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> If I buy a house in a neighbourhood that is zoned single family residential, Am I an "inefficient incumbent" because I expect that over the mid-to-long term i
by wallawe 8y ago
> If I buy a house in a neighbourhood that is zoned single family residential, Am I an "inefficient incumbent" because I expect that over the mid-to-long term it will stay that way?
The incumbents I was referring to are clearly hotels and taxis. But I think it's also important to point out that I wouldn't presume to tell you who to rent to or for what duration since you own the home and it's your property. AirBnB is merely a facilitator of that transaction.
If you don't own the property, that's different story.
- TeMPOraL 8y ago> The incumbents I was referring to are clearly hotels and taxis. Sure, but you're forgetting about another party in the transaction: everyone else. You don't have to remember about them most of the time, because unlike Uber and AirBnB, most businesses aren't dumping externalities on non-customers. > I think it's also important to point out that I wouldn't presume to tell you who to rent to or for what duration since you own the home and it's your property. AirBnB is merely a facilitator of that transaction. That works well if you're the only one with a property within shouting range. Most people live (and most AirBnB activity happens) in large, organized groups. In a civilized society, you're not free to do anything you like without regard to the freedoms of others.
- smileysteve 8y agoYou say this, but in the great depression it was perfectly normal to open up extra rooms to borders if you had the room. We live in a time/place where money is reasonably readily available; You take that away and "society" makes all sorts of accommodations for "you're preventing homelessness" and "you're doing what you have to do to pay your debts". Though given rising inequality, we might be closer than we think.