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They aren’t “extracting wealth” from communities any more than Booking.com does. In fact, AirBnB creates wealth. A person renting out a room on AirBnB is econom
by briandear 8y ago
They aren’t “extracting wealth” from communities any more than Booking.com does. In fact, AirBnB creates wealth. A person renting out a room on AirBnB is economically better off than if they didn’t.
- matchbok 8y agoIncorrect. They are removing apartments from the supply, thus raising rents. A couple airbnbs in a huge apartment building have many external costs that are carried by the other tenants.
- notacoward 8y ago> In fact, AirBnB creates wealth Building something creates wealth. Changing the channel through which payment occurs doesn't create wealth. The host's revenue comes from displacing hotels; the guest's savings come from increased rent for other tenants. If you consider the negative externalities imposed on neighbors, there'd be a stronger argument that AirBnB destroys wealth.