• FfaerieOxide@kbin.social
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    1 year ago

    Nguyen says he makes enough by renting out his unit on Airbnb to cover its mortgage

    Well it sounds like you shouldn’t have done that.

    • festus@lemmy.ca
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      1 year ago

      It’s not even the right calculation he should be considering - a mortgage payment pays down interest and principal. Rent should only be expected to cover the interest portion of a mortgage - anything that covers principal is basically free money for the landlord. This guy is basically upset because he can’t find a tenant who’ll give him a free house fast enough. I have no sympathy.