The risk/reward trade-offs don't seem to be understood by most AirBnB landlords (99.99% chance of earning $100, 0.01% chance of losing $50k+). Even though this is strongly positive expected value, for a family that can't afford to lose $50k this is a game of russian roulette.
My heart goes out to the author of this; I hope the person who did this to her is put in jail, and the system (AirBnB) that enabled that person prevents landlords who can't afford the financial & emotional risk from listing properties going forward.
This is one those places where laws make sense to me; the average person needs to be protected from unknowingly gambling with their family's future.
The risk/reward trade-offs don't seem to be understood by most AirBnB landlords (99.99% chance of earning $100, 0.01% chance of losing $50k+). Even though this is strongly positive expected value, for a family that can't afford to lose $50k this is a game of russian roulette.
My heart goes out to the author of this; I hope the person who did this to her is put in jail, and the system (AirBnB) that enabled that person prevents landlords who can't afford the financial & emotional risk from listing properties going forward.
This is one those places where laws make sense to me; the average person needs to be protected from unknowingly gambling with their family's future.