How is this terrifying? Each one of those dots represents actual wealth being created.
>Each one of those dots represents actual wealth being created. Or - maybe - subtracted from the potential wealth of hotels and similar.
I'm not sure what the overall impact of Airbnb will be on the more low-end jobs. Sure you won't need bellboys etc, but cleaners will still be handy. I remember reading about a guy who had a very smooth Airbnb operation. He had dedicated fixers (electricians, furniture restorers, etc), and cleaners. So all he really had to do was approve random people who wanted this house for a while, and he was effectively making 2x what he would from rent, though this might have been riskier than just renting it out.