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He’s 14. Kid is going to be growing for another 5 years at least.

>Thats fine and all, except for the assumption that its the tenants house. What about the severe risk you are taking on for the lender? You are not taking that into account at all. The same risk that is now biting them in the ass.

Have you looked at the rate of default on mortgages? It's so laughably small as to be non-existant. We could increase the default rate 10 fold and it would be comically low.

I think the banks will be fine. Their profits might take a negligible hit, but I do not see what giant risk you are worried about.

Now, if you're speaking about the risks being created by massively spiking interest rates, creating risk of mass default, that's a separate issue. TLDR: There are better ways to fight inflation than spiking interest rates.

God and he isn’t a skinny kid either. He ain’t done growing yet…shit

🎶on the road that's where I'll always be🎶

From who?

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>"lenders not scrutinizing if the applicants could afford the monthly payments" - that's exactly what you are advocating.

In fact no, that is not what I said. If you re-read my comments you will see I advocate for reducing the barrier to entry by reducing the required principle to enter.

In simple terms, reducing or eliminating the huge down-payment currently required to buy property. Reduce the cash up front to buy from the current ludicrous 20% to something more manageable, like 1% the value of the property. NOT misrepresentation of income. I deliberately state as such. I do not know how to make that clearer to you. > >Picky landlords will not have a problem. There is a huge undersupply of housing in populated areas. I'm sure you bitch about that too but don't understand the economics.

You're making bold assumptions on comprehension after the mistake you JUST made. And the undersupply is driven by the same landlords buying and hoarding property. Vacancy taxes can help address this issue, and force out the non-productive drag on real estate that is the typical mom n pop landlord.

So like Harry Reid he can prevent Americans from using it then find a way to sell it out from under them

Agreed. Hence the term "at least" in my statement.

Hope cancer is curable. Fuck cancer

I live in a legal weed state and go to a dispensary that’s been open over a year. There is a line out the door.

I don’t know if anyone who doesn’t use weed unless their jobs or medications prohibit it.

He's allowed to kill one person, so long as he does not cause any aggravating circumstances

I know this is hard to reconcile with your own perception of self, but if you own a rental income property, you are wealthy. Quite wealthy in fact. Probably the top 1-5% of people. Take a look at the statistics of average wealth and income from national census data. You may surprise yourself.

Consider, if you sold your property tomorrow, how would your equity VS liability balance out?

In 5 years?

In 10 years?

We both know the longer thing go on, the better that picture looks. And you always have the escape hatch to pull to sell and recover any shortfall of cash. Comparing your position to that of your tenants are completely different worlds.

Thats fine and all, except for the assumption that its the tenants house. What about the severe risk you are taking on for the lender? You are not taking that into account at all. The same risk that is now biting them in the ass.

"lenders not scrutinizing if the applicants could afford the monthly payments" - that's exactly what you are advocating.

Picky landlords will not have a problem. There is a huge undersupply of housing in populated areas. I'm sure you bitch about that too but don't understand the economics.

Violating the rules. Don't talk shit about nice things.

....what you don't realize is a lot of people who own investment properties aren't wealthy. We're likely not talking about a 1000 unit complex here, we're talking about someone who is negatively affected by some freeloader not paying their rent for years. For me, I own a single rental property as a long term investment, but if someone lived there for two years without paying rent and doing that? I'd be in a tough spot.

6'10 with size 23 feet, and he plays on the JV football team.

Must be tough to be a kid on the opposing team.

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It’s in Europe, so there’s at least a chance it doesn’t get buried by the for profit American “healthcare” machine

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9 isn't that old for many dog breeds.

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The mortgage crisis of 2008 was caused by a bunch of idiots trading mortgages blindly, and lenders not scrutinizing if the applicants could afford the monthly payments (or actively giving loans they knew were unaffordable, because in the short term they could be traded publically for a quick buck).

Then when a few mortgage holders defaulted, it became a made scramble of those same investors to prevent losses as a result of their stupid lending practices, resulting in a flurry of foreclosures and general bullshit that devastated the economy.

It had VERY little to do with allowing people favorable buying terms, and everything to do with intentionally setting up people to fail for a quick buck.

Your first two items lead directly to your third. Landlords who are that picky are going to find no tenants. And will be forced to sell. Not sure what your point is?