Quick summary: I own my house. It's a 3 br, 2ba home, and I only use one bedroom and bathroom for myself. Recently a friend of mine proposed moving in. I've thought about it, and decided to offer them the other 2 rooms and bathroom to them for $500/month + half utilities.
I told another friend of mine (someone not directly involved) about this in passing, and they began to personally attack me for being a sham of a communist, and being a capitalist, and a landlord. They claim that what I'm asking for is steep. I understand essentially the place where their criticism is coming from, rent is a system of accumulation whereby I would be gaining wealth, and my friend would be receiving merely the permit to exist in my house. So on some level I understand and agree with the fact that this arrangement is essentially at odds with my beliefs.
Does this make me a sham? Brutal honesty please.
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Looks like studio apartments go for ~$800. 2br's for around $1200
Cool for being a good deal I guess. Most people have normalized and internalized rent costs so much that they may see you as a benefactor in this scenario when compared to the market. At the end of the day whatever deal you’re giving them and anything above maintenance costs is still taking from your friend. If both of you can live with that then :agony-shivering:
Obviously that doesn’t mean you shouldn’t rent to them if that would help them save a significant amount..
True. One issue is that I really don't know what this number is.