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.

  • howrar@lemmy.ca
    0·
    5 months ago

    You misunderstand. The comparison I’m trying to make is this:

    • Scenario 1: You own a home mortgage-free. You pay maintenance costs and taxes on that property.
    • Scenario 2: You own the value of the same home in cash. You rent a home to live in.

    How high does rent need to be before it becomes a better financial choice to choose scenario 1 over scenario 2? The break-even point is around the price where you would end up paying off the entire value of the home over ten years.