Does having an AirBNB setup make someone deserving of the guillotine or does that only apply to owners of multiple houses? What about apartments?

Please explain your reasoning as well.

  • xmunk@sh.itjust.works
    0·
    7 months ago

    Landlords aren’t inherently evil - it’s a useful job… a good landlord will make sure that units are well maintained and appliances are functional. A good landlord is also a property manager.

    Landlords get a bad name because passive income is a bullshit lie. If you’re earning “passive income” you’re stealing someone else’s income - there’s no such thing as money for nothing, if you’re getting money and doing nothing it’s because someone else isn’t being properly paid for their work.

    • Neuromancer@lemm.ee
      04·
      7 months ago

      People have some myth of passive income. I sold all my rentals because they were taking to much time. I never turned a profit but it was good for my taxes. If you want to slum lord you can turn a profit but even I dislike those people.

      • antlion@lemmy.dbzer0.com
        0·
        7 months ago

        Market rent is basically set by current home costs. Any long term owners who have 15+ year old tax base essentially get to pocket the difference due to lower property taxes. Any newer buyer who is renting can only cover costs.

        • Neuromancer@lemm.ee
          03·
          7 months ago

          That is incorrect. I can tell you’ve never rented to people rent is set by the market. Supply and demand.

          It doesn’t matter if the house cost 800k. If the market rent is 2k a month. That’s all you’ll get.

          In the area where I had my rentals, the houses are 500k but the rent is only 1k. Now I bought in 2008 and only paid 120k. So only lost some money but I made it up in tax benefits.

          People really don’t understand the economics of landlords. They think it’s all money in the pocket. It’s not. It’s a very thin profit margin with most the benefit being taxes.