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by darkerside
403 days ago
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The only way to compete against the economy of scale was the original thesis of AirBnB. People were renting out their primary homes to bring in an extra stream of income. It was never going to be mainstream profitable to buy a normal apartment and rent it out on AirBnB. |
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It was never meant to be. It definitely has been though. Lots of people making much more money renting out AirBnBs rather than using their property for long term leasing. Which has obviously compounded the housing issues most cities are currently experiencing.