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0 pointsThomPete14y ago0 comments

The thing is. right now I am looking at a 1BR appartment completely modern building, rooftop, open kitchen the works for 3600USD.

There are many places on AirBnB that have simply pumped up the prices to make a living and since there is not negative feedback mechanism everyone just charges more and more.

Craigslist yeah i tried that, i enden up with mostly scams and bait and switch guys.

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6 comments · 3 top-level

TylerE14y ago· 2 in thread

It's called capitalism. You're paying for the convenience of not having to wait to move in, not having to sign a long-term lease, etc. Of course you should expect to pay more than someone who puts up with those downsides.

ThomPeteOP14y ago

It's inconsistent that is what it is.

TylerE14y ago

No, it's not. Do you really not understand how basic retail economics works? Are you expecting someone to buy high and sell low?

As you yourself proved, if people will pay it, that's what the market rate is. Think it's extortionate? Don't pay it and make other arrangements.

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tomkarlo14y ago· 1 in thread

You can't compare AirBnB to an apartment rental, especially in NY where two months down is not uncommon. Seems like it's more appropriate to compare it to a hotel room... in which case $110 a night is a steal.

ThomPeteOP14y ago

For 110, in a hotel, I get cleaned every day, breakfast and I don't pay until I leave and I don't pay a deposit.

With AirBnB i pay 500USD in deposit, pay on arrival, it gets cleaned when I move out. Everything else is on me.

And I can compare it because I stay there longer than just a few days also AirBnB now have a sublet section. Again go compare those prices with for instance the prices on streeteasy.

fr0sty14y ago

> and since there is not negative feedback mechanism everyone just charges more and more.

There IS a negative feedback mechanism. Occupancy rates. Once people stop paying the asking rates for listings the prices will fall. It is called "what the market will bear".

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