pixel_of_moral_decay t1_ivbaowz wrote
Reply to comment by ctindel in NYC proposes strict Airbnb registration rules to take effect in January by Eriosyces
Airbnb should technically be cheaper.
They pay illegal labor in cash for things like cleaning vs employees who you pay things like payroll taxes on. Hotels also pay for things like insurance.
Investors on Airbnb have basically extracted all the value they could at this point.
ctindel t1_ivbdcyo wrote
Yeah I understand why the owners’ cost structures are lower I just meant from the perspective of value provided, a well run Airbnb unit offers more value than a well run hotel.
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