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How Airbnb accidentally screwed the US housing market and made $100 billion
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this post was submitted on 12 May 2024
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What wasn’t a nightmare was bed and breakfasts. They also weren’t an excuse to keep property off the housing rental market at scale.
These companies aren’t saviours, they’re businesses who rode public tech optimism and common frustration at established industries in the same fields to stay ahead of regulation and have the public demand it. Surprise, they’re the same businesses.
Yes, bed and breakfasts rock, and I try to use them when I travel because the experience is way better.
Don't have bed and breakfast money. They are regularly more expensive and have less choices than Airbnb
The ones I've been to are comparable to a hotel and include a good breakfast. So yeah, a bit more than an Airbnb, but not that far off from Airbnb + good breakfast restaurant.
True. But given that houses were off the market even before, I don't think it is exclusively their fault.
For example Milano historically always had about 30% of the available homes empty, and that even before Airbnb.