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mowotlarx t1_iv8drzd wrote

Airbnb, like all gig economy businesses, was propped up by venture capitalists for nearly a decade to keep prices unnaturally low. Well, now that's done and a bunch of home owners sunk their time and $$ into a dying business as people realize hotels are now cheaper and with more amenities and security.

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spicytoastaficionado t1_ivddd7o wrote

Yeah all these "disrupter" gig businesses survived off of VC money, sidestepping regulations, and suckering marks into going all-in.

The people who took out mortgages to finance entire homes to list on Airbnb have been finding out what a house of cards the entire business was, just like the goofs who spent all their money on luxury SUVs to try and be full-time Uber drivers.

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