19% of California houses are owned by investors

Re:19% of California houses are owned by investors by insane_dreamer on Wednesday August 06, 2025 @07:27PM (#44819029)

> "mortgage + tax liability + chunk of profit usually 25-50%"

25-50% is absurdly false.

We own a second home which we've rented out for years (wasn't the original intention, but anyway ...). The rent covers mortgage, taxes, and upkeep. Profit is minimal, less than 10%. Once you factor in eventual renovations, like replacing the roof, floors, etc., there is no profit at all, or very little.

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Re:19% of California houses are owned by investors by mystraline on Wednesday August 06, 2025 @07:48PM (#44819184)

Go read the briefs from the Realpage lawsuit, and maybe you won't consider me much the fool.

I keep getting anecdotes as some sort of glorious rebuttals. No matter. When the people are at their last end and the guillotines come, I will not shed a tear.

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Re:19% of California houses are owned by investors by insane_dreamer on Wednesday August 06, 2025 @08:49PM (#44819500)

enjoy the show!

irrelevant fun fact: people think that the vast majority of those who were visited by Mme La Guillotine during the French Revolution were nobles. In fact, the vast majority, ~85%, were from the "third estate" (commoners, which also excluded clergy).

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Re:19% of California houses are owned by investors by bpt3 on Wednesday August 06, 2025 @08:51PM (#44819507)

Please point me to the brief documenting that those landlords are making 25 - 50% profit.

And I see you showed your true colors with your second comment. I'm sure if the revolution you're praying for actually comes, you'll definitely be in the vanguard!

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