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> AirBnB is one of the poster children of VC backed companies extracting profits at the cost of society Do you have any evidence to back up that claim? Because

> AirBnB is one of the poster children of VC backed companies extracting profits at the cost of society Do you have any evidence to back up that claim? Because hard data shows exactly the opposite: https://www.bls.gov/opub/mlr/2018/beyond-bls/how-airbnb-has-affected-the-hotel-industry.htm https://www.bls.gov/opub/mlr/2018/beyond-bls/how-airbnb-has-...

ashtonkem 6y ago
That’s focusing on AirBnB’s effect on the hotel industry, but I’m more concerned about AirBnB’s effect on the rent market. This is a subject that’s been pretty well covered here before.
- alentist 6y ago
  I don’t think you read the link before downvoting it. It’s about the effect on the hotel industry as well as consumers and hosts. You also haven’t provided any evidence to back up your claim. I’d be curious to read it, if it exists.
  - ashtonkem 6y ago
    I absolutely read your link, it was talking about hotel consumers. But I was never concerned about hotel consumers; I was concerned about the effects on everyone else. Studies into various markets have shown that AirBnB increases rent for residents by converting long term rentals to short term rentals, reducing housing supply. The question is whether or not the increased tourism offsets the damage caused to the housing market. Studies point towards the answer being “no”. Source: https://www.epi.org/files/pdf/157766.pdf https://www.epi.org/files/pdf/157766.pdf This is not an out there theory on my part; the name for this is the “AirBnB effect”, and searching for that shows articles in Forbes, EPI (linked), the Guardian, The Harvard Business Review, among others.
    - alentist 6y ago
      You absolutely did not, because it very clearly states it's not just about hotel consumers: It's about the welfare effects on hotels, travelers (including those who otherwise wouldn't have been hotel consumers), and hosts [1]. Why do you keep mischaracterizing it? The EPI thinktank report you linked to simply states the costs outweigh the benefits without any numbers to support that conclusion. This paper, on the other hand, does look at the numbers. I appreciate the reference, however. [1] https://www.nber.org/papers/w24361.pdf https://www.nber.org/papers/w24361.pdf

ashtonkem 6y ago

That’s focusing on AirBnB’s effect on the hotel industry, but I’m more concerned about AirBnB’s effect on the rent market. This is a subject that’s been pretty well covered here before.

alentist 6y ago
I don’t think you read the link before downvoting it. It’s about the effect on the hotel industry as well as consumers and hosts. You also haven’t provided any evidence to back up your claim. I’d be curious to read it, if it exists.
- ashtonkem 6y ago
  I absolutely read your link, it was talking about hotel consumers. But I was never concerned about hotel consumers; I was concerned about the effects on everyone else. Studies into various markets have shown that AirBnB increases rent for residents by converting long term rentals to short term rentals, reducing housing supply. The question is whether or not the increased tourism offsets the damage caused to the housing market. Studies point towards the answer being “no”. Source: https://www.epi.org/files/pdf/157766.pdf https://www.epi.org/files/pdf/157766.pdf This is not an out there theory on my part; the name for this is the “AirBnB effect”, and searching for that shows articles in Forbes, EPI (linked), the Guardian, The Harvard Business Review, among others.
  - alentist 6y ago
    You absolutely did not, because it very clearly states it's not just about hotel consumers: It's about the welfare effects on hotels, travelers (including those who otherwise wouldn't have been hotel consumers), and hosts [1]. Why do you keep mischaracterizing it? The EPI thinktank report you linked to simply states the costs outweigh the benefits without any numbers to support that conclusion. This paper, on the other hand, does look at the numbers. I appreciate the reference, however. [1] https://www.nber.org/papers/w24361.pdf https://www.nber.org/papers/w24361.pdf