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Time to solve the housing crisis... (lemmy.world)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 9 points 9 months ago (2 children)

Was there no housing crisis before AirBnB?

[–] [email protected] 31 points 9 months ago

There was but AirBNB et al made it worse. The other piece of it is private equity firms buying up homes and using them for long term rentals.

[–] [email protected] 29 points 9 months ago* (last edited 9 months ago)

"entrepreneurs" were going out and buying houses en masse to put on airbnb, turning long term homes into short term rentals with exorbitant prices.

There was one before, but AirBNB and shit like it made it magnitudes worse.