man wtf does a trailer park landlord even do, other than leech off poor people? isn't it basically a parking lot for trailers? https://twitter.com/smotus/status/1319142601014951936 …
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Replying to @Nymphomachy
They provide the utility hookups, but yeah even compared to normal landlords a trailer park landlord mostly gets money for nothing
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Replying to @arthur_affect @Nymphomachy
It's a very pure demonstration that real estate investing is really about land, not houses (which is what the famous "location, location, location" aphorism boils down to)
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Replying to @arthur_affect @Nymphomachy
It's kind of interesting how it feels like talking about land as a tradeable commodity has been culturally discouraged for a while. Feels vaguely conspiratorial.
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It's an unusual commodity, too, because it can't be moved (obviously) and is unique in each instance, despite being plentiful. So there's a lot of complexity in the related economics.
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But it feels like there was this cultural shift where for at least a portion of the population talking about buying it, or building things on purchased land, was Archaic and Not Done. Its History Stuff. You're "supposed" to buy/rent *houses*.
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I mean I guess The easiest money to make in real estate and the market that most impinges on people's lives is residential and has been for a long time
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Replying to @arthur_affect @loudpenitent and
It is true that developed property jumps up in value over undeveloped land by a LOT, and exploiting this inefficiency is how developers, house flippers and landlords all get their profit margin (the house adds more money to the land than it took to put in to build/improve it)
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Replying to @arthur_affect @loudpenitent and
But at the same time we all know that the physical house, itself, cannot be an appreciating asset any more than any other physical manufactured thing usually is - houses deteriorate over time with wear and tear, the technology in them goes obsolete as we learn to build better
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And the illusion that it's the "house" that really appreciates and not the lot underneath it does obscure a lot of the economic realities of how all this works
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Yeah!
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