Poor people are the worst

Philip J. Fry

Philip J. Fry

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I know you all know this but you can seek "win-win", "win-lose", or "lose-lose." The people who get anywhere in life seek win-win. People who have an ego issue seek win-lose and make it harder for themselves, as they create enemies. People who have nothing seek lose-lose and that's how they don't get anywhere.

If you feel like you're winning and you don't give a crap about the other person, you're at win-lose. If you feel like you're winning and you have no idea what's important to the other party, you're at win-lose. You actually have to care and know what they care about and give it to them to make it win-win.

Now, you want to avoid lose-lose in all situations and all people. I haven't been familiar with the lose-lose mentality until this week. I had a POS roommate who stole from me and invited homeless type dudes over. I kicked him out without eviction and it was good. Now his homeless friends would knock on my tenant's property. There was one dude who even stole the cigarette butts and my tenant scared him off with a pistol. That guy "lost" access to the cigarette butts, got mad, and threw a rock into the sliding glass door's window. Now it is "lose-lose."

I bought this property last summer. So far, I have $0 return. The gross rent multiplier here is 8, which is amazing. It means that it takes 8 years for the apartment to pay for itself with rental income. The thing is, that assumes if tenants pay rent and that no one does property damage. My deductible is $2,500. This repair might cost exactly $2,500 from how it's shaping. There's no profits from the first year's operation. This sucks.

These are the same people who'll say that landlords are evil. They're terrible people. I provide them housing and they are upset that other people have something nicer than them, and then they act wrathful. Fuck them. I'm voting for Trump in 2024, just to upset these fuckers. I moved out of the US and don't have to live there. I enjoy my socialist paradise here. People here are civilised. They can give me lower taxes there. They can't have nice things. It's obvious.

How do you deal with desperate poor people? Do you give them money to alive their suffering? Or, do you give them no attention at all? Do they have human dignity or are they milking their victimhood? America is becoming a victimhood culture and we should make their lives worst. Cut more funding for everything! Cut Department of Education funding too! The cost of academia increase a ton and it was due to bloat! There's too many administrators there! Fuck them! Those people just give out A's anyways. Those degrees don't mean shit.

And, to let everyone know, this tenant is now totally free to antagonise the homeless as much as he wants now. Once the deductible is meet, all repairs are free :smile: lol

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And now you see why, moving to more liberal/socialist here in the US, is a bad thing.

You're also setting yourself up for a win-lose.

Why not let him have the butts and create a win-win?
 
eliquid said:
And now you see why, moving to more liberal/socialist here in the US, is a bad thing.

You're also setting yourself up for a win-lose.

Why not let him have the butts and create a win-win?
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I don't live there. My tenant does. To get to where the cigarette butts are disposed of, you'd need to walk on to the patio, which is private property. My tenant doesn't want homeless people trespassing. To make things even worst and even more political, my tenant purchased a 9mm pistol and was branching it at the homeless people, to scare them off. Obviously, it didn't work and back fired on him and now I am footing the bill.

Edit: for future savings, I'm not going to buy a property with it. I will just put it in stocks for an 8% return. Jesus Christ. Less hassles than this. AND I have a property manager. Holy shit.
 
A friend's parents own and rent out a few single-family homes in a very rural area. Most of them are 2-3 bed/1 bath small houses that have been around for a while, were in the family, etc.

They are currently having to do a lot of work on one of them due to tenant who punched holes in the drywall throughout the home. After being given notice that they could gtfo or be evicted, they put as much of what appears to be human feces in the aforementioned holes.

Earlier this year, they finally had to evict a tenant who hadn't paid their rent since a few months into the pandemic. One of the legislative packages here had paid it for them for quite a while, but that dried up, and getting a job wasn't on the agenda.

I don't know how they do it.
 
Real estate comes with a lot of thinking that has to be done.

But really, any business is like that.

I know this isn't a RE thread, so I won't derail it with RE talk.

However, it's one of the best tax strategies ever. EVAH.

Straight up normal long term renting a single family home ( or apartment sub lease/condo ) is one of the easiest ways to get into trouble similar to what you both mentioned above though.
 
Here's the resolution to the case. I talked to my insurance company and it'll only cost $50 more a year to have the lowest deducible possible. So, I changed it to that, which is $500. Now, my tenant can run his mouth as much as he wants and hopefully the same guy will get offended and throw a rock again! The thing is, he has placed cameras up and hopefully we can catch the mother fucker and get him jailed! Hurray!
 
not quite related but This post title made me think of the Presidential candidate for Colombia that lot
Rodolfo I think his name is

He said "Poor people are the best business" or something, basically saying they spend money unwisely and he loved taking advantage

Funny someone 'smart' wouldn't know to not say that in public, even if honest
 
eliquid said:
Real estate comes with a lot of thinking that has to be done.

But really, any business is like that.

I know this isn't a RE thread, so I won't derail it with RE talk.

However, it's one of the best tax strategies ever. EVAH.
Click to expand...
eliquid, can you expand on that, regarding tax strategies? thanks.
 
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