All Forum Posts by: Tyler Y.

Ultimately, "trickle down" is real. Everything is downstream of The Bank and the rate decisions. If the lending dries up, the economy dries up. If the money is flowing, there is a buying, selling, and building party.

Unfortunately, providing low-income housing in a state like New York is not just a thankless job - it is the kind of job where you will get kicked in the teeth, knocked on the ground, stomped on, p*ssed on, and then left for dead afterwards. Nobody will ever respect you for the blood, sweat, and tears you will go through dealing with all of the pain and agony of trying to navigate such a ridiculous system. I say leave and never go back. The state is falling apart, particularly NYC, and until rule of law is restored, it will only get worse.

 Not really. Are you going to cap property tax increases to 5%? Electricity bill increases to 5%? Insurance valuations to 5%? Maintenance costs to 5%?

This is exactly what the "far right" talks about all the time, except it's not "far right," it's common sense. People who don't get it just have no experience or haven't thought it through.

 I know that I'm necro'ing a 5 year old post but it is just SO GOOD and it had zero upvotes. This is so important and near-and-dear to me, I had to revive it.

In my opinion, one of the most American things is to take what works from other cultures and apply it to America. This is what has kept America as the leader of the world (or at least always on the cusp of being the leader!)

So when you notice something like this, how kicking your kids out at 18 and telling them to start from scratch and consume and buy all the same stuff you consumed and bought is keeping your family down, and ain't workin', and immigrants with the mentality of pooling their resources together, sticking together, and making due with less seem to have the right idea... Ditch the idea that doesn't work! Do the thing that does work. That is the American way. Learn. Adapt. Overcome. Super important.

Don't let your culture be an anchor that sinks you to the bottom of the ocean and drowns you. If you find yourself in that position, cut the chain! Swim to the surface! Find a better way!

My 2 cents :-) 

Pretty insane political proposal considering inflation has run hotter than 5% in recent years and money printing has also been higher than 5%... It just shows economic illiteracy and a commitment to buying votes rather than supporting rational policy. You can't trust politicians.

You get more benefits as an owner occupant anyway, so there is no reason to worry about this question. Like others said - you get a homestead exemption (if you do the work to file it), you get special financing (FHA, low money down), your insurance can be better... That's the whole point of the house hack!

Fascinating! Lots of "wild west" (pirates of the Caribbean?) to this post. You are very brave for doing this, but it sounds like a rewarding adventure! And you seem to have learned a lot. Thanks for sharing with all of us.

Juan, I'm just curious, what do you think the sheds will cost to buy, transport, set up, etc? 

This sounds like a good idea, but all of that matters of course for the ROI calculations.

Focus more on trust and character than returns. If you know the person really well, know that they know real estate, that is worth more than gold. I would go with someone local, someone you know, someone who is honest and trustworthy, someone who knows what they are doing, rather than a big name you saw on the internet. 

Buy 1 really good book to reference (there are hundreds), and then dive in and start doing stuff. Avoid fatal mistakes. You are going to need to start doing, because that's the only way to learn.