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Because AirBNB use in NY amounts to economic rent-seeking. That is fundamentally different than disallowing a class of people to participate in the economy.
by weeksie 10y ago
Because AirBNB use in NY amounts to economic rent-seeking. That is fundamentally different than disallowing a class of people to participate in the economy.
- yummyfajitas 10y ago"Rent seeking"? I'm confused. AirBnB helps price goods closer to their market rate by expanding the market. If anything, the people who don't want to compete on price with AirBnB are the ones who are rent seeking.
- weeksie 10y agoIt's an economics term. https://en.wikipedia.org/wiki/Rent-seeking https://en.wikipedia.org/wiki/Rent-seeking
- yummyfajitas 10y agoAnd you're misusing it.
- weeksie 10y agoSorry mate, I don't think you have a good enough grasp on econ to have this discussion.