At Priceonomics, we like to get more for our money. Typically, there is a trade-off between cost and quality; the higher the quality of a product or service, the more it costs. So when you find superior quality at a cheaper price than existing alternatives, that’s pretty great. In fact, figuring out whether something is a good deal is the whole point of Priceonomics.
Whenever we travel, our preference is to stay at an Airbnb instead of a hotel. For those of you unfamiliar with Airbnb, it’s a website that lets travelers stay at apartments they rent from hosts. Sometimes you rent the whole apartment, sometimes just a private room in the host’s home.