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RE: Carrot and Stick .:. WorkerBee PH-Pool Week 183
The thing is that the part of Spain where I live isn't only a "summer holiday" place, and we have tourists all over the year... The top season is summer, and it takes 4-5 months, but even in winter times, we have many tourists from Norway, for example, that come to Spain to live in mild winter compared to the hard winter in their country...
In general, it is more profitable to rent an apartment to tourists for 4-5 months and leave the apartment empty (if that happens), than to rent for a long term... It's not a problem for my place, it is a big problem in Ibiza, Mallorca, Barcelona, etc.
0.00120137 BEE
Ok, I get it now. If it's an all-year business, they can get more money renting to tourists.
Maybe it would be better to have your own home then... Hopefully, this bull market could change something for the better to the bottom line when you make the calculations for a mortgage.
I guess having your own place has its advantages too. But it also comes with recurring costs (maintenance, improvements, property tax) that otherwise the landlord probably takes care of.
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