call me naive but for some reason I always just assumed that rents were ~= mortgage payments, and that landlords didn't make take-home cash from rentals (only paid off mortgages - which is still fucked if you think about it) seeing it phrased like this is like…oh.https://twitter.com/FaithNaff/status/1241190214497951750 …
-
-
Replying to @jongold
Rent has to be higher than mortgage payments due to: landlords needing to pay mortgage between renters, household maintenance costs, etc. Actually very easy to lose money if you bought it with a mortgage, due to the above things wiping out small margins. Hope to break even.
1 reply 0 retweets 1 like
If you're rich enough to buy it with a very small mortgage it's a very different situation which would allow you to make money.
11:42 AM - 21 Mar 2020
0 replies
0 retweets
1 like
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.