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I haven't used airbnb but after reading some of the comments here, I looked up the airbnb site to check if they have tools/features which try to address the "I
by gautamc 14y ago
I haven't used airbnb but after reading some of the comments here, I looked up the airbnb site to check if they have tools/features which try to address the "I am renting to a total stranger/I am renting a strange place" issue - http://www.airbnb.com/safety#reputation http://www.airbnb.com/safety#reputation - I guess these tools could be improved/enhanced.
But, just because something doesn't follow an established pattern, doesn't mean its illegal. It would make sense if a community decided to add a "no airbnb" clause to their bylaws/rules - but the govt picking and deciding what is abuse of resources and what is not doesn't sound practical - esp when the resource usage of an airbnb unit is no different when it is rented out versus the owner(s) occupying it themselves.
If there can be things like credit-default-swaps, I don't see why the insurance industry should not come up with instruments for this kind of a market - where there is a market, there must be a way.
- Spooky23 14y agoThe issue isn't that an unconventional pattern is illegal. The issue is that the risk models of residential mortgages, many apartment leases and insurance are designed for people living in a home. That distinction is important, because people generally treat their home with more care. And insurance/mortgages are priced accordingly. An apartment tenant generally doesn't leave the door open or unlocked -- they don't want their stuff to be stolen or destroyed. But a hotel guest or AirBNB renter has no skin in the game. Have you ever worked at a hotel? People routinely leave patio doors open or prop entry doors when they leave the room.