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by CydeWeys 484 days ago
> But if you look at many cities you'll see that population has not grown significantly.

You've got cause and effect backwards here. The population hasn't grown because the housing hasn't been built for them. The city population would have grown if more housing were available, but instead what happened is that the limited supply drive rents up and kept some people out.

Separately, there's also too few hotels in the city to accommodate tourists, so some housing was converted to that more profitable use. It all can be traced back to not building enough to satisfy increasing demand.

1 comments

I don't know if you can say that Airbnb is the result of market forces - dodging STR regulations and taxes seem to be lucrative enough on their own.