alt Hacker News> non-wealthy
> landlord
If you think these two things are compatible you need to talk to more people outside of your bubble.
Replies
tonyedgecombe • yesterday at 4:22 PM
Most landlords are leveraged up to the hilt. They may look wealthy from the outside but a close look at the figures says otherwise.
smt88 • today at 12:05 AM
> you need to talk to more people outside of your bubble
My bubble of... not-ultra-wealthy people? Are you saying I need to talk to more ultra-wealthy people? This makes no sense.
bigstrat2003 • yesterday at 5:01 PM
You don't have to be especially wealthy to own a second house and rent it out. That isn't poor, certainly, but I wouldn't call it wealthy either.
carlosjobim • yesterday at 4:28 PM
The original comment said "ultra wealthy".
Not American here. I know a couple of people who took out a second mortgage to buy a small appartement to rent out when mortgages rates were at 1%. They probably have €300k in equity in both the primary and secondary home. And around €600 in income from the rental. I do not consider that wealthy.