Re:Buffett Will Steer Investors to Airbnb to Avoid Price-Gou...
by scott_s on Tuesday April 08, 2014 @06:26PM
(#7556418)
I don't see this as price gouging, though. Maybe that's just because I have been conditioned to expect lodging to be expensive in places where a popular event happens. But in this case, I see it as normal things-cost-what-people-will-pay effects. Part of it is that I don't see a hotel room, or even an investor visit, as a necessity. Both are luxury goods.
Jacking up the price of water after a hurricane? I see that as price gouging, even though it's also following basic supply-and-demand. But water is a human necessity, and I find it repugnant to exploit the circumstances of a natural disaster to charge more for a necessity.
Jacking up the price of water after a hurricane? I see that as price gouging, even though it's also following basic supply-and-demand. But water is a human necessity, and I find it repugnant to exploit the circumstances of a natural disaster to charge more for a necessity.