Why Airbnb doesn’t solve the housing problem?
In New York City, Uber is everywhere. By contrast, Airbnb, a tech firm has similar idea with Uber but focus on housing problem, just suffered with a law that could seriously undermine the company’s operations in the five boroughs by courtesy of the state legislature and Governor Andrew Cuomo last week.
Airbnb is a multi-billion dollar tech firm with the idea of share economy, which is the same as Uber but Why does Uber flourish in regulation-heavy New York City, while Airbnb encounters so many obstacles?
Regardless of politic factors, Uber is able to mobilize New York City residents in a way that Airbnb quite simply can’t. Roughly 40,000 New York City residents advertise apartments on Airbnb, according to the company. Thousands more rent those apartments, but they come from elsewhere and are therefore politically irrelevant.
The Above GIF is an interactive map of Airbnb listings using data from the site — insiderairbnb, which is hosted by activist Murray Cox. It shows the “availability” of house in the NYC,” which Cox defines as open for renting for 60 days of the year or more. Fifty-Seven percent of the full-apartment listings on the site are highly available. Furthermore, 27.9 percent of listings are run by hosts with multiple properties.
While Airbnb is clearly useful for people renting out their place while they’re away, it’s also proven itself to be a a lucrative source of income for Airbnb when people use it that way. However, this is kind of revenue model does not solve the city housing problem. It is a tool to reduce you cost when you are not home.
