Would You Rent An Apartment Without A Kitchen?

[jtown,man]

Originally Posted by Engineerding

Didn’t toysrus fail due to some financial games, played by the owners?


Yes. Yes it did.


And apartments going empty, isn’t it better to have it empty, deducting those losses on your taxes, than lowering the rent, which lowers its value, possibly putting you in trouble with your loan on it?

I don't think deducting loses on one of your two rentals with my dads income would make sense. 1,800 a month is a lot to lose. Period.

[Engineerding]

Does he rent them directly, or did he set up a llc to “own” the units?

[jtown,man]

Originally Posted by Engineerding

Does he rent them directly, or did he set up a llc to “own” the units?

Directly. He became a landlord by accident.

[Engineerding]

Ah I see. My info comes from when I was renting a failed development after the crash in bucktown for 2 years.It was bank owned at that point, and the guy managing it walked me through some of the typical scenarios.

[Vlajos]

No, I love cooking. The kitchen is the single most important room to me.

[Inkdaub]

I have appliances but no kitchen.

[Londonee]

Originally Posted by Sun Belt

Because normal people don't eat out for breakfast lunch and dinner, 7 days/week, 52 weeks/year [even if their employer provides a lunch room cafeteria].

My brother works at Google. It's not a "lunchroom cafeteria." It's a large, gourmet, multi-faceted, chef driven operation with dozens of options prepared each day. The ambiance is hip, industrial, sophistication. There's even a ramen bar. He can eat 3 different healthy meals there each day if he chose (though many techies are adopting my decades long strategy of intermittent fasting). This is not uncommon in big tech.

Anyways, surprised larger mention hasn't been made to the Co-Living trend we're seeing that's expanding around the world. Effectively a large bedroom - and sometimes a bathroom - but all other spaces like the kitchen are shared. Basically the Wework of living.

https://www.inquirer.com/real-estate...-20190323.html

[Crawford]

Originally Posted by Londonee

My brother works at Google. It's not a "lunchroom cafeteria." It's a large, gourmet, multi-faceted, chef driven operation with dozens of options prepared each day. The ambiance is hip, industrial, sophistication. There's even a ramen bar. He can eat 3 different healthy meals there each day if he chose (though many techies are adopting my decades long strategy of intermittent fasting). This is not uncommon in big tech.

And in investment banking. I worked at Credit Suisse, and JP Morgan, and barely cooked a meal in years. We had extensive in-house food options, dinners (from any restaurant) were generally covered, there was almost always breakfast, we had a well-stocked pantry for snacking, and there are so many in-house catered functions that there would always be food present.

I think we got $25 for dinner, but it was really unlimited, because we would pool our dinner orders and our managers would cover any overages. And this was 15-20 years ago. So we could order from fancy steakhouses every single night, seven days a week, in theory. Obviously, the point is the employer wants to keep you working.

[Sun Belt]

Again, you guys are talking about .1% of the overall adult population. They do exist, nobody is denying that, but it's not what we call normal. Most working adults want to have a kitchen to be able to store food and cook it while at home.

[pdxtex]

nope. but a tiny kitchen is fine. i have a dishwasher for the first time since the 90s though! things are looking up..

[brucepf]

No way. Heck I wouldn't live anywhere that I couldn't have a gas grill,