Airbnb bookings dry up in New York as new short-stay rules are introduced
www.theguardian.com
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

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.worksEnglish
      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.eeEnglish
        2·
        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.