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by sliverstorm
4343 days ago
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These scenarios are why AirBnb can make money (IMO). If you think about it simplistically, AirBnb sidesteps regulation. As a result, the biggest use-case for AirBnb is leases that are supposed to be against regulations. AirBnb can't avoid messes AND regulations. Avoiding regulations is their profit model! With that comes messes. But that's OK for them- they have pretty successfully outsourced the risk to their hosts. That's the thing that annoys me the most about Uber and AirBnb. They are no fools; they know what they are doing. And when you boil it down, what they are doing smells a lot like what the banks did running up to 2006- socialize the risk, privatize the profit. |
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