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by sek 2424 days ago
You don't know exactly how much they have to do with it, they could just be a symptom and a scapegoat.

AirBnB has about 10 Billion in gross bookings (fees are about a quarter) worldwide now, so when they started out it was less. Real estate values have risen in the trillions since the financial crisis and the low interest policy.

The money from AirBnB goes mostly to renters, the ones who didn't benefit from those value increases. Also some of the money went to higher prices in the Hotel industry, who faces more competition now.

So I think it's much more complicated with AirBnB.