Too many people who should not own and rent investment properties bought investment properties to rent as ABnBs. It broke the spirit of the thing, which was to rent space in your house, not a property used solely for that purpose.
I say it less as I know why and more that I know a lot of municipalities (including mine) have laws and codes in place that prevent using properties as hotels, and have had them for years, and yet they still operate.
So either they’re hard to enforce or they’re understaffed to do so.
They can pretend they live there. It’s harder than you think. And legislation takes time that a new app development does not. It is also local, so you are talking about thousand of civic governments not in concert with each other, and often playing the game with rental properties themselves.
The early days were actually great. People renting out spare rooms for cheap was a win/win, but of course “entrepreneurs” had to turn that into a side business and AirBnB had to maximise profits so it all went to shit.
It’s so funny because that’s exactly how capitalism ruins great ideas. I’m actually proud to have never used AirBnB, but when it first came out, it was probably a great way to save vs hotels that were overpriced and have massive overhead anyway.
They have also destroyed rent in lots of places. Here in Spain prices have more than doubled for rent since AirBnB is a thing. Landlords even tell you that they get way more money from airbnb, so supply and demand and all that.
Supply and demand isn’t really a thing with housing. I understand that Spaniards are upset, but that’s why you tell your socialist government to convert everything to public housing.
Tbh I’m a bit surprised how quickly Airb’n’b enshitified. It’s not even a competitor anymore imo.
Too many people who should not own and rent investment properties bought investment properties to rent as ABnBs. It broke the spirit of the thing, which was to rent space in your house, not a property used solely for that purpose.
Why haven’t zoning laws caught up?
They do but it’s apparently hard to enforce.
Couldn’t you just search Airbnb for your jurisdiction, then catch the landlord red handed?
I would agree.
I say it less as I know why and more that I know a lot of municipalities (including mine) have laws and codes in place that prevent using properties as hotels, and have had them for years, and yet they still operate.
So either they’re hard to enforce or they’re understaffed to do so.
They can pretend they live there. It’s harder than you think. And legislation takes time that a new app development does not. It is also local, so you are talking about thousand of civic governments not in concert with each other, and often playing the game with rental properties themselves.
The early days were actually great. People renting out spare rooms for cheap was a win/win, but of course “entrepreneurs” had to turn that into a side business and AirBnB had to maximise profits so it all went to shit.
Criminal money actually have real utility for being criminal money, the only problem is it being used as an investment vehicle.
It’s interesting how the newer ones are more valued. Piracy isn’t even on there anymore. 🧓
Holy shit, I love this!
I think about it once a month
Once again, Late Stage Capitalism in the root problem in all enshittification of an otherwise innocent and slightly innovative idea.
It’s so funny because that’s exactly how capitalism ruins great ideas. I’m actually proud to have never used AirBnB, but when it first came out, it was probably a great way to save vs hotels that were overpriced and have massive overhead anyway.
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They have also destroyed rent in lots of places. Here in Spain prices have more than doubled for rent since AirBnB is a thing. Landlords even tell you that they get way more money from airbnb, so supply and demand and all that.
Supply and demand isn’t really a thing with housing. I understand that Spaniards are upset, but that’s why you tell your socialist government to convert everything to public housing.
worst, its behind the housing crisis in many countries.
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The way I see it is that enshitification is inherent to late stage capitalism, which has unfortunately become endemic in our culture.
I suppose that’s a 6/half-dozen distinction, though