{"version": "1.0", "type": "rich", "title": "A Down Payment With a Catch: You Must Be an Airbnb Host", "author_name": "kontextmaschine", "author_url": "https://kontextmaschine.com", "provider_name": "kontextmaschine", "provider_url": "https://kontextmaschine.com", "url": "https://kontextmaschine.com/post/165635565263/", "html": "A Down Payment With a Catch: You Must Be an Airbnb Host\n

poipoipoi-2016:

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collapsedsquid:

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\nThat was how Loftium, a service in Seattle, came about: It will provide prospective home buyers with up to $50,000 for a down payment,\n as long as they are willing to continuously list an extra bedroom on \nAirbnb for one to three years and share most of the income with Loftium \nover that time.\n\n

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They\u2019ve done it, those crazy bastards, they\u2019ve solved the housing crisis. @poipoipoi-2016 will be so pleased

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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.

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I\u2019m curious if this shows up in purchase price though.

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/And also it\u2019s not $50k for a down payment, it\u2019s $200k

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Friendly reminder that “making ends meet by letting out an empty bedroom to boarders” was a totally normal part of prewar urban housing patterns

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