Hacker News new | ask | show | jobs
by CaptainZapp 2241 days ago
> These highly-leveraged "new" companies and individuals make up only a portion of AirBnB-rented homes

That's what AirBnb very much likes you to believe. In my opinion they lie a lot.

> which themselves are only a small portion of the entire housing market.

That really depends on the city. Barcelona, Amsterdam, Prague and other cities were literally killed by AirBnb and by extension by AirBnb slumlords.

> Also, worth considering that short-term rentals can easily be transformed back into long-term rentals.

That maybe true. Then again, if you max out your credit card to speculate on highly leveraged financial products the time window for clean-up may be very short and you may be forced to sell at a very bad price.

I, for one, are really not sorry for this bunch of city killing assholes. For short term financial gains they make life miserable for everybody else.