AirBnB properties have been performing terribly during the pandemic and many of those properties are no longer viable as short-term rentals and are now flooding the traditional rental market at discounted prices or the owners are scrambling to sell them before they default on their loans.
If true, then this may suggest there is very good reason to have regulations on short terms rentals, like AirBnB, which have increased rent around the country to the detriment of affordable housing.
I'm certain covid has decimated airbnb income for many, and it must be part of what's driving down rent prices as these units come back on the long-term rental market.
40% off the market rent. Oh, and because he didn't actually live there, he left everything. Dishes, pots, a bed.
I'll put my other comment here as despite putting anything contentious, the mod here immediately locks my comments on housing related issues:
Correct. So rents fall yet we were told on hacker news over and over that zoning was the problem. That doesn't help, but airbnb was a huge, huge problem.