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Airbnb asks people to donate money to landlords, backlash ensues

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Re: Airbnb asks people to donate money to landlords, backlash ensues

#5

> Airbnb has lost its fucking head. Why would I donate to my host? I can't even afford one house. Well, at least it sounds like many of those hosts can't, either.

Other articles of this topic mentioned this titbit:

> The financial situation is especially dire for megahosts, some of whom bought up dozens of properties and built short-term-rental empires that made up their main source of income (about one-third of Airbnb hosts have more than 25 properties, according to the analytics site AirDNA).

https://www.businessinsider.com/airbnb-asking-renters-to-don...

Re: Airbnb asks people to donate money to landlords, backlash ensues

#6

I suspect that a lot of people jumped on the airbnb hype train and thought they could be a landlord of multiple properties and probably got leveraged. Now they're in trouble as their income dries up.

Interesting theory. How’d you come to that conclusion?

Re: Airbnb asks people to donate money to landlords, backlash ensues

#7

> Airbnb has lost its fucking head. Why would I donate to my host? I can't even afford one house. Well, at least it sounds like many of those hosts can't, either.

s/hosts/speculator/

If you're that leveraged, it simply becomes a gamble which might or might not pay off.

Re: Airbnb asks people to donate money to landlords, backlash ensues

#9
It’s amazing to me that Airbnb tells people that it’s up to them to determine if their contributions are tax deductible. Why would they even write this? Hosts on Airbnb are for-profit enterprises. I’ve never heard or a registered non-profit running Airbnb rentals. What are they thinking?
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