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
Then explain why this is a global phenomenon?
Because often it is a nightmare to evict a tenant that do not pay the rent.
I can speak for where I live where a lot of people gone to the short-rental way exactly because that way they have the certainty that when they want the house back, for every reason, they have it.
To me AirBnB is not the problem, it is the wrong solution to a real problem.
Whole home or dedicated AIRBNB should be banned… If I had a room going unused I’d AirBnb
Because the same causes are happening mostly all over the world. Meaning, buying up houses. Driving up rent, etc.