Whenever I look at Airbnb listings, I’m amazed by how expensive some of them are. People are apparently paying big bucks these days for flashy, Instagram-friendly “experiences.” In many tourist areas, long-term renters are getting priced out. Part of this is due to the raging real estate market — though the money to be made these days from short-term rentals can quickly outpace income from traditional tenants. This isn’t exactly helping to stabilize things for working people who just need a home, not an experience.
Tags: airbnb, economy, housing, inequality, renting