And then they raise rent. For what? They haven’t upgraded anything. They haven’t added any of that value to the property. Every year the house gets older. Cars lose value every year even if you maintain it perfectly.
I’m not a landlord but the taxes go up every single year. Home insurance goes up every single year. Both often by a lot. Compared to 2019 my taxes are up 45% and my home insurance is up 500%.
The land value is up purely because they ain’t making any more of it.
The cost to repair everything goes up every year. A part of my washing machine broke again. Part was $20 in 2017. Part was $60 4 months ago. Post Tarifs it will probably be closer to $100. Nevermind the labor if I can’t DIY.
Plenty of reasons for costs to go up each year.
Real question is :
Why the fuck aren’t the wages going up?
If that too kept up with inflation since the 1970s then we’d all be happier then pigs in shit.
And then they raise rent. For what? They haven’t upgraded anything. They haven’t added any of that value to the property. Every year the house gets older. Cars lose value every year even if you maintain it perfectly.
I’m not a landlord but the taxes go up every single year. Home insurance goes up every single year. Both often by a lot. Compared to 2019 my taxes are up 45% and my home insurance is up 500%.
The land value is up purely because they ain’t making any more of it.
The cost to repair everything goes up every year. A part of my washing machine broke again. Part was $20 in 2017. Part was $60 4 months ago. Post Tarifs it will probably be closer to $100. Nevermind the labor if I can’t DIY.
Plenty of reasons for costs to go up each year.
Real question is :
Why the fuck aren’t the wages going up?
If that too kept up with inflation since the 1970s then we’d all be happier then pigs in shit.
The land is what’s gaining value, not the structure on it
friend bought a house and was super excited about it. it cost her a pretty penny.
It had black mold and almost killed her children. The landlord claimed they had no idea (they did)
they left (sold the house) for more than what she paid for. This was in California, the housing market is completely and utterly f****
Bought a house, but there was a landlord?
They probably bought it from someone who previously had rented it out.
If there were only a set number of cars available and creating more was prohibitively expensive, cars would appreciate in value as well.
And to be clear, I’m not talking about the house; building more of those is expensive, but doable. It’s building more land that’s the tricky part