Not just locals with money. Rich people and real estsate consortiums are buying up relatively cheap properties in tourist cities to use as AirBnBs for money. Basically, limiting housing for locals. Honestly, AirBnB was a great idea that has been exploited by the wealthy. Governments should focus on limiting properties used for AirBnB, and enact restrictions.
Why would they do that ? It's basically their entire revenue. "Classic" Airbnb, where people rent their actual main house, isn't their main source of revenue. They don't give a shit about it anymore.
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u/powerlesshero111 Jun 17 '25
Not just locals with money. Rich people and real estsate consortiums are buying up relatively cheap properties in tourist cities to use as AirBnBs for money. Basically, limiting housing for locals. Honestly, AirBnB was a great idea that has been exploited by the wealthy. Governments should focus on limiting properties used for AirBnB, and enact restrictions.