Submitted by fluffykintail t3_11sqx12 in nyc
theageofnow t1_jciib84 wrote
Reply to comment by azdak in Nearly 1,500 buildings ban Airbnb and other short-term rentals by fluffykintail
The success and profitability of AirBnB is due to the demand for lodging, temporary and permanent, shadowing the small amount of supply. If apartments (and hostels, SROs, and other options) were abundant and plentiful and easy to come by, then far fewer people would be using AirBnBs as temporary housing.
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