Agreed.
True.
True.
Generally speaking - yes, that is true.
Agreed.
You seem to have high confidence with this point. I have low confidence with this aspect, although my numbers in this category are nothing compared to yours. They'll up and leave from something around the $ 300 p.w. mark to something lower again. There is some real dross out there renting for not a lot.
LOL! Out here there's not a lot available for under $300pw.
This is the bit that I do not share your confidence with. I find the rent is far too low on their priority list. It shouldn't be, as it provides stability to their lives.....I've tried many a time, but alas, mine at least choose to give their scant amount of money to electronic vendors, fast food vendors and alcohol vendors ahead of their Landlord.
Agreed, what I should have said is that they don't always pay their rent every week, however we end up getting it anyway because the charities & housing department prop them up when necessary.
It peeves me, I've sat down with them in hard times and tried to reason with them, but their overwhelming choices dictate their position in life, and continue to do so.
The bit that scares me away skater is the sheer volume of properties needed to carry on the same scale of things. One small inner city office block with a Govt Tenant would equate to 50 or 60 low end houses. Dealing with one consistent Govt dept vs say 55 struggling families, all with excuses and all with their own issues....it would do my head in.
Haha, yeah you do make a good point, but I don't share your confidence with this market. You appear to be great at negotiating with multinationals and the type that want to lease out your big sheds, but I don't think I could do that. Plus, the buy in cost is huge in comparison to mine. I'm coming off the back of a much smaller PAYG income than you I suspect.
Agreed, nice people are up and down the wealth spectrum, as are horrible people. Money just magnifies what they were like before they had money.