251–260 of 736 posts
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Not the city, but the locals who are not in tech.
The whole city suffers in the long run, as business get torn up to make a quick buck with rents, and the city becomes an empty fun park for tourists. The problem obviously exists beyond AirBnB, but AirBnB massively escalated the problem.
I'm skeptical this will work out for Airbnb though. My personal experience is that people who self-select into this type of lifestyle are not going to be as productive. There's too much to do and see in a new city, people to meet, foods to try, parties to go to, coupled with much less oversight.
A critical component for remote work productivity is having a routine that somewhat mimics the routine of going in to the office. That said, it can be really hard to detect low performers, and the market is really tight right now so this might be around for a while.
>Most companies don’t do this because of the mountain of complexities with taxes, payroll, and time zone availability, but I hope we can open-source a solution so other companies can offer this flexibility as well. I think this is a genius growth play for Airbnb. Make it easier for _other_ companies to operate in a similar way so that _their_ employees can travel and live in an... Airbnb! Next, they should lobby to g…
>> I think this is a genius move for Airbnb. Make it easier for _other_ companies to operate in a similar way so that _their_ employees can travel and live in an... Airbnb! Yes. Like the story of Ford doubling the wages it paid to factory workers in 1920s. So that those workers could afford a car, and the whole economy eventually followed suit.
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Because it's almost impossible to purchase a house if you live and work in a large city now. Airbnb "hosts" use their ever growing stream of reverse mortgages to purchase more and more single family homes at cash offers over what others can afford.
Do you think this is an primarily caused by Airbnb?
>Most companies don’t do this because of the mountain of complexities with taxes, payroll, and time zone availability, but I hope we can open-source a solution so other companies can offer this flexibility as well. I think this is a genius growth play for Airbnb. Make it easier for _other_ companies to operate in a similar way so that _their_ employees can travel and live in an... Airbnb! Next, they should lobby to g…
I'm not an immigration/tax lawyer and could be completely wrong but if you're from EU/US/UK/AUS etc I'm fairly sure you can work in another one of those countries for up to 90 days (and sometimes upto 183) without paying tax there or getting a work visa - as long as you're still resident and being paid in your home country under the Visa Waiver program. I've worked in NY offices and got paid in UK (admittedly a while…
The US substantial presence test is actually something like 31 days in the current year, and ~180 calculated as a weighted sum of presence over all visits in the preceeding few years. That's just to determine if you should pay tax, and note that vacations to the US contribute. Whether you can legally work in the US is another matter. I had to get a a J1 visa for a two week stay in the US because I was being paid remotely by a US organisation. So in this case I was working but paying taxes elsewhere.
Most Europeans have access to things like cross border permits e.g. Switzerland/Germany and within the EU freedom of movement means it doesn't really matter much. You just register with the City Hall or wherever in your target country.
It comes down to how honest you are. Lots of digital nomads illegally claim they're on holiday, and who's checking? I'm sure a lot of people would be happy to pay a fee for a temporary work permit though.
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I have two points I think: there are more components than you are giving high COL areas credit for, and that even if high COL see some sort of exodus, this is not good for low cost of living areas. I have been working remote for startups since 2019 and for whatever reasons, you could attribute this to low interest rates I suppose in your favor, things have gotten INSANELY more expensive. NYC, Boston, DC, Seattle, SF,…
Certainly people will continue to enjoy living in specific cities and near to things. I don't dispute that. I dispute that real estate will rise in real terms nationally. Now that the constraint of working in a specific location is gone, yes, people will migrate to areas for desirability of living, not because they're forced to for work. However, price is an aspect of desirability. It's very hard to imagine how the B…
Plenty of people want to live in the Bay Area beyond those working in big tech. This isn't Detroit; there are plenty of other industries that hire people here. Not to mention all of the working class people who are commuting in from Richmond, Vallejo, and other LCOL areas. People want to move there for the Mediterranean climate. For the political climate. Not to mention the children of locals who have been living at home for extended amounts of time. Long-time renters. Remote work will not bring down real estate prices as much as you believe. Especially since housing scarcity props up the prices.
The real estate market, like all markets of the modern era, can remain irrational for longer than you can remain solvent.
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I'm not an immigration/tax lawyer and could be completely wrong but if you're from EU/US/UK/AUS etc I'm fairly sure you can work in another one of those countries for up to 90 days (and sometimes upto 183) without paying tax there or getting a work visa - as long as you're still resident and being paid in your home country under the Visa Waiver program. I've worked in NY offices and got paid in UK (admittedly a while…
This only works if you are holder of passport of the origin country. As a third world country national, I cannot legally work anywhere except the country I got my work visa. PS: Even if company is multinational corporation.
A few decades ago, there was a group of wealthy countries, a group of poor countries, and a large gap between them. Back then it made sense to see them as 2 separate groups, first world and third. Right now however, they're no longer separate groups - there's a continuous spectrum. A growing number of countries have been crawling out of poverty.
Some countries are rich, some are poor, and some are in between. They're no longer separate groups.
(This of course does not mean that there isn't a poverty problem in the world. Just that "third world" no longer accurately describes the situation.)
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Because it's almost impossible to purchase a house if you live and work in a large city now. Airbnb "hosts" use their ever growing stream of reverse mortgages to purchase more and more single family homes at cash offers over what others can afford.
Do you think this is an primarily caused by Airbnb?
Hosts now have to be officially registered with the city. AirBnB lost something like 90% of their hosts overnight!
Ive worked for a coding bootcamp since before covid. We used to be in person only and Ive gotten to see the ups and downs of the full-remote transition for at this point hundreds of jr devs entering the field. Long story short everything I thought would get negative blowback or go up in flames didnt. I keep waiting for the other shoe to drop and it never does. Our students work through around 1000 hours of computer s…
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I think a lot of founders and their friends are using the office as a replacement for a healthier separate social circle and social life that they lack (a lot of people lack that, and they do too), so for them they're really just hanging out and like the potential for “increased collaboration” for that reason
(1) Healthiest = great social circle at work that bleeds into social circle out of work (2) Less healthy = great social circle at work, separate great social circle outside of work (3) Even less healthy = no social circle at work (just a job), great social circle outside work (4) Worse = great social circle at work, no social circle outside of work (I never seen this situation. If you have a great social circle at wo…