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A more accurate description would probably be "pretending to monetize surplus capacity while actually enabling misallocation of scarce resources"
by takno 10y ago
A more accurate description would probably be "pretending to monetize surplus capacity while actually enabling misallocation of scarce resources"
- ionforce 10y agoHow are Uber and Airbnb a misallocation?
- wool_gather 10y agoUber perhaps not, but the main problem with AirBnb is the transformation of homes into de facto hotels. Long-term residential rentals are misallocated as short-term when the supply of the former is already tight.
- dzhiurgis 10y agoMy definition of hotel is multi-unit building with service workers. It sucks if your neighbour now has 500% more foot traffic, but it's not exactly opening a lumber yard next door.