• Joshi@aussie.zone
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    2 months ago

    I have an idee fixe that I could set up a non profit that bought homes and rented them at a price somewhere between the maintenance cost and the market price. It would make a profit and slowly expand providing more and more affordable housing. Ideally it would start with more than 1 million but doesn’t need to.

    • mke_geek@lemm.ee
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      2 months ago

      If you rent at cost or even a little over you’ll go broke. People won’t pay their rent and trash the places. Non-profits are finding out that they can’t even support what they’re trying to do with housing because the actual costs are more than what you think are “at cost”.