Turns out claims Airbnb was taking houses out of the rental market were right
Can we change the submitted post? I didn't see any sources quoted on that Tweet, just an animation. Side note: please stop submitting or otherwise citing "Twitter threads". They're terrible.But there does seem to be some basis for this eg [1] [2]. And I can believe it.I've long since held the opinion that Airbnb is a cancer on society. While Uber allows you to get value from a vehicle you may already own (at the cost of wear and tear, mind you) and there are many, particularly those in the US, who seem to hold this view that "it's my home, I can do what I want with it", the reality is that neighbours of that Airbnb bear the externalities and the cost of your listing and it's not easy for most people to up and move.Another way of putting this is that it is a tragedy of the commons as Airbnb "hosts" extract value from a community that bears the cost with little choice in the matter.This lazy (and typically selfish) twisted version of "free market" thinking quickly erodes when, for example, I propose using my house that's next to yours as a tannery or a toxic waste storage site.My only complaint about jurisdictions trying to crack down on this is that their efforts have been too slow and anaemic. NYC is plagued with what are essentially illegal hotels. There are a reason that hotels exist in the current form and place. It's for the safety of guests (eg compliance with fire codes) and the benefit of residents (ie zoning).[1]: https://www.independent.ie/world-news/coronavirus/homes-for-...[2]: https://www.balls.ie/the-rewind-news/something-interesting-h...