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by andrewstuart 995 days ago
Why would you rent your home out with the risk of bedbugs?
5 comments

Homes? Nah they’re ‘investments’. I live in Brittany, France and new buyers, low earners etc are completely priced out of the market. My partner is a nurse and at her hospital they are closing wards because nurses, cleaners, healthcare assistants and even junior doctors can’t find, let alone afford accommodation.
Gonna go back to the days where the company owned your accommodation & you had a house as long as you had the job?
I'm hearing more and more about it. Company stores and company towns. Nope, nothing to learn from historically here at all.
It wasn't all bad.

In here The Company (a paper factory) guaranteed home loans for employees, a ton of people got dirt-cheap loans and paid off their homes in record time. My aunt still lives in one of those homes, they've been debt free since before the millennium.

There are plenty of good examples of company provided housing in The Netherlands, early 20th century.

The Netherlands can't be the only country where it did work out.

I was born and raised in a beautiful company built neighbourhood. Small but decent houses, a school, some shops and enough room for some 'green'.

Bournville in UK is another example. It was definitely a step up at the time, but I feel like conditions are somewhat better an century and a half later and if they would be going back to where losing your house with your job is an acceptable risk, it would now be a step down.
Money is used to purchase good and services.
Risk and reward.

You can rent out a property and have it go perfectly fine, sometimes you encounter Degens who trash the place.

The trick is minimising your risk upfront to get a better result.

Because you will probably never live in it yourself
It’s been a while since Airbnb rentals were actually a room in someone’s home and not an investment condo/home used as a full time rental.