exterrestrial

5 ms·

1.
by exterrestrial 7y ago
Citing Japan only further proves my point. Property values don’t appreciate the same in Japan because, and one reason is that they don’t have a finance industry that allows them to. Land owners cannot get rich by mere property appreciation
2.
by exterrestrial 7y ago
As I said, rents are higher than ever before. Why should renters care if investors are exploiting them for as much profit as they originally wanted to? My point stands: rents are higher than ever before. Not lower.
3.
by exterrestrial 7y ago
When investors buy property, they almost always intend to raise it’s value to increase their profit. That’s how this works. They very often tear down affordable units and build luxury ones, because the YIMBY policies peculiarly never take i
4.
by exterrestrial 7y ago
You can’t compare cars to real estate and property. For one, most property and real estate appreciates in market value on it’s own. This makes spec construction viable, and why most new apartment buildings in expensive cities are ”luxury” u
5.
by exterrestrial 7y ago
>The first acquisition was funded by a loan from my parents for $44K. Thanks for being honest. It might help to put this in the first comment though.
6.
by exterrestrial 7y ago
>It's good for the people "on the margins", those struggling to pay rent, or those at risk of homelessness, or those who might like to move to a more productive place for a better job. Please cite at lease one example in w
7.
by exterrestrial 7y ago
Reddit is easily the best model for social media, if only the software was better. The key is prioritizing community over individuals. Subreddit admins have a ton of freedom, so long as a very small bit of their energy goes toward a few bas
8.
by exterrestrial 7y ago
Have the right parents who send you to the right private school where you fit in with the right crowd.