A Down Payment With a Catch: You Must Be an Airbnb Host
That was how Loftium, a service in Seattle, came about: It will provide prospective home buyers with up to $50,000 for a down payment, as long as they are willing to continuously list an extra bedroom on Airbnb for one to three years and share most of the income with Loftium over that time.
They’ve done it, those crazy bastards, they’ve solved the housing crisis. @poipoipoi-2016 will be so pleased
OMG, this is the stupidest thing. The only way anybody can afford a home in these cities is to rent out the second bedroom and throw the rental income at the mortgage.
I’m curious if this shows up in purchase price though.
/And also it’s not $50k for a down payment, it’s $200k
Friendly reminder that “making ends meet by letting out an empty bedroom to boarders” was a totally normal part of prewar urban housing patterns