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.

  • kakes@sh.itjust.works
    01·
    7 months ago

    Sure, let’s assume that’s true. The difference though is, I own the property. I get something out of the deal other than a temporary roof over my head - something I would argue is a human right.

    If I were renting, I would be paying all those same costs, plus a profit margin - and I wouldn’t own anything at all. Someone else gets to cash out on the investment that I entirely paid for.

    • howrar@lemmy.ca
      1·
      7 months ago

      You misunderstand. The comparison I’m trying to make is this:

      • Scenario 1: You own a home mortgage-free. You pay maintenance costs and taxes on that property.
      • Scenario 2: You own the value of the same home in cash. You rent a home to live in.

      How high does rent need to be before it becomes a better financial choice to choose scenario 1 over scenario 2? The break-even point is around the price where you would end up paying off the entire value of the home over ten years.