people really out here thinking houses maintain themselveshttps://twitter.com/Alysonesque/status/1005989848577073152 …
....are you sure? I have a friend who owns a house, he rents rooms in it but also lives there himself, and the costs of keeping it from falling down (and keeping up with town regulations!) frequently astonish me
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I think rents are probably diverging from costs rapidly in high-cost cities, but I think it also falls off quickly in lower-demand places...I don't think my landlord was making much off my $800 monthly rent in Albany.
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yeah, as demand outstrips supply, the potential to make HUGE margins goes through the roof
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FWIW, it's pretty much common wisdom now in real estate investor circles that the only place to make $$ from *rent* (as opposed to speculation) is non-Coastal, non-HCOL type places now.
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That's fascinating to me. I imagine that in lots of markets the only way you can make money off of rent alone is by letting buildings deteriorate...
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would explain a lot
End of conversation
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