the bill comes due for overextended airbnb hosts

Donald28
Level 10
Lithia Springs, GA

the bill comes due for overextended airbnb hosts

https://www.msn.com/en-us/money/markets/a-bargain-with-the-devil-bill-comes-due-for-overextended-air...

 

This is what happens when you do airbnb wrong. AKA - what happens when the "magic money" dries up from your miniature property empires

 

It's not a hotel service to babysit your short term guests for a 3% fee. It's a way for people with extra room in their own home to make a few extra bucks. It was never intended to be a fulltime job or baby sitter for your STR empire. 

 

“Hosts should’ve always been prepared for this income to go away,” said Gina Marotta, a principal at Argentia Group Inc., which does credit-risk analysis for real-estate loans. “Instead, they built an expensive lifestyle feeding off of it.”

 

I believe that as the virus has culled the heard of near dead humans on earth, it will also cull the herd of overextended airbnb mogul hosts who have been screwing the "little guys" by pricing them out. I say BYE BYE to the hosts who have been doing airbnb wrong for so long. 

15 Replies 15
Ian-And-Anne-Marie0
Level 10
Kendal, United Kingdom

@Donald28 

Some hosts 'need' to offer their homes or part of their homes as Airbnb's to purely exist, pay their bills and provide for their families. These are 'little guys', happy to exist with the big players and happy for their share of whatever they can get. Many, will be losing their one and only home because of the EC policy imposed and their lack of income because of it, and of the publicised grant payouts made, its not the 'one home' hosts who are benefitting, but those larger establishments more capable to cope.

 

Sadly, many caring hosts and families will be losing their house and home because of  bad decisions made by Airbnb and the hosts most affected are not 'airbnb mogul hosts', they are the hosts which the Airbnb brand has been built on, those very hosts, now, tonight Brian Chesky said were the "Human Connection" provided by hosts which is so special to the brand. That 'special' is not provided by those miniature property empires you cite, but those smaller hosts who are losing most.

 

Its wrong to mock the less fortunate. They are not 'the herd of overextended airbnb mogul hosts' and they have not 'been doing airbnb wrong for so long' - they are the foundation it was built on and should be recognised as such.