Property owners benefit from higher housing prices, in dense urban areas these are not typically the same people that occupy the dwelling. Renting out apartment

Property owners benefit from higher housing prices, in dense urban areas these are not typically the same people that occupy the dwelling. Renting out apartments on Airbnb removes that unit from the local housing stock, raising prices as demand increases and supply drops. This is why San Francisco is battling with Airbnb, housing is already expensive enough, having people sub-let apartments or buy houses only to put them up on Airbnb is making an already bad housing shortage even worse.