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The founders found a way to utilize otherwise vacant housing. After they got big people started buying specifically to lease on AirBnB but that would have been
by jdsully 7y ago
The founders found a way to utilize otherwise vacant housing. After they got big people started buying specifically to lease on AirBnB but that would have been considered crazy before they effectively changed the culture around this.
It was this cultural change that created value.
- eigenvector 7y agoIt was considered crazy before because it's largely illegal, and there was no global online platform where you could anonymously advertise and take payment (with credit cards!) for an illegal service. Airbnb solved the trust problem inherent in providing or consuming an illegal service.
- new_realist 7y agoVacant housing existed because of a conscious choice by society to preserve the residential character of non-tourist districts. Tourists are generally well off, because travel is discretionary or paid for by big business. Now that these wealthy travellers are permitted to parachute in anywhere, rents rise and residents lives are made harder. Like your den? Too bad, you'll have to share it with strangers now in order to afford your house. AirBnB is a gift to rich out of towners.
- jdsully 7y agoJust because the value creation goes to the well off does not mean value wasn’t created.
- deleted 7y ago[deleted]