Re:“Don't fuck up the culture” – A letter to the Airbnb team
by vacri on Sunday April 20, 2014 @07:37PM
(#7618898)
It appears there is a lack of short-stay housing supply. AirBnB facilitates that market.
AirBnB undercuts existing hotels by sidestepping required regulations. There isn't a lack of short-stay supply; AirBnB just works more cheaply because it has fewer expenses.
The added wealth from leaner short-stay operations should make up for the temporary displacement.
The point of the parent comment is that that wealth is not kept in the town, but siphoned off somewhere else.
AirBnB undercuts existing hotels by sidestepping required regulations. There isn't a lack of short-stay supply; AirBnB just works more cheaply because it has fewer expenses.
The added wealth from leaner short-stay operations should make up for the temporary displacement.
The point of the parent comment is that that wealth is not kept in the town, but siphoned off somewhere else.