Re:Buffett Will Steer Investors to Airbnb to Avoid Price-Gou...
by afterburner on Tuesday April 08, 2014 @06:19PM
(#7556390)
That's literally not saying anything all other than he's at least breaking even, and those extra 2 weeks make at least $1 profit.
[ Parent
| on HN ]
Re:Buffett Will Steer Investors to Airbnb to Avoid Price-Gou...
by scott_karana on Tuesday April 08, 2014 @06:37PM
(#7556461)
And if he's only breaking even, isn't that okay?
If he gains net $0 from it, and spends net $0, he'll (eventually) have a land asset.
Illiquid and potentially risky, but still. Getting a mortgage paid for you is a nice deal.
Re:Buffett Will Steer Investors to Airbnb to Avoid Price-Gou...
by pilom on Tuesday April 08, 2014 @07:16PM
(#7556650)
Or, he could take the down payment he put on the place and invest that and come out ahead. Granted this person probably does make more than $1, but if they didn't, there are other better uses for money.