UBER And AirBnb in BIG TROUBLE! PEOPLE ARE SAYING NO!
39,621
Published 2024-08-08
Startup companies like Uber Lyft and Airbnb were all founded during the aftermath of the great financial crisis of 2008. And for a long time, these companies had a really good run because their venture capital backers were essentially subsidizing the price of their services making it extremely affordable for people who are already on a tight budget. But now that that's no longer the case customers are turning their backs on these companies, which will likely lead to more layoffs, more job losses, and a deepening recession.
Need a Realtor? homeandmoney.com/michael/
======
My Filming and Editing Equipment
michaelbordenaro.com/my-youtube-gear/
======
I offer 1 on 1 calls, book one if you'd like!
michaelbordenaro.com/book-service/
======
Sign Up for My Email list and Get Weekly Video Updates in Your Inbox!
bit.ly/MBreminders
======
Get Cash Back on ALL your Internet Purchases!
www.rakuten.com/r/NIRVPL2?eeid=28187
======
My Microphone (Lot of People Have Asked)
amzn.to/3Mhs2oz
Articles Mentioned in the Video
FTC Legal Disclaimer - Some links found in the description box of my videos may be affiliate links, meaning I will make commission on purchases you make through my link. This is at no extra cost to you to use my links/codes, it's just one more way to support the channel! :)
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.
All Comments (21)
-
Everyone IS SCREAMING FOR AN EMERGENCY RATE CUT… https://youtu.be/2dnOX-_c7sc
-
Airbnb's are making it too expensive for local residents. Good riddance. 👍
-
We used VRBO for the first time…. Over $400 / night for a depressing dump. They showed ratings of 10/10 .. what a joke. Never again.
-
Interesting. I took an Uber the other day for the first time in a long time. The Driver got $6.50. Uber took over $13.00 for their fees. That seems outrageous and exactly reversed to me.
-
Uber estimated my ride, approximately 5 miles, would cost me $69.00. I quickly deleted the app and will never use them. What a joke.
-
One of the most important life lessons you can learn, is the ability to say "no".
-
UBER has zero assets associated with what the service requires to perform but yet takes biggest portion of fares charged.
-
I never found AirBnB that cheap after you added in all their BS fees. It was a scam.
-
Put "hidden cameras air BNB" into YouTube....you'll never stay in an air BNB again.
-
Not only have Airbnb fees increased, but hosts have also raised prices higher than hotels. For that cost, you might as well enjoy the comfort of a hotel.
-
Millennials a decade ago: “hotels and taxis are for old people” Millennials now: “hotels and taxis are much better than Uber and Air BNB”
-
When Airbnb started to become more expensive than a hotel, and you have to clean up or pull all the sheets, run dishes and such…rather go to a hotel. Plus the bs fees are ridiculous.
-
I’ve found that taxis are often cheaper than Uber.
-
I remember when these companies came online, everyone was talking about the 'sharing' culture. What really developed is the "i want to leverage my wealth and luck so I can abuse my fellow man so I don't have to do real work" culture. I was in a $18 Lyft ride a few weeks back. As a part time driver, I had to ask the guy, out of the $18, how much will you get. This young, first generation U.S. man said "about 5 dollars". I felt so ashamed, I gave him a $10 Tip. On Air BNB People in Florida are asking $300 a night for their converted garage (off season). It really is a Dog - eat - dog world.
-
Bad idea having your wife in the car. The thugs will walk up, break the window, and grab your wife’s purse whether she sitting there or not. In Oakland they will pull up next to you at a red light, break the window and grab the purse. It’s crazy.
-
I used to go for a 3 day weekend once a month to SF. The homeless and crime got so bad that i just couldn't enjoy it anymore. I haven't been in years and can't see myself ever returning.
-
Air BnB got banned from where I live due to their operations being completely fraudulent and destructive for the small hotels that are everywhere here. Tourists would show up and realize they got scammed by the app with fake postings. And the non scam Air BnBs still were overpriced and often lacked basic things like Internet or A/C units.
-
Im a millennial, and I've turned my back on every service down to even not eating at restaurants. Many more will do the same, and we will all watch your companies fail.
-
I was going to do an Airbnb in Daytona Beach for bike week last year but by the time they added all the fees, etc. it was literally, no exaggeration, twice the stated nightly price. Politely told the owner I had sticker shock. I just got my regular old beachfront hotel room. It was way way cheaper.
-
Michael, you comments about Uber/Lyft are RIGHT ON. I am a former driver (for both platforms). I used to occasionally work the San Francisco Airport. Back in 2018/2019 there used to be two HUGE parking lots (for the Rideshare drivers). As a driver you would sit in a queue of over 150+ drivers. Back then the money making was very good. Sadly, both of these companies started taking more and more of the percentage of the fares. I got tired of these companies holding the proverbial 'carrot' higher & higher. No way I would EVER work as a driver again. Those companies are so deceptive! Thank you for shelling out all the truth!
