this post was submitted on 29 Nov 2024
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[–] 211@sopuli.xyz 7 points 4 days ago* (last edited 4 days ago) (7 children)

I think most of you are underestimating the cost of housing maintenance. We had some bad luck and a couple of structurally necessary renos were bigger than initially thought, or didn't address the issue as well as we hoped, requiring new renos. In the last 20 years we've paid the cost of our townhouse apartment once over, easy. And now the bathroom, kitchen, and flooring could use an upgrade (25-50 years old), which is again expensive. In that time its value has risen maybe 50%, not quite keeping pace with local inflation.

Not complaining, we bought it for living in and it's been great for that, and now that everything is at the end of its lifespan is a good time to really make it ours. But house prices aren't rising insanely everywhere, house upkeep isn't free (there are always "modifications"), and at least here the average ROI for being a landlord is abt 4-6%, same as stocks lately, and that's assuming no major surprises.

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[–] Blackmist@feddit.uk 3 points 3 days ago

It's only investing because there's practically no risk.

[–] icdmize@lemm.ee 4 points 4 days ago

All that shit's gone to garbage except for houses, don't ask me how I know. <_<

[–] coolguy@piefed.social 1 points 3 days ago (1 children)

Just as with all of those items, the "solution" is to decrease regulation and increase supply in the market.

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[–] SharkMommy@lemmy.blahaj.zone 1 points 4 days ago

Not the Fumo

[–] Wolixoriginal@lemmy.ml 0 points 3 days ago
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