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Nobody's swinging that in high demand markets. A lot of dumb people _tried_ to leverage themselves and lost their ass on airbnbs that aren't performing (airbnb
by busterarm 3y ago
Nobody's swinging that in high demand markets. A lot of dumb people _tried_ to leverage themselves and lost their ass on airbnbs that aren't performing (airbnb has seen huge decline).
The overwhelming majority of second homes are vacation homes.
_Landlords_ aren't keeping people out of housing -- quite the opposite.
Home ownership is kind of an endless money pit anyway. Most people are better off renting in any of the markets we're talking about homeless populations anyway.
- bombcar 3y agoPeople are also extremely bad accountants, and if they sell a house for more than they bought it they accrue everything to profit, even if the rents during the time barely covered the mortgage (and/or didn’t cover repairs and maintenance at all). Large appreciation has hid the real costs associated with landlording.
- busterarm 3y agolandlording is really all about economies of scale to both the owner and renter's benefit. Ideally landlords should be able to get better pricing for maintenance. Unfortunately our dumb FREE MONEY monetary policy has absolutely wrecked the trades and saddled generations with bad debt chasing worthless credentials. ...YOU ARE PERFECT! https://www.youtube.com/watch?v=4p8vqoIVESc https://www.youtube.com/watch?v=4p8vqoIVESc