Re:The Rise of the Professional Airbnb Investor
by throwaway_374 on Sunday February 19, 2017 @10:58AM
(#13680254)
"Developers buy properties in bad neighborhoods in the hope of improving and renting them, but without profit, where is the incentive to invest?*"
Precisely, there should be no profit incentive. Society doesn't need lazy landlords speculating on gentrification. I don't give a fuck if you're disincentivised to own 8 homes which you can rent out while you holiday in the carribean. Productive societies needs affordable housing for all classes of people. Property is not an asset for speculation or a VC-backed venture return model. Feel free to invest your spare cash in innovation and businesses seeking growth.
Precisely, there should be no profit incentive. Society doesn't need lazy landlords speculating on gentrification. I don't give a fuck if you're disincentivised to own 8 homes which you can rent out while you holiday in the carribean. Productive societies needs affordable housing for all classes of people. Property is not an asset for speculation or a VC-backed venture return model. Feel free to invest your spare cash in innovation and businesses seeking growth.