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I wonder what knock on effects there will be for this part of the economy. How many towns and cities have a significant chunk of real estate that was purchased
by shostack 7y ago
I wonder what knock on effects there will be for this part of the economy. How many towns and cities have a significant chunk of real estate that was purchased exclusively for Airbnb rentals that may eventually get foreclosed as a result of this? What will be the impact to surrounding real estate markets?
- ForHackernews 7y agoSeems like it would only be positive if more housing became available for locals? For myself, I'm hoping Airbnb go bankrupt. In my mind, they're similar to Uber in that their only true innovation is a willingness to disregard local laws.