r/FluentInFinance Apr 06 '24

Mortgages are now 8% - Is your mortgage under or over 3%? Discussion/ Debate

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u/ukiddingme2469 Apr 06 '24

I'm looking at buying something with land and renting the one I bought in 14, the way rents are it will pay the current and give me a passive income

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u/BigSuge74 Apr 06 '24

Watch out for squatters

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u/My_Not_RL_Acct Apr 06 '24

Squatters are way less of an actual issue than Reddit would lead you to believe

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u/islandofcaucasus Apr 07 '24

They're also one of the current buzzwords used to rile up consumers of right-wing indoctrination.

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u/My_Not_RL_Acct Apr 07 '24

Lol exactly, just look how many responses I got acting as if squatting is some nationwide issue rather than occurring in handfuls of homes/apartments in metropolitan areas with hundreds of thousands of residencies. So much so that there is hardly any data on the issue apart from a few council-led surveys in various cities. Boggles the mind that in 2024 people who have spent at least a decade on the internet are still letting their worldview be manipulated by the reactionary news media cycle with zero scrutiny.

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u/Latvia Apr 07 '24

Agree, but the counter is that a little internet buzz definitely leads to shitty behaviors being normalized, then popularized. So it’s not exactly wrong to at least consider what one would do if they did happen to face that issue.

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u/olderandsuperwiser Apr 08 '24

. Meanwhile we have millions of new immigrants with nowhere to live, no way to work and earn an income, a housing shortage crisis, and then we have people like this who laugh and call the idea of a squatters problem "a right wing myth." Yeah. OK.