this post was submitted on 06 Sep 2023
163 points (98.2% liked)

Technology

59422 readers
2866 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
163
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... (www.theguardian.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
17 comments fedilink hide all child comments
 

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

you are viewing a single comment's thread
view the rest of the comments
[–] Uncle_Bagel@midwest.social 30 points 1 year ago (1 children)

Hotels aren't really any cheaper than AirBnB after you factor in the laundry list of fees and chores you have to do.

[–] toofpic@lemmy.world 8 points 1 year ago (1 children)

It is funny to even read that, as AirBnb became popular because it was cheaper and more comfortable (yay, kitchen!). And now it's cheaper to rent from greedy corporate moguls

[–] ChrisLicht@lemm.ee 16 points 1 year ago (1 children)

Life is grand during the VC subsidization stage of a company’s lifecycle.

[–] Corkyskog@sh.itjust.works 2 points 1 year ago (1 children)

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 3 points 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.