▲ 562 ▼ The End of Airbnb in New York (www.wired.com) submitted 2 years ago by L4s@lemmy.world [M, B] to c/technology@lemmy.world 74 comments fedilink hide all child comments The End of Airbnb in New York::Thousands of Airbnbs and other short-term rentals are expected to disappear from rental platforms as New York City begins enforcing tight restrictions.
[–] afraid_of_zombies@lemmy.world 5 points 2 years ago (1 child) Have you considered building more housing? permalink fedilink source parent hideshow 2 child comments replies: [–] finnie@lemmy.world 25 points 2 years ago (1 child) True! Getting rid of these AirBnBs probably doesn't hurt things though. Now they might actually get a long-term resident. permalink fedilink source parent hideshow 2 child comments replies: [+] afraid_of_zombies@lemmy.world -7 points 2 years ago (2 children) It probably doesn't but you have to wonder why that company was so successful to begin with. I feel like we are celebrating a weight loss company getting banned. There is a housing shortage, there is a hotel room shortage. Someone took advantage of that. Getting rid of that someone doesn't stop the next person. permalink fedilink source parent hideshow 4 child comments replies: [–] CheeseNoodle@lemmy.world 22 points 2 years ago I was successful because it's skirting (pretty blatantly breaking actually) rental laws and thus gains an advantage over the competition. permalink fedilink source parent [–] finnie@lemmy.world 7 points 2 years ago Well I think it was successful for the same reason so many unicorn startups are. They were bankrolled by promising angel investors marketshare so they were able to run artificially brutally low prices to dry out the rest of the market for years. But now investors are asking for those profits back and we're here dealing with horrible Airbnb prices AND it made the housing crisis worse. Double whammy, bb!! permalink fedilink source parent
[–] finnie@lemmy.world 25 points 2 years ago (1 child) True! Getting rid of these AirBnBs probably doesn't hurt things though. Now they might actually get a long-term resident. permalink fedilink source parent hideshow 2 child comments replies: [+] afraid_of_zombies@lemmy.world -7 points 2 years ago (2 children) It probably doesn't but you have to wonder why that company was so successful to begin with. I feel like we are celebrating a weight loss company getting banned. There is a housing shortage, there is a hotel room shortage. Someone took advantage of that. Getting rid of that someone doesn't stop the next person. permalink fedilink source parent hideshow 4 child comments replies: [–] CheeseNoodle@lemmy.world 22 points 2 years ago I was successful because it's skirting (pretty blatantly breaking actually) rental laws and thus gains an advantage over the competition. permalink fedilink source parent [–] finnie@lemmy.world 7 points 2 years ago Well I think it was successful for the same reason so many unicorn startups are. They were bankrolled by promising angel investors marketshare so they were able to run artificially brutally low prices to dry out the rest of the market for years. But now investors are asking for those profits back and we're here dealing with horrible Airbnb prices AND it made the housing crisis worse. Double whammy, bb!! permalink fedilink source parent
[+] afraid_of_zombies@lemmy.world -7 points 2 years ago (2 children) It probably doesn't but you have to wonder why that company was so successful to begin with. I feel like we are celebrating a weight loss company getting banned. There is a housing shortage, there is a hotel room shortage. Someone took advantage of that. Getting rid of that someone doesn't stop the next person. permalink fedilink source parent hideshow 4 child comments replies: [–] CheeseNoodle@lemmy.world 22 points 2 years ago I was successful because it's skirting (pretty blatantly breaking actually) rental laws and thus gains an advantage over the competition. permalink fedilink source parent [–] finnie@lemmy.world 7 points 2 years ago Well I think it was successful for the same reason so many unicorn startups are. They were bankrolled by promising angel investors marketshare so they were able to run artificially brutally low prices to dry out the rest of the market for years. But now investors are asking for those profits back and we're here dealing with horrible Airbnb prices AND it made the housing crisis worse. Double whammy, bb!! permalink fedilink source parent
[–] CheeseNoodle@lemmy.world 22 points 2 years ago I was successful because it's skirting (pretty blatantly breaking actually) rental laws and thus gains an advantage over the competition. permalink fedilink source parent
[–] finnie@lemmy.world 7 points 2 years ago Well I think it was successful for the same reason so many unicorn startups are. They were bankrolled by promising angel investors marketshare so they were able to run artificially brutally low prices to dry out the rest of the market for years. But now investors are asking for those profits back and we're here dealing with horrible Airbnb prices AND it made the housing crisis worse. Double whammy, bb!! permalink fedilink source parent