Sell it and your first place then MOVE. Staying in a location where you say you're barely surviving and where you complain housing is costs are too high isn't helping. It's whining. Interesting thing is you want the rules to change to benefit YOU. How selfish is that.
"Intergenerational Injustice"
- Thread starter cawacko
- Start date
Sell it and your first place then MOVE. Staying in a location where you say you're barely surviving and where you complain housing is costs are too high isn't helping. It's whining. Interesting thing is you want the rules to change to benefit YOU. How selfish is that.
Irish Exit
Verified User
Sucks to be you. Some of my investment property just sits there vacant. I use those ones for storage. Doesn't really cost me anything other than $70 a month each to keep the utilities hooked up plus the taxes. I'll get around to renovating them some day I guess so they aren't as dated to fetch me better rents on those few. Nothing wrong with them now other than they are not very modern on the insides so they are not as attractive to the types of people I would want to be their tenants. That is the other side of this coin not being discussed--younger people tend to have too high of expectations about what they should be getting and don't want to pay high rents that pay for those expectations to be met. If I have to install a smartphone compatible dishwasher because someone is too lazy to stand there and push the button on the dishwasher, then they are going to be paying me more X their 100 "must haves".
cawacko
Well-known member
Trust me, I totally understand when people say "I moved to this area because I like the small town community feel to it and don't want to see that change". I do get that part of it.
cawacko
Well-known member
If you are such a baller that you can leave a townhome that rents for $3,600/mnth empty then props to you my man.
I don't think not being able to afford to pay $3,500 for a one bedroom apartment is a matter of having too high of expectations. Or not being able to pay $1.5m for a single family home is a matter of too high of expectations.
Irish Exit
Verified User
Then move to somewhere with a lower cost of living and a higher purchasing power for your income. What something rents for has no relationship with whether or not one can afford to leave it sitting empty. If it is paid for, it costs very little to leave empty, at least in this area. Who knows about California since they have to rob people continuously to pay for their bloated government salaries.
cawacko
Well-known member
You're talking two different things here.
The housing crisis in coastal cities is in large part created by governments and NIMBY's who restrict the amount of development causing prices to skyrocket. That's the whole basis of "intergenerational injustice" but that term aside is has a negative effect on the overall U.S. economy.
SmarterthanYou
rebel
sounds like a whiner trying to blame a previous generation for her hardships
Your entire whining rant is wanting the rules to change to suit YOU.
If you can't rent it at that price, lower the rent and prove you think prices should be less. What's stopping you?
He thinks rich white liberals and their zoning laws are racist against Blacks and wants to keep them out of their neighborhoods.
He's just trying to show a false equivalency of Liberals being just as racist as his people.
He could really give two shits about "urban" areas.
The only people screwing the younger generation and Americans period is Racist white men with power.
Just think if wages kept up with inflation we'd all be able to afford the 3,500. per month rent.
But, its people like you who want to keep slave wages to keep people in poverty.
cawacko
Well-known member
SMH. You. Have. No. Ideas. How. Markets. Work. And. Clearly. You. Don't. Understand. Inflation. And. Scarcity.
cawacko
Well-known member
The only white men with power in big coastal cities are Democrats. Democrats can't be racist though...
SmarterthanYou
rebel
two schools of thought on this issue, one is what I said above, two is what cawacko stated earlier, about the NIMBYs and government.
anyone who doesn't think that the elitists use government to further divide us in to haves and have nots is too stupid to be out in public without a custodian
anyone who doesn't think that the elitists use government to further divide us in to haves and have nots is too stupid to be out in public without a custodian
cawacko
Well-known member
Living in Texas you see the exact opposite of what coastal cities do. In Texas when prices start rising developers build. People still get appreciation in their homes but overall it keeps housing prices way more affordable. That's the market in action.
In coastal areas governments and NIMBY's conspire to restrict supply.
Most of us want good race relations.. Who are these guys that spend every day trying to incite fear and hatred?
Airstrip One
Completely Effed
Kaboomers can't keep-up with us Millenials now that they've all got Hep-C. 
Kaboomers can't keep-up with us Millenials now that they've all got Hep-C.
Your parents have Hep-C? I’m very sorry, they are making great stride in curing it.Kaboomers can't keep-up with us Millenials now that they've all got Hep-C.