>I'm not going to argue about your uncle because again, your
>uncle is an exception. That is not most people's reality.
>But I didn't realize the house was in that bad a shape to
>where he couldn't rent it. He could just sell the hosue and
>the land and buy a new one. Yes it will cost him more
>money...but to your example an extra $300 a month his
>nothing.


my uncle is the exception because he has ZERO housing/mortgage debt???

if he sold that house he would net probably $20,000
with that money where is he going to live the rest of his life?
he's on social security

seriously, have you finished undergrad yet?
it seems to me you yourself are more of the problem because you don't have a basic understanding of real estate principles
you're thinking in a vacuum




>
>My previous post should have said the system is not to blame.
>That is actually my whole point. Maybe we are saying the same
>thing and you know so much more than me that you can't see
>it.


no the "system" is not to blame
we have choices
i own rental property
but i am currently renting an apartment for my family to live in by choice
i wouldnt dare have my family living in the areas where i own the rental property
too much violence
school systems are SHIT-TAY
the properties themselves are VERY good condition
just the areas they sit in are crappy