this post was submitted on 31 Jan 2024
1286 points (98.4% liked)
Political Memes
5488 readers
2590 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I feel like several advantages of Airbnb comes specifically from the lack of regulation. I'm speculating, but I imagine installing kitchens and maintaining them costs quite a lot as a hotel, with probably stricter and more expensive regulations compared to an Airbnb. I wouldn't be surprised if Airbnbs were regulated similarly to hotels, that they'd be priced higher due to all the costs. It doesn't make sense to me that a hotel, with 10s or hundreds of units, where not all units have to be rented out at once, is more expensive than a single property home where the whole unit must be rented out at once, and it takes up a bigger space. not to mention the inefficiency of repairs, and cleaning.
You might be right on the potential cost, but aren't all Residence Inns basically this? I don't think they cost that much more than other hotels.
It’s not the regulations, generally. Hotels are simply more cost effective for corporate management and ROI. If you want to make 20-25% a year you maximize units and minimize land expense and labor to manage. That it costs $10-30M is not a barrier to entry for a large corporation. AirBnB is less profitable but has substantially lower barriers to entry, especially if you lie about owner occupied status (which nearly all do when starting it).
The regulatory angle only really gets put in play because the land is cheaper due to improper zoning (residential is less expensive than commercial) and if the owners are dodging taxes.
Putting up private rooms/homes for short term vacation rentals is nothing new and has been a thing since long before Airbnb. They have the same regulations as any private lease, which differ from commercial regulations for the same reason why your parents house doesn't have lit exit signs and wheelchair ramps.