How Airbnb accidentally screwed the US housing market and made $100 billion

Dragxito@lemmy.world to Technology@lemmy.world – 569 points –
How Airbnb accidentally screwed the US housing market and made $100 billion
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https://www.insideairbnb.com

Just gonna leave this here. Pick your favorite city.

edit: guess we killed it. But there are a lot, a lot

Jesus. I can't find an affordable apartment in Boston but "Blue grounds" is listing fucking 372 of them on Airbnb....

EDIT: so Blueground is the biggest property holder in almost every city? Or one of the top 5 in the places it isn't #1. What the hell?

There are whole 30 story apartment buildings which are managed and run like a hotel but with units purchased by owners for STRs. Crowd-sourced hotels. So might be that company managing a whole building.