Airbnb’s exponential growth worldwide is devouring an increasing share of hotel revenues and also driving down room prices and occupancy rates, suggests a new study, which also found that travelers felt Airbnb properties were more authentic than franchised hotels.

You are fighting windmills here. I have turned a single family or two into an Airbnb for a good amount of time, you can get angry at me all you want, but I am the symptom not the problem.

In most cities housing costs have skyrocketed. They are so high in fact that if you want to own an investment property you are either 1) a slumlord that does no repairs, doesn’t care about his tenants and charges low rent 2) are a large corporate with big pockets that leverages rents across multiple cities or 3) are a small time investor that has to have higher rents. The last group is constantly being squeezed by the first two primarily but also by anti landlord laws in these cities, increased taxation and rents not keeping up with the cost of ownership.

Airbnb addresses all these issues at once for these landlords. They don’t have to deal with tenants that won’t pay and the city won’t evict (takes 6 months + to evict someone in my city, for someone that is barely covering mortgage this can quickly result in foreclosure), they don’t have to deal with competing slumlords and corporate investors and income will cover cost.

If you removed Airbnb there is no guarantees that you will get any relief in rental prices. If you want that there is only one fight to fight: Change zoning laws. Zoning laws are the reasons for the shortage of housing we have. They do not allow for new buildings, no be wants them in their backyard and “tall building are ugly”. You could quadruple the housing in most cities simply by changing zoning laws. That is something that truly has an impact.

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