Tilted Cat Head
Administrator
Location: Manhattan, NY
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Yes, I'm hoping to pick up on some of the fire sales because people over extended themselves.
Again, my goal is to work the system as it's designed. I buy a property for a fair price (hopefully a bargain or at least some savings of market becuase seller needs to sell) and then rent it out at a modest incresase to cover my costs and make a small profit. My profit isn't in the monthly rents, it's in the end game sell in the far future. In the interim, I'm willing to take the risk of tenants, maintaining a liviable and habitable property, in exchange for modest profits when I sell. I also expect to be taxed at a fair rate on the income generated from the monthly rent and the capital gains. My accountant will use whatever legal loopholes are available, but they are not my manipulation, just what is fair and by the book.
I wouldn't say that poor people are lazy, but I'd say that there are some aren't doing all that they can in order to better their situations.
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I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not.
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