This Is the True Scale of New York’s Airbnb Apocalypse
wired.com
This Is the True Scale of New York’s Airbnb Apocalypse::A law meant to crack down on short-term rentals in New York City took effect Tuesday. Thousands have dropped off the map, but there are still hosts offering bookings that may break the law.
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Airbnb was great when it was simply a formalization of the short-term room rentals you find on craigslist.
When investors got involved and started having Airbnb specific properties, it all went to shit.
I would say now that I'm in my thirties that my favorite part has been watching this mad scramble over the past decade of absolutely everything new and innovative becoming these out of control behemoths because investors somewhere decided that an app that rates farts has a market cap of $10 billion.
Now we've come into an era where fart app employs 20k people and they somehow need to make all of the money back that they burned building a global fartforce
I would like to invest in this fart app idea. Do you take Bitcoin?
Only Shitcoin.
I loved it when it started. I rented a room from an old lady in Tokyo who didn't speak one word of english but she loved that I brought her beer, and a bunch of Matrix looking EDM loving germans in Berlin.
Now it is just a shit and fucking expensive "hotelroom" where you have to pay and outrageous a clean fee up if you fart in the bedsheets