I once rented a house from friends that were out of the country. We paid exactly their mortgage payment (plus utils and I did and paid for handyman level stuff, they covered big stuff), which was $600 a month less than the market rate for places a step down in quality.
Once we left I told them to increase the rent by $200 for higher insurance and a real handyman and whatever else and it’s still a huge favor to anyone they get by word of mouth only. The next couple thought they had won the lottery scoring a place for almost $5000 a year less than the rest of the area.
You paid a mortgage payment (and then some) and only received shelter, when you should have received shelter and equity in the home. Are you trying to say your friends did you a favor?
It’s nice that your friends didn’t screw you I suppose, and maybe your friends will give you a payout proportional to the amount you paid towards their mortgage when they sell the home, but until that happens, you did them a favor, not the other way around.
I know you mean well here, but this is fully bonkers. This is not how friends behave with each other.
They absolutely don’t owe me shit. We lived with them for a month before they moved, all in same house, for free. So there’s money we didn’t spend right there. We shared meals, shared hangovers, and shared their other friends in a place we were just moving to, which is priceless. But if you’re still really worried about money, they sold us their car for well under KBB as well. The guy’s brother and mom were who we called when stuff broke, and who brought us pupusas randomly when they were in the neighborhood. We trust them and they trust us, so we aren’t going to fuck up their house, and we got landlords that respond to shit immediately. I’m not going to ruin a 20+ year relationship with some tankie notions about “oh, bro, you owe me home equity.” And you can trust that anyone doing something like this knows when they have a good thing going without having to explain details.
Definitely not trying to make any commentary on the quality of your friendship, my bad if you took it that way, but that wasn’t my intent. I’m glad you and your friends came to an arrangement that worked well for everyone.
I worded my comment poorly in a way that forced my ideals onto you, which I shouldn’t do. I should have just expressed that renting is something I personally disagree with and wouldn’t do if I could avoid it. I shouldn’t try to fit everyone into my mold or my way of thinking though, sorry for doing that to you.
I once rented a house from friends that were out of the country. We paid exactly their mortgage payment (plus utils and I did and paid for handyman level stuff, they covered big stuff), which was $600 a month less than the market rate for places a step down in quality.
Once we left I told them to increase the rent by $200 for higher insurance and a real handyman and whatever else and it’s still a huge favor to anyone they get by word of mouth only. The next couple thought they had won the lottery scoring a place for almost $5000 a year less than the rest of the area.
And saving the owners hundreds a month in vacant house insurance costs.
You paid a mortgage payment (and then some) and only received shelter, when you should have received shelter and equity in the home. Are you trying to say your friends did you a favor?
It’s nice that your friends didn’t screw you I suppose, and maybe your friends will give you a payout proportional to the amount you paid towards their mortgage when they sell the home, but until that happens, you did them a favor, not the other way around.
I know you mean well here, but this is fully bonkers. This is not how friends behave with each other.
They absolutely don’t owe me shit. We lived with them for a month before they moved, all in same house, for free. So there’s money we didn’t spend right there. We shared meals, shared hangovers, and shared their other friends in a place we were just moving to, which is priceless. But if you’re still really worried about money, they sold us their car for well under KBB as well. The guy’s brother and mom were who we called when stuff broke, and who brought us pupusas randomly when they were in the neighborhood. We trust them and they trust us, so we aren’t going to fuck up their house, and we got landlords that respond to shit immediately. I’m not going to ruin a 20+ year relationship with some tankie notions about “oh, bro, you owe me home equity.” And you can trust that anyone doing something like this knows when they have a good thing going without having to explain details.
Definitely not trying to make any commentary on the quality of your friendship, my bad if you took it that way, but that wasn’t my intent. I’m glad you and your friends came to an arrangement that worked well for everyone.
I worded my comment poorly in a way that forced my ideals onto you, which I shouldn’t do. I should have just expressed that renting is something I personally disagree with and wouldn’t do if I could avoid it. I shouldn’t try to fit everyone into my mold or my way of thinking though, sorry for doing that to you.