Rental Arbitrage Is TikTok’s Latest Get-Rich-Quick Scheme
vice.com
vice.com
> Introducing: rent-to-rent, also known as rental arbitrage, the parasitic investment strategy that is being touted across social media as a way for the growing number of people who can’t afford to buy their own home to invest in property.
> With the landlord’s consent, they then convert these places into short-term lets or houses for multiple occupation (HMO), which means they can rent them out for more than they are paying and scalp the difference.
> For one, you might wonder how responsible it is to encourage people to convert rental properties into short-term holiday lets right in the middle of a housing crisis.
My pet peeve is when authors launder their opinion into an otherwise factual article using emotionally-resonant language like “scalp the difference” and “parasitic investment strategy”. You can just tell the facts, your readers are capable of making up their own minds on it.
Worse is when it’s an opinion I disagree with. Consider the characterization of this as “scalping”. Sony seemed to put some effort into anti-scalping tech when they couldn’t meet PS5 demand. So isn’t it weird that these people are “scalping” with the landlord’s consent? Why wouldn’t the landlord just do what these people are doing and keep the money?
The answer is that these people aren’t scalping at all. They’re renting an apartment for a year, and rerenting it for a few days. By doing that, they take on more risk and have to put in some effort to furnish the apartment, which they’re willing to do for that price and the landlord is not.
A long term unfurnished apartment is a very different product than a short term vacation rental. Cleaning, laundry, taxes, key exchange, booking, and compliance is what you are signing up to deal with that a long term landlord doesn’t touch.
And it can work quite well until it doesn't.
They want to ban tiktok, no matter what [1,2,3], it's quite fishy the way they treat TikTok, the western media are legitimizing this anti-asia sentiment, almost like some form of racism
For some reason it's alway targeted at foreign products, all other social medias are from the US, as if a rule was to be respected, weird
The only places where i find political stuff and scams are Reddit/Facebook/Twitter/YouTube, Alex Jones, Tate, all the disinformation originated from these places, all US owned products
The only content i find on TikTok are people dancing, people traveling, people cooking stuff and cute animals
[1] - https://www.washingtonpost.com/technology/2022/03/30/faceboo...
[2] - https://www.nbcnews.com/tech/tech-news/tiktok-ban-midterm-el...
[3] - https://www.theguardian.com/technology/2022/nov/02/tiktok-te...
that's a supposition, disinformation perhaps
everyone can put javascript trackers on their website, even criminals
if data is this important why do we let companies harvest it and sell it without our consent?
what the chinese government has anything to do with tiktok? a private company that plan to go public with an IPO
hostile government? i think it's the opposite, the US government is hostile to china
why do they let them manufacture all of their goods if they are "that hostile"?
something doesn't compute well
We need land value taxation yesterday.