this post was submitted on 08 Sep 2023
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A blessing, really, for cities experiencing housing shortage.
A bummer though for anyone visiting as hotels become the only option, and prices go way up, beholden to moneyed corporate interests who lobby politicians in their favor and pockets.
Ed: just wow on the downvote brigading. Upvote/downvote is supposed to reflect whether or not the comment contributes to the conversation. Not killing the messenger when it's some info someone doesn't want to hear.
This is just very standard macroeconomics supply and demand, plus regular institutionalized political corruption.
Yes, Abnb sucks shit, and their prices are stoopid high, but that's the free market.
Ban them and watch hotel prices go up. Simple as that.
In my experience over the last two years hotels are either same price OR less expensive due to AirBnBs bait and switch pricing. The taxes, cleaning fees, and random add ons are absurd.
In a recent example, staying at some Yurt for three days was $248. After taxes and fees it was around $515. Like wtf?!
I’m at the point where even if the pricing was flat, a hotel is 10X less hassle to deal with than AirBnB.
Airbnb was nice when it was just a way to rent someone's extra bedroom for the night. I've met some amazing people this way.
Is couchsurfing still a thing?
I honestly have no idea.
Gotta wonder if the competition from airbnb kept hotel prices lower. I do agree with you though.
I don't think that really contradicts what they said though. It doesn't matter which is more expensive, they both exist within the same market and removing supply will make what remains more expensive.
Then the change is working as intended - residential buildings should never have been pulled from the rental market to compete with hotels.
Kinda related I stopped renting cars many years ago because of this stuff. The price says X amount of dollars a day, the bill says 2X.
Rent via Costco. Somehow the prices your quoted is what you pay when you show up.