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There can be massive opportunity cost lost to dealing with the various interpersonal interaction (ie work) thats required to rent a room in a house you are pers
by hackerfromthefu 5y ago
There can be massive opportunity cost lost to dealing with the various interpersonal interaction (ie work) thats required to rent a room in a house you are personally living in. If you're making a good salary, thats probably not worth it.
- endisneigh 5y agoI don't see it any differently than having a roommate, which is something a lot of people who have good salaries have anyway.
- josephcsible 5y agoWhat do you mean exactly by "a lot"? I don't think having roommates is very common for people who can afford not to.
- endisneigh 5y agoIn NYC, Bay Area, Boston, LA and Hong Kong I know people making top 15% income and have roommates. They don't necessarily need to, though.
- nine_k 5y agoHaving a roommate has two purposes, I suppose. One is freeing up $1-2k of disposable income that you can afford to spend on living in the most desirable place, but maybe would rather not. Another is to feel less alone. Also, having somebody in the apartment when you're away, who could take care of a delivery or a pet may be important.
- bradlys 5y agoThe people I know who have roommates do it because they’re cheap and they don’t like being alone. This includes people making $400k+/yr. Even people in 7-figure territory. They’re pennywise pound foolish types usually tho.
- astura 5y agoRoommates are extremely common among young people, even when they aren't strictly financially necessary. Pretty much everyone I know has lived with a roommate at one time. They are uncommon after around age 30 unless financially necessary. If you're older than 30 or married you probably won't be interested in a roommate simply to save money unless you already know the person well or you have a mother in-law apartment set-up.
- diordiderot 5y agoThis is a lie told by landlords. Just get a handyman, or a tenant agent. That's what landlords do and they always come out on top.
- astura 5y agoIt's not as simple as become landlord -> laugh all the way to the bank. My parents were landlords for nearly two decades. Their property was not a good investment even though they kept cost down by doing all the work themselves.