Wall Street is killing us in every way imaginable. I had an inkling about this but didn't know the full extent of the story. Thanks for the details, Thom. This phenomenon also affects modest, middle-class local private investors/retirees who might want to own, say, a duplex home or subdivided rowhouse to live in one unit and rent out a s…
Wall Street is killing us in every way imaginable. I had an inkling about this but didn't know the full extent of the story. Thanks for the details, Thom. This phenomenon also affects modest, middle-class local private investors/retirees who might want to own, say, a duplex home or subdivided rowhouse to live in one unit and rent out a second and third. Those used to be reasonable and abundant opportunities in smaller cities like Baltimore where I live. Your landlord might not be all that much wealthier than you, perhaps just a bit older and with more savings, and the landlord-tenant relationship could be relatively amicable. There goes another bulwark against our shrinking middle class.
Wall Street is killing us in every way imaginable. I had an inkling about this but didn't know the full extent of the story. Thanks for the details, Thom. This phenomenon also affects modest, middle-class local private investors/retirees who might want to own, say, a duplex home or subdivided rowhouse to live in one unit and rent out a second and third. Those used to be reasonable and abundant opportunities in smaller cities like Baltimore where I live. Your landlord might not be all that much wealthier than you, perhaps just a bit older and with more savings, and the landlord-tenant relationship could be relatively amicable. There goes another bulwark against our shrinking middle class.