Randomness of price values - page 17
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http://www.sciencetimes.com.cn/upload/blog/file/2008/6/200862824414226176.pdf
Okay. Page three is stamped.
Does that mean we go to Slovakia on holiday and steal books from libraries?
)))
It depends on what kind of house and in what location. Renting a house of 150-200 square metres costs $1500-2000 per month. A 200-300 square metre house costs $2000-3000 per month. Of course you can find cheaper or more expensive ones.
Okay. On the third page is a stamp.
Does that mean we go to Slovakia on holiday and steal books from libraries?
)))
It's not mine :)
p.s. Although this is the scan I printed out for myself :)
I mean, like mortgage your house + loan, buy 1 more house - rent them out to cover the loan, take a loan against the 2nd house and buy another house... or LOTS of houses on credit and rent them back and forth :) - will this work or will it be taxed?
Usually, the rent is close to the monthly repayment of the loan. That's understandable. If the tenant can afford the rent, he can afford to buy the house. So you can't make much money on rent, and there's a lot of downtime. It takes three to six months to find a decent tenant. Most come with a bad "credit history" (reputation), i.e. they move in and don't pay the rent. The law in the US is lenient towards such people. You can't just throw them out on the street. It can take months of dragging tenants to court before you are allowed to put them out. It's just red tape. And the bank won't lend you more than the value of one house minus 20% unless you can prove you make enough to pay back the loan. Much more profitable and easier is to buy a run-down house, fix it up and sell it. There's a lot of people making money that way before the crash.
You can't make a living on a 100K deposit in America. The maths here is simple:
Read carefully (note the sign in front of the $):
The average private American trader has a deposit of > $100K (minimum to live on profit).
Takde don't talk about the cost of living in the US without reference to the state. Ohio is one thing, New York or California is another.
By your calculations $90 is the average annual need. A profit of 100% a year for a private trader is not uncommon. Again, pay attention to the icon in front of the $.