[Delumine]

I agree. AirBNB was a mistake. It used to be that an apartment could be rented out for a decent amount above your mortgage, and expenses. But now there's no incentive to opt for long-term rentals, when a short-term one is more profitable.

Then the rich get richer and consolidate more properties under their companies, leaving the rest to fend for themselves. Think of people who had been making sacrifices so they could save up to purchase something, just to be outbid by collective groups of people just purchasing property to rent them out. There's no competing.

[littlestymaar]

The worse part is how the “success stories” or airbnb hosts have brainwashed lots of people: my middle class friends strongly oppose regulating airbnb because they dream of someday buying a place to rent on airbnb and get passive income, when they don't realize the reason their rents and housing prices are so high is because of this kind of behavior and that they'll never make it in the first place because of the high prices. The ones who owned before airbnb came where the ones who made real money.

[mistrial9]

> now there's no incentive to opt for long-term rentals

this happened very, very quickly in some markets.. +10 years ago