Doing Airbnb stuff is the way for them. It multiplies their income by 5 compared to classical renting. Some are inherited and other invested in them through bank loans
It all depends on how much the city is growing and if the demand for apartments is on the rise.For example Rio de Janeiro 50-70 years ago was barely a city,all those big buildings you a see along the beach were not there,that land was cheap(in the south zone i mean).All those people that bought land and build there are now multimillionaires.Any kind of building there is worth quite a lot.Rio de Janeiro has the richest neighborhood in latin america and at the same time the poorest ones too nowadays.
Today:
Back in the day:
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Yeah,but that is a bullshit mindset produced by cultural marxism.Its the same as hating people for owning a car and renting it and basically anything that you can own and rent.People that think like that are just salty they dont own any real state.
Landlords do a big down payment along with taking out a massive loan to buy the property, along with having to pay whichever company provides them their electricity, water and gas. The faster the rent money pays off the debt, the faster the landlord can actually profit.
Cutting expenses is the name of the game which is why rent can be so unreasonably high along with being responsible for the utilities. If you can't pay up after the landlord increases rent to cover their own expenses, they can easily kick you out and find another.
Obviously not all landlords are bad, but it's a predatory system that encourages landlords to be greedy.
Airbnb investors are hated because there are places where there are too many. Then hotels get competition and people who live there complain because of these investors that only rent to tourists. Barcelona is known for this. But it’s not the only place.
Would you be better off moving to the surrounding suburbs to save on costs though? It might be worth the commute if it saves you thousands every month. Idk your situation though, for all I know you guys are doing well for yourselves. That cost is just insane to hear.
we're doing well. We thought about going back to queens which is where I'm from, but my wife prefers Manhattan because of convenience. So I'm ok with that.
Agreed. Rich is relative if you think about it. Someone who lives your typical lower middle class life in america might be considered rich to other people because they have access to things that aren't typical in their country. Some of us even take simple things for granted like having access to electricity 24/7, AC, constant running water... things you don't really think about every day.
Benny Johnson is a notorious bigot and a lunatic. Not surprised he'd lie about this. Either way, Joe just looks super checked out, probably doesn't know where he is.
It's relative tho. Our jobs pay more since we live in the city (I had to quit since I started my masters) but we're lucky we make enough to live a comfortable life.
Couldn’t find much on LinkedIn, perhaps I need to look harder
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NYC has its downsides but idk.
Im from the south and I’d like to get out, go see the world.
Also, feel like religion is a big part of my life. It’s kinda the only form of social interaction I get outside of work. And I know NYC has the biggest Jewish population out of like any city in the world, so it would be nice to be a part of that.
Only issue is that I need to have a good job to be able to afford it.
If you own a whole apartment complex then I think it's fair to assume you're probably a POS. If you have two or three properties that you are renting out I don't really see a problem with that. But if your whole shtick is being a landlord then you're definitely profiting off of people's basic needs.
A much more basic need than having a roof over your head is food and water, but I assume you don't think the local deli guy is as much of a POS than your landlord even though he profots off of a much bigger basic need?
A much more basic need than having a roof over your head is food and water, but I assume you don't think the local deli guy is as much of a POS than your landlord even though he profots off of a much bigger basic need?
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