[mdorazio]

That's a pretty simplistic way of looking at it. There are a baotload of regulations on hotels for very good reasons, as other commenters have pointed out. If you turn your home into a de facto hotel then those same regulations should apply to you as well. To me, Airbnb is a case of many people wanting to have their cake and eat it too - they want the rental income, but not the downsides of adhering to short-term rental regulations.

Think if you started a bakery and went through the laborious process of getting a business license, getting your kitchen health inspected and certified, etc. and then a week later someone next door just started selling bread out of their home to undercut you on price, regulations be damned. I would be rightly pissed off and expect the local government to shut down the home operation.

[ab5tract]

"Airbnb is a case of many people wanting to have their cake and eat it too" -- in fact, considering that the whole company was founded by two bros who couldn't afford their own rent, this is a perfect summation of what Airbnb does. And now that it exists, rents are even more unaffordable than before.

Commenters who want to ignore externalities are Randians with no actual sense of human society. All they see are rules that are in their own personal way, naturally some tyranny or another. Democracy itself is a blight in their eyes, and a business plan should always trump community concerns.