Its become a worldwide problem because airbnb brought in extra demand from the luxury hotel market. Even if you tripled the housing supply it might not make housing affordable given that like a security guard that wants to buy a house will never make enough to compete with like the millionaires going on vacation every other week.
There needs to a be a large tax on airbnbs in residential areas that helps pay for public housing.
Its become a worldwide problem because airbnb brought in extra demand from the luxury hotel market. Even if you tripled the housing supply it might not make housing affordable given that like a security guard that wants to buy a house will never make enough to compete with like the millionaires going on vacation every other week.
There needs to a be a large tax on airbnbs in residential areas that helps pay for public housing.