Airbnb Crowds Out First Time Home Buyers And Renters

Home ownership is increasingly elusive. Whether it be the higher credit score needed or increased down payment or income to expense ratios that are in stone. But before all those hurdles the biggest hurdle of all is the melt up of home prices facilitated by easy money Fed policies. Easy for whom? Hedge funds with access to credit markets are now more than ever before to be the cash buyer of homes. They in turn either flip it or rent it. No way is the money manager going to move in.Now comes Airbnb. Similar to a geeky chimera of Genghis Kahn it changes the calculus of home ownership for an individual and puts home ownership out for bidding against the prospect of renting a home out to OUT OF TOWNERS. For example San Francisco real estate already exalted receives another bubble boost of effectively promising an extra income possibility. Under the new math possibility a typical one bedroom can be rented for $200 per night-roughly $6000 per month income.But the mortgage and expenses add up to only $3000-4000 per month.Looks like a good deal to the new class of Airbnb inspired who are similar to a somewhat humane Great Kahn's roving horde. These newly rich buyers who wouldn't think of living in a one bedroom now salute Airbnb. Genghis Kahn had his mandarins albeit on horseback. Do you think that G.K.'s pals could preemptively deal themselves in on Kahn's droppings at the feasting table and scope possibilities and position themselves appropriately? But where does that money come from? There so much money in circulation that finding places to store it can be a problem.

Airbnb San Francisco: Make Yourself At Home And Don't Worry About The Neighbors

Airbnb is rolling out in San Francisco. San Francisco, where people leave their hearts and find new experiences.The night life that carries over to the next day is more apt to happen here than any other swinging city. Meet new people. Have a ball.Raise the roof. But what about the neighbors? Don't give it a thought. Airbnb has the fix in at a politically friendly City Hall. Already the Planning Commission is rolling back decades old common sense residential neighborhood conforming codes so Airbnb can bring out-of-towners into the serenity of quiet neighborhoods.Parking? Not a problem. Use what's available.Screw the block.Who are the neighbors going to complain to? There's no front desk at Airbnbn rentals. Late party noise? So what. Airbnb has no clerk standing by to hear complaints.What's a neighbor who has lived there for years to do to these yahoo's from out-of-town? Knock on the door and tell them to be quiet? Well that could be the beginning of a vigilante event but only if it's backed up by some credible threat. It's not old fashion, " A man's home is his castle." Sounds like a good plea of self defense in court.

Genghis Khan Killer App : Sharing Community

Genghis Khan a.k.a. Temujin (1162-1227)together with his Mongol hoard controlled China, Asia and parts of Eastern Europe. He was in the east what the Romans were in the West. He killed like the Romans killed. But the Romans left a culture behind including magnificent architecture.The Great Khan left only carnage. Some was buried. Most rotted. Genghis Khan led a mass of poor. They had nothing . That was an asset. They had nothing to lose. So like locusts they spread and migrated out to neighbors near and far. They took and killed. They were akin to day labor. But they didn't ask for jobs. They just took living day by day.Genghis Khan was the leader of this sharing community.Todays 21st century middle class is under a similar pressure of need to find a living fro day to day as did the Mongol hoard. With the internet as their quasi emperor opportunity are every where. Mandrins like airbnb, Lyft, Alibaba, Uber and others offer platforms to auction excess personal property to anyone for hire/rent.Unlike the Mongols the modern day hoard use money as the medium of exchange. But that could default into a barter if someone could keep score of products for barter.A true cashless society would emerge. Freedom from large parts of government intrusion could be eliminated.