Housing is a disaster in every major city and price have been going up almost 10% a year for a while. AirBnb hardly has any influence on that.
Thanks, universally-slandered rent-control! Living in this city makes me realize how cargo-culty a lot of HN economics is.
However, I live here, and it's incredible. Every time some economist (or, worse, economics enthusiast) makes a ludicrous claim like "rent control is objectively and universally agreed upon to be bad" I just laugh. Montreal routinely ranks as one of the best cities in the planet (and I agree with that assessment), so clearly it's not as black-and-white as it's made seem.