this post was submitted on 12 May 2024
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How Airbnb accidentally screwed the US housing market and made $100 billion (www.arktrek.shop)
submitted 5 months ago by Dragxito@lemmy.world to c/technology@lemmy.world
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[โ€“] Meltrax@lemmy.world 10 points 5 months ago* (last edited 5 months ago) (1 children)

Jesus. I can't find an affordable apartment in Boston but "Blue grounds" is listing fucking 372 of them on Airbnb....

EDIT: so Blueground is the biggest property holder in almost every city? Or one of the top 5 in the places it isn't #1. What the hell?

[โ€“] kalpol@lemm.ee 3 points 5 months ago

There are whole 30 story apartment buildings which are managed and run like a hotel but with units purchased by owners for STRs. Crowd-sourced hotels. So might be that company managing a whole building.