4 ms·
"AirBnB enabled people to capitalize on under-utilized real estate assets that they own or rent with a little administrative overhead as the only labor input. T
by clairity 10y ago
"AirBnB enabled people to capitalize on under-utilized real estate assets that they own or rent with a little administrative overhead as the only labor input.
The real failure isn't the gig economy, but government economic policy that drives some aspects of living costs higher while real income drops. The biggest culprit here are housing costs."
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you praise airBnB for unlocking economic value yet demonize housing costs. the discordance here is that airBnB encourages rent-seeking behavior which will worsen housing costs, as that rental value gets priced into the cost of the home over time.
for economic stability's sake, we should favor labor over asset ownership in our economic policy.