They were never going to be big without breaking hotel regulations. It makes no sense why they’re big anyway. They don’t own any real estate. They should take 5% at most, like a payment processor.
It’s chokepoint capitalism, where you don’t supply, produce or consume, you just control the conduit through which people do those things.
Also though just owning property shouldn’t entitle you to an income. Fuck landlords in general, it’s just airbnb figured out a way to be even more exploitative.
Running an AirBNB is a lot more work than renting out a house. There’s cleaning and a lot more toiletries and furniture to buy. You probably clean the entire place more often than you clean your own house. You also have to communicate with the renters all the time and arrange to give them keys 10 times a month. Sometimes you do all that and the people cancel.
Stop trying to make “chokepoint capitalism” a thing. AirBNB doesn’t control prices on anything. Tourists determine what’s expensive with their dollars.
AirBnB are the chokepoint capitalists, not the owners.
And I’m so sorry you have to do actual work instead of just hoarding property. It must be tough when just having extra houses you don’t need isn’t enough anymore because chokepoint capitalists got in on your scam.
And supply & demand is completely unsupported by evidence. It is entirely an article of faith of orthodox economics.
You don’t have to be a monopoly to hold a chokepoint. The industry holds the chokepoint.
Your description was irrelevant, but also… cry me a fucking river. If they don’t like doing the work, maybe they could get some sort of agent to handle the tenants for them, and maybe the agent could get them to sign long term leases so they can vet them more carefully. Why not do that? Because that already exists and makes less money? Okay? Who cares? Jobs are work, here’s Tom with the weather.
Auctions suck for the most part, that’s why ebay mostly just sells things now. Look at the uproar when Uber does surge pricing. People don’t put up with it. Turns out that outside of a very few artificial situations like an auction, sellers basically just set prices, because unless they’ve specifically opted into an auction environment, consumers don’t put up with it.
They were never going to be big without breaking hotel regulations. It makes no sense why they’re big anyway. They don’t own any real estate. They should take 5% at most, like a payment processor.
It’s chokepoint capitalism, where you don’t supply, produce or consume, you just control the conduit through which people do those things.
Also though just owning property shouldn’t entitle you to an income. Fuck landlords in general, it’s just airbnb figured out a way to be even more exploitative.
Running an AirBNB is a lot more work than renting out a house. There’s cleaning and a lot more toiletries and furniture to buy. You probably clean the entire place more often than you clean your own house. You also have to communicate with the renters all the time and arrange to give them keys 10 times a month. Sometimes you do all that and the people cancel.
Stop trying to make “chokepoint capitalism” a thing. AirBNB doesn’t control prices on anything. Tourists determine what’s expensive with their dollars.
AirBnB are the chokepoint capitalists, not the owners.
And I’m so sorry you have to do actual work instead of just hoarding property. It must be tough when just having extra houses you don’t need isn’t enough anymore because chokepoint capitalists got in on your scam.
And supply & demand is completely unsupported by evidence. It is entirely an article of faith of orthodox economics.
Some markets are dominated by the buyers, others by the sellers, others change from time to time.
You don’t have to be a monopoly to hold a chokepoint. The industry holds the chokepoint.
Your description was irrelevant, but also… cry me a fucking river. If they don’t like doing the work, maybe they could get some sort of agent to handle the tenants for them, and maybe the agent could get them to sign long term leases so they can vet them more carefully. Why not do that? Because that already exists and makes less money? Okay? Who cares? Jobs are work, here’s Tom with the weather.
Auctions suck for the most part, that’s why ebay mostly just sells things now. Look at the uproar when Uber does surge pricing. People don’t put up with it. Turns out that outside of a very few artificial situations like an auction, sellers basically just set prices, because unless they’ve specifically opted into an auction environment, consumers don’t put up with it.
Oh wow are the basic responsibilities of the thing ppl do voluntary tough? Maybe don’t do it then ya chokepoint capitalist.