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
      link
      fedilink
      English
      arrow-up
      2
      ·
      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
        link
        fedilink
        English
        arrow-up
        3
        ·
        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.