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While I have little doubt that AirBnB contributes to the housing crisis, it is not the sole or biggest cause.
Based on?
Just look at the amount of money private equity puts into buying homes. Most of these homes will go for rentals or airbnbs. So they are related, but airbnb itself is the symptom, not the root of the problem.
The fact that some cities who have already banned short term rentals are still not affordable at all. While the details of the bans vary, cities include Paris, New York, and Amsterdam. None of which are cheap still.
Those are places that haven't been cheap in centuries.
That's sort of my point.
187 comments