Arbitrage ... The Didnt Want to Listen
While new Arbitrage/Master Leaser threads piled on here for many months, some of us tried to warn them. And of course some forum residents here egged them on. Likely in a year, we will see a new stream of Brian Page and Arbitrage threads again because people just don't listen.
this is a business. Again, it's not about reward. It's about risk-adjusted reward.
From CNBC:
https://news.google.com/articl...
"hosts are trying to stay afloat on mortgages and arbitrage leases after the demand for short-term rentals has suddenly dried up due to the coronavirus pandemic.
An arbitrage is when a host rents a property and then rents it out to other people on Airbnb.
I'm putting someone in my house and crossing my fingers they'll pay because I can't evict them, Ray said. But I can't keep it on Airbnb because that's a guaranteed loss."