2 ms·
I don't understand, why owners buy such vacant homes, which they use twice a year. Renting the same house for two days would be much cheaper. My wife and I own
by byoung2 10y ago
I don't understand, why owners buy such vacant homes, which they use twice a year. Renting the same house for two days would be much cheaper.
My wife and I own a condo in the Philippines which we use 1 month out of the year. Why buy when we could just rent or get a timeshare? This place is ours forever, it has already appreciated 50% over what we paid 4 years ago, it is always available when we need it, and we got to decorate it the way we wanted.
- IvanK_net 10y agoDid you try to offer that condo to your friends or relatives, so they can use it sometimes, too? Maybe this condo can make you more money, than you could imagine. I understand, that it would bother you to find renters and to worry about your house, but maybe we just need some special service for that.
- byoung2 10y agoDid you try to offer that condo to your friends or relatives, so they can use it sometimes, too? My wife's relatives in the Philippines have the key, and they stay there occasionally to use the resort-style pool and cabanas, and a few friends from the UK or Australia who visited the Philippines stayed there. We could make money through AirBnB or longer-term rentals, and in fact the condo management company facilitates that with concierge, checkin/checkout, cleaning, airport transer services, etc, but the rent we would get (~$300-600 after expenses) isn't enough to justify the extra wear and tear on the condo.