why do plywood box baggies include their home equity in their net worth calculation but never contemplate discounted cash flows associated with the holding costs of their plywood box?
if i sell the house, this money goes into my bank account?then its part of my networth
>>62191191repeat, in your own words, what "discounted cash flows associated with the holding cost" means, in the context of plywood box ownership.
>>62191182Rent was due 4 days ago rentoid dont make me get Mr. Goldstein
>>62191182>Not aware that concrete/rock boxes and quality material/brand exist.Enjoy the cheap rent while it last
>>62191411you're not going to believe this, but the HVAC system is out again. i don't know why it keeps happening? anyways, state law says you have a few days to fix it before i can legally withhold rent.
>>62191460We'll take care of it next week but it looks like due to all these reoccuring expenses and the current rate of inflation, the rent will go up $300 for the foreseeable future have a good day
>>62191469can i get that in writing? i want to run it by a lawyer who specializes in tenant rights, because i think the lease doesn't permit that.
My property manager asked for $500 to repair a wall we apparently damaged during moving in.I asked for evidence it was us, none could be provided. No evidence? No pay.The landleech had to swallow the cost kek.
>>62191479Oh well in that case we'll need you out within the next 48 hours please check line 57 subsection c. We will be holding onto your deposit in the meantime pending inspection. Have a good day sir :)
>>62191507that law doesn't exist and this sounds like an illegal eviction. my lawyer will be hearing about this.
>>62191520Oh fantastic our new renters are here and excited to be moving in and paying $500 more per month then that last shithead that threatened litigation monthly. Something about tenants rights lol
>>62191530you can't double lease an apartment. that's fraud, which is a criminal matter and not a civil matter. you're making this worse for yourself!
>>62191534Anon forgot to pack his things? Well just have to leave everything on the curb. Thank you for understanding. Hopefully our new renters will remember rent is due on the first no exceptions :)
>>62191182Theyre NPCs that parrot boomer investment advice such as "renting is just throwing your money away" while paying 100% of the value of their home in interest over the course of a mortgage.
>>62191182youre putting the chicken before the egg...if they did that they wouldn't have bought the house
But yes, if youre going to do the math correctly, the value is usually 70% of the zestimate minus equity when you do the math the correct way. You get slightly more if you close the sale without a realtor and do all the title work yourself.
For people buying a home as a first investment, it rarely makes sense. Once you have a big portfolio though, you can use real estate to generate really big tax savings. When you start considering these into cash flow calculations, it starts making a lot of sense. But the chump dumping his whole stack on a 20% down payment is gonna get heemed.
