Post date: Sep 26, 2017 6:9:48 PM
Shortly after our fourth PQP, Prof. Hansen sent us an email with a link to a New York Times article talking about Loftium. Loftium is a start up that provides aspiring homeowners some capital for a down payment or allow them to borrow less, as long as they continuously list an extra bedroom on Airbnb for one to three years. The buyers must share 2/3 of the profit with Loftium, in order to compensate for the down payment and services provided by Loftium. We have started generating a list of pros and cons of Casa Peota and Loftium, as well as a list of differences and similarities between the two. Knowing that a similar idea like Casa Peota exists very helpful for us because it lets us study its viability.