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I live in Barcelona where there is a big issue due to Airbnb. I moved here from the UK and I work in Data Science so I'm not like a janitor or something. The p
by alexgmcm 8y ago
I live in Barcelona where there is a big issue due to Airbnb. I moved here from the UK and I work in Data Science so I'm not like a janitor or something.
The problem is that Airbnb will charge maybe 80-120 euros a night for an apartment depending on size, location etc. And I am paying 750 euros a month.
So a landlord can make more money from a week of Airbnb than a month of normal rental.
In the three years I have been here the rents have risen probably 15% or so - it means even with promotions and pay rises you just keep up.
Ironically London also has an insane rental market so moving back wouldn't help much...
- mason55 8y ago> In the three years I have been here the rents have risen probably 15% or so - it means even with promotions and pay rises you just keep up. Well, except you also have 15% more money after paying rent as well. If you save the same percentage of your overall income then your absolute savings went up 15%. And if you assume that all your other costs are not rising as quickly (maybe fair, maybe not) then you could save a higher percentage of your income because your salary grew faster than your costs as a whole. It's the same argument why living in SF or NYC is worth it even with the high cost of housing.
- alexgmcm 8y agoNo, I mean my salary went up at most 15-20% in that time. So it means even with promotions etc. you just break even - it feels like you are just working for your landlord. That said, it is still better than London where the situation is just untenable and I prefer the quality of life here as well. (sadly so do all the tourists!)