Especially when those 2nd, 3rd, + properties are being used as passive short term rentals. Observing the state of the housing situation “Hmm there aren’t enough homes for normal families to each have a chance, I should turn this extra property of mine into a vacation rental.” does this make said person a POS?
Thank you for your reply! I will think about the first point. I didn’t consider that second homes tend to increase property values in the area - that’s a valid point.
I disagree with your second paragraph. When you rent a house at its price, aka only and exactly the price for electricity, water, and repairs of the building, I don’t see any exploitation in it because you effectively aren’t making any profit from the person living there.
However, I’m replying from a German standpoint. I presume that in the USA, the situation is different and in an advanced stadium of dystopican capitalism, so probably my thoughts aren’t fully applicable.
Thank you for replying! I appreciate it.
I would agree with that. If you aren’t making a profit, or if you are making enough profit to perform maintenance it sounds fine. If maintenance is a job, you should be obviously be compensated. That value doesn’t seem to represent the level of work I see being put in.
I am writing specifically from an American point of view. All of the landlords set prices based on a data set that combines property values and rent cost. This basically means that rent prices have been rising rapidly, a long with home prices. It’s all inflated value and the government doesn’t seem interested in doing anything about it. Rent in my area specifically has more than doubled in the past decade and this is not uncommon.