Writer lives in vacation rentals and Airbnbs because it's cheaper than rent or a mortgage
She stayed 31 days in a 'ski town' AirBnB for $1200. That's $600 cheaper than her mortgage.
Can you imagine living life as a digital nomad? You have a job, but your office changes month to month. You spend a few weeks at a ski resort and then a month on the beach. In between, you make a stop in Europe to visit the Christmas markets. It sounds like a millionaire's fantasy, right?
Not according to Michelle Joy, 35, a travel writer based in Houston, Texas. She recently explained to Business Insider how she cracked the code on how to stay in vacation rentals and Airbnbs long-term while making it cost less than the $1,800 a month she was spending on a mortgage payment, taxes and utilities.
Joy is the founder of Harbors and Heavens, a blog that documents her travels, inspires āothers to see more of the world,ā and shares tips and tricks on how to do so affordably.
āWhen I started researching places to stay, I quickly decided it would be much cheaper to slow travel and take advantage of long-stay discounts at vacation rentalsāso much cheaper, actually, that it made me question whether I ever wanted to pay rent or a mortgage again,ā Joy wrote in Business Insider.
Her math also works for the average renter in Houston, where the average property will set you back $1,795 a month. Further, living at other peopleās properties means you donāt have to pay for costly home repairs, new furniture or gas and electric bills.
Joyās trick is finding places in the offseason with plenty of available units that can be rented at a lower rate. She may miss out on some seasonal activities but is still on a permanent vacation.
āWhen I'm searching for a long-term stay at a bargain, I look for popular and seasonal vacation destinations with a large concentration of short-term rentals, like Daytona Beach, Florida, and Myrtle Beach, South Carolina,ā she wrote for Business Insider. āTowns with a lot of individually owned condos typically have plenty of rentals on sites like Airbnb, the platform I typically book on.ā
āTo get a good deal, I make my reservations for the offseason and book for at least a month at a time,ā Joy continued. āMany rentals give weekly discounts, but the nightly rate bottoms out once you hit the monthly rental rate, typically at the 28- or 30-day mark.ā
For example, Joy recently stayed at a vacation rental in Snowshoe, West Virginia, between the summer and ski seasons. Her 31-day stay cost her around $1200āthatās $600 cheaper than her mortgage, taxes and utilities.
She also recently stayed in Myrtle Beach, South Carolina, for 35 nights and paid just $1,360.
Joyās new life as a digital nomad started when things began to open up in the waning days of the COVID pandemic, and she felt the itch to ārevengeā travel. Since then, sheās paid off her home in Texas and has no plans to return to living her old lifestyle anytime soon. She looks forward to living in vacation rentals in affordable international tourist destinations such as Thailand, Indonesia, Croatia and Portugal.
āBeing nomadic and hopping from rental to rental may not suit everyone, but my lifestyle and schedule are flexible, so it allows me to combine housing and travel costs into one expense and experience living in different places,ā she wrote.
But she hopes her travels inspire others to leave their comfort zones and see the world. āIt's time to make your dreams happen,ā she wrote on Instagram. āDon't put it off until or wait for someone else to do it for you. You are capable of creating a life you love on your own.ā
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