It’s hard to say which of the following, the pandemic, inflation, high house prices or the lack of affordable housing, caused rents to skyrocket. Skyrocketing rents, which come at the same time as housing prices hit historic highs, are making it difficult for people to afford to live. As an entrepreneur, every dollar counts when launching a startup. Combine that goal with rent and utility costs, which in the second quarter of 2022 were 23% higher nationally compared to the same period in 2019, according to census data released earlier this month. .
If we’re heading into a recession, that wouldn’t bring much relief to tenants. When the economy slows, rents don’t go down, but people lose their jobs. One of the reasons rent prices are somewhat resilient in the recession is that people are less likely to buy homes when the economy is not doing well. Maybe there is another option to explore, like living off Airbnb or renting an apartment or house.
The exploitation of remote workers and the adoption of a nomadic lifestyle are on the rise across the world. With the rise of remote work and the gig economy, it’s finally possible like never before. According to a study by MBO Partners, about 19 million American adults plan to start this lifestyle in the next few years, and 45 million are considering it. And there are several possible benefits to working and traveling at the same time.
Way of life: As an entrepreneur, you may want the freedom that comes with meeting experts from around the world and reducing your material costs like rent, transportation (buying/renting a car, etc.).
Travel: Who said traveling was not fun, nobody said it. Why wait until you retire to see the world, do it now.
Network: They say your opportunities are as powerful as your network. Work, travel and build your network at the same time.
Gather fewer things: When you travel and live in Airbnbs, you naturally buy fewer things since you don’t want to carry more things from place to place.
To concentrate: By giving up quite a few material possessions and distractions, it could really allow you to focus on your startup more zealously.
Reviewing the searches for this article, a number of people have given up renting in the big cities of the United States and are moving to smaller towns or traveling to cheaper countries around the world. Here are some of the advantages of living in an Airbnb over renting.
It is fully furnished. You won’t waste money and resources buying towels, sheets, utensils, new furniture, etc. Everything is there for you. And quite a few everyday items like soap, shampoo, pantry items, are already there.
Fewer bills. Usually utility bills such as water, electricity and WIFI internet are included in the cost of your stay. You also don’t pay for garbage service, insurance, and literally have no maintenance. Plus, if you pay for your Airbnbs with a travel credit card, you’ll earn more miles.
Cleanliness. For the most part, Airbnb rentals have some level of cleanliness when you check in. Additionally, for long-term rentals, the host will often offer a regular cleaner for a small additional fee. Perfect if you don’t like to do it yourself or don’t have the time.
New places. One of the great things about moving from one Airbnb to another Airbnb is that you see new places. Whether in small towns or in new countries, it is an opportunity to travel and work, perhaps to meet new experts.
Living outside of Airbnb probably isn’t for everyone. But if you want to travel, reduce your day-to-day responsibilities, perhaps maximize your ability to find talented people to fuel your startup, then this might just be the solution for you.