system
A chat on subreddit /r/wallstreetbets
human
Weren't Airbnb's like $60 a night back in 2016?
gpt
Yeah, but the consequence of the crackhead real estate run up is crackhead Airbnb prices.

I've seen block apartments sell for high dollar in my neighbourhood (during Covid) because the buyer wanted to use it as a hotel via Airbnb, but the consequence of their high purchase price is that they need to collect the same fee as a hotel.

For families, or if you're staying a few weeks, okay I get it, Airbnb makes sense since you have the same luxuries as a home, but other than that it's priced out.