> It's very clear that many tourists want to stay in AirBNB's. This is a valid consumer preference Well sure it's a valid preference (I'm not sure what an inva

> It's very clear that many tourists want to stay in AirBNB's. This is a valid consumer preference Well sure it's a valid preference (I'm not sure what an invalid consumer preference looks like), but city governments will (and should!) obviously prioritize the needs of residents over the wants of tourists. Residents want to live in the houses that are currently sitting vacant 4-5 days of the week, and completely empty through large swaths of the winter. It's horribly inefficient. Residents want tourists to stay in hotels, not drunkenly partying every weekend in their own neighborhoods. Residents don't want their rent to keep rising 3x faster than their wages. It will be frustrating to some tourists and the folks sitting on short term rental empires, but the tourists don't get to vote on these issues and the Airbnb investor gurus are outnumbered. In the coming years Airbnbs are going to get severely restricted, regulated, and taxed in every major metropolitan area that has both tourism and a housing shortage, because it's such an easy popular thing to do.