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A comment on LA pays $2600 per homeless tent, per month. Parent comment

Re:LA pays $2600 per homeless tent, per month by BurningFrog on Thursday May 27, 2021 @09:45AM (#27303012)
My point is you can do both.

Make $7500/month from house value increase, and also, say, $4k from rent.

This increases the resale value since the house is generating income to the buyer.

[ Parent | on HN ]
Re:LA pays $2600 per homeless tent, per month by andy_jensen on Thursday May 27, 2021 @01:33PM (#27305743)
Homeless people of people with low income cannot afford $4k rent. Also I find it preposterous that people can make $7.5k/month in the first place from just house value increase. At the rate at which housing get more and more expensive we will soon reach a point where new home owners will never be able to fully pay a mortgage back
[ Parent | on HN ]