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Scale Ruins Everything

(coldwaters.substack.com)
175 points drc500free | 1 comments | 14 Oct 24 17:34 UTC | HN request time: 0.208s | 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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sgdfhijfgsdfgds ◴[14 Oct 24 20:15 UTC] No.41841453[source]▶
Airbnb has in fact ruined communities and destroyed the dream of home ownership for an entire class of people: those who would already be buying at the limits of their budgets to stay where they were brought up.

This happened even in areas where holiday home ownership and rental was common as a business.

The failure of government to grapple with the negative effects of Airbnb is a separate thing. Airbnb are, in fact, in control of their own morality.

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1. 01HNNWZ0MV43FF ◴[15 Oct 24 14:04 UTC] No.41848727[source]▶
As an aside, I own a home and now merely dream that renting should be as cheap as owning. Having equity in something that needs constant repair, loses heat on all sides, and has a bunch of fucking grass around it, is only equivalent to a certain amount of cash.

I suspect the real reason owning is cheap is not that it's inherently better, but because everything is cheaper when you have lots of money.