Airbnb's success story stands out in stark contrast to the struggles of other startups. Unlike Zillow's disastrous attempt at house-flipping, Airbnb has flourished for over a decade. Their revenue skyrocketed, tripling from $3.3 billion to nearly $10 billion. Even more impressive, they flipped profitability, going from annual losses of $4-5 billion to earning the same staggering amount. Perhaps the strongest indicator of their dominance is their resilient stock price. Unlike the post-IPO crashes
    • sudneo@lemm.eeEnglish
      2·
      8 months ago

      Agree. Social housing has been one of the first areas to suffer from cuts everywhere. It is a problem on its own, which short term rental makes worse.

      The problem is that building is basically an irreversible use of land. It’s only recently that we started seeing land as a commodity (few centuries) and with the current state of affairs, it’s insane to leave it as such. Soil is too precious and too scarce to let market inefficiencies waste it. We should really explore all options before we decide to simply build more, especially in Europe where the population growth is basically null.