, and everyone knows it.

    2. 3X times rent does NOT protect the owner, as I explained clearly in the OP. No re-explanation is needed.

    3. 3X rent doesn't protect the tenant. It makes the most reliable tenants unable to rent.

    4. I wonder why I bother responding to your idiotic posts. I mean really. :rolleyes-41:
     
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  9. WinterBorn
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    WinterBorn Platinum Member

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    Until the cats multiply and create a whole new set of problems.
     
  10. WinterBorn
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    WinterBorn Platinum Member

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    Actually, her comment was dead on topic. The 1/3 rule has been around for a very, very long time.
     
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