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by MathYouF
1876 days ago
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Why don't you rent out your car on Turo when you're not using it, or resell your items when you're done with them rather than throw them away? I suspect, for the car example at least, it's for similar reasons. The liability of damage and hassle of managing a tenant is greater than the potential upside of rent for them. |
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A tenant in a single unit/house will easily drop the price by 10% or more from my experience trying to buy a single family home in SoCal in 2016.
As well, who can afford to rent these units? The mortgage/break-even point for for a $8mil value would be $37,825 a month.