2 ms·

You didn't read the article, did you? "Airbnb installed a pop-up window on its site to remind hosts that they should follow their local laws when they register

You didn't read the article, did you? "Airbnb installed a pop-up window on its site to remind hosts that they should follow their local laws when they register, and Bradley plans on paying San Francisco’s 14% hotel tax (that's on top of the 3% that Airbnb charges for payment processing). Airbnb sends its hosts 1099s so they can pay taxes on what they earn, and he also plans to pay income tax on his Airbnb revenue."

tossmeup 13y ago
That'll cover it. The IRS will stand down now. Thanks! abnb know they are on pretty thin ice and I am starting to think the bubbling of this trope on HN is a marketing scheme by some people who bought a bunch of apartments and want to unload them on the "new 49ers." 6 FIGURES! Then down at the bottom... "It's a business. It's a hustle. You gotta stay on top of it." Sounds eerily like the MLM pitch. You make your hours! Run your own business! Get rich! Someone starts pitching that there will be landlord collectives and network payments... just get some friends in who you want to share the good fortune with! Or in layman's terms, you are about to give up a dream job to become an inn-keeper who can't afford, due to your lack of economies of scale, to hire the maids, concierge's etc. abnb offers a mostly non-frills stay at a place where only the bottom line matters. Most hotels offer a value proposition outside of a narrow range of clientele. abnb fixes a problem for rich kids. $150/night? Hostels and shit. This is barely a temporary disruption. How many times do you want to wash someone else's sheets and towels before you figure out that $1000/mo ain't that much money given how much time you spend. If you start making 6 figures by playing monopoly IRL, the IRS will step in, local regulation will step in, and that arbitrage evaporates. Now, you're trying to dump an apartment into a glutted market.

tossmeup 13y ago

That'll cover it. The IRS will stand down now. Thanks! abnb know they are on pretty thin ice and I am starting to think the bubbling of this trope on HN is a marketing scheme by some people who bought a bunch of apartments and want to unload them on the "new 49ers." 6 FIGURES! Then down at the bottom... "It's a business. It's a hustle. You gotta stay on top of it." Sounds eerily like the MLM pitch. You make your hours! Run your own business! Get rich! Someone starts pitching that there will be landlord collectives and network payments... just get some friends in who you want to share the good fortune with! Or in layman's terms, you are about to give up a dream job to become an inn-keeper who can't afford, due to your lack of economies of scale, to hire the maids, concierge's etc. abnb offers a mostly non-frills stay at a place where only the bottom line matters. Most hotels offer a value proposition outside of a narrow range of clientele. abnb fixes a problem for rich kids. $150/night? Hostels and shit. This is barely a temporary disruption. How many times do you want to wash someone else's sheets and towels before you figure out that $1000/mo ain't that much money given how much time you spend. If you start making 6 figures by playing monopoly IRL, the IRS will step in, local regulation will step in, and that arbitrage evaporates. Now, you're trying to dump an apartment into a glutted market.