Thanks. It was disconcerting that they marketed the company to investors as having been done with the acquisition phase, and then what did they do? Acquire. Quick! Build a website for rental homes and sell it to HomeAway while they still have funny money to burn! Sell them a website, quick, before they burn more money on fancy offices and such.
Also, a bit disconcerting to see nonstop insider selling. What an excellent sign of self-confidence and commitment. Where are the Carnegies and the Vanderbilts--people who believed in themselves and their businesses and tied their fortunes to them, accordingly? Not at HomeAway, apparently.
I like many of the things that HomeAway has done and is doing, but there are negatives, too. At this crazy valuation, those negatives carry weight. I wish them the best and have been content to watch from the sidelines for now.
great point. Excellent business case, take under utilized housing assets and convert them into a viable cottage industry of high quality rental property that makes vacations affordable for working families.
money stays in the local community and isn't sucked up by large hotel conglomerates that produce inferior hotel room product and who don't pay good wages.
Adds to the tax base and produced other business locally. Seems like a valuable service for the communities that participate as it stimulates investment in a local community.
whats not to like? In time when many people think the internet is about streaming TV shows, we have a company that is moving the chains forward and making real human progress.