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
Theyd part out a hous into multiple rooms. I stayed at one airbnb that were 3 stories and each one was another airbnb, with a kitchen on the main level that had to be shared. No one used it for the 3 days i was there, but still.
You can easily regulate against that.
How
Through the tax code. If you have a short term rental property that’s not a primary residence: shazam busted. You’d need some kind of policing for it but you could force airbnb to make a filing on it as well which would make it possible to automate.