ted (not lasso) on Farcaster

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https://warpcast.com/~/channel/finance

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ted (not lasso) pfp

ted (not lasso)

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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rob pfp

@robertfelt.eth

timeline is in sync lol

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Daniel Fernandes pfp

Daniel Fernandes

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

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 🌲

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 pfp

im going to be out for 2 months and yet i cant bring myself to sublet

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shazow pfp

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 pfp

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 pfp

how is this a good idea? squatters are a real thing, specially in la.

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tricil pfp

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 pfp

Sounds like a real quick way to make your 2 week holiday a real stressful 2 weeks ngl.

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Maretus pfp

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

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

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

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 pfp

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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Rika ☀️ pfp

All cash trapped in high rent in nyc. 😂

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Ox Bid pfp

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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Tony pfp

I have wondered if swapping places with someone who lives in the city I want to spend time in would work...but would have to be a month minimum

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zoz pfp

Because time variables used to screw towards longer timeframes due to market inefficiencies It will become the norm to sublet any asset for any period of time as it brings down someone’s overall cost It will become infeasible NOT to do this.

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