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.

  • Neuromancer
    -8•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.