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I think fully legit letting is a massive risk. People can be reckless and ultimately there is very little you can recover from an unreasonable, reckless person.
by rich_sasha 3y ago
I think fully legit letting is a massive risk. People can be reckless and ultimately there is very little you can recover from an unreasonable, reckless person.
And AirBNB, well it's legal but it's certainly leaving hosts in some kind of grey area. I suppose one reason why hotels are expensive is they have to be prepared for such very cases. But Airbnb hosts probably don't think about that too often.
A lot of the "sharing economy" (a term that fell out of use a bit it seems) is about pushing the risks and external costs onto individuals, who are not well placed to deal with them, who can't price these risks properly and aren't well placed to deal with then if they do occur. But none of that interferes with the upfront platform commission so all is hunky dory.
- oldbbsnickname 3y agoThey're still trying to do things at global scale when it's sadly limited to YC batch potentials to find a room in the Bay Area c. 2011 because there is a huge difference between mostly college-educated, investable individuals with socio-economic accountability for a smaller audience and the general public with only superficial, limited economic accountability. I wish this wasn't the case, but the problem is the liabilities introduced in assuming everyone is cool and going to do The Right Thing™. Amongst a small cadre of cool people, it looks workable and it works for a while.
- barryrandall 3y agoI believe it was called the "sharing economy" because advertisers spent several decades convincing people that cutting out intermediaries was in their best interest.