Quote:
Originally Posted by Dion
If you have a property that's mortgage free and you choose to jack rents like everyone else, I would call that gouging.
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Why? How does that make any sense?
Two houses side by side, one has a $200k mortgage the other is clear title.
One should rent out for $400 less than the other?
If rental of a SFH is $2,000 per month, one should be $2,000 the other $1,600 simply because the person has no debt?
What if they bought it with cash, shouldn't they be entitled to earn a better yield on that cash than ($1,600 x 12) / cost of house?
Just a bad argument.