https://www.msn.com/en-nz/money/homeandproperty/helps-me-bel
ieve-in-humanity-again-anti-capitalist-landlord-gives-profit
-from-house-sale-back-to-tenants/ar-AANm58H?li=AAFzsuA&o
cid=UP97DHP

smallwoods - 2021-08-16 18:56:00

so the owner only made $2500 profit? doesn't seem like a lot

cathi - 2021-08-16 18:58:00

cathi wrote:

so the owner only made $2500 profit? doesn't seem like a lot

helps if you read the article….

sparkychap - 2021-08-16 19:09:00

I would be interesting to see the actual figures / maths on how the LL came up with the figure of $2500.
I suspect the news item has been a bit frugal with it words... perhaps it should read the LL gave some, and I suspect a small bit, of the net profit to the ex-tenant. Given this is all happened in the USA, the cynic in me thinks that there may have also been a tax advantage in this LL "donation"

onl_148 - 2021-08-17 12:03:00

onl_148 wrote:

I would be interesting to see the actual figures / maths on how the LL came up with the figure of $2500.
I suspect the news item has been a bit frugal with it words... perhaps it should read the LL gave some, and I suspect a small bit, of the net profit to the ex-tenant. Given this is all happened in the USA, the cynic in me thinks that there may have also been a tax advantage in this LL "donation"

So what.
At least the owner gave something back!

Some of you lot just can't see the good.

smallwoods - 2021-08-17 12:42:00

"I calculated the amount of principal you paid each month you lived there, split it by who was living in the house at the time and added 40 percent (the increase in value of the home from when I bought it)."

sparkychap - 2021-08-17 13:09:00

Did the owner make money to buy the house in the first place?

amasser - 2021-08-17 13:31:00