Comment by therealdrag0

Comment by therealdrag0 3 days ago

Why wouldn’t it be a good house to rent? It’s usually not tourist rental (airbnb), it’s long term living rental (annual lease). Anyone who doesn’t own has to rent an apartment or house.

Theres also a chunk of people who “don’t believe in debt” so even when they have kids and live in a house they rent until they can pay cash. Or there’s young people who get together in a group of 4 and rent a house to share etc etc.

wepple 2 days ago

My understanding of rental properties is that you want to optimize for low costs and low maintenance, low taxes, and maximum rental yield. Those are absolutely not the things I look for in a permanent home. They might happen accidentally, but generally not.

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mousethatroared 2 days ago

If your first home is a condo then it's not so hard.
When my wife got pregnant we were looking to move to a nicer condo. Rent was so high that an equivalent condo's mortgage payments were lower.
We had the down payment saved up so it was a no-brainer.

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therealdrag0 2 days ago

I know a lot of people who have extra property they own to rent. Mostly it’s about diversification and believing that appreciation of the asset will ensure profitability even if the margins from taxes and rents is low.

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