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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,783
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Long time buddy has 32 housing rentals, all paid for, in Salem, Oregon. We shared the cost of a Sun Valley condo for the '71 PCA Parade. Some multi units, some single family. Now 80 years old, still managing the properties. I've urged him to sell for years...but he says can't stand the idea of paying the capital gains...
Anyway, couple of weeks ago, he told me the moratorium, supposedly with state helping the landlord, has cost him $60,000. Of course, property taxes, maintenance, insurance costs continue to escalate.
I was a landlord for a bit more than a decade...nothing but problems. Happy I got out of that game...
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent."
-Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.)
Last edited by pwd72s; 06-24-2021 at 10:38 AM..
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