3 ms·
Almost like Uber was marketed, AirBnB was not initially sold as a "make primary income off this". It was a way for people with excess assets (spare car and some
by unethical_ban 3y ago
Almost like Uber was marketed, AirBnB was not initially sold as a "make primary income off this". It was a way for people with excess assets (spare car and some time, spare room in a big house, etc) to make some money and the companies were the broker.
Turning Airbnb into a full-blown rental market with people and LLCs buying houses just for AirBnB was the downfall. At least, that's my interpretation.
- mlrtime 3y agoI think Paris tried to curb this buy allowing Airbnb, but you can only rent out max 50% of the year. This makes it so local owners can make some money, but corporations wouldn't be able to get the yield they need at 50% occupancy.
- kshacker 3y agoAnd did it work? I ask because corporates usually figure out how to use the rules to their advantage and I am now trying to sniff through how they would play this.
- RussianCow 3y agoYeah, doesn't this just end up increasing short term rental prices across the board? It's not like there is a shortage of demand for lodging in Paris.
- saywhanow 3y agoCan I buy a property, rent it out for six months, then re-sell it to this other, totally independent corporation I own? This seems both obvious and difficult to prevent.
- xyzzy123 3y agoUsually there are large and unavoidable transaction costs involved in selling/buying properties. It's a liquidity event on a large amount of capital so it's pretty much inevitable that government want to get involved with taxes, duties, fees etc.
- wodenokoto 3y agoYou got it the wrong way around. The goal for both was to offer full time incomes and compete with taxis/hotels. The “offer a spare room” and “pick up someone going the same way as you” narratives were about skirting regulations.