this post was submitted on 18 Oct 2023
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Airbnb operator says he's facing losses of hundreds of thousands of dollars because of new short-term rental laws (bc.ctvnews.ca)
submitted 2 years ago by RehRomano@lemmy.ca to c/vancouver@lemmy.ca
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[–] festus@lemmy.ca 12 points 2 years ago* (last edited 2 years 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.