4 ms·
> AirBNB has greatly increased the supply of housing in each city Technically, it's increased the supply of short term lodging. Housing supply would have to b
by jimmywanger 10y ago
> AirBNB has greatly increased the supply of housing in each city
Technically, it's increased the supply of short term lodging. Housing supply would have to be increased by construction or subdivision of units.
> If you're seeing that AirBNB is just as expensive as hotels
It's not an entirely fluid market, and some AirBnb hosts have wildly inflated ideas of what their unit is worth. A lot of AirBnbs (in my searches) sit mostly empty except for during events, during which they overcharge greatly. The vacancy rate acceptable for an AirBnb is much higher than the acceptable vacancy rate for a hotel.
- nostrademons 10y agoMany AirBnB hosts rent out their primary residence. We rented one for our wedding where the family that lived there just decided to go camping that weekend; if you're income-poor but house-rich, getting paid a couple grand for a camping trip ain't a bad deal. Similarly, we stayed at an AirBnB for our honeymoon in Sarajevo; the place was our host's actual apartment, hand-decorated by her. She stayed with her parents for the weekend; we were paying her about 2 weeks salary in Bosnia for 2 nights there, so it was well worth her time.