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Joined 2 years ago
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Cake day: July 12th, 2023

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  • but charging $1300 rent on a property with a $1000/mo mortgage isn’t unreasonable.

    No it’s just stupid. With those $300 dollars difference a landlord would need to cover insurance, property taxes, regular maintenance like replacing roof every 30 years, unplanned maintenance like a pipe bursts or aircon breaks. On top of that someone needs to act as the property manager/handyman so either the landlord takes that phone call on a Friday evening for the pipe that is gushing, or is paying someone to do that.

    Tenant moves somewhere else and the place is empty for a couple of weeks, no income.

    Oh and when you are done with all the above, depending on the country, those $300 count as income and get taxed (rightly so) so it’s not really $300.

    BTW I don’t like landlords, I am not one. I rented most of my life until recently as a choice, been able to move to a new city or country at the drop of a hat. Haven’t had to do maintenance and I’m only learning that now. Of course I paid for someone else doing all those things, and taking all the risks for me.

    But lemmy users seem to have a thing for over simplifying things and decide what is and isn’t excessive based on somethig that comes out of their ass. $300 dollars in this case.






  • SkippingRelax@lemmy.worldtoMemes@sopuli.xyzI'm working on it, ok?
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    11 months ago

    You seem to be in a very unique situation. And to have a pretty good understanding of personal finance and of your risk appetite. What you say works for you and a few people that happen to have access to universal healthcare, what looks like four separate insurance policies, and that can manage not to fuck it up with credit cards.

    6 months liquid emergency fund remains the best strategy for most people out there.


  • Would certainly suck if those six months worth of emergency fund had temporarily gone down to four months because of a downturn in the stock market though.

    Accidentally there might also be some correlation with stock markets going down, and an emergency happening. Eg large company laying staff off.

    That said you can do the math and see how much that money would return on average on etfs compared to a bank account, and decide if that’s worth the risk to you.

    Experts say no, I agree with them but I see your point, and it’s definitely worth to challenge these suggestions.


  • Except that you are the one with biases here, you are the one who replied to someone who was clearly talking/asking about grammar rules and you did it with a weird twist around (your?) belief structures .

    It’s an interesting take but one that maybe you need to explain and not give for granted that everyone knows what is going on in your head. Also you just did then same yourself with non human animals, same as illegal aliens mate.