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Did Airbnb kill the PM role?

exponentially.substack.com

41–50 of 90 posts

Re: Did Airbnb kill the PM role?

#41
post #4

They did kill a whole bunch of things... like the ability to rent at a reasonable rate and the ability to get a mortgage that doesn't lean heavily on the 'mort' part.

Everyone loves a boogieman. The reason rents are high are not because of short term rentals. They are high because of inflation and globalization.

In high touristy areas you cannot buy a house at all at normal...ish prices, because buyers are overpaying a lot, becase they intend to rent it out via airbnb, so locals are getting pushed out of those areas.

What's so wrong with houses and apartments being for locals and long-term stay, and tourists just staying in hotels?

Re: Did Airbnb kill the PM role?

#42
Getting rid of a job title doesn't mean getting rid of the work that needs doing.

Someone still has to own the "why" and the "what" of the product you're building—if it's not the PM, then it is engineering manager or design leader taking on this role.

Re: Did Airbnb kill the PM role?

#43
post #19

Why is AirBnb still a thing ? Do people like doing chores while on a vacation ?

Personally I find social interactions with hotel employees far more exhausting than straightening up a bit.

// social interactions with hotel employees far more exhausting

Jeez how much are you socializing with the employees that you find it exhausting?

Re: Did Airbnb kill the PM role?

#44

Sounds like Apple, right? You focus on product marketing, keep the decision-making close knit, and say "no" a lot. You can go a long time as an engineer there without ever talking to a product person.

There’s a reason why Airbnb is paying for as many LoveFrom billable hours as they can.

Re: Did Airbnb kill the PM role?

#45
post #4

They did kill a whole bunch of things... like the ability to rent at a reasonable rate and the ability to get a mortgage that doesn't lean heavily on the 'mort' part.

Everyone loves a boogieman. The reason rents are high are not because of short term rentals. They are high because of inflation and globalization.

AirBnB isn't the only factor in rising rent costs, but it's pretty evident that it's a contributing factor:

"AirBnB has increased the median long term rent in New York City by 1.4% in the last three years, resulting in a $380 rent increase for the median New York tenant" [https://www.mcgill.ca/newsroom/files/newsroom/channels/attac...]

"When demand is inelastic, even relatively small changes in housing supply can cause significant changes in the cost of housing.10 This intuition is clearly validated in a number of careful empirical studies looking precisely at the effect of Airbnb introduction and expansion on housing costs." [https://www.epi.org/publication/the-economic-costs-and-benef...]

"At the median owner-occupancy rate zipcode, we find that a 1% increase in Airbnb listings leads to a 0.018% increase in rents and a 0.026% increase in house prices. Considering the median annual Airbnb growth in each zipcode, these results translate to an annual increase of $9 in monthly rent and $1,800 in house prices for the median zipcode in our data, which accounts for about one fifth of actual rent growth and about one seventh of actual price growth" [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3006832]

Re: Did Airbnb kill the PM role?

#46
The incentive structure of the PM role is to pump out new features when a lot of the time making something more reliable or easier to use has more user value. Design and Engineering should jointly take on this role

Re: Did Airbnb kill the PM role?

#47
post #12

Earlier quoted context omitted.

Yeah I don't really think a meaningfully larger amount people are traveling because Airbnb is an app that exist, so demand from tourism should stay flat, no?

Apartments in residential buildings are well.. apartments, not hotels. If you're a tourist, go to a hotel, I don't want a new set of loud obnoxius neighbors partying every few days next door to my apartment (and a shared wall in between). The apartment that should be rented out at cheaper monthly rate is now getitng rented out to lud tourists per daily rates, and that is a bad thing for locals living in that city. So…

Why should you get a say about what your neighbor does with their property or what guests they have stay over?

Re: Did Airbnb kill the PM role?

#48

Earlier quoted context omitted.

Everyone loves a boogieman. The reason rents are high are not because of short term rentals. They are high because of inflation and globalization.

AirBnB isn't the only factor in rising rent costs, but it's pretty evident that it's a contributing factor: "AirBnB has increased the median long term rent in New York City by 1.4% in the last three years, resulting in a $380 rent increase for the median New York tenant" [ https://www.mcgill.ca/newsroom/files/newsroom/channels/attac... ] "When demand is inelastic, even relatively small changes in housing supply can c…

Sure, but a minor contributing factor -- not a major one. And therefore a distraction from the root cause.

Re: Did Airbnb kill the PM role?

#49

Earlier quoted context omitted.

Apartments in residential buildings are well.. apartments, not hotels. If you're a tourist, go to a hotel, I don't want a new set of loud obnoxius neighbors partying every few days next door to my apartment (and a shared wall in between). The apartment that should be rented out at cheaper monthly rate is now getitng rented out to lud tourists per daily rates, and that is a bad thing for locals living in that city. So…

Why should you get a say about what your neighbor does with their property or what guests they have stay over?

For the same reason I have a say about zoning and ordinances and just about every other thing that affects my property and my enjoyment of it.

Re: Did Airbnb kill the PM role?

#50

Earlier quoted context omitted.

Everyone loves a boogieman. The reason rents are high are not because of short term rentals. They are high because of inflation and globalization.

In high touristy areas you cannot buy a house at all at normal...ish prices, because buyers are overpaying a lot, becase they intend to rent it out via airbnb, so locals are getting pushed out of those areas. What's so wrong with houses and apartments being for locals and long-term stay, and tourists just staying in hotels?

There’s nothing wrong with what you propose but it doesn’t offer a get-rich scheme, which is what really fuels short-term rental growth. It’s the new house flipping.
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