Airbnb and short-stay rentals

[Johnny2X2X]

4. Something has to be done

Air BnB was a great concept at first, but it's doing real harm to communities right now. I think there needs to be rules around how many AirBnBs corporations or groups can own. People don't realize that AirBnBs changed the math and corporations are buying up homes sight unseen to rent out as Air BnBs. So you've got hotel groups now buying 300 homes across the country to make into AirBnBs, their business model allows them to make cash offers at 20% above asking, no regular buyer is going to be able to compete with that. It's driving home prices through the roofs and making owning a home unaffordable to many.

And as someone else pointed out, some AirBnBs are party houses. The people staying there are don't care about the neighborhood and act unruly. When AirBnB first started, it was kind of a niche market with tech head type customers. It's devolved into a free for all with partiers renting homes for a week of debauchery.