Re:Is the Airbnb Dream Dead?
by acdha on Monday August 14, 2023 @04:30PM
(#37126414)
Also, I’d bet there were some very optimistic assumptions about overhead – retirees often make terrible landlords because they’re trying to hit targets for monthly profit and don’t have enough liquidity absorb cost increases. I suspect a lot of AirBnB hosts were in a similar boat where something like rates for cleaners going up really eats into the margin they are counting on.
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The landlord who complains that rents aren't enough to make the mortgage, for example.
In an area like Silicon Valley, someone who buys a small property new and tries to rent it most definitely will not make the mortgage from rent, especially a single family house.