12k/mo on 2100k is a 14.6 year RoI. Of course, he could always sell it, earning a lump sum too, but solely as an income-earning apparatus, or using rent to offset mortgage costs, that's a fairly "fair" price per month. To contrast, a 150k house would be about $860/mo at that ratio, for a full-house, not room, rental.
Don't get me wrong, the fact you can sell the home at the end of the RoI earning period makes mockery of this whole thing, dude's got no financial knowledge AT ALL if he feels poor at those wealth levels and we should all meme on him for it, but the price itself isn't outlandish.
I never said the price was outlandish or unfair, I said that he was earning 12k a month in addition to his job...and whining about "struggling" is a slap in the face.
I'm not saying you can't or shouldn't be able to rent out your two million dollar mansion for 12k a month. My issue isn't with market rate, or RoI, or anything. I don't care; obviously someone else wants that lifestyle, and can also afford it. That's totally fine.
I don't resent his wealth, I resent his attitude. As I said, most people would trade financial places with him in a heartbeat, to experience his "struggle."
12k/mo on 2100k is a 14.6 year RoI. Of course, he could always sell it, earning a lump sum too, but solely as an income-earning apparatus, or using rent to offset mortgage costs, that's a fairly "fair" price per month. To contrast, a 150k house would be about $860/mo at that ratio, for a full-house, not room, rental.
Don't get me wrong, the fact you can sell the home at the end of the RoI earning period makes mockery of this whole thing, dude's got no financial knowledge AT ALL if he feels poor at those wealth levels and we should all meme on him for it, but the price itself isn't outlandish.
I never said the price was outlandish or unfair, I said that he was earning 12k a month in addition to his job...and whining about "struggling" is a slap in the face.
I'm not saying you can't or shouldn't be able to rent out your two million dollar mansion for 12k a month. My issue isn't with market rate, or RoI, or anything. I don't care; obviously someone else wants that lifestyle, and can also afford it. That's totally fine.
I don't resent his wealth, I resent his attitude. As I said, most people would trade financial places with him in a heartbeat, to experience his "struggle."