posted on Oct, 9 2011 @ 04:24 PM
i owned over 20 properties before i hit 30, at which point i sold em off
why? i hate tenants!
my parents are still landlords of trump caliber,
and i envy anyone who wants to deal with whiny tenants clogged toilets, garbage,recycling, dirty sidewalk FINES galore, fires, damage,depreciation,
haggling for timely payments, defaulted tenants, evictions, etc etc in exchange for paper money.
to me, the liability and burden is way to great. what i see in US is a stark dichotomy between the low percent who own, tend to own alot, and then the
majority who never even think of owning and live their life out paying rent and dont care for providing some good earth for their next of kin, and
thats the problem with america, and historic housing prices and predatory lending are mostly to blame, it goes back to greedy bankers. theres no way
in hell a 7ft wide (!) by 30 feet deep residential townhouse lot in manhattan should cost 20million dollars or a 10 by 10 ft room called an
'apartment' on like the 50th floor somewhere should cost a few million too, but thats how it is just crazy