this post was submitted on 01 Apr 2024
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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.

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[–] [email protected] 3 points 8 months ago (13 children)

Man there's so much indiscriminate hate in here. I rent out an apartment to some tenants, and I rent myself, elsewhere. So I'm both a landlord and a tenant.

The rent I receive doesn't even cover the cost of the apartment. I'm losing money on it every year. So I'm subsidising someone's housing.

So why all the hate?

I like moving around so I'm not going sell and buy every couple of years.

[–] BonesOfTheMoon 2 points 8 months ago (1 children)

What's causing you to lose money on your apartment?

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[–] Sequentialsilence 3 points 8 months ago (2 children)

I do not think having an AirBNB or any BNB counts, as those are temporary arrangements similar to a hotel. They can also make good use of a property that normally would not be in use. One of my friends is a musician, she lives half of the time in Nashville, because recording studios and producers, and half of her time in Montana where she’s from. Whatever house she’s not living in at the time gets rented out as an AirBNB. I would consider that acceptable, she’s actually using both places, and when she’s not in one, she’s putting it to good use.

In my eyes a landlord is someone who sits on a property, maybe maintains it, maybe not, and makes someone else pay their bills.

I’m lucky enough to own my own place, but one of my coworkers is paying what I pay for my mortgage in rent every month, and he has less space than I do. What is his landlord doing to get a $1800 check every month? Absolutely nothing. That’s not OK. At least apartment buildings typically have amenities. Don’t get me wrong I’m still not a fan of apartment buildings, but they can be done right, they just usually aren’t.

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[–] Macallan 3 points 8 months ago (1 children)

What if I rent to family members under market value?

[–] [email protected] 3 points 8 months ago

I think you'd need to be renting it as a non-profit to not count. Under market value means you're still making money for basically nothing right?

[–] [email protected] 3 points 8 months ago

Does having an airbnb bikeshed get the guillotine?

[–] Crackhappy 3 points 8 months ago (5 children)

I am a reluctant landlord. If I had my way, I wouldn't have any properties other people lived in, but alas there are other factors at play. I'm a renter myself, and hope to buy a house soon, but the properties that my family has dog me still.

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[–] [email protected] 2 points 8 months ago* (last edited 8 months ago)

Any useful answer to this will be very long. It pretty much never is. The guy saying it's by majority of use is the closest.

Disclaimer that I'm not in this picture; it seems like just another investment asset to me, exactly as problematic as all the rest.

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