The End of Airbnb in New York
wired.com
The End of Airbnb in New York::Thousands of Airbnbs and other short-term rentals are expected to disappear from rental platforms as New York City begins enforcing tight restrictions.
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In my experience over the last two years hotels are either same price OR less expensive due to AirBnBs bait and switch pricing. The taxes, cleaning fees, and random add ons are absurd.
In a recent example, staying at some Yurt for three days was $248. After taxes and fees it was around $515. Like wtf?!
I’m at the point where even if the pricing was flat, a hotel is 10X less hassle to deal with than AirBnB.
Airbnb was nice when it was just a way to rent someone's extra bedroom for the night. I've met some amazing people this way.
Is couchsurfing still a thing?
I honestly have no idea.
Gotta wonder if the competition from airbnb kept hotel prices lower. I do agree with you though.
I don't think that really contradicts what they said though. It doesn't matter which is more expensive, they both exist within the same market and removing supply will make what remains more expensive.
Then the change is working as intended - residential buildings should never have been pulled from the rental market to compete with hotels.
Kinda related I stopped renting cars many years ago because of this stuff. The price says X amount of dollars a day, the bill says 2X.