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Ask HN: Will this be the end of Airbnb?

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Re: Ask HN: Will this be the end of Airbnb?

#81
post #78

Earlier quoted context omitted.

I think the part of the sentence missing in your quote ("while reducing housing availability which primarily impacts lower classes") explains his stance. Usually businesses catering to the upper classes don't usually do so at the detriment of "the poor". For example Ferrari selling 100k+ cars doesn't prevent me from buying a cheap car. Homeowners renting to "rich people" prevents a poor person from renting the same a…

Why do you say it's "above market" when there's a market for it?

I mean "above the rates of the long-term rental market".

I think the argument is that Airbnb and similar take those apartments from the long-term rental market and put them on the (very) short-term rental market, aka the hotels'.

The problem put forward by those arguing against Airbnb is that this is a zero-sum game. If you have tourists who are able and willing to pay more for a flat (aka "middle or higher class"), this reduces housing availability for "the lower classes".

You could, of course, argue that this would be true even without Airbnb if enough "higher class" people wanted to live in a given city all of a sudden. I suppose that's why people also tend to be against gentrification.

Re: Ask HN: Will this be the end of Airbnb?

#83
post #78

Earlier quoted context omitted.

Why do you say it's "above market" when there's a market for it?

I mean "above the rates of the long-term rental market". I think the argument is that Airbnb and similar take those apartments from the long-term rental market and put them on the (very) short-term rental market, aka the hotels'. The problem put forward by those arguing against Airbnb is that this is a zero-sum game. If you have tourists who are able and willing to pay more for a flat (aka "middle or higher class"),…

> this reduces housing availability for "the lower classes".

Only in the areas that are popular tourist destinations. I guess that's something that NIMBYs seem to care about that I don't identify with at all. Why does it matter if poor people can afford to live in the hottest tourist areas? As we can very clearly tell from the price signals, being there doesn't benefit them nearly as much as it benefits the tourists.

As you say, the same thing applies to the long-term housing market. The price signals are telling us that there's a large social benefit to having higher-productivity workers living in urban zones, and there's an opportunity cost associated with displacing (counterfactual) high-productivity workers with low-productivity workers.

Re: Ask HN: Will this be the end of Airbnb?

#84
post #68
post #67

Earlier quoted context omitted.

We are talking about the majority of the reason why people use Airbnb. It's used as a replacement for hotels for people on vacation. Of course having a cheap place to stay for people who can't afford hotels when they're traveling is a necessity. That role was traditionally filled by hostels and I'm not sure if Airbnb is a good replacement for that when you look at all the downsides.

When my family was homeless, we would have killed to have had the security of an AirBnB available back then. Instead we stayed in a number of different places, many of which were downright dangerous. After we clawed our way out of poverty, my parents were unable to afford to take our family anywhere for over a decade. The first family vacation we ever took we slept in the car and brought all of our own food. Poor peo…

Thanks for assuming my background. Rest assured I grew up in poverty that few have experienced, even in the third world country where I grew up.

Moreover, i don't really care about your lived experience and I don't think you should care about mine either - I think in these types of discussions its better to take a statistical approach and see the effect of Airbnb at a societal scale - its the only way to make just decisions that aren't short sighted.

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