False advertisements, scammy hosts, unresponsive and irresponsible customer service. If anyone needs regulations Airbnb is the one company that needs a lot of scrutiny
@@jackwilliamburgess Hmm I am not sure I understand what growth you are referring to. Decline in net margins, operating income over the last year. Certainly the pandemic years were good for them but since then they have been on a downward trajectory as a business right? Coupled with the effects of increased taxation of their business and the cost of revenue increasing, I just don't know what double digit growth we can expect from this point. But curious to hear your perspective on how you would define the business as growing at double digits.
@@tysoncodes Their revenue and gross profits have been growing double digits, even up to the last quarter. I wouldn't call a slowing growth a downward trajectory, if that were the case Apple would be considered a dying business. Not saying they may continue growing at 10%+ fwd, but they have pricing power from their network efforts, and launching 2-3 new buisness lines a year going forward, combined together growing gross profits double digits seems doable. With A.I efficiency improvements and it being a software business is lots of aspects, I could see operating leverage with increased size as well Overall, growing well (all be it slower rate of growth), very profitable, strong network effects, trying new avenues of growth. In my view, definitely not dying
airbnb and über are gig businesses , expensive market cap, but do not own any assets. Unlike Uber , Airbnb can acquire hotels which are hard assets and expand into new business categories.
Airbnbs have directly impacted ready available long term rentals with many long term rentals turned into air bnbs. These operators are making 1 months rent in a weeks. Taxation on this type of capital gains is needed. You need taxes so high it's not profitable compared to long term rentals period.
Home ownership was supposed to be a end goal safety need . It's now become people's businesses with short term rentals. Home values need to plummet to pre pandemic levels or affordability is decades away not years. Specially if we continue to let in 1.5million people a year like Trudeau has been for 8 years. If you're going to have immigration .. housing is a federal responsibility. You don't flood Canadian with immigrants when you had homelessness before . Then you incentivized businesses to hire these immigrants rather then Canadians by subsidizing their employment by up to 70% with tax dollars. So born and raised citizens can't find the jobs because it's more profitable for these businesses to hire immigrants as they pay 30% of the wage vs 100%> this is anti Canadian and absolutely disgusting
Every dime that company makes it stolen from the people that stay in the places and the people that rent the places out. Horrible business just go to hotels.
False advertisements, scammy hosts, unresponsive and irresponsible customer service. If anyone needs regulations Airbnb is the one company that needs a lot of scrutiny
Have fun paying property tax
Property tax it's not a bad thing it means you have money to pay property tax rentals you're paying somebody else's property tax do the math
This is a person whose business is dying and he doesn't want you to think about that. Think about the shiny new thing he is imagining.
Lol. Dying, as in very profitable and growing double digits still?
@@jackwilliamburgess Hmm I am not sure I understand what growth you are referring to. Decline in net margins, operating income over the last year. Certainly the pandemic years were good for them but since then they have been on a downward trajectory as a business right? Coupled with the effects of increased taxation of their business and the cost of revenue increasing, I just don't know what double digit growth we can expect from this point. But curious to hear your perspective on how you would define the business as growing at double digits.
@@tysoncodes Their revenue and gross profits have been growing double digits, even up to the last quarter. I wouldn't call a slowing growth a downward trajectory, if that were the case Apple would be considered a dying business. Not saying they may continue growing at 10%+ fwd, but they have pricing power from their network efforts, and launching 2-3 new buisness lines a year going forward, combined together growing gross profits double digits seems doable. With A.I efficiency improvements and it being a software business is lots of aspects, I could see operating leverage with increased size as well
Overall, growing well (all be it slower rate of growth), very profitable, strong network effects, trying new avenues of growth. In my view, definitely not dying
@@tysoncodes Incorrect
@@jackwilliamburgesslook at the stock
airbnb and über are gig businesses , expensive market cap, but do not own any assets. Unlike Uber , Airbnb can acquire hotels which are hard assets and expand into new business categories.
Uber is prone to disruption from self-driving companies like Waymo
Should be illegal Doy Ralph
they misrepresent the business....❤
Airbnbs have directly impacted ready available long term rentals with many long term rentals turned into air bnbs. These operators are making 1 months rent in a weeks. Taxation on this type of capital gains is needed. You need taxes so high it's not profitable compared to long term rentals period.
Home ownership was supposed to be a end goal safety need . It's now become people's businesses with short term rentals. Home values need to plummet to pre pandemic levels or affordability is decades away not years. Specially if we continue to let in 1.5million people a year like Trudeau has been for 8 years. If you're going to have immigration .. housing is a federal responsibility. You don't flood Canadian with immigrants when you had homelessness before . Then you incentivized businesses to hire these immigrants rather then Canadians by subsidizing their employment by up to 70% with tax dollars. So born and raised citizens can't find the jobs because it's more profitable for these businesses to hire immigrants as they pay 30% of the wage vs 100%> this is anti Canadian and absolutely disgusting
He has no coue
No loyalty rewards/points program, no thanks.
Every dime that company makes it stolen from the people that stay in the places and the people that rent the places out. Horrible business just go to hotels.
You a fool