patrick.net

So how do you know which is the more affordable housing option between buying and renting? One indicator is how many people live in your county. Renting is generally more affordable in areas with larger populations, while less-populated counties tend to see buying as the better option, the researchers at Attom found.

In 36 of the 43 counties nationwide that had a population of 1 million or more, renting was the more affordable option. This includes the nation’s largest cities, such as New York, Los Angeles, Chicago, Houston and Phoenix. Additionally, in over two-thirds of the counties with populations greater than 500,000 people, renting was the less costly choice for housing.

That's not to say Renting is Cheap.

This is some good ass pro RE investor propaganda. Mighty fine!

Trump needs to build 10 new boom towns. Pick a couple river towns along the Mississippi and make about 10 new Miami Dade counties.
Every city mentioned in that study would empty out and their shit shacks would drop to an average price of $175K. Even less depending on housing stock available.

Trump needs to build 10 new boom towns. Pick a couple river towns along the Mississippi and make about 10 new Miami Dade counties.

If one could just will boom towns into existence (isn't China trying something like this with the ghost cities?), why not just will the boom towns somewhere in Mexico? I am sure the illegals would prefer Mexico to California if they could get jobs, and the illegals leaving California would free up some housing and rents would thus fall.

One downside to renting: repairs

My uncle rented an apartment and redid the kitchen cabinets at his own expense.

When the landlord saw the nice work my uncle had done, he raised the rent.

I do value add maintenance/repair in lieu of rent increases. Lawn maintenance, snow removal, minor repairs (garage door, building a shed door). I have better luck with female landlords who are relatively well-off. They dig the free stuff that costs $200 a pop if they have to hire out.

Never rent from 1) a corporation/LLC 2) an asshole 3) a landlord with meager means.

Similar to businesses making 'leasehold improvements'. 'Improvements' are sometimes required by the leases, of course, in order to do business, they aren't cheap, and remain with the landlord when the leases are up. Can you say 'triple net'? I don't know what that would amount with renting houses or apartments, except with small scale landlords they probably are most concerned with the tenant not destroying the place on the way out.

Ceffer says

Similar to businesses making 'leasehold improvements'. 'Improvements' are sometimes required by the leases, of course, in order to do business, they aren't cheap, and remain with the landlord when the leases are up. Can you say 'triple net'? I don't know what that would amount with renting houses or apartments, except with small scale landlords they probably are most concerned with the tenant not destroying the place on the way out.

I think it's the latter. Just maintain the property, don't destroy it. Be a steward, not a fucking Section 8 welfare queen.

stereotomy says

I do value add maintenance/repair in lieu of rent increases.

I did once allow that when I was a landlord, but I did not have a tenet like you. The quality of the work was usually abysmal.

Ceffer says

Can you say 'triple net'?

I have only seen triple net on commercial leases, like renting an office, shop, or warehouse.

HeadSet says

I have only seen triple net on commercial leases, like renting an office, shop, or warehouse.

Which is the only thing I'd own or rent in the future. I don't think I could deal with residential tenants again. The entitlement is off the charts with most, not all, especially younger people which tended to be the market where I owned.

A guy I know has about 10 houses and a couple apartment units. He's 6 years younger than me, but looks 50. He does well, but he looks like shit from all the stress. The income isn't high enough to hire a handy man, so he does it all. Still does well, but he can't travel or do a whole lot. It's a 24/7 job.

With commercial you generally can set and forget as long at the checks keep coming in every month. Eviction is easier as well.