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(Patch)   Hotels near SFO jacked up their rates like crazy after the Asiana Airlines plane crash left hundreds stranded   (millbrae.patch.com) divider line 13
    More: Asinine, Asiana Airlines, SFO, Best Western, Travelodge, Leland Yee, hotel managers  
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2123 clicks; posted to Business » on 07 Jul 2013 at 7:23 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
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2013-07-07 07:35:56 PM  
4 votes:
i understand supply and demand but i really feel automatic price controls should be activated in 100 mile area around a disaster and only released once the area has recovered sufficiently that price gouging is not going to work.

by price controls i mean frozen at the level 24 hour prior to the disaster and increases only allowed to accommodate legit raises in wholesale prices for an item.

i will never agree to profiting off the misery of others.
2013-07-07 10:40:38 PM  
2 votes:

John Buck 41: It's San Francisco, 3000 miles away from me. I don't care.


That makes you about 3000 miles away from me.  I don't care what you think.
2013-07-07 05:58:46 PM  
2 votes:
Ain't capitalism grand?
2013-07-07 05:54:49 PM  
2 votes:
just a little excessive capitalism to ease the trauma, the real american way
2013-07-08 06:50:18 AM  
1 votes:
If there were price controls there would be an outrage story about how thousands of people were waiting around to get hotel rooms. The high prices are a good signal to go on somewhere else.
2013-07-08 06:15:17 AM  
1 votes:

Ivo Shandor: OptionC: For those screaming about "gouging", how exactly would you divvy up the hotel rooms when there are more people/families that want to stay in them than there are rooms/beds?

First come, first served at the standard rates.


As supply decreases and demand increases price goes up. Not a difficult concept. If I owned a hotel I would do the same thing. If they raise price too much people will refuse to pay. This is how the free market works. Not a difficult concept
2013-07-07 08:06:41 PM  
1 votes:

OptionC: For those screaming about "gouging", how exactly would you divvy up the hotel rooms when there are more people/families that want to stay in them than there are rooms/beds?


First come, first served at the standard rates.
2013-07-07 08:00:44 PM  
1 votes:

OptionC: For those screaming about "gouging", how exactly would you divvy up the hotel rooms when there are more people/families that want to stay in them than there are rooms/beds?  "Price gouging" just discriminates by willingness and ability to pay - those willing to pay the most can stay near the airport, those willing to pay less can go stay in a Motel 6 in East Palo Alto.

Any other solution I can think of (first-come-first-serve, a lottery) will be equally unfair - some people will stay near the airport and others will be staying in a Motel 6 in East Palo Alto because there simply aren't enough beds near the airport, but who stays where will just be completely arbitrary and/or random.


How about "first come, first served".

Price gouging isn't some noble way of discriminating by "willingness and ability to pay", it's people making a profit off of suffering and misery.  Don't expect people to endorse that.  Yeah, it's as unfair, but it isn't taking advantage of people when they are at their worst to make more money.
2013-07-07 07:47:28 PM  
1 votes:

OptionC: For those screaming about "gouging", how exactly would you divvy up the hotel rooms when there are more people/families that want to stay in them than there are rooms/beds?  "Price gouging" just discriminates by willingness and ability to pay - those willing to pay the most can stay near the airport, those willing to pay less can go stay in a Motel 6 in East Palo Alto.

Any other solution I can think of (first-come-first-serve, a lottery) will be equally unfair - some people will stay near the airport and others will be staying in a Motel 6 in East Palo Alto because there simply aren't enough beds near the airport, but who stays where will just be completely arbitrary and/or random.


Oh look, it's someone who has no idea how many hotels and motels there are on the peninsula.
2013-07-07 07:42:25 PM  
1 votes:
I'm guessing these rates are set automatically according to a formula based on occupancy rate of hotels in the area. Also, the reporters didn't ask the hotels if they were giving a discount to the victims.

Seems like the reporter is setting out to create an outrage story.
2013-07-07 07:41:04 PM  
1 votes:
For those screaming about "gouging", how exactly would you divvy up the hotel rooms when there are more people/families that want to stay in them than there are rooms/beds?  "Price gouging" just discriminates by willingness and ability to pay - those willing to pay the most can stay near the airport, those willing to pay less can go stay in a Motel 6 in East Palo Alto.

Any other solution I can think of (first-come-first-serve, a lottery) will be equally unfair - some people will stay near the airport and others will be staying in a Motel 6 in East Palo Alto because there simply aren't enough beds near the airport, but who stays where will just be completely arbitrary and/or random.
2013-07-07 07:24:31 PM  
1 votes:
Yay for price gouging after a tragedy!
2013-07-07 07:06:43 PM  
1 votes:
Markets. How do they farking equate demand and supply quantities???
 
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