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by piva00
2143 days ago
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Thriving business model while the slow cooker of regulations don't catch up to them. There are reports of some touristic cities starting to cap Airbnb rentals, or just outright outlawing them. It's for good measure, Airbnbs in Barcelona, Lisboa and a number of other European cities have priced out the local population, investors buying 4-10 apartments on the same house to rent out as short-term rentals. Airbnb created a pressure in the housing market that didn't exist before, for cities that already suffered with housing it really really sucks. So it's the same as Uber: get into a regulatory grey area, capture the market and then fight over so regulations don't catch up with you. The whole business model of Airbnb was based on avoiding regulations, landlords have used this to prop up their short-term profits as it's much more profitable to rent out an Airbnb in Barcelona for 7-10 days per season-month than renting it out long-term monthly throughout the year. |
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