It’s not so simple, my mom purchased a property with her divorce settlement and the return on the investment can be good, but it can also be not as good. She remodeled an Oregon property in Salem and sold it for less than cost later. While she did get rent for it before she sold, she could have saved a lot of effort just buying dividend stocks.
Real estate can be a good investment, but it can be a poor one.
It shouldn’t be an investment at all. It should be used. It’s like saying water is a good investment. Sure, if you make it artificially scarce and are okay with a ton of people going without… Nestle.
I really wish other better brands would step up in making more consumable products for people with cancer(protein replacement drinks) or children though. It’s really rough when better options are very scarce.
Yup I get you. I managed to avoid nestle but I know I have a privileged life only because I don’t need particular things in my diet. I have vulnerable relatives where they cannot take such options to avoid nestle what with their situation. And I can’t judge them for it. But It’s not a pass on nestle. Nestle need to smarten the hell up. they have no excuses to be terrible.
I make an effort. The truth is there are s9 many things that are Nestle with no Nestle on the packaging due to the different layers of subsidiary companies. It’s practically impossible to completely avoid them without some smart phone app, database, etc (which may even be inaccurate) or a fuckin encyclopedic knowledge of the different brands lmao. Shits fucked, yo.
Right?!? I spend way too much time researching each product over actual use of the product. I had to deep dive to the level of “where is this product produced and who are their relatives and what is their mother’s maiden name??”
Also if your asking me to feel bad for someone trying to make a profit off acting as a middleman to a basic human need you’re barking up the wrong tree.
My mom is the landlord and remodeling houses IS her work. She was a stay at home mom until I grew up, that’s what she does for a living after she divorced my dad. She lives on the rent of her properties while she does each project
Look one of my siblings is doing the same thing. I’m happy I don’t have to worry about them financially, but I’m not going to say I wouldn’t prefer they made an honest living
My mom is too old to wash dishes in a restaurant, it’s really hard labor and she has carpal tunnel. She tried, it’s just not something a 60+ year old person is fit to do. So she can’t just sit on that money and do hard labor on the side. But drawing some plans and hiring contractors while painting some walls on her own time is something she can do
It’s not so simple, my mom purchased a property with her divorce settlement and the return on the investment can be good, but it can also be not as good. She remodeled an Oregon property in Salem and sold it for less than cost later. While she did get rent for it before she sold, she could have saved a lot of effort just buying dividend stocks.
Real estate can be a good investment, but it can be a poor one.
It shouldn’t be an investment at all. It should be used. It’s like saying water is a good investment. Sure, if you make it artificially scarce and are okay with a ton of people going without… Nestle.
I really wish other better brands would step up in making more consumable products for people with cancer(protein replacement drinks) or children though. It’s really rough when better options are very scarce.
Oh yeah, to be clear I’m not blaming anyone for buying Nestle, it’s nearly impossible to avoid lmao. Sad but true.
Yup I get you. I managed to avoid nestle but I know I have a privileged life only because I don’t need particular things in my diet. I have vulnerable relatives where they cannot take such options to avoid nestle what with their situation. And I can’t judge them for it. But It’s not a pass on nestle. Nestle need to smarten the hell up. they have no excuses to be terrible.
I make an effort. The truth is there are s9 many things that are Nestle with no Nestle on the packaging due to the different layers of subsidiary companies. It’s practically impossible to completely avoid them without some smart phone app, database, etc (which may even be inaccurate) or a fuckin encyclopedic knowledge of the different brands lmao. Shits fucked, yo.
Right?!? I spend way too much time researching each product over actual use of the product. I had to deep dive to the level of “where is this product produced and who are their relatives and what is their mother’s maiden name??”
This isn’t relevant to the meme at all though.
Also if your asking me to feel bad for someone trying to make a profit off acting as a middleman to a basic human need you’re barking up the wrong tree.
Remodeling a house and maintaining it is actual work
Then let the people who actually need to work there do it.
But… She had money! What, do you expect her not to try to make her gold breed? People with money should get more money! It’s only fair!
/s
She had a few hundred K, she needs to make that divorce settlement last until she retires. Social Security is absolutely nothing
That doesn’t really make me feel sorry for my comment. I make do with <25k a year. A few hundred k would last me over a decade.
She spends the same amount of money as you do, she just doesn’t plan on dying in a decade.
My mom is the landlord and remodeling houses IS her work. She was a stay at home mom until I grew up, that’s what she does for a living after she divorced my dad. She lives on the rent of her properties while she does each project
This is exactly the thing people have issues with. The whole “I am the breadwinner of my landlord’s household.”
That’s why I thought she should just buy stocks and live off dividends instead. I mean, any investment has a rate of return or people would not buy it
Yup, and housing shouldn’t be an investment. It can be affordable, or an investment, not both.
Then you should support less zoning restrictions and lower development fees to increase the availability of housing.
Then charge for work done on the house like any contractor would, instead of rent for simply owning any old plot.
She’s the one who hired contractors. You need someone who decides what work needs to be done, find the people who are qualified, and pay them.
Not all contractors do good work, she got scammed once by a guy who does crap labor and tries to upcharge to fix it. It happens
Even if she sold the houses, the person buying them would probably want a return on their investment and end up renting it out to people
The only way rent would be cheap is if there was a lot of supply of it, less restrictions on building like zoning, fewer fees on developers.
Look one of my siblings is doing the same thing. I’m happy I don’t have to worry about them financially, but I’m not going to say I wouldn’t prefer they made an honest living
My mom is too old to wash dishes in a restaurant, it’s really hard labor and she has carpal tunnel. She tried, it’s just not something a 60+ year old person is fit to do. So she can’t just sit on that money and do hard labor on the side. But drawing some plans and hiring contractors while painting some walls on her own time is something she can do