Because using space that could be permanently lived in by somebody to instead seek profits as a luxury vacation rental, along with bad housing and tax policies in CA, is exactly the reason we have so many homeless.

1. Too many homeless people

2. Keep making luxury condos and rent them out on AirBnB, while NIMBYs continue to veto affordable higher-density housing developments

3. Blame local government and say it's their problem to fix

4. Get more homeless people

5. Return to step 1