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Time to solve the housing crisis... (lemmy.world)

submitted 9 months ago by return2ozma@lemmy.world to c/politicalmemes@lemmy.world

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[–] Duke_Nukem_1990@feddit.de 9 points 9 months ago (2 children)

Was there no housing crisis before AirBnB?

[–] harry_balzac@lemmy.world 31 points 9 months ago

There was but AirBNB et al made it worse. The other piece of it is private equity firms buying up homes and using them for long term rentals.

[–] A_Random_Idiot@lemmy.world 29 points 9 months ago* (last edited 9 months ago)

"entrepreneurs" were going out and buying houses en masse to put on airbnb, turning long term homes into short term rentals with exorbitant prices.

There was one before, but AirBNB and shit like it made it magnitudes worse.