Earlier quoted context omitted.
You're well-compensated for the risk you take on Airbnb, it's not like it costs the same as the Four Seasons.
Except prices gradually moved up from "hey look at this bargain" to being at hotel parity. I live in a trendy Chicago neighborhood and have people visit now and again. My spare room is in the basement, which is fairly unappealing, so people try airbnb. The rates they get are comparable to some hotels downtown if you do a little legwork on Expedia. In places that aren't the middle of nowhere, there aren't a lot of sav…
Granted, Manhattan, where I tried to book an apartment, is a bit of a special location, but the pricing was not that much lower from the hotels.