Hi Chapos throwaway for obvious reasons.

I’ve managed to buy an apartment, two bedrooms. I live in it, but I rent the other room out. Is it unethical for me to hide that I’m the owner?

I don’t really lie-lie, like if I’m asked straight up I’ll answer, but I’ll avoid it if possible.

It’s mostly because it creates an odd power dynamic and I’d rather have a flatmate than a tenant if that makes sense.

Reason I bought is I don’t want to deal with landlords, obviously.

Do I get the wall?

  • GuiltyConscience [he/him]
    ·
    2 days ago

    Less than half of the interest payment, or less than half of the mortgage payment? Because I don't believe you when you say market rent is only half of the, what, roughly 5% APR interest rate on the loan?

    Less than half the interest payment. It’s 90% leveraged, with interest of 6%.

    If you factor in projected capital gain, then at this interest rate it’s barely break even. (That’s not to cry poor. I went into this planning on interest rate drops.)

    • Roonerino [they/them]
      ·
      2 days ago

      Wow, that sucks. Well you should probably be up front to your tenants regardless, easier for everyone involved.