Does having an AirBNB setup make someone deserving of the guillotine or does that only apply to owners of multiple houses? What about apartments?

Please explain your reasoning as well.

  • antlion@lemmy.dbzer0.com
    4·
    9 months ago

    Market rent is basically set by current home costs. Any long term owners who have 15+ year old tax base essentially get to pocket the difference due to lower property taxes. Any newer buyer who is renting can only cover costs.

    • Neuromancer@lemm.ee
      210·
      9 months ago

      That is incorrect. I can tell you’ve never rented to people rent is set by the market. Supply and demand.

      It doesn’t matter if the house cost 800k. If the market rent is 2k a month. That’s all you’ll get.

      In the area where I had my rentals, the houses are 500k but the rent is only 1k. Now I bought in 2008 and only paid 120k. So only lost some money but I made it up in tax benefits.

      People really don’t understand the economics of landlords. They think it’s all money in the pocket. It’s not. It’s a very thin profit margin with most the benefit being taxes.