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.

  • @emergencyfood
    1•2 months ago

    The rent I receive doesn’t even cover the cost of the apartment. I’m losing money on it every year. So I’m subsidising someone’s housing.

    The third statement might be true, but it does not follow from the first two. Are the two houses of equal size? Are they in equally desirable locations? Also, is the market price of the house you are renting out increasing? You need to account for these.

    • @[email protected]
      2•2 months ago

      Sorry, maybe I wasn’t clear. I meant the rent I receive from my tenant doesn’t cover the interest on the loan for that place. I don’t own the apartment outright. I have a mortgage with a bank. That bank charges me interest on the loan. There are also other costs of owning.