Have rentals and have been selling them off when I can. A few left fortunately they've been paying their rent.
I never want to be in the landlord bidness ever. I know I'm dumb and pour but I don't have the patience for it. A man's gotta know his limitations.
You aren’t dumb. You’re actually thinking ahead. The landlord business is still very profitable over time once you consider the free equity you build through rent payments. However...that will soon change. Once more and more states implement rent increase caps and more and more tenant friendly eviction policies, the residential landlord business will dry up. Commercial will still be the way to go, but it’s difficult to have the funds to go right into it. You might have to be part of a partnership first.
It will actually be a great time in the near future to buy a vacation home. As the residential landlord business falters, the housing prices will as well. Opening up a great opportunity to purchase a secondary beach house, lake cabin, farm cottage, or a mountain getaway, at a better price.
Thats my hope and my goal. Buy that beach house in a couple years and rent out my country home in Arlington. Working at a grocery store I have access to a bunch of twenty and thirty somethings that would be very interested in renting a house with property where they can garden, have a big dog, build a bon fire, blow off fireworks, shoot guns, or nestle in next to the wood stove on a cold winter night while paying a little less than they do for their shitty apartment in Everett or Lynnwood. When the housing market rises again after that, I sell the Arlington house and pocket the cash. I'm with Yellow, I don't want to be a landlord for long. Just long enough for the market to crash and rebuild.
Basically my plan. The Seattle house is paid off. I'm breaking ground on a very nice Chelan house (I already own the dirty) and will float that myself on current income. Last of the munchkins is graduating college this spring, and the Creep is all of a sudden very liquid again.
I will also inherit an island place in warm weather climes. Winter there, Summer/Fall in Chelan, and have someone pay me through the ass to live in my Seattle place.
Despite what you're all saying, I know more people than I can count who have been saying "San Francisco is going to hell in a hand basket" for 20+ years. And, still, property values there and in surrounding communities have gone up exponentially in that tim. Seattle is not goign to burn up and blow away. It just won't!!!
While I can intellectually acknowledge that Cali is paradise lost and all the things that make it so, unlike 99% of people, I've never had any pull towards it. The culture isn't me, either in the north or the south. I'm more of an east coast animal at heart and vibe better back there. So my west coast is best coast self likes the PNW, and that's where I'll anchor because that's where the grandkids will be. But I want to winter elsewhere than in the west, even though that doesn't make a lot of sense.
Have rentals and have been selling them off when I can. A few left fortunately they've been paying their rent.
I never want to be in the landlord bidness ever. I know I'm dumb and pour but I don't have the patience for it. A man's gotta know his limitations.
You aren’t dumb. You’re actually thinking ahead. The landlord business is still very profitable over time once you consider the free equity you build through rent payments. However...that will soon change. Once more and more states implement rent increase caps and more and more tenant friendly eviction policies, the residential landlord business will dry up. Commercial will still be the way to go, but it’s difficult to have the funds to go right into it. You might have to be part of a partnership first.
It will actually be a great time in the near future to buy a vacation home. As the residential landlord business falters, the housing prices will as well. Opening up a great opportunity to purchase a secondary beach house, lake cabin, farm cottage, or a mountain getaway, at a better price.
Thats my hope and my goal. Buy that beach house in a couple years and rent out my country home in Arlington. Working at a grocery store I have access to a bunch of twenty and thirty somethings that would be very interested in renting a house with property where they can garden, have a big dog, build a bon fire, blow off fireworks, shoot guns, or nestle in next to the wood stove on a cold winter night while paying a little less than they do for their shitty apartment in Everett or Lynnwood. When the housing market rises again after that, I sell the Arlington house and pocket the cash. I'm with Yellow, I don't want to be a landlord for long. Just long enough for the market to crash and rebuild.
Basically my plan. The Seattle house is paid off. I'm breaking ground on a very nice Chelan House and will float that myself on current income. Last of the munchkins is graduating college this spring, and the Creep is all of a sudden very liquid again.
I will also inherit an island place in warm weather climes. Winter there, Summer/Fall in Chelan, and have someone pay me through the ass to live in my Seattle place.
Despite what you're all saying, I know more people than I can count who have been saying "San Francisco is going to hell in a hand basket" for 20+ years. And, still, property values there and in surrounding communities have gone up exponentially in that tim. Seattle is not goign to burn up and blow away. It just won't!!!
Until it does. They have been predicting a big LA quake for years. Sh*t happens quickly.
Can't do anything about an Earthquake. Where a city goes by way of leadership and money and influence are altogether a different matter. There are a lot more cold hearted capitalist killers in this town than there are city council socialists.
Even if Seattle loses business to Bellevue and the greater eastside, that's like a few miles away. It's not like pulling up stakes and moving east of the mountains. It's like "right over there." There is too much money, influence and infrastructure here that took years to evolve. Five or ten bananas on the city council will not undo all of that.
Like I said, people have been singing this tune about SF for as long as I can remember, and you can't buy a park bench in that city for less than a couple mill. The demand is coming from somewhere; it's not imagined.
Have rentals and have been selling them off when I can. A few left fortunately they've been paying their rent.
I never want to be in the landlord bidness ever. I know I'm dumb and pour but I don't have the patience for it. A man's gotta know his limitations.
You aren’t dumb. You’re actually thinking ahead. The landlord business is still very profitable over time once you consider the free equity you build through rent payments. However...that will soon change. Once more and more states implement rent increase caps and more and more tenant friendly eviction policies, the residential landlord business will dry up. Commercial will still be the way to go, but it’s difficult to have the funds to go right into it. You might have to be part of a partnership first.
It will actually be a great time in the near future to buy a vacation home. As the residential landlord business falters, the housing prices will as well. Opening up a great opportunity to purchase a secondary beach house, lake cabin, farm cottage, or a mountain getaway, at a better price.
Thats my hope and my goal. Buy that beach house in a couple years and rent out my country home in Arlington. Working at a grocery store I have access to a bunch of twenty and thirty somethings that would be very interested in renting a house with property where they can garden, have a big dog, build a bon fire, blow off fireworks, shoot guns, or nestle in next to the wood stove on a cold winter night while paying a little less than they do for their shitty apartment in Everett or Lynnwood. When the housing market rises again after that, I sell the Arlington house and pocket the cash. I'm with Yellow, I don't want to be a landlord for long. Just long enough for the market to crash and rebuild.
Basically my plan. The Seattle house is paid off. I'm breaking ground on a very nice Chelan house (I already own the dirty) and will float that myself on current income. Last of the munchkins is graduating college this spring, and the Creep is all of a sudden very liquid again.
I will also inherit an island place in warm weather climes. Winter there, Summer/Fall in Chelan, and have someone pay me through the ass to live in my Seattle place.
Despite what you're all saying, I know more people than I can count who have been saying "San Francisco is going to hell in a hand basket" for 20+ years. And, still, property values there and in surrounding communities have gone up exponentially in that tim. Seattle is not goign to burn up and blow away. It just won't!!!
While I can intellectually acknowledge that Cali is paradise lost and all the things that make it so, unlike 99% of people, I've never had any pull towards it. The culture isn't me, either in the north or the south. I'm more of an east coast animal at heart and vibe better back there. So my west coast is best coast self likes the PNW, and that's where I'll anchor because that's where the grandkids will be. But I want to winter elsewhere than in the west, even though that doesn't make a lot of sense.
I get it. Roth was wrong about Batista and Castro. But I'm a lot fucking smarter than Hymen Roth.
Unfortunately, there are a lot more idiots than cold hearted capitalists. The capitalists will just move - for now. The mob is controlled by commies. They are free to loot and destroy. Any capitalist who offers up some resistance will be the "criminal". Look at the McCloskeys. Detroit in 1960 had more millionaire cold heated capitalists than NYC. Ten years later Detroit was dead.
Unfortunately, there are a lot more idiots than cold hearted capitalists. The capitalists will just move - for now. The mob is controlled by commies. They are free to loot and destroy. Any capitalist who offers up some resistance will be the "criminal". Look at the McCloskeys. Detroit in 1960 had more millionaire cold heated capitalists than NYC. Ten years later Detroit was dead.
I always thought Detroit died because the Big 3 lost the ability to print money and bloated themselves on pension and other db liabilities and then ran straight into the freight train known as the affordable (and better) Japanese import. Even when run by politically corrupt sleeze, a wealthy city is tough to bring down.
Let's put it this way. I don't have any inherent affection for Seattle other than I like it here (except for the weather 9/12ths of the year). I'm not selling and I don't agree with anything the retarded city council does.
I also disagree that the idiots outnumber the non-idiots. The idiots are louder and, especially in a vulnerable time, take advantage and go out and get their ya yas out.
In 1983, you would have thought drug runners and other criminals outnumbered non-drug runners and other criminals in Miami; but they didn't. The former is just more noticeable and, at times, express themselves more loudly.
Seattle is populated by mostly normal people. It doesn't make for fun Tug talk; but it's the truth. Most people don't want to burn shit down.
"Seattle is populated by mostly normal people. It doesn't make for fun Tug talk; but it's the truth. Most people don't want to burn shit down." - CC
That may be true, but the prototypical Passive-Aggressive Seattleite won't visibly stick their neck out very often. Instead, they'll save their pennies and buy their way into private schools, clubs or neighborhoods across the lake.
120k signatures on the SPOG "StopDefundingPolice" Petition is a good sign that the crazies have shot their wads and people are sick of the bullshit. But it's still going to face a fight against the loud, jobless, free-shit army that fills the City Council Chambers daily.
Have rentals and have been selling them off when I can. A few left fortunately they've been paying their rent.
I never want to be in the landlord bidness ever. I know I'm dumb and pour but I don't have the patience for it. A man's gotta know his limitations.
You aren’t dumb. You’re actually thinking ahead. The landlord business is still very profitable over time once you consider the free equity you build through rent payments. However...that will soon change. Once more and more states implement rent increase caps and more and more tenant friendly eviction policies, the residential landlord business will dry up. Commercial will still be the way to go, but it’s difficult to have the funds to go right into it. You might have to be part of a partnership first.
It will actually be a great time in the near future to buy a vacation home. As the residential landlord business falters, the housing prices will as well. Opening up a great opportunity to purchase a secondary beach house, lake cabin, farm cottage, or a mountain getaway, at a better price.
Thats my hope and my goal. Buy that beach house in a couple years and rent out my country home in Arlington. Working at a grocery store I have access to a bunch of twenty and thirty somethings that would be very interested in renting a house with property where they can garden, have a big dog, build a bon fire, blow off fireworks, shoot guns, or nestle in next to the wood stove on a cold winter night while paying a little less than they do for their shitty apartment in Everett or Lynnwood. When the housing market rises again after that, I sell the Arlington house and pocket the cash. I'm with Yellow, I don't want to be a landlord for long. Just long enough for the market to crash and rebuild.
Basically my plan. The Seattle house is paid off. I'm breaking ground on a very nice Chelan house (I already own the dirty) and will float that myself on current income. Last of the munchkins is graduating college this spring, and the Creep is all of a sudden very liquid again.
I will also inherit an island place in warm weather climes. Winter there, Summer/Fall in Chelan, and have someone pay me through the ass to live in my Seattle place.
Despite what you're all saying, I know more people than I can count who have been saying "San Francisco is going to hell in a hand basket" for 20+ years. And, still, property values there and in surrounding communities have gone up exponentially in that tim. Seattle is not goign to burn up and blow away. It just won't!!!
While I can intellectually acknowledge that Cali is paradise lost and all the things that make it so, unlike 99% of people, I've never had any pull towards it. The culture isn't me, either in the north or the south. I'm more of an east coast animal at heart and vibe better back there. So my west coast is best coast self likes the PNW, and that's where I'll anchor because that's where the grandkids will be. But I want to winter elsewhere than in the west, even though that doesn't make a lot of sense.
I get it. Roth was wrong about Batista and Castro. But I'm a lot fucking smarter than Hymen Roth.
Nah @creepycoug .... this is about you liking the tropics.
Bill's parents and ex are/were landlords. Part of my UW tuition was paid by tenant rent.
It's a lot of work, dripping faucets, fix the fence, the hot water heater doesn't work etc. We need a new fridge. I once collected rent from a smoking hot blonde who was habitually late because Bill's folks were in Italy. She brought her meathead boyfriend though. Bill wasn't pleased.
Hey, Brandon Leyritz, shut the fuck up. You gambled, you lost. The risks were always there whether you saw them or not.
Nobody should bail you out. Be thankful you live in the US where there is no debtors prison. Stalling your financial wipeout only hurts you at this point.
Call Softy and ask him to ask his Rent-A-State experts for a couple of BK attorney referrals, make the call, give it all back and start over.
You sound like an asshole. And a loser. And a leech.
Trifecta. Congrats.
Live by leverage, die by leverage.
Leverage? The guy is providing housing that the government can never provide.
Here is the bottom line. The small scale landlords out there are being killed by regulations, on top of the bans on evictions and rent increases right now. Small landlords sell their units and, guess what, they aren't a rental in the future. Single family rental stock in Seattle is going to plummet (those become owner-occupied). The duplex to fourplex size lots have also all been upzoned so when the small landlords sell those they're scraped by a developer and million dollar townhomes take their place. It's all a disaster.
I only mentioned reits due to him jot wanting to maintain the house. They aren't perfect especially now, but I am sure there are some good ones out there.
Hey, Brandon Leyritz, shut the fuck up. You gambled, you lost. The risks were always there whether you saw them or not.
Nobody should bail you out. Be thankful you live in the US where there is no debtors prison. Stalling your financial wipeout only hurts you at this point.
Call Softy and ask him to ask his Rent-A-State experts for a couple of BK attorney referrals, make the call, give it all back and start over.
You sound like an asshole. And a loser. And a leech.
Trifecta. Congrats.
Live by leverage, die by leverage.
Leverage? The guy is providing housing that the government can never provide.
Weakest sisters fallout first in every downturn. Same as it ever was.
Hey, Brandon Leyritz, shut the fuck up. You gambled, you lost. The risks were always there whether you saw them or not.
Nobody should bail you out. Be thankful you live in the US where there is no debtors prison. Stalling your financial wipeout only hurts you at this point.
Call Softy and ask him to ask his Rent-A-State experts for a couple of BK attorney referrals, make the call, give it all back and start over.
You sound like an asshole. And a loser. And a leech.
Trifecta. Congrats.
Live by leverage, die by leverage.
Leverage? The guy is providing housing that the government can never provide.
Weakest sisters fallout first in every downturn. Same as it ever was.
T’s & p’s.
What do you think happens to the renters in these situations? You are truly a fucking moron.
"Seattle is populated by mostly normal people. It doesn't make for fun Tug talk; but it's the truth. Most people don't want to burn shit down." - CC
That may be true, but the prototypical Passive-Aggressive Seattleite won't visibly stick their neck out very often. Instead, they'll save their pennies and buy their way into private schools, clubs or neighborhoods across the lake.
120k signatures on the SPOG "StopDefundingPolice" Petition is a good sign that the crazies have shot their wads and people are sick of the bullshit. But it's still going to face a fight against the loud, jobless, free-shit army that fills the City Council Chambers daily.
I hear all that. It's a problem. We? have a problem here. I'm not in denial. But this idea that the Duck interlopers try and pass off that Seattle is imminently going to look like Berlin with the Red Army surging in is a little, or a lot, premature.
Those passive-aggressive Seattlites, especially the ones with big money, and there are a lot of those as you know, will turn into aggressive-aggressive Seattlites when the fight comes to their front porch. Get too close to their nut and even the do-gooders will punch back.
Anything is possible; but I score it now as unlikely.
"Seattle is populated by mostly normal people. It doesn't make for fun Tug talk; but it's the truth. Most people don't want to burn shit down." - CC
That may be true, but the prototypical Passive-Aggressive Seattleite won't visibly stick their neck out very often. Instead, they'll save their pennies and buy their way into private schools, clubs or neighborhoods across the lake.
120k signatures on the SPOG "StopDefundingPolice" Petition is a good sign that the crazies have shot their wads and people are sick of the bullshit. But it's still going to face a fight against the loud, jobless, free-shit army that fills the City Council Chambers daily.
I hear all that. It's a problem. We? have a problem here. I'm not in denial. But this idea that the Duck interlopers try and pass off that Seattle is imminently going to look like Berlin with the Red Army surging in is a little, or a lot, premature.
Those passive-aggressive Seattlites, especially the ones with big money, and there are a lot of those as you know, will turn into aggressive-aggressive Seattlites when the fight comes to their front porch. Get too close to their nut and even the do-gooders will punch back.
Anything is possible; but I score it now as unlikely.
So the guy who clocked that skinny little Antifa fucker near Victory Heights is the true "Seattle Man?" Let's hope so.
Bill's parents and ex are/were landlords. Part of my UW tuition was paid by tenant rent.
It's a lot of work, dripping faucets, fix the fence, the hot water heater doesn't work etc. We need a new fridge. I once collected rent from a smoking hot blonde who was habitually late because Bill's folks were in Italy. She brought her meathead boyfriend though. Bill wasn't pleased.
My uncle owns a shit-load of rentals and that's his only bitch.
"Seattle is populated by mostly normal people. It doesn't make for fun Tug talk; but it's the truth. Most people don't want to burn shit down." - CC
That may be true, but the prototypical Passive-Aggressive Seattleite won't visibly stick their neck out very often. Instead, they'll save their pennies and buy their way into private schools, clubs or neighborhoods across the lake.
120k signatures on the SPOG "StopDefundingPolice" Petition is a good sign that the crazies have shot their wads and people are sick of the bullshit. But it's still going to face a fight against the loud, jobless, free-shit army that fills the City Council Chambers daily.
I hear all that. It's a problem. We? have a problem here. I'm not in denial. But this idea that the Duck interlopers try and pass off that Seattle is imminently going to look like Berlin with the Red Army surging in is a little, or a lot, premature.
Those passive-aggressive Seattlites, especially the ones with big money, and there are a lot of those as you know, will turn into aggressive-aggressive Seattlites when the fight comes to their front porch. Get too close to their nut and even the do-gooders will punch back.
Anything is possible; but I score it now as unlikely.
So the guy who clocked that skinny little Antifa fucker near Victory Heights is the true "Seattle Man?" Let's hope so.
"Seattle is populated by mostly normal people. It doesn't make for fun Tug talk; but it's the truth. Most people don't want to burn shit down." - CC
That may be true, but the prototypical Passive-Aggressive Seattleite won't visibly stick their neck out very often. Instead, they'll save their pennies and buy their way into private schools, clubs or neighborhoods across the lake.
120k signatures on the SPOG "StopDefundingPolice" Petition is a good sign that the crazies have shot their wads and people are sick of the bullshit. But it's still going to face a fight against the loud, jobless, free-shit army that fills the City Council Chambers daily.
I hear all that. It's a problem. We? have a problem here. I'm not in denial. But this idea that the Duck interlopers try and pass off that Seattle is imminently going to look like Berlin with the Red Army surging in is a little, or a lot, premature.
Those passive-aggressive Seattlites, especially the ones with big money, and there are a lot of those as you know, will turn into aggressive-aggressive Seattlites when the fight comes to their front porch. Get too close to their nut and even the do-gooders will punch back.
Anything is possible; but I score it now as unlikely.
So the guy who clocked that skinny little Antifa fucker near Victory Heights is the true "Seattle Man?" Let's hope so.
"Seattle is populated by mostly normal people. It doesn't make for fun Tug talk; but it's the truth. Most people don't want to burn shit down." - CC
That may be true, but the prototypical Passive-Aggressive Seattleite won't visibly stick their neck out very often. Instead, they'll save their pennies and buy their way into private schools, clubs or neighborhoods across the lake.
120k signatures on the SPOG "StopDefundingPolice" Petition is a good sign that the crazies have shot their wads and people are sick of the bullshit. But it's still going to face a fight against the loud, jobless, free-shit army that fills the City Council Chambers daily.
I hear all that. It's a problem. We? have a problem here. I'm not in denial. But this idea that the Duck interlopers try and pass off that Seattle is imminently going to look like Berlin with the Red Army surging in is a little, or a lot, premature.
Those passive-aggressive Seattlites, especially the ones with big money, and there are a lot of those as you know, will turn into aggressive-aggressive Seattlites when the fight comes to their front porch. Get too close to their nut and even the do-gooders will punch back.
Anything is possible; but I score it now as unlikely.
I can’t speak for Seattle, but after the BLM protests in Bellevue turned into anarchy/looting (I lived six blocks away from where that all went down) I was floored by how quickly the nearby residents started putting up street barricades and had dudes with guns in front of them. I don’t know if the neighborhood watch had suddenly militarized or someone had the foresight to book security teams in advance.
Either way, those people weren’t going to take any shit.
"Seattle is populated by mostly normal people. It doesn't make for fun Tug talk; but it's the truth. Most people don't want to burn shit down." - CC
That may be true, but the prototypical Passive-Aggressive Seattleite won't visibly stick their neck out very often. Instead, they'll save their pennies and buy their way into private schools, clubs or neighborhoods across the lake.
120k signatures on the SPOG "StopDefundingPolice" Petition is a good sign that the crazies have shot their wads and people are sick of the bullshit. But it's still going to face a fight against the loud, jobless, free-shit army that fills the City Council Chambers daily.
I hear all that. It's a problem. We? have a problem here. I'm not in denial. But this idea that the Duck interlopers try and pass off that Seattle is imminently going to look like Berlin with the Red Army surging in is a little, or a lot, premature.
Those passive-aggressive Seattlites, especially the ones with big money, and there are a lot of those as you know, will turn into aggressive-aggressive Seattlites when the fight comes to their front porch. Get too close to their nut and even the do-gooders will punch back.
Anything is possible; but I score it now as unlikely.
I can’t speak for Seattle, but after the BLM protests in Bellevue turned into anarchy/looting (I lived six blocks away from where that all went down) I was floored by how quickly the nearby residents started putting up street barricades and had dudes with guns in front of them. I don’t know if the neighborhood watch had suddenly militarized or someone had the foresight to book security teams in advance.
Either way, those people weren’t going to take any shit.
Comments
Even if Seattle loses business to Bellevue and the greater eastside, that's like a few miles away. It's not like pulling up stakes and moving east of the mountains. It's like "right over there." There is too much money, influence and infrastructure here that took years to evolve. Five or ten bananas on the city council will not undo all of that.
Like I said, people have been singing this tune about SF for as long as I can remember, and you can't buy a park bench in that city for less than a couple mill. The demand is coming from somewhere; it's not imagined.
Pin it and we'll see.
Let's put it this way. I don't have any inherent affection for Seattle other than I like it here (except for the weather 9/12ths of the year). I'm not selling and I don't agree with anything the retarded city council does.
I also disagree that the idiots outnumber the non-idiots. The idiots are louder and, especially in a vulnerable time, take advantage and go out and get their ya yas out.
In 1983, you would have thought drug runners and other criminals outnumbered non-drug runners and other criminals in Miami; but they didn't. The former is just more noticeable and, at times, express themselves more loudly.
Seattle is populated by mostly normal people. It doesn't make for fun Tug talk; but it's the truth. Most people don't want to burn shit down.
That may be true, but the prototypical Passive-Aggressive Seattleite won't visibly stick their neck out very often. Instead, they'll save their pennies and buy their way into private schools, clubs or neighborhoods across the lake.
120k signatures on the SPOG "StopDefundingPolice" Petition is a good sign that the crazies have shot their wads and people are sick of the bullshit. But it's still going to face a fight against the loud, jobless, free-shit army that fills the City Council Chambers daily.
It's a lot of work, dripping faucets, fix the fence, the hot water heater doesn't work etc. We need a new fridge. I once collected rent from a smoking hot blonde who was habitually late because Bill's folks were in Italy. She brought her meathead boyfriend though. Bill wasn't pleased.
T’s & p’s.
Those passive-aggressive Seattlites, especially the ones with big money, and there are a lot of those as you know, will turn into aggressive-aggressive Seattlites when the fight comes to their front porch. Get too close to their nut and even the do-gooders will punch back.
Anything is possible; but I score it now as unlikely.
Either way, those people weren’t going to take any shit.