About Michael Cooke

Michael Cooke

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Registered Mar 02, 2009

Michael Cooke's most recent comments:

  • On Thu, 23 May 2013, 9:23am PDT in Signs of new housing bubble in several areas, Michael Cooke said:

    I'd like to know what the return really is on being a landlord in this market. Any asset that puts money in your pocket is a good asset. However I'd like to think the cash flow Roberto AKA Sir. Braggart claims is far less than what he would have you believe. Property taxes, rental taxes, insurance, maintenance, interest, PMI (if applicable) non-paying/destructive tenants, cleaning fees, evictions, gaps in tenancy.

    If you purchased the house outright I can see a return. However were it gets fuzzy for me is if you mortgage it to rent.

  • On Thu, 23 May 2013, 8:55am PDT in Signs of new housing bubble in several areas, Michael Cooke said:

    @ robertoaribas

    Anything the government subsidizes or gets involved with causes the price to go up. If the government started giving loans for laptops and computers your computer would cost $20,000.00 instead of $1,100.00 bucks. Same thing with housing and anything related to housing.

    I want the government out of housing. Nobody "deserves" to own a home. People used to pay off their houses in 5-10 years. If the free market was just left alone it would return to its own level. I want ALL government workers with the Department of Housing and Urban Development to get pink slips. I want their buildings and offices CLOSED to be rented out to the private sector.

    I want the government out of housing.

  • On Thu, 23 May 2013, 8:26am PDT in Signs of new housing bubble in several areas, Michael Cooke said:

    "perhaps you might learn how to use google maps? that house is exaclty 2.5 miles from Arizona State University, and a less than 10 minute walk to the light rail station. I rented it for $875 since the day I bought it. factor in HOA of $149 a month, and taxes of under $500 a year."

    Lucky for you the college bubble/student loan bubble is at an all time high.

    Equality! Equality! Equality! Equality!

    Funded by the taxpayer. Because everyone "deserves" to go to college. So now we have equality in education. With student loan debt now exceeding all consumer debt combined. But all those humanities, psychology, liberal arts, sociology and art history students need places to live. So they can graduate $80k in debt and ask if I would like a pastry to go with my coffee.

    Would you like to try our new french roast coffee sir?

    I live in a tall luxury apartment building directly on the beach. My rent is very high. College kids on student loans make up 10-20% of the building. Living it up in a place at he beach. A building the rest of us had to work our asses of for years to rent at. Aren't tax payers generous?

    So Roberto - what about maintenance, insurance, and gaps in tenancy?

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