Is Airbnb making housing shortages worse? | The Tylt
Is Airbnb making housing shortages worse?
Airbnb shifts tourists from hotels to homeowners. Instead of having to go through the proper channels and regulations, some people on Airbnb are listing multiple apartments and houses on the website, acting essentially as hotels. These apartments are taken away from people who need housing, and reduces the number of available units. The platform has ignored these and many other issues.
People sometimes have extra space or rooms in their houses and apartments, and Airbnb gives them a tool to make money from it. People who visit cities need a place to stay. It's a match made in heaven. Airbnb provides middle class Americans with a tool to make more money and supplement their income.
Airbnb isn't responsible for housing shortages, but it is responsible for making it worse. Its users are using its platform to get around regulations that preserve affordable housing. It's unfair and doesn't help anyone but the wealthy.