Loftium: Get a down payment for Airbnb'ing a room in your new home

Product Hunt

Creative approach, although I'm unsure how many people that want to buy a house that are willing to agree to host on Airbnb for 12 to 36 months.

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7yr ago

Marcus Vlahovic

Sustainabody

@rrhoover My first impression was that it was for people who wanted to buy a house faster than they typically could out of their means, and that they might have been Airbnb hosts before - from that perspective I love it! It's not for me but I think it's an interesting take / new economical viewpoint.

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7yr ago

Adam Stelle

Loftium

Maker

@rrhoover @m_____v Thanks a lot Marcus! Indeed, that's our core customer segment... the backstory is that with skyrocketing student debts and rent costs, even people with solid incomes will take another 5+ years to accumulate enough savings for a down payment (even 5/10%... as an example of this, one of our first customers works at Microsoft.) In the last 24 hours over 1,000 interested buyers have signed up, the majority of which are able to pay relatively high monthly payments (e.g. $2,000 +) but don't have enough saved for the down payment (e.g. $20,000).

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7yr ago

Marcus Vlahovic

Sustainabody

@rrhoover @adamstelle Totally makes sense - I think it's a cool thing and will be so excited to see it go beyond Seattle, too - when the time is right!

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7yr ago