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> That is, they accept very short term promises to pay (month to month leases from customers) No, that is the market. Just like airbnb compared to normal rent
by megaremote 7y ago
> That is, they accept very short term promises to pay (month to month leases from customers)
No, that is the market. Just like airbnb compared to normal renting.
- tdaltonc 7y agoExcept AirBnB does not have any long term obligations wrt the properties. If the market for short term residential renting takes a dive, AirBnB has to fire some people. If the market for short term office space takes a dive, WeWork is stuck holding a bunch of property and lease agreements that they have to fulfill.