this post was submitted on 31 Jan 2024
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Was there no housing crisis before AirBnB?
There was but AirBNB et al made it worse. The other piece of it is private equity firms buying up homes and using them for long term rentals.
"entrepreneurs" were going out and buying houses en masse to put on airbnb, turning long term homes into short term rentals with exorbitant prices.
There was one before, but AirBNB and shit like it made it magnitudes worse.