>We already established that property management companies do this for 10% of the rent.
Closer to 30% and that doesn't include maintenance costs and insurance which are _VERY_ significant.
>Should I charitably assume that you've just never heard of insurance?
I've been charitable by not bringing it up. It costs ~40-50% of your gross income from a rental property where I'm from.
>That 80% of the rent which goes into their pockets after...
Point me to where I can make that kind of money and I'll quit my job today. I'm sure I would have absolutely NO trouble at all getting a loan if I was pretty much guaranteed an 80% profit.
>Many landlords end up not fixing stuff that breaks.
If it's in the lease that they will (It's in mine.) Then sue them. If not, fix it or move. I've yet to see a lease that didn't include timely repairs.
>If land ownership were illegal and it were simply rented from the government...
It pretty much is. What do you think property taxes are? When you pay for land you're just providing an incentive for another party to cut their lease short.
>Not possible while they own deeds to the land. Ownership of the land is the part that lets them be parasites.
Land is cheap in a lot of places. Sometimes much cheaper than renting. The barrier to buying land varies, but sometimes renting is a better option.
Closer to 30% and that doesn't include maintenance costs and insurance which are _VERY_ significant.
>Should I charitably assume that you've just never heard of insurance?
I've been charitable by not bringing it up. It costs ~40-50% of your gross income from a rental property where I'm from.
>That 80% of the rent which goes into their pockets after...
Point me to where I can make that kind of money and I'll quit my job today. I'm sure I would have absolutely NO trouble at all getting a loan if I was pretty much guaranteed an 80% profit.
>Many landlords end up not fixing stuff that breaks.
If it's in the lease that they will (It's in mine.) Then sue them. If not, fix it or move. I've yet to see a lease that didn't include timely repairs.
>If land ownership were illegal and it were simply rented from the government...
It pretty much is. What do you think property taxes are? When you pay for land you're just providing an incentive for another party to cut their lease short.
>Not possible while they own deeds to the land. Ownership of the land is the part that lets them be parasites.
Land is cheap in a lot of places. Sometimes much cheaper than renting. The barrier to buying land varies, but sometimes renting is a better option.