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> harmful to society as a whole By what measure? You imply that their product being cheaper or unregulated is harmful to society, but you haven't offered any r
by hi_im_miles 6y ago
> harmful to society as a whole
By what measure? You imply that their product being cheaper or unregulated is harmful to society, but you haven't offered any reason as to why. It's also not a tax-free product.
- SaxonRobber 6y agoBecause it lowers the housing stock in urban areas. Wealthy travellers will pay more for accommodations than the local market, so apartments become airbnbs and investors gobble up condos and housing which they turn into short term rentals. The scarcity pushes up the housing prices, but it never balances out because the locals can never make enough to compete with wealthy travellers and are forced farther from the city. The end result is a hollowed out city core.
- goatinaboat 6y agoThis is very well known by now https://www.theguardian.com/technology/2020/feb/20/revealed-the-areas-in-the-uk-with-one-airbnb-for-every-four-homes https://www.theguardian.com/technology/2020/feb/20/revealed-... I would be willing to be that most AirBnB hosts are not registered businesses and paying the taxes they owe... for running hotels —— From @amiga_500 I'll add my comment here as I mentioned unearned income, which hacker news really don't like, so they gave me the fake "you're posting too fast" even though I've posted nothing for over 20 minutes. Ah so that’s what triggers it! Same thing just happened to me!