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I am generally against airbnb as it induces rent-seeking behavior. This is bad for the economy because you are not adding value (in an economic sense). Plus the
by dougSF70 5y ago
I am generally against airbnb as it induces rent-seeking behavior. This is bad for the economy because you are not adding value (in an economic sense). Plus the added dis benefits if increasing rent, reducing housing supply, etc. Ultimately it is a product of cheap money and as soon as the money is no longer cheap, it will be detrimental to airbnb. Sadly, the pandemic has increased our government's addiction to printing money...
- enjo 5y agoDoes a hotel not add economic value?
- michaelmrose 5y agoMost places have enough hotel capacity except for very special occasions meaning it mostly shifts value. To an extent it has an effect it mostly decreases average cost of staying while increasing cost of actually living there almost like vacuuming money out the pockets of residents to give to Airbnb and tourists.
- dougSF70 5y agoI am not even sure it decreases the cost of staying. Hotels are remarkable value except during peak season, and even then airbnb are also expensive. No financial benefit to the tourist.