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Lack of space (SF is quite small) + Tech boon = most expensive city in the world
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That breaks the site guidelines against name-calling and ideological battle. We've asked you many times to stop using HN this way. If you can't or won't stop, we're going to have to ban you. Would you please be a good citizen here and control your impulses?
When they inevitably go bankrupt who ends up owning the unit? Will it be collateralized and sold off or revert to the original property owner?
Hi there -- this is Brian from Rent the Backyard. We don't see bankruptcy as quite inevitable as you do :) In all seriousness, as written somewhere else on this thread: "We will need to eventually give custodial ownership to a larger entity (think big bank) in the medium term to mitigate the risk of our company going under for the homeowner, such that, if the worst-case scenario happened to our company, the homeowner…
Startups take a lot of risks, its in their nature, so bankruptcy is always a possibility. Maybe you have the best intentions, but you're not a big bank yet, and even those have gone bankrupt.
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Everyone is entitled to their opinion, but I must say it's very peculiar to me reading the reactions like this one. > People who can afford their home will not like watching their property values and quality of life decline because a neighbor “rented” its back yard. Why should neighbors get a say in your legal activities? >Furthermore, home owners will discover that having people travel alongside their homes to reach…
> Why should neighbors get a say in your legal activities? This is one reason why there are different layers of rules on what a property owner can do - zoning laws, building codes, ordinances, community rules. Neighbors get a say because what you do on/with your property can significantly affect your neighbors. When one property owner does something that adversely affects a neighbor, that sometimes leads to conflicts…
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Definitely appreciate that many will benefit from farming it out, so I think this company substantially expands the addressable market, but in support of DIY (as someone who was raised in the house my father built), building your own such modest project is very achievable, particularly if you farm out electrical and plumbing concerns. With respect to managing contractors, my understanding is that roughly daily superv…
Why do you have to supervise the work of the trades but not this startup? Why are they more trustworthy? If they are ... then you can probably get someone else who is trustworthy to do the job for straight money rather than owning part of your house. If this startup did what they did but just arranged finance as a broker and acted as a letting agent I think it’d be a better deal. The issue I have is the splitting own…
“Not to oversee workmen is to leave them your purse open.” — Poor Richard’s Almanac