@chekohler I am interested in hearing more about the normalized extortion opinion. You've got my interest.
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@chekohler I am interested in hearing more about the normalized extortion opinion. You've got my interest.
Posted Using LeoFinance Beta
The way I see it is a piece of land should be used for production, business, farming, something that produces goods and services. Private land where someone buys up a whole bunch of land and holds the next generation hostage isn't exactly productive capacity it extracts value from people without adding to the economy.
It would be different if it was a willing buyer willing seller, but this isn't the case in most cities, you are forced to do it. Pushing people further away from ever owning anything, they will forever be taxed by the renter barons and government and left with a pittance to live on and save.
It's no secret homelessness was rising and is rising in developed nations well before 2020 as they push more people out on the street who cannot keep up with the extortion. I mean it's your property do what you want with it, doesn't mean I agree with it
I am one of the extorted, I have owned 2 homes both lost because I could not keep up with everything on a single budget. Every time I would save a little to invest something would happen and I would deplete it again. until I could no longer beat the odds.
I'm so sorry to hear that, I can only imagine how devastating that must be, I still live in a part of the city that is reasonable but naturally that means you're far away from things like stores and other facilities. I don't think I'll ever be able to afford a home in the city with the prices of homes, wages you can earn and the structure of debt, so naturally, you're forced into the extortion of renting
I tried at both places to rent out a room and was screwed over in the long run cause if/when they decide not to pay rent you can't kick them out and it can take months to kick them out and a lot of money. With proper lease agreements, renters can prevent some time and cost in the long run. but as a struggling single mother of 3 kids, it's impossible. I always had a backup plan albeit not the best of ones at times. We try to make it work and try to build up again and pray the cycle ends.
Yes, I often say that when people tell me oh its easy money get a property and rent it out and I am like no you don't always know the quality of your tenants and its NOT easy money and you also have to maintain the property too.
As for getting them out yes it's another story they also have consumer rights and getting an eviction notice is expensive and many times they don't have the cash or assets to cover the fees and outstanding rent to the owner so you're at a loss
I do hope you will make it through this and that crypto can help, I hope that for myself too