8 ms·
How are Uber and Airbnb a misallocation?
by ionforce 10y ago
How 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.