> These highly-leveraged "new" companies and individuals make up only a portion of AirBnB-rented homes
That's what AirBnb very much likes you to believe. In my opinion they lie a lot.
> which themselves are only a small portion of the entire housing market.
That really depends on the city. Barcelona, Amsterdam, Prague and other cities were literally killed by AirBnb and by extension by AirBnb slumlords.
> Also, worth considering that short-term rentals can easily be transformed back into long-term rentals.
That maybe true. Then again, if you max out your credit card to speculate on highly leveraged financial products the time window for clean-up may be very short and you may be forced to sell at a very bad price.
I, for one, are really not sorry for this bunch of city killing assholes. For short term financial gains they make life miserable for everybody else.
That's what AirBnb very much likes you to believe. In my opinion they lie a lot.
> which themselves are only a small portion of the entire housing market.
That really depends on the city. Barcelona, Amsterdam, Prague and other cities were literally killed by AirBnb and by extension by AirBnb slumlords.
> Also, worth considering that short-term rentals can easily be transformed back into long-term rentals.
That maybe true. Then again, if you max out your credit card to speculate on highly leveraged financial products the time window for clean-up may be very short and you may be forced to sell at a very bad price.
I, for one, are really not sorry for this bunch of city killing assholes. For short term financial gains they make life miserable for everybody else.