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by marketingfool
2343 days ago
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We hosted an Airbnb, we got awards for being top hosts and provided a cheaper stay than our local trash hotel. Everyone that stayed over would become friends or friendly and we'd provide anything they requested. The problem is the trash hotel nearby doesn't like competition and reported us to the city. |
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Airbnb corrupted that by incentivizing a business model where investor groups buy up entire properties solely for Airbnb use. That's very different from what you're describing. They're acting as full-scale hoteliers, but evading hotel regulations and zoning laws by setting up shop in residential neighborhoods. And of course, reducing the overall housing supply for all the people who actually live in that area.