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Why do you need a compensation check if no damages have occurred? There might be legitimate insurance questions here, for example, but that's a separate matter.
by noarchy 14y ago
Why do you need a compensation check if no damages have occurred? There might be legitimate insurance questions here, for example, but that's a separate matter.
- rayiner 14y agoPartly because you're lowering property values by changing peoples' bargained-for risk expectations, and also because you're almost certainly not carrying enough insurance, if you're even carrying any insurance. You're exposing people to risk they didn't bargain for and almost certainly can't compensate them if something bad happens.
- wtvanhest 14y agoIt is hard to quantify the value of noise, trash etc. which is one of the many reasons we have zoning over just people suing each other. On the risk side, you are exposing people to the potential threat of physical harm which money cannot replace. Risks like rape, murder etc. while low are definitely increased when you open apartment buildings to random people. I'm an AirBnB user, but their business model isn't as neatly disruptive as Uber's IMO.