Not exactly what the internet ordered.
Not exactly what the internet ordered.
And tourists on a per capita basis contribute far more per day than long-term residents, since they're in high spending mode. They also consume fewer government services like welfare and medical care, so they don't cost the taxpayer as much.
Airbnb also makes it much easier to rent out spare units that would otherwise sit empty. It makes it easier to rent out that extra bedroom, or your unit while you go on vacation for two weeks. That increases total housing supply. Short term housing is still part of housing supply. People need affordable options when they're transitioning from one long term unit to another. It's not always a same day transition.
Markets in general benefit mankind, by allowing more efficient exchange. This is Econ 101 stuff, for which there is mountain of real world evidence.
Uber is definitely not fucked because customers don't wanna use Uber.
thank the internet.