On I Bought a House With Money I Made From Airbnb

@JanieS I blame my parents mostly.

Posted on October 4, 2013 at 2:49 pm 0

On I Bought a House With Money I Made From Airbnb

@frumious bandersnatch I've heard the issue about holding onto a place. And it's near impossible to get a place in SF that you can afford. But putting the blame on the shoulders of AirBnb isn't quite fair. There are millions of reasons why rent is sky high in SF. The least of which is AirBnB. SF is probably the 2nd most desirable city to live in over SF, and geographically it's limited to the 7x7. To make clear I do occasionally use my apartment, and I plan on taking it back eventually. I love the city and want to live there. In the meantime, I've been able to use this unowned asset to help me purchase a house, which will be a 2nd income for myself.

Posted on October 3, 2013 at 3:24 pm 0

On I Bought a House With Money I Made From Airbnb

@pernickety There's a great study about the local impact of AirBnB for a cities economy. Something to the tube of 130 million dollars spent in Paris, and nearly 60 million addition dollars spent in San Francisco just from people staying in AirBnBs. Also, just to be clear, I pay the TOT for SF and will do so for my next place as well. It's between 12% and 13%. It's a significant amount. Although at the next place I plan to build that in to the price I charge for staying.

Posted on October 3, 2013 at 3:21 pm 1

On I Bought a House With Money I Made From Airbnb

@guenna77 Sometimes I like to live on the edge though. I call it "The Danger Zone". This is as close as I'll ever get to flying a mig jet and fighting the Russians.

Posted on October 2, 2013 at 3:17 pm 1

On I Bought a House With Money I Made From Airbnb

@Muriel You're a genius.

Posted on October 2, 2013 at 3:08 pm 0

On I Bought a House With Money I Made From Airbnb

@liznieve I have a business set up. I get a 1099 from AirBnB at the beginning of the year and it's all reported to the IRS. Because it's also a business, I get a lot of tax write offs.

Posted on October 2, 2013 at 3:08 pm 0

On I Bought a House With Money I Made From Airbnb

@Adouble It's not just the one making money. I've had other neighbors go out and get dinner with people who have stayed there. There are about 6 other units on my floor.

Posted on October 2, 2013 at 3:07 pm 0