What GPU and model you use?

Why the group add? Does JF default user not have access to dev dri?

Opencloud was a weird experience for me. Getting it started was great and having all of the options and features available led me to build it bigger than I initially planned. The downfall was it became too slow with everything I wanted to do with it. Could have been my hardware but it became unusable.

Close. You’re right there’s no profit without demand. Now, consider what happens when certain entities with way more money than most of us comes along and decides they want to induce artificial scarcity by buying up and leaving empty a ton of houses.

That’s a building shortage problem and/or developmental cycle problem. I want to live in New York next to central park. I have a job why can’t I?

They both kinda suck. I’d rather live next to someone who is invested in the property.

You didn’t answer my question.

I could agree with this if rent was pegged to a percentage of the mortgage value. The issue is that the landlord makes a purchase and now owes, let’s say, 1k/mo for everything. Rent, taxes, fees, etc.

As I stated before, I do exactly this. But landlords have to make a profit. So landlords can only expect appreciation as upside? That’s now creating more of a bubble than what’s currently going on.

I pay $1700 a month

I charge that same amount for my rental that is two blocks from the beach. 1600sft with a garage. The unit next to me just sold for 1.4 million. I highly doubt I’m contributing to the problem.

I also offer my tenants the option to buy the properties they live in but the property will be owner financed with the condition that it is appraised at time of “sale” and second sale gain is split with equity position. Again I’m only looking to make 7% return on my investment inflation adjusted. If they want out and they bought, I get the upside on market rate (with whatever equity position I hold). But the tenant at least keep whatever equity they grew and they get upside on their equity position.

None of my tenants have taken the deal. I think it’s more than fair.

I never understood this sentiment. For single family homes the market sets the price. It’s not like when you buy a house and use it for a rental all of sudden it’s cheaper or more expensive in some way. You could make a price/demand argument but then again the underlying demand is housing not money hungry landlords. If there was not an underlying housing demand, no one would rent and it would fail as an investment.

How does the community serve those who want to rent? Apartments? Now that is where we can agree. Apartment valuation is calculated on operations not on the market. The only way to raise value of an apartment is to raise rent (or reduce expenses in some way but at some point you can only do so much). At least with SFH you have appreciation that landlords can factor in for return.

Lastly, 2 of my rentals were foreclosures. If anything I’m performing the city a service by buying these properties and adding value. If you had to choose, would you rather live next to a vacant house or a rental?

To answer your question, it’s fair for a renter to not build equity because they don’t pay for upkeep or have the risk associated with the loan. You have to put skin in the game at some point.

Edit: there are some good points for the other side of the argument if you keep reading. I don’t know what the answer is but I’m not convinced that restrictions or to disincentivize rental operations is the answer.

Everyone paints landlords as money grubbing evil people. I own a couple rental houses and set prices so that my return is 7% annually. While that may paint me as the description above realize this; that price was set when I set a tenant and only increases with inflation. The majority of my units are 25% below market rates because once I have a good tenant I don’t see a reason to make more work for me. 7% return and I never hear from them is worth it in my mind.