Re:Nearly 80% of Japan’s Airbnbs removed in response to new ...
by mason55 on Friday June 08, 2018 @03:47PM
(#17269079)
> In the three years I have been here the rents have risen probably 15% or so - it means even with promotions and pay rises you just keep up.
Well, except you also have 15% more money after paying rent as well. If you save the same percentage of your overall income then your absolute savings went up 15%. And if you assume that all your other costs are not rising as quickly (maybe fair, maybe not) then you could save a higher percentage of your income because your salary grew faster than your costs as a whole.
It's the same argument why living in SF or NYC is worth it even with the high cost of housing.
Re:Nearly 80% of Japan’s Airbnbs removed in response to new ...
by alexgmcm on Saturday June 09, 2018 @04:37AM
(#17272114)
No, I mean my salary went up at most 15-20% in that time.
So it means even with promotions etc. you just break even - it feels like you are just working for your landlord.
That said, it is still better than London where the situation is just untenable and I prefer the quality of life here as well. (sadly so do all the tourists!)
The problem is that Airbnb will charge maybe 80-120 euros a night for an apartment depending on size, location etc. And I am paying 750 euros a month.
So a landlord can make more money from a week of Airbnb than a month of normal rental.
In the three years I have been here the rents have risen probably 15% or so - it means even with promotions and pay rises you just keep up.
Ironically London also has an insane rental market so moving back wouldn't help much...