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By building a market for buyers and sellers of otherwise unused low marginal cost assets they are clearly creating value. You can argue that by not vetting they
by acgourley 15y ago
By building a market for buyers and sellers of otherwise unused low marginal cost assets they are clearly creating value. You can argue that by not vetting they invite random disaster which may be more expensive than the cost of the vetting itself. But you can't say they are not creating value overall.
- farrel 15y agoThis is most certainly what they're not doing. Airbnb has promoted the idea that you can rent out your primary residence to make money. A quote from http://www.airbnb.com/rooms/new http://www.airbnb.com/rooms/new - "Airbnb lets you make money renting out your place. Your apartment will pay for itself!" That is the antithesis of a 'unused low marginal cost asset'.