Was talking to a couple of guys recently and was surprised to hear they're buying vacation homes in other states to use as Airbnbs. Maybe I'm missing something, but it seems like a lot of concentrated risk compared to just buying index funds. Vacancy, maintenance, insurance, local regulations, property taxes... is the return really worth all that?
assuming you do everything correctly, yesthis is guaranteed income with no volatility
If you’re already gonna buy a vacation home why not if it’s empty 3/4 of the yearI’d rather try to do it in southern Italy or Spain than anywhere in the US
>>62515228what’s the point of having index funds? to get more money? what would you even spend that money on?better to just buy a vacation home that makes you money when you aren’t vacationing in it.
>>62515254don'twe have insane squatter protection "laws" here in spain
a person running 2 Air BnBs will generate enough income to make it their full time joband what are you really doing? making sure there's enough toilet paper and checking people in and outeasy money.
> Not allowed to discriminate> An Indian family spends 3 daysRight.Good luck.
>>62515236>this is guaranteed income with no volatility"People" rent out Airbnb's for massive parties all the time and fucking wreck the place beyond repair. Good luck suing some retarded 18 year old with a net worth of minus $800
>>62515288look, it's a business, not an investment, you're looking to make cash income, not imaginary fairy duist
>>62515228they are lagards... they should have done this 10 years ago...personally, i just sold 3 of my air bnb'si wont get into why. no time. just know op , those couple of guys are going to regret it in a couple years.
>>62515300You said guaranteed income with no volatility. Some retarded 18 year old being able to nuke your entire investment in one night constitutes volatility
>>62515257
>>62515228those guys are HUGE fucking retards, right now is a terrible time to buy, terrible time to be a landlord and airbnb.
>>62515228Why didn't you ask them?
>>62515818>>62515309Why? You can’t just make a statement and not defend it.
>>62515228so what happened is everyone left /biz/ and we ended up with one complete retard (OP) who thinks index funds are a great investment and posts hundreds of threads and posts per day.everyone else knows index funds barely keep up with inflation. so yeah, OP. You're the fucking retard pushing index funds like that works for anyone. >just wait 60 years!ok loser
>>62515917just watch the tim dillon bit on it. I wouldn't shill comedyslop unless it was good or at least relevant as it is hereBasically all airbnb owners are pervert psychopaths. Their "I need to control other people" circuit is in overdrive. If there aren't cameras in the bedroom they still desire to torture others with their warped psychology. They're not well.
>>62515960I have no interest in spying on people, only making money. Why is it a bad idea if you want to make money?
>>62515228If youre high enough income to be in the 32/37% bracket, you pay extra taxes if youre not itemizing and mortgage maxxxing. If they werent out of state thy could even be offsetting w2 with active management of the properties.
