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Airbnb Will Probably Get You Evicted And Priced Out Of The City

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AirBnB is causing entire neighborhoods to become ghost towns, as landlords push out tenants to make way for overnight visitors.

Renting your place on Airbnb might help you pay your rent, but it’s making New York City — and San Francisco, Montreal, Berlin and other popular destinations — even less affordable than they already are.

more here....


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The more the economic rent seeker takes makes the smaller the pie gets. A shame that healthy cells are part of the same organism to suffer.

This reminds me that AirBnB is one of the companies mentioned on this New York Times article as being part of the internet Wild West:

quote: "Take Airbnb, a San Francisco-based company now valued at close to $10 billion that enables users in 192 countries to turn their homes into hotel rooms. In 2010, the state of New York passed a law confirming that short-stay rentals were generally illegal in apartment buildings, and for good reason:"


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