r/SipsTea • • 21h ago

SMH The advice didn't age well.

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u/Atomic-Avocado 17h ago

Houses were cheap because there were way less people and boomers had an exodus from cities into brand new suburbs. Houses are expensive now mostly because cities refuse to allow new dense housing to be built where people want to move

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u/Inf1z 17h ago

Houses became an investment so many people and companies began buying houses to rent because of passive income.

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u/renner1991 16h ago

Being a landlord isn’t passive income. A landlord should be maintaining the property, otherwise it degrades over time.

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u/Inf1z 16h ago

True and especially for mom and pop landlord who own just a few homes. Most of them are handy so they do the maintenance themselves. Others just hire a handy man to take care of things.