@bob_zim @unchartedworlds @hishnash In London, people...

In London, people would buy a flat on a mortgage to let it out for Airbnb.

The SME model for an Airbnb landlord.

There was one Airbnb locally that a couple of friends used, that had one person renting a room permanently on a cheaper rent, to avoid being hit by the local legislation.

They were not the flat owner, and told my friends this, but when dealing with any bureaucracy, acted as the owner's agent.

Loopholes will exist and will have to be patched.

Like 18 August at 15:18 | Wall-to-wall | Open on social.coop

2 comments

Matthaus Woolard

@BillySmith I would say the title owner must be resident and that the title owner can not own any other property.

Most of the AirBNB investment owners aim to own many properties limiting it to only being permitted to own a single one would cut things down a lot.

18 August at 23:32 | Open on mastodon.social

Billy Smith

@hishnash

Which was the original pitch made when Airbnb got started.

Use your spare room to generate extra income.

What it became afterwards is a different question, but that's always the case when VC funding demands the ridiculous ROI that VC funds have promised their investors.

19 August at 9:08 | Open on social.coop