Re:Universal Basic Income is Capitalism 2.0
by wappa on Friday July 31, 2020 @10:28PM
(#24016852)
It's disingenuous to claim you are not making money as landlord.
You are building equity - maybe your monthly profits are 0 early on, but your total value is increasing m/m. You can sell your rental property once your mortgage is paid off. If you back calculate your monthly profit is essentially ~ (selling price) / months owned.
You are building equity - maybe your monthly profits are 0 early on, but your total value is increasing m/m. You can sell your rental property once your mortgage is paid off. If you back calculate your monthly profit is essentially ~ (selling price) / months owned.