pivantun

pivantun t1_itcb012 wrote

Yeah, although that is how averages work. It's important people understand this when they look at data.

Personally I think it's much worse that the OP doesn't control for unit size. (In the article, he says he collected that data, but didn't mention doing anything with it.) There's a huge difference in the effort to clean/launder a 3-bedroom house say, and a studio.

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pivantun t1_it9g8kx wrote

>People would be so much happier to pay $120/night for 4 nights than $100 + $80 cleaning fee

That calculation works for 4 nights. But what if the vast majority of your guests stay for 2 nights, and only some stay for longer?

The nightly fee would be $140 to cover the cost of cleaning, so a 2-night stay would end up being $280.

The problem then is that a 4-night stay would be $560, instead of the $480 it would have been with a separate cleaning fee.

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pivantun t1_irglrby wrote

Oh, I think I understand what you're saying. That as the interest rate goes up and you limit the monthly payment to $1000 then you'll have a situation where the loan would not get paid-off. I don't think that's realistic, since the home would be repossessed if you didn't make the correct payment.

My point is that a standard 30-year loan could, in theory, have any interest rate, but it would still be paid off in 30 years. You just may have a payment that's more than $1000/month.

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