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https://warpcast.com/~/channel/finance
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ted (not lasso) pfp
ted (not lasso)
@ted
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?
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Erik pfp
Erik
@eriks
personally wouldn’t mess w it, little upside and asymmetric downside lol
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rob pfp
rob
@robertfelt.eth
timeline is in sync lol
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erica pfp
erica
@erica
people are broke af dude and rent is hella expensive sometimes you can rent your place for 2 weeks for the price of a full month normally and if you’re traveling you’re likely paying for accommodation there too so ”double rent”
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JAKE pfp
JAKE
@jake
2 weeks is arguably not worthwhile for the overhead of logistics on all of it but more generally I am a huge proponent of using sublets to solve the double rent problem to allow people to live in multiple places they can call home throughout the year, something more like 9 months Miami 3 months nyc for example
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Daniel Fernandes pfp
Daniel Fernandes
@dfern.eth
another question: what landlord would allow this? I can't remember a lease I've signed that would allow me to 'sublet for 2 weeks'
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six pfp
six
@six
i think rent is high enough in some cities to justify it, and it's zero-downside to try
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Kristin Piljay🇨🇦 pfp
Kristin Piljay🇨🇦
@kristinpiljay
People are cash-strapped and rent is out of control. I can't even afford a one-bedroom apt in the area I live on my salary. I live in a basement suite in my friend's house, and trying to figure out a way to have a better income. Main reason that I don't sublet like that when I travel is that I feel weird to have strangers stay in my home. I did have a friend stay in my apartment while I was gone once, but I didn't ask him to pay for it. It was as a favor as he was in-between places.
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esha
@esha
im going to be out for 2 months and yet i cant bring myself to sublet
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shazow pfp
shazow
@shazow.eth
Back in the day, we would sublet our place while we traveled (usually for a month or two) and the extra margin we'd get from subletting would cover most of the trip costs. This is when rent was a fair bit cheaper (early 2010s) and before Airbnb got expensive.
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kevin
@kevinoconnell
This personally is why ive been doing very short term leases and just plan around them, wont be the case very soon though (getting a longer term one)
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humpty
@humpty.eth
how is this a good idea? squatters are a real thing, specially in la.
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tricil
@tricil.eth
see also the half of the Airbnb industry (the part that rents out their own homes not their rentals)
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Apex777.eth
@apex777.eth
Sounds like a real quick way to make your 2 week holiday a real stressful 2 weeks ngl.
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Maretus
@maretus
I don't even like it when the neighbor knocks and can see inside my apartment. Creepy lady damn near steps inside every time. I can't imagine letting someone live in it for 2 weeks. Nope, not for me.
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kbc pfp
kbc
@kbc
I do it to help friends out who are looking for a place (gives them more time). I also offer my place to family while we are away. We live in a typical holiday location.
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🌈 YON pfp
🌈 YON
@yonfrula
i could never leave all my stuff there for other people to use, lol.
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meta-david 💥| Building Scoop3 pfp
meta-david 💥| Building Scoop3
@metadavid
When I lived in an apartment in Hoboken where rents were comparable to Manhattan, I never ever did that and I was gone for weeks at a time on business. Ain't no way I'm doin' that.
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Karo K
@serendipity
Super common in NYC where rent is $4-6k just for a 1 bedroom with no amenities like an in unit washer or dryer 🤷🏻‍♀️
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Ox Bid
@oxb
rent is incredibly high, especially in London. I know a couple of my friends who do home exchanges. This is a way to have a place for vacation for free and build trust since you exchange houses instead of renting from one side
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