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A comment on Airbnb valued at $13B ahead of staff stock sale. Parent comment

Re:Airbnb valued at $13B ahead of staff stock sale by seanflyon on Friday October 24, 2014 @02:13PM (#8505025)
You are ignoring the concept of competition. Housing is not the most competitive market due to restrictions both natural (limited space) and artificial (zoning), but there is still competition.
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Re:Airbnb valued at $13B ahead of staff stock sale by johnnybazooka on Sunday October 26, 2014 @11:13AM (#8511247)
See that's my point... there is only so much land in the middle of NYC that is zoned right for condos, so the competition really won't increase.

Also, real estate in general is a very capital intensive industry, which takes out 99% of competition anyways. How many people are there that can raise $200 million to build a project. Not many.

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Re:Airbnb valued at $13B ahead of staff stock sale by seanflyon on Monday October 27, 2014 @01:53AM (#8514081)
> How many people are there that can raise $200 million to build a project. Not many.

First, you don't need many for competition; you just need a few. Second, there are lots of people who can raise a mere $200 million.

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Re:Airbnb valued at $13B ahead of staff stock sale by johnnybazooka on Monday October 27, 2014 @10:53AM (#8515775)
"mere $200 million"

lol ok

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Re:Airbnb valued at $13B ahead of staff stock sale by seanflyon on Monday October 27, 2014 @04:12PM (#8517890)
Welcome to the world of finance.
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