Would you rent an apartment to a trader
- Thread starter bearmountain
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Thank you all for your replies.
Interesting post RCG. Frankly speaking, indentured servants as you call them make for excellent tenants. They are very reliable, pay rent on time, and are not prone to unpredictable behavior. I am a corporate worker bee myself.
Renting to a trader imo is a high risk trade. The same personality traits (freedom, independence) that attracts a person to trading, also lend themselves to unpredictable, unstable behaviors in their personal lives.
I would say that 10% or whatever small % of traders are profitable, have more in common with identured servants than with independent freedom loving individuals. Most of the successful traders that I have met, are incredibly self disciplined also in their personal lives.
Thoughts anyone?
Financially speaking, I wouldn't make any difference between a trader and an other type of business owner. Just ask him of a copy of what he has on his bank account( not trading one ) and his tax returns for last year...What I would be more concerned with a trader is his behaviour, I don't want an addict or a dude that would party continuously in my appartment... In this case, since it is a family guy, I guess there won't be problems.
I am currently renting an appartment in Chicago for 3 months and I had no problem finding one. My landlord is just cool. I just told him how much I made in the last 2 years and my degrees, without any proof,then sent him a provision check. I came up with the first rent in cash and that was it. Again, it's only for 3 months so they are less demanding...
I am currently renting an appartment in Chicago for 3 months and I had no problem finding one. My landlord is just cool. I just told him how much I made in the last 2 years and my degrees, without any proof,then sent him a provision check. I came up with the first rent in cash and that was it. Again, it's only for 3 months so they are less demanding...
In that situation? Only if the wife's income justifies it. The trader husband has no income and that is the bottom line.
There really is no reason to discuss this further.
That is totally acccurate, our system is built to try to eliminate unknown variables. The debt cycle encourages predictable behavior. You might not just up and run to Bangkok for a few months. The workfarm and it's mechanics is fascinating. Im not saying it is bad, it is what it is.
The difference between a good trader and an indentured work hand is that the trader has control over the ultimate resource, his time.
His habits are built on a positive feedback loop, rather than a negative one.
Quote from LeeD:
The husband trader is honest enough to admit that his trading is mixed, and he has long enough years in trading that showed that he is quite competent. As you said that her wife income is sufficient to cover the bill, I would say that it a plus point that you rent out to them.... You may learn trading from him free of charge
Yes, I have a thought. And the thought is that your comment is one of the stupidist things I've read on this site. And that's saying a lot.
I've rented to self-employed, and to those with 'steady' jobs. What I've found is that if shit hits the fan and an employed person loses their job, they are a lot more likely to freak out and walk on a rental than a self-employed person, who is more inclined to know how to handle adversity.