Easily. I know at least two people clearing $100k/year by being 'airbnb slumlords.' Real estate agents are keeping apartments off the market and renting them out as hotels.

Airbnb is clearly forcing a convergence between hotel prices and rents. This doesn't just mean forcing hotel prices down, it also means forcing rents up.

I wish the tech community could stop reflexively defending airbnb and engage with the question of what the costs it is imposing are or might be.