[pyb]

If there is no supply problem, why have prices shot up ~30-50% in 4 years ? (Source : I am trying to book an Airbnb in London after a few years away from the platform)

[OkayPhysicist]

The venture capital ran out. Same way the rideshare and food delivery services spiked in price. Freshman year of college, Uber was subsidizing rides, and was so cheap I would choose when to go visit a friend of mine on the other side of LA based on whether I could get there for less than $15. By senior year, an equivalent ride never fell below $30.

[mym1990]

Prices have shot up 30-50% on a lot of things in the past 4 years(and mostly just the past 2) due to inflation. Real estate markets in most places have skyrocketed, so how would you figure real estate to go up but short term rental prices to stay low?

[asdff]

Airbnb went from making a $90 hotel look expensive to making a $90 hotel look like a great deal in the span of probably 5 years

[pyb]

It seems that rents have gone up much less than that where I'm looking...

[mym1990]

Yeah definitely varies, we took over a lease last year and had to re-sign 2 month later, rent went up 20% :(

There is almost restaurant where you can sit down for a 2 person meal under 30 dollars now, and even fast food is hard to get under 20$.

Gatorade + snack at gas station: 10$

Car prices are through the roof

Eggs the other day, for 12 pack, 6$

Keep in mind that inflation is still at 6%, even though it is moderating, that is still pretty far away from the 2% target.