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This smells a lot like when crypto people say their markets will affect greater financial markets. The scale is just not there.
by cogogo 3y ago
This smells a lot like when crypto people say their markets will affect greater financial markets. The scale is just not there.
- simmerup 3y agoIn hot markets house prices are decided on the margins, so a small group of people can have an outsized input on prices
- cogogo 3y agoMy comment was definitely flippant but in large metro areas airbnb at the margin leading to a rapid price increase is not the problem. It’s supply. No supporting evidence here because it’s pretty broadly available for many real estate markets.
- bagels 3y agoIf there is suddenly 5x the supply from airbnb divestment, it can move prices. It seems like the winning move is probably to just do a regular rental instead of selling though.