return2ozma@lemmy.world to News@lemmy.world · 4 months agoL.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sellwww.latimes.comexternal-linkmessage-square64fedilinkarrow-up15arrow-down10file-text
arrow-up15arrow-down1external-linkL.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sellwww.latimes.comreturn2ozma@lemmy.world to News@lemmy.world · 4 months agomessage-square64fedilinkfile-text
minus-squareiopq@lemmy.worldlinkfedilinkarrow-up0·4 months agoMy mom is in her sixties, not everyone wants to work until the day they die
minus-squareEncrypt-Keeper@lemmy.worldlinkfedilinkEnglisharrow-up0·edit-24 months agoGuess she should have saved for retirement then like the rest of us have to do.
minus-squareiopq@lemmy.worldlinkfedilinkarrow-up0·4 months agoHow does a housewife save for retirement?
minus-squareEncrypt-Keeper@lemmy.worldlinkfedilinkEnglisharrow-up0·4 months agoWith the money that put a roof over her head and food in her mouth, same as the rest of us.
minus-squareiopq@lemmy.worldlinkfedilinkarrow-up0·edit-24 months agoMy dad’s no longer paying anything to her, and he wasn’t contributing to any retirement account for her when they were married
minus-squareEncrypt-Keeper@lemmy.worldlinkfedilinkEnglisharrow-up0·4 months agoGuess he should have been doing that. And maybe she should have been somewhat aware of their financial situation. It sounds like your mom is a product of her own poor decisions.
minus-squareiopq@lemmy.worldlinkfedilinkarrow-up0arrow-down1·4 months agoShe’s doing fine as a landlord, thank you
minus-squareEncrypt-Keeper@lemmy.worldlinkfedilinkEnglisharrow-up0·edit-24 months agoWell, at least until legislation like this comes to where she’s at, at least. Then the free ride will be over.
minus-squareiopq@lemmy.worldlinkfedilinkarrow-up1arrow-down2·4 months agoIt’s not a “free” ride, it’s her life savings The reason why she was involved with real estate is the beneficial tax treatment for capital gains when selling The government encourages investment into real estate in the first place
My mom is in her sixties, not everyone wants to work until the day they die
Guess she should have saved for retirement then like the rest of us have to do.
How does a housewife save for retirement?
With the money that put a roof over her head and food in her mouth, same as the rest of us.
My dad’s no longer paying anything to her, and he wasn’t contributing to any retirement account for her when they were married
Guess he should have been doing that. And maybe she should have been somewhat aware of their financial situation. It sounds like your mom is a product of her own poor decisions.
She’s doing fine as a landlord, thank you
Well, at least until legislation like this comes to where she’s at, at least. Then the free ride will be over.
It’s not a “free” ride, it’s her life savings
The reason why she was involved with real estate is the beneficial tax treatment for capital gains when selling
The government encourages investment into real estate in the first place