Why don't people rent $1MM dollar homes instead of selling?

Ignoramus
Ignoramus

Why don't people rent $1MM dollar homes instead of selling?

Wouldn't the rent be nearly $10k a month?

Lord_Tryzalot
Lord_Tryzalot

why do you guys type MM instead of just M?

massdebater
massdebater

Because you're buying a 2M home?

kizzmybutt
kizzmybutt

Fuck off you cunt

WebTool
WebTool

1 millimeter house.

Fuzzy_Logic
Fuzzy_Logic

Europoors use M for milliard and M for million.

Harmless_Venom
Harmless_Venom

*MM for million

Soft_member
Soft_member

No one rents at those prices unless it's an apartment in the middle of a major city.

haveahappyday
haveahappyday

People who can afford rent 10k a month in rent aren't cucks and buy their own houses.

Inmate
Inmate

In germany we use mio

kizzmybutt
kizzmybutt

If you have 10k a month to blow on rent, you're gonna buy a house.

inb4 rent it out to multiple people

massive headache and most certainly the property damage alone from a group of people will not be worth it

Gigastrength
Gigastrength

This pretty much. There are not much rich cucks

DeathDog
DeathDog

millimetre is lowercase mm

TechHater
TechHater

1 millimeter dollar house

massdebater
massdebater

5k a month max..

Dreamworx
Dreamworx

Market Maker?

kizzmybutt
kizzmybutt

Good luck finding people willing to pay $120K/year to rent instead of buy. Most idiots who are willing to pay that don't have the money to. Sure you're gonna find some moron occasionally who won the lottery but you cant base your business model on outliers.

Stupidasole
Stupidasole

Where I live, $1 million gets you an older 3,000 sq. ft. home, 4 bed/3 bath.
You might be able to get $5K or $6K a month for one, depending.

SniperWish
SniperWish

Fietsen teruggeven hans

Flameblow
Flameblow

Sure you're gonna find some moron occasionally
And that person is also a moron by definition and will probably do shit like smoke indoors and start digging a swimmingpool in the back yard without asking

whereismyname
whereismyname

Why would you waste your time creating this thread? Who gives a shit. People can do what ever the fuck they want u prick

Nude_Bikergirl
Nude_Bikergirl

MM is bank standard you pleb

yes even in the US

WebTool
WebTool

Your question just answered the question why you are poor.

At the end, apart from crypro,fiat,stocks and bonds.

Land, Gold and Guns are the beat investment

Fried_Sushi
Fried_Sushi

One milliom.

Supergrass
Supergrass

Implying I can't invest the downpayment and interest into blockchains and make much more than I could make buying and selling the house
Implying I want to live in a 30 year old house in 30 years

Spamalot
Spamalot

my parents' neighborhood is full of $600-800k houses and i always see "for rent" signs popping up for a little while before finding a renter.

Skullbone
Skullbone

Wouldn't the rent be nearly $10k a month
no, more like $3k tops. the renter may feel that the housing market is going to go down soon, so would rather put his money into other investments. the rent may be cheap because the landlord may have to rent the house for less than carrying costs due to competition in the rental market. the reason the landlord would continue to do this is because he is expectiong to eventually make money from the property continuing to appreciate in value. in this case the landlord and his tenant are effectively betting against one another.

someone may rent a $1MM because they are on a temporary work assignment. or maybe they just moved to a new city in a hurry to take a job, and aren't ready to make a commitment to a house yet. they can take a year to decide if what neighborhood they want to live in, or if they want to stay at all.

also, a million smackers ain't what it used to be.

5mileys
5mileys

A million smackers ain't what it used to be

The worst part is that it will be less once you finally get it

girlDog
girlDog

Selling vs renting out has NOTHING to do with property value itself.

What matters are things like cap rate, risk tolerance, tax implications, liquidity needs etc.

Not to mention the actual work of being a land lord.

Skullbone
Skullbone

1 Multi-million dollars

Disable AdBlock to view this page

Disable AdBlock to view this page

Confirm your age

This website may contain content of an adult nature. If you are under the age of 18, if such content offends you or if it is illegal to view such content in your community, please EXIT.

Enter Exit

About Privacy

We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. We also share information about your use of our site with our advertising and analytics partners.

Accept Exit