5 ms·
It doesn't deflate the article's premise. There are 2 ways we can see your example. Living in 400sq m house when you only need 40sq m could be: 1) equivalent
by nandemo 14y ago
It doesn't deflate the article's premise.
There are 2 ways we can see your example. Living in 400sq m house when you only need 40sq m could be:
1) equivalent to living in a 40sq m apartment and owning a separate ~300 sq m house elsewhere but not renting it. Well, of course in this case you're losing money as long as you don't rent it. Even if the real estate prices go up and you finally sell the house years later, you need also to subtract the money you threw away by not renting it, or say, compare to the situation you didn't buy the extra house and instead invested the money on Treasuries.
2) Going back to one 400sq m house. Now of course one could claim one's using and enjoying the extra-space beyond the 40sq m. Later, after the housing price goes up, you sell it and buy a 40sq m apartment; but this means you're cutting down on your monthly consumption of housing. So this doesn't deflate the article's premise either.
- SideburnsOfDoom 14y ago> elsewhere but not renting it. I live in London. if I somehow manage to buy an apartment with spare bedrooms, damn right I'm renting it out!
- hippich 14y agoI guess it is not so norm in USA. I've seen friends renting together apartment, but not owner living in one room and renting out another room.
- SideburnsOfDoom 14y agoSurely the USA varies a lot. New York may be a close approximation. What's that like?
- rquantz 14y agoYes, owners definitely rent out rooms in New York apartments.
- timbre 14y agoOr hang a sheet across the living room and rent out the new extra "room."
- SideburnsOfDoom 14y agoAh, another city with a permanent housing crisis!
- hippich 14y agonope, with too many people :)
- SideburnsOfDoom 14y agoIf it persists, it's the same thing really.
- rquantz 14y agoI have actually done this. Well, it was a heavy curtain.
- HeyLaughingBoy 14y agoNot necessarily. In fact, I went to high school in NYC and I distinctly remember my 10th grade History teacher reminding us repeatedly "New York city is nothing like the rest of America!" I left the city decades ago: he's right!
- aidenn0 14y agoIs that legal in London? It's illegal where I live (Santa Barbara, CA), but lots of people do it anyway.
- ianferrel 14y agoWhat makes you think it's illegal to rent out rooms in Santa Barbara, CA?
- guy_c 14y agoYes it is legal and the Government provide a tax incentive to do it - https://www.gov.uk/rent-room-in-your-home/the-rent-a-room-scheme https://www.gov.uk/rent-room-in-your-home/the-rent-a-room-sc...
- calinet6 14y agoHell if it's illegal to rent rooms in SB. What makes you think that?