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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 2 years ago by L4s@lemmy.world to c/technology@lemmy.world
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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

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[-] Corkyskog@sh.itjust.works 2 points 2 years 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 3 points 2 years ago

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

Check out Cory Doctorow’s “enshittification” theory.

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

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