this post was submitted on 12 May 2024
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It also doesn't help housing prices that the landlords are colluding to raise prices:
https://www.ftc.gov/business-guidance/blog/2024/03/price-fixing-algorithm-still-price-fixing
It isn't just Airbnb's fault, it's landlords wanting to maximize their return, no matter the method (short-term rentals or price fixing collusion).
Then explain why this is a global phenomenon?
Because the same causes are happening mostly all over the world. Meaning, buying up houses. Driving up rent, etc.