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

creator of le /bleu @elefant. 
co-creator of /farcards

destroyer of things.

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

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

let alone trying to put a hidden camera afterwards

only ever gave my friends the option to stay (aka marketing and guest curation via Instagram story 😹)