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The main issue with Airbnb is that a few companies own a huge percentage of the flats. It's a big, unregulated, industry without any responsibility that is driv
by dariosalvi78 10mo ago
The main issue with Airbnb is that a few companies own a huge percentage of the flats. It's a big, unregulated, industry without any responsibility that is driving regular hotels out of business and locals out of their neighbouhoods. Of course it has to end at some point.
- subpixel 10mo agoSee my other comment. When 30% of the housing stock is short-term rentals that families cannot buy, it doesn't matter at all who owns them. Where I live, they are all owned by locals, but that doesn't remediate any of the issues short-term rentals cause.
- dariosalvi78 10mo agoLocal, middle class owners can own how many empty flats? 1%? 10%? Of course I don't have a number, but I'd bet that if you remove the mega-owners, that 30% would drop significantly. Airbnb was not a bad idea, but it has been perverted. It's time to regulate it and probably break it too.
- subpixel 10mo agoOwnership class is all conjecture, but it really doesn't matter because all owners behave the same way. It's not as if local owners rent less, or charge less, or leverage their property less.
- mistrial9 10mo agono it does not have to end. I mean to say, it is foolish to think you know how systems will play out over time. If the game rules are imbalanced then no one knows.
- dariosalvi78 10mo agoSure, let it expand infinitely until it owns all real estate on earth