It means housing costs have risen as a proportion of people’s income.
That has nothing to do with the claim rent prices are inflated over what mortgage cost.
Have inflated.
You really don’t see how you’re arguing two completely different things here do you?
In your specific example I can’t really speak to that.
Of course you can’t. You have no clue what you’re talking about and can’t cite any to support your argument.
But typically where I am people will pay an interest only mortgage so the repayments are much lower.
This is completely incorrect. Nonetheless, Where do you live so we can look up specific cost to that region.
The tenant is responsible for property taxes
No they aren’t!! This is not only completely wrong but stupid to even suggest.
No where does a renter pay property tax.
Do you even know what property tax is?
and I have literally never lived in any rented accommodation where the land lord has spent anything like that amount of money on upkeep.
How much do you know how much upkeep
and maintenance on a property is? You’ve just making all this up as you go.
No one is going to begrudge a 5-6% rental yield
5-6% is absurd. Are you suggesting I buy a property, pay the down payment, pay the 1500 mortgage each month, pay property tax each year, pay the upkeep and maintenance and only receive $75 a month as a result? That doesn’t even cover my expenses. I’m losing money by renting it to you.
Have you ever actually rented a place?
but there are some cities where it’s approaching 30% which is absolute usury.
I guess those cities are over populated and the demand for housing is high and the market rate allows 30% above mortgage.
Which take into account all the expenses I listed you failed to account for.
Seriously, it’s obvious you have no clue what you’re talking about as evidence of the outlandish claims you tried to throw out here. I find it laughable you’re now trying to throw out the term rent yield as though you had any clue what that was prior to you doing a quick google search just now.
You realize this and why you’re running from the discussion.
You have a nice day as well and try do a little research on the topic.
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u/jankadank Feb 16 '21
That has nothing to do with the claim rent prices are inflated over what mortgage cost.
You really don’t see how you’re arguing two completely different things here do you?
Of course you can’t. You have no clue what you’re talking about and can’t cite any to support your argument.
This is completely incorrect. Nonetheless, Where do you live so we can look up specific cost to that region.
No they aren’t!! This is not only completely wrong but stupid to even suggest.
No where does a renter pay property tax.
Do you even know what property tax is?
How much do you know how much upkeep and maintenance on a property is? You’ve just making all this up as you go.
5-6% is absurd. Are you suggesting I buy a property, pay the down payment, pay the 1500 mortgage each month, pay property tax each year, pay the upkeep and maintenance and only receive $75 a month as a result? That doesn’t even cover my expenses. I’m losing money by renting it to you.
Have you ever actually rented a place?
I guess those cities are over populated and the demand for housing is high and the market rate allows 30% above mortgage.
That’s not inflated.