10 ms·
Tourist gives you such great returns on investment it doesn’t make sense to do anything else if you have capital Yep, I'm considering buying a vacation home to
by senordevnyc 2y ago
Tourist gives you such great returns on investment it doesn’t make sense to do anything else if you have capital
Yep, I'm considering buying a vacation home to Airbnb for this reason. I have mixed feelings about it though, because I don't want to be part of the problem. But I live in NYC and I can't move (shared custody), nor can I buy a suitable home in the city, meanwhile the national housing market is exploding. I need some way to hedge for real estate inflation, and vacation rentals have better ROI.
- dkasper 2y agoThere should be easier ways to hedge real estate inflation than owning an airbnb.
- senordevnyc 2y agoI'm all ears.
- geonineties 2y agoWouldnt a residential reit work for that? Bonus points for your risk being spread out over multiple properties.
- kranke155 2y agoI can’t blame you. Sometimes we know our individual choice is suboptimal but the system in place gives us no option. I would keep looking. If you feel like it’s an ethically compromised decision, perhaps you’ll have a hard time to live with it in the end.