Recent comments in /f/pittsburgh

maya_star444 t1_j5us3aj wrote

Wow! From an outsiders perspective, this seems asinine. So if you’re kid is sick and can’t go to daycare, you’re still obligated to pay…but if one of their teachers is sick and can’t accommodate, you could be chosen to keep your child at home while still paying ?! Are all the daycares like this ?

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MaybeADumbass t1_j5urkuq wrote

> There is no moral justification for a massive % increase in profits year after year because you arbitrarily increase the rent just because you can.

Every single bit of maintenance for a property has gotten significantly more expensive over the past few years, though. Every contractor you might hire for repairs is booked solid for and costs more than they did two years ago, and every single material has gone up in price. That carpet that might have cost $1500 to replace three years ago will now cost closer to $3000. If your landlord plans to renovate or repair any units between tenants, now, it'll cost significantly more money than before. It only makes sense to raise rent in that situation.

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blondiebell OP t1_j5uqyhw wrote

But that's the thing, why was it ever allowed for your sole income to be someone else's home?? Investments come with risk and your only investment should never be something that can fail so easily and devastate you financially if it does. That's investing 101, diversify.

If I am selling a home I presumably used it for long enough that the land it's on increased in value and I could make a profit from its sale, but that profit will likely go into the cost of a new home (that's also increased in value) or retirement if I am downsizing and on a fixed income. The sale of a house isnt meant to be just for profit and it why many people, myself included have a problem with flippers.

Landlords are allowed to exist, people will always have a need for rentals, but no landlord should be allowed to gouge their renters for their own profits because someones home isnt like any other investments. Investing in rentals should come with very strict rules that protect the renter.

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WavingOrDrowning t1_j5uqwmk wrote

Yeah, you're unlikely to find a lot of places with attached parking anywhere. This is a national/global trend that parking spaces are not 1 for 1 with most new build apartment units. Especially in big cities, where mass transit options are plentiful. And also in Pittsburgh, where the areas in/around the Golden Triangle are limited in space.

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kellytop412 t1_j5uqfhs wrote

I know! It's crazy. My old rent was $535, after I moved out May 2021 they did zero updates and rented it for $900. I know i was getting a steal but feel bad for the poor people who are paying than much for mediocre housing.

Super grateful to now be a homeowner and not have to be at the mercy of a landlord. Though being a homeowner has its own set of cost, i don't have to worry about my mortgage jumping

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mynamemightbealan t1_j5uoqt8 wrote

I've lived in the slopes and have no complaints. Some areas come with beautiful views and some of the houses in that area can be a real steal. I completely expect that area to continue to rise in property value over the next few years because of continually rising interest from (shitty) rental companies buying up and "renovating" houses. As an investment, slopes might be the better move. That being said, I have a soft spot for any neighborhoods between the rivers. It's my personal favorite part of the city. I think I'd prefer Greenfield despite never having lived there.

I hope you don't mind hills with either one haha

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blondiebell OP t1_j5uopmd wrote

Exactly, thank you. I dont think that it shouldn't be allowed to be profitable and I dont even think that landlords shouldn't exist, but affordable housing should have always been a human right.

As an investment, rentals are okay in my opinion, but not as sole income and not at the expense of affordability. There is no moral justification for a massive % increase in profits year after year because you arbitrarily increase the rent just because you can.

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