That's not what's happening with AirBnB. That's turning the limiter supply of ownable property (condos and houses) into short term rentals for the owner's profit at the community's expense.
Also, I never said that outright banning is the proper option. Heavy taxation on strictly limited rental options (liter to a level where the community is still able to thrive) is also reasonable.
I'm not saying rich people can't have their second place on the lake or that companies aren't free to build apartment complexes. What benefit to society does allowing businesses and landlords to own portfolios of single family homes and rent them out offer?
Like I wrote above, a friend of mine owns two houses. Under the proposed "no investment residences" rule, he can't, unless he leaves one of them vacant almost all of the year.
For some people, renting is the right thing. It's unclear how banning rental properties makes their life better.
That's rich coming from someone who thinks that owning should be the only way to have a dwelling.
No, I don't think that renting is the only way to have a dwelling.
However, I do think that renting is a better option than owning for many people.
Moreover, I don't think that telling people how they should and shouldn't have dwellings is good.
If you intended to talk only about very short-term rentals, you should have made that clear a couple of messages ago.