I think the reason why AirBnb in its early days was so cheap is that there were more hosts who let for fun and to socialise. Now that the novelty has fizzled ou

I think the reason why AirBnb in its early days was so cheap is that there were more hosts who let for fun and to socialise. Now that the novelty has fizzled out, the market is left with hosts that let for profit, with prices now reflecting the true costs of operating a hostel. Same thing can be said for ride sharing platforms.