finance

potentially dumb question but can someone explain the logic of “subletting” your apartment out for 2 weeks while you’re on vacation? 

like is rent really that high or are people really that cash strapped or what?

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

i think rent is high enough in some cities to justify it, and it's zero-downside to try

well i guess there is actually downside in letting a stranger into your home lmao

lmaoo zero downside... i mean if you own 20 homes maybe you don't mind getting one trashed/robbed but yah leaving strangers on your home ain't for the non risky at heart or cash-strapped imho

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yeah nyc rent makes you think about this, i guess the closest example in my area is people renting their vacation homes when they don't use it, but feels diff than your personal house to me idk.

Most airbnb's here are full time sublets not really people doing it on the side AFAIK, it used to be that airbnb was like that, but has become more instutionalized (at least on spain, maybe due to diff regulations)

any of my many computers i woul dhave to store elsewhere, or other personal possessions are potentially worth to me more than 2k, again, i'd do it if i need the money but then i just won't go in. a vacation isntead i just like my cozy home lol

the math is not that bad, if you're paying 4k/mo in nyc and you sublet two weeks for 2k and also do some basic vetting of the person beforehand, if the alt is you "losing" 2k its fairly unlikely they're going to cause >2k worth of damages so its still +EV