In a way, it's a tragedy of the commons thing. Part of what makes a neighborhood nice is... well, the people. People that have lived there for a long time, co

In a way, it's a tragedy of the commons thing. Part of what makes a neighborhood nice is... well, the people. People that have lived there for a long time, contributing to the local economy and community. In a city, where you can't easily expand supply, this has two effects: it drives the demand up and the supply down, yeah? So, now you have people who see dollar signs, and jump on every bit of open housing to rent it out on AirBnB- but doing so means they're not contributing back to the community in the same way it originally became desirable. So, in a way, they're draining the value others created. I do have another note regarding how that value contributes to a community's overall welfare, but I've got to get back to work. I'll edit it this evening.