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I agree with the larger point you're making, but one nitpick: > AirBnB isn't competing with luxury apartment rentals. Have you seen some of the houses listed

• Xylakant 13y ago
  > Luxury apartment rentals have all the right reasons to be worried here. I doubt that. AirBnB is in the "give me an apartment for a short-term stay" market while luxury apartment rentals are more in the "I'd like to rent an apartment for living" market. Judging from a quick lock on the website, Glenwood Real Estate Corp doesn't want to go in the short-term rental market either.
• rayiner 13y ago
  > There are some that ask like $3000 per night. Luxury apartment rentals have all the right reasons to be worried here. That seems to me to be more of a competitor to luxury hotel rentals. Luxury apartment buildings don't rent per night (and many don't rent on terms shorter than say six months or even a year). Indeed, one of the things renters of luxury apartments look for is a lack of short-term or hotel rentals. To the extent apartment buildings are in competition with AirBnB, it's from people leasing out their condos for 6-12+ months. Can you even do that on AirBnB?