> My feeling is we're still in the Uber era subsidy period
I often wonder whether this doesn't continue indefinitely.
Uber was able to do this because it was just them and Lyft playing second fiddle, with a huge barrier to entry once the network effects had kicked in.
It just seems like the model space has way too many competitors, + OSS/Local options for them to ever be able to jack up their prices. At least once the datacenter bottleneck has been cleared.
Well, and once this kills the web then Google's AI no longer has a data source its AI can tap to answer questions about anything that happens afterward, so it kind of needs the web to at least limp along.
That doesn't seem like much of a plan given their trailing position in the cloud space and the fact that Microsoft and AWS both have their own offerings.
I wonder if they're pulling the wall-mart model. Ruthlessly cut costs and sell at-or-below costs until your competitors go out of business, then ratchet up the prices once you have market dominance.
Housing supply is inelastic due to the time it takes to permit and built.
Housing demand is more elastic than you suspect. People have income on a curve, and at a certain point of price/quality will move further out and commute or move to a lower cost of living city entirely.
Never had any issues.