Recent comments in /f/jerseycity

Blecher_onthe_Hudson t1_j2p87cj wrote

They simply have no adult concept of economics. What I can't figure out is why no one expects farmers to provide for free the food they grow with labor and capital.

The best I can figure out is this is a "cultural memory" throwback to the medieval system when "landlord" meant literally the man who owned the land that you built your house on. He provided nothing and thus had no expenses, and likely inherited the land. Modern rental housing is a capital and labor intensive business. It's not magic. I'd love to hear the Comrades here explain exactly how they think it should work.

8

glo46 t1_j2p36t4 wrote

I grew up in poverty, gained a skill, worked my ass off, made smart financial choices, and I'm now a landlord in JC. I also still have my salary job, and Im the one that does the standard maintenance around the building.

>Inherited wealth? Sheer dumb luck? Rich dad?

These are all the excuses that people believe in as a consolation as to why theyre not financially comfortable.

11

glo46 t1_j2p2jya wrote

Most of these "landlords shouldn't exist" crowds are people with the fallacy that quality of life would increase if housing were free because they don't realize that the burden of preventing a building from collapsing on itself, or preventing themselves from freezing when the boilers go out in the dead of winter, or dealing with irresponsible tenants who destroy the property, or dealing with the tons of other maintenance issues that arise with property ownership, would all fall on their shoulders.

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Ilanaspax t1_j2p1be7 wrote

Inherited wealth? Sheer dumb luck? Rich dad? Lots of ways to attain capital that isn’t through working hard and having skills otherwise there would be a lot more rich people.

You’re going to be disappointed to learn most wealthy people aren’t rich because of their innate talent and brilliant mind.

−5

shanes3t t1_j2ov0k8 wrote

I have a home inspector who is also a licensed engineer to try to catch possible structural problems with the building. Her office is near Journal Square.

In terms of things you want to be on the lookout for, I'd be more concerned with the overall financial numbers of the HOA than anything outside your four walls since the HOA is on the hook to make repairs outside your unit anyway.

5

nuncio_populi t1_j2otz7a wrote

Daniel Lin from Lin Home Inspection. He was very thorough and had some follow up recommendations for roofing, underground oil tanks, etc that were a life saver when we were looking to buy.

Edit: based on other posters, YMMV. I had a great experience and felt issues were properly assessed, especially compared to my first home buying experience where the home inspector was dog shit.

11

Blecher_onthe_Hudson t1_j2okmza wrote

Beware of getting an eviction on your record. You may not ever be able
to rent another home, it's just too easy today for even mom & pop landlords to access credit, eviction and backgrounds checks. Zillow and Apartments.com are happy to do it at the tenant's expense. And you better have a job where your wages cannot be garnished by a court award against you.

I recently had a tenant whose life destabilized and she couldn't pay, she gracefully left owing a few months rent. I am not pursuing her about it, it's the risks of the business. But if someone jerked me around just because they thought they could, I'd do all I legally could to make their life hell. Assume your landlord will do likewise.

11

Ilanaspax t1_j2oiits wrote

I somewhat agree with you. One of the clearest indicators that developers and the city are working hand in hand strictly for profit with no regard for quality of life is the fact that everything being built in the name of “progress” are 600 sq foot rental apartments that guarantee no residents will stay in JC long enough to make any real change in the community. It’s a revolving door community where developers and politicians make money hand over fist with seemingly no one to answer to and they’ve got genuine idiots on here defending them.

People point to how expensive hoboken is to defend the non stop rental construction but the tables have definitely turned from ten years ago and I’d rather live in hoboken than downtown JC because there’s a semblance of community left. Downtown just feels like a giant soulless mall but with worse stores - atleast hoboken retains a shred of its character.

1

garth_meringue t1_j2oifif wrote

Their administrative and handyman skills that would fetch maybe a $25k salary on the job market totally justifies them lording over other people. Has absolutely nothing to do with being fortunate enough to have enough capital and be in the right time and place to buy at a housing market low that people today can't luck into.

5