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Yes, AirBnB brought down the cost of short term rentals by removing stock from the long term rental market. I think this is a net-negative for society and consu
by AlexandrB 4y ago
Yes, AirBnB brought down the cost of short term rentals by removing stock from the long term rental market. I think this is a net-negative for society and consumers. It's great that you saved money for a 2 week rental. That was more than made up by someone else who has had to pay more for housing for years.
- maerF0x0 4y agoIf AirBnb truly made the market prices go up, then beyond short term shocks it's more of city hall's (and NIMBYism) fault that new supply couldn't come to market (such as rezoning) . America has a massive zoning issue that is causing all kinds of pain and suffering to lower middle class and below. https://www.youtube.com/watch?v=SfsCniN7Nsc https://www.youtube.com/watch?v=SfsCniN7Nsc https://www.youtube.com/watch?v=7pq-UvE1j1Q https://www.youtube.com/watch?v=7pq-UvE1j1Q
- deleted 4y ago[deleted]