this post was submitted on 08 Sep 2023
553 points (98.8% liked)
Technology
59446 readers
3676 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Have you considered building more housing?
True! Getting rid of these AirBnBs probably doesn't hurt things though. Now they might actually get a long-term resident.
It probably doesn't but you have to wonder why that company was so successful to begin with. I feel like we are celebrating a weight loss company getting banned.
There is a housing shortage, there is a hotel room shortage. Someone took advantage of that. Getting rid of that someone doesn't stop the next person.
I was successful because it's skirting (pretty blatantly breaking actually) rental laws and thus gains an advantage over the competition.
Well I think it was successful for the same reason so many unicorn startups are. They were bankrolled by promising angel investors marketshare so they were able to run artificially brutally low prices to dry out the rest of the market for years. But now investors are asking for those profits back and we're here dealing with horrible Airbnb prices AND it made the housing crisis worse. Double whammy, bb!!