Airbnb bookings dry up in New York as new short-stay rules are introduced | Under the new restrictions, short-term renters will need to register with the city and must be present in the home for th…::Under the new restrictions, short-term renters will need to register with the city and must be present in the home for the duration of the rental

  • Corkyskog@sh.itjust.works
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    1 year ago

    Honest question, what were they subsidizing? Were they previously charging no or little costs to people hosting? I understand what the delivery and Uber like companies were subsidizing, just not familiar with AirBNB.

    • ChrisLicht@lemm.ee
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      1 year ago

      For these market makers, both sellers and buyers are subsidized to entice both into the market.

      Check out Cory Doctorow’s “enshittification” theory.