We're on a tight budget and i am not too impressed with the choices for Hostels in Hong Kong (including Dragon Hostel which seems to be the popular recommendation).
I've had many great experiences with airbnb in other countries, but i know it's highly dependent on the local laws and the culture. For instance, i heard from a chinese friend not to use in in mainland because of scams.
I thought it might be wise to ask the Hong Kong experts what they thought about the use of this site for their location.
Is it "legal"?
Anything i should be weary about?