[Sp5]

(01-30-2014 09:46 AM)ElJefe Wrote:  

. . . . In addition, buying up property would be good for the housing market. I can easily see how more rental properties and professional real estate investors could be an improvement over the previous situation where everyone was acting like mini PE investors. More rental properties is good for labor mobility, which we will be needing a lot of the coming decade given the need for economic readjustment. . . . .

Nah, I don't see massive consolidation of the housing market under a few big financiers and a corresponding decline in home ownership as a good thing.

(01-30-2014 10:34 AM)el mechanico Wrote:  

(01-30-2014 09:10 AM)bacon Wrote:  

You have to be crazy to rent to section 8 tenants.

Yeah but when the Gov check was showing up on time every month he thought he had it made and probably bragged about it.

Rent to section 8ers: Bulletproof house! Block, terazzo or tile. Cheap reliable appliances.

It's even tougher to rent to non-section 8: they don't pay, lose their job, make your life hell and withhold rent for minor shit.