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Scale Ruins Everything

(coldwaters.substack.com)
175 points drc500free | 1 comments | 14 Oct 24 17:34 UTC | HN request time: 0.202s | source
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endo_bunker ◴[14 Oct 24 20:09 UTC] No.41841389[source]▶
Comical to suggest that AirBnB "ruined communities" or "destroyed the dream of home ownership" as if decades of federal, state, and local government policy had not already guaranteed those outcomes.
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api ◴[14 Oct 24 20:14 UTC] No.41841436[source]▶
Yeah I'm tired of this too. Real estate hyperinflation is almost entirely the fault of chronically under-building real estate due to regulatory capture by landlords, legacy homeowners, and speculators. The real estate market is more or less a cartel in quite a few places.

AirBnB is a small factor. I suppose it drives up prices, but only because supply is so absurdly tight.

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1. Blackthorn ◴[14 Oct 24 20:16 UTC] No.41841458[source]▶
100% of code uses 100% of resources. Let's not downplay the role of Airbnb as both a company and a phenomena for causing inflation. But more than that, remember that a lot happens at the margins in these markets: what's actually liquid or in play is a small part of the overall stock. So anything that messes with that will have an outsized effect.