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Don't forget to tip your airbnb host
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07-15-2020, 08:25 AM
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#1
Don't forget to tip your airbnb host
These are people struggling to maintain their multiple properties
https://www.businessinsider.com/airb...acklash-2020-7
After the COVID-19 pandemic obliterated Airbnb revenues across the globe, the short-term-rental platform has begun asking guests to chip in by sending "kindness cards" that include cash donations to their former hosts — who have seen billions of dollars in revenue vanish in recent months as travel has ground to a halt because of the pandemic.
Spoiler!
The new tool appears to be another effort to assuage hosts' financial concerns, this time by soliciting contributions from former guests. An Airbnb spokesperson told Business Insider that 100% of the proceeds from the kindness cards would go to the hosts.
"In the spirit of rekindling connections, we developed a new feature that allows guests to send virtual cards with messages of support and encouragement to hosts who provided excellent hospitality. If they wish, guests have the option to add a voluntary financial contribution," the spokesperson said.
But the tool has been met with swift backlash from people on Twitter who say they're similarly struggling to save money amid the pandemic and question why it should be their responsibility to support hosts.
"Airbnb has lost its f---ing head," one person tweeted.
Hosts have directed their anger at Airbnb, saying the company implemented cancellation policies at the onset of the COVID-19 pandemic that cost them even more money. Airbnb said in March that it would spend $250 million to reimburse hosts for guests' cancellations that stemmed from coronavirus shutdowns.
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 properties are owned by hosts who manage at least 25 properties, according to the analytics site AirDNA).
New York Times tech reporter Mike Isaac said the program was "like the mortgage-backed securities of the sharing economy."
"I'm not sure I will be contributing to the mortgage for anyone's second house at this time," another Twitter user wrote.
https://www.businessinsider.com/airb...acklash-2020-7
After the COVID-19 pandemic obliterated Airbnb revenues across the globe, the short-term-rental platform has begun asking guests to chip in by sending "kindness cards" that include cash donations to their former hosts — who have seen billions of dollars in revenue vanish in recent months as travel has ground to a halt because of the pandemic.
Spoiler!
The new tool appears to be another effort to assuage hosts' financial concerns, this time by soliciting contributions from former guests. An Airbnb spokesperson told Business Insider that 100% of the proceeds from the kindness cards would go to the hosts.
"In the spirit of rekindling connections, we developed a new feature that allows guests to send virtual cards with messages of support and encouragement to hosts who provided excellent hospitality. If they wish, guests have the option to add a voluntary financial contribution," the spokesperson said.
But the tool has been met with swift backlash from people on Twitter who say they're similarly struggling to save money amid the pandemic and question why it should be their responsibility to support hosts.
"Airbnb has lost its f---ing head," one person tweeted.
Hosts have directed their anger at Airbnb, saying the company implemented cancellation policies at the onset of the COVID-19 pandemic that cost them even more money. Airbnb said in March that it would spend $250 million to reimburse hosts for guests' cancellations that stemmed from coronavirus shutdowns.
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 properties are owned by hosts who manage at least 25 properties, according to the analytics site AirDNA).
New York Times tech reporter Mike Isaac said the program was "like the mortgage-backed securities of the sharing economy."
"I'm not sure I will be contributing to the mortgage for anyone's second house at this time," another Twitter user wrote.
07-15-2020, 08:27 AM
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#2
- OffwhiteBrah
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07-15-2020, 08:30 AM
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#3
- HMFIC_BROWSIN
- Buy high, sell higher.
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- HMFIC_BROWSIN
- Buy high, sell higher.
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I'd also like a tip.... my income is down 60%, but luckily for everyone else, it's my problem.
07-15-2020, 08:32 AM
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#4
- Tornach
- OG @ Castle Grayskull
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- Tornach
- OG @ Castle Grayskull
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Watch out OP.
The "financially savvy" miscers here recommended buying multiple properties using loans instead of buying a single property using cash.
Apparently unforeseen situations never arise

The "financially savvy" miscers here recommended buying multiple properties using loans instead of buying a single property using cash.
Apparently unforeseen situations never arise

Rustling NPCs' jimmies without even trying crew
"I've watched a lot of movies, I know what I'm doing."
"The Best Revenge is Massive Success"
Not going to be a Darkseeker crew.
RIP Duckenheimer
RIP SemperFudge
07-15-2020, 08:36 AM
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#5
- soaponarope1
- 6'2" 227
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- soaponarope1
- 6'2" 227
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Originally Posted By Tornach⏩
Yeah, but you also have to save a decent portion of the income generated from the properties in order to cover periods of vacancy. If you can't cover a year of vacancy, don't invest in rentals.Watch out OP.
The "financially savvy" miscers here recommended buying multiple properties using loans instead of buying a single property using cash.
Apparently unforeseen situations never arise

The "financially savvy" miscers here recommended buying multiple properties using loans instead of buying a single property using cash.
Apparently unforeseen situations never arise

07-15-2020, 08:41 AM
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#6
Are people seriously this delusional?
1. I don't owe you chit just because I previously bought something from you and your business is failing now
2. Even if everyone did "tip", it wouldn't make much of a difference for someone struggling to keep a property
1. I don't owe you chit just because I previously bought something from you and your business is failing now
2. Even if everyone did "tip", it wouldn't make much of a difference for someone struggling to keep a property
Don't hit at all if it is honorably possible to avoid hitting; but never hit softly.
07-15-2020, 09:23 AM
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#7
Originally Posted By HMFIC_BROWSIN⏩
Have you thought about a GoFundMe for a 10k mountain bike that you need because of COVID?I'd also like a tip.... my income is down 60%, but luckily for everyone else, it's my problem.
07-15-2020, 09:42 AM
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#8
- HMFIC_BROWSIN
- Buy high, sell higher.
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- HMFIC_BROWSIN
- Buy high, sell higher.
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Originally Posted By Drhunglow⏩
I guess I could do that.... Do I need to say I have a starving dog or something?Have you thought about a GoFundMe for a 10k mountain bike that you need because of COVID?
07-15-2020, 02:56 PM
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#9
07-15-2020, 02:57 PM
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#10
- dannyg1217
- Registered User
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- dannyg1217
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Doing an air bnb at the end of the month,,,no thanks Timothy, get fukt
Yellow fever crew
High test Manlet crew
EE master race
5'7" @ 175
PRs, B325 S405 D405
07-15-2020, 02:58 PM
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#11
- isawthesign
- Registered User
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- isawthesign
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Shoulda saved for a raining day fund.
Did they try not having advocado toast every day?
Did they try not having advocado toast every day?
07-15-2020, 03:29 PM
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#12
07-15-2020, 03:36 PM
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#13
- Zackad
- Keanu Reeves Checking In
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- Zackad
- Keanu Reeves Checking In
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lmao they're out of their minds
This is how you make money. It's always high risk-high reward. They took the risk of owning multiple properties for rental income. Bet they didn't even plan for a scenario where they might have to leave their properties vacant for extended periods either, or actually be unable to rent them out.
This is how you make money. It's always high risk-high reward. They took the risk of owning multiple properties for rental income. Bet they didn't even plan for a scenario where they might have to leave their properties vacant for extended periods either, or actually be unable to rent them out.
"So t
07-15-2020, 03:38 PM
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#14
07-15-2020, 03:42 PM
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#15
- ZeroPercentTip
- Banned
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- ZeroPercentTip
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I know exactly how much they'll be getting from me
07-15-2020, 03:57 PM
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#16
07-15-2020, 03:59 PM
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#17
- VisionaryLarry
- Registered User
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- VisionaryLarry
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Yea as someone that will eventually get into real estate, I will not be like these guys. These people are a part in ruining the housing market.
brb buy multiple properties with 5% down
brb rent out for premium prices
brb major cash flow business
brb when **** hits the fan they can't pay their over leveraged mortgages
brb complaining they are getting screwed
brb want special tips
This is the thing I never understood. When you do something like that, you knowingly take on all that risk. Not preparing or being able to deal with issues, is on you.
That's why I'll either buy cash, or have a lot of equity in something in case chit goes down.
brb buy multiple properties with 5% down
brb rent out for premium prices
brb major cash flow business
brb when **** hits the fan they can't pay their over leveraged mortgages
brb complaining they are getting screwed
brb want special tips
This is the thing I never understood. When you do something like that, you knowingly take on all that risk. Not preparing or being able to deal with issues, is on you.
That's why I'll either buy cash, or have a lot of equity in something in case chit goes down.
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