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I'm not seeing dramatically different prices to a hotel or hostel, but it is a good idea. Take Paris for example: http://airbnb.com/travel/paris/fr?y=0&min_price=&lng...

A lot of the value I see in this is visiting places that don't have hostels. Like basically anywhere in the US for example :)

really, you don't think there are lots of hostels in the US? I've stayed in quite a few, both in big and small cities.