Airbnb: the Curse of Success

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Remember when Airbnb first burst onto the scene? It was like, finally, a way to travel without blowing your budget on fancy hotels. Everyone was all about it, but now, not so much.
People are griping about sky-high fees, lousy stays, and all sorts of dramas.
Why do cool startups like this hit a rough patch after soaring high?
Let's dive into what might be going on.

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Caya

[slidebean]

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[conzpiracy]

First miss from this channel, didn't get to the core reasons why AirBnB is despised

[Gray-vwup]

I think the successful companies we hate are for different reasons. I mean there are some unifying reasons like prices going up too much or the product quality going down or the CEO turns out to be a jerk, but the BIGGEST thing about AirBnB is the rocket fuelling of rents and property prices. Amazon doesn't do that. Neither does Microsoft. They do their own bad shit in their space. BUT inequality in property renting or ownership is huge. We need a roof over our heads more than new gadgets delivered by Amazon.

[psolien]

I didn't know who the CEO was or had seen his face before this video. It is hated as a bussiness, not for disrupting hotels, but for exacerbating the housing market situation. We need housing to be a commodity first and foremost before being an investment. It was bad enough not being able to afford owning a house, but middle class won't even be able to rent now in high density areas! The whole video was rather jarringly focused on why do people hate on succesful bussinessmen and was mostly not about airbnb!

[arturojbc]

The end of the video seemed very biased to me, we don't hate entrepreneurs for their success, we hate Facebook for how they use our data, Amazon for how it treats workers and ArinBnb for the damage it is causing to the real estate market, in addition that as a normal person you have to follow the rules and they don't, so don't compare yourself to them, you're not part of them.

[josefplatil]

Do you know why was AirBnB founded? Because of the expensive cost of living in SF:

"Airbnb was founded by Joe Gebbia and Brian Chesky in 2007. The idea sprang up when the duo struggled to pay their rent and decided to put their loft's empty space to use by turning it into a lodging space for people attending a design conference in San Francisco."

Do you know what is the current issue in SF? Even higher cost of living because of Airbnb.

[Max-vetu]

People can tolerate questionable behavior or effects from the small-time, start-up company, but once these companies become large corporations, people are no longer going to look the other way.

[lostboy]

I mean it became crazy with people who ended up not wanting to leave and the owners not being able to have police remove them

[jopmota]

I can be totally wrong here but i read this video as a very big "i am an entrepreneur, i see myself in those guys and i don't want to be hated" therapy session for Caya. But putting that aside, there are many legitimate reasons to hate billionaires, and those have nothing to do with the fact that they succeeded

[hugazo]

My two cents here: disruption doesn’t mean progress.

[lloydthurstondinwiddieakag]

For the first time I'm left with, "what was the point of that bullshit*t?"

[jadengrant]

Uber and Lyft also are no better than a regular taxi in price now.

[nunyabidness]

Please ignore the tax discussion at 8:56. Nominal marginal tax rates are not indicative of actual taxes paid. The rich rarely paid those rates because they were usually avoidable. Only upstarts, new money, and recipients of unexpected income paid them.

[Rizhiy]

This is just another symptom of the underlying problem: housing is way too expensive. People like to blame different things: Airbnb, hedge funds buying houses, boomers hoarding houses, etc. but all of them are just a result of imbalance in supply vs demand. There is a simple solution to this: just build more housing!

[gumerzambrano]

The reason Airbnb is hated is for causing housing shortages. This isn't US specific but worldwide. Housing shouldn't be looked as an investment vehicle

[jcke]

Representing Gates and Musk as these likable dorky nerds in the beginning is far from the truth. Both have built their empires by being ruthless businessmen crushing their competitation both in shady illegal ways and legal ways. For Amazon their working conditions is so awful and based on their own calculations of employee turnover they are fearing running out of people to hire in the US. The perception of them have significantly changed the more information comes forward. Similarly, the true societal costs of Airbnb, Uber, and all the other app companies are becoming more and more evident.

[sarahs.]

Load of crap. We are hating their business decisions and manners in which they run their business not because they are rich

[MeGawOOt]

The issue with Airbnb is that they faced the issues hotels had to deal with. Which is unruly visitors that trash the rooms. Hotels normally charge you a standard fee to clean up. Airbnb didn't at the start then owner started to charge extra fees thus more expensive than hotels.

[Contentisdata]

When you DISRUPT the inefficiencies/inequalities in the system - you are applauded!...
When you BECOME the system - you are the villain!!
That's the change!!!

[biggeststeppa]

I keep forgetting about this channel lol. Used to be one of my absolute favourites back when I was a broke entrepreneur living off beans and spaghetti - making the vision come alive.