> As long as regulating authorities allow private residences to be occupied by renters on a short term basis, then investors are going to buy property and rent

> As long as regulating authorities allow private residences to be occupied by renters on a short term basis, then investors are going to buy property and rent it that way. Regulators in many cities didn't allow residences to be occupied by renters on a short term basis but Airbnb facilitated those transactions anyway.