A common quote on HN (and one that I firmly believe in) is: > It is difficult to get a man to understand something when his salary depends upon his not understanding it. This so applies to AirBnB. It's not salary per se but those that benefit by renting out units or those for whom this has saved them money I've found typically get so defensive about AirBnB to the point of calling detractors NIMBYists and the like. I'…
Exactly. The whole concept of residential property as an investment must go. I wonder if enough AirBnB in the area could actually drive property cost down, because nobody would like to live there long term and then essentially wiping off all the profits people made by renting out. In the end only the AirBnB would really profit. It's a business model clearly bases on a loophole and should be closed. If someone wants t…
One of the major "lessons" of the famous book Rich Dad, Poor Dad was that wise wealthy people view housing as an asset and investment, whereas poor and middle class people merely view it as an expense. This thinking is now deeply ingrained in our culture.