💯

Governments will scapegoat the shit out of AirBnB. Already happening where I live, they put a 7% tax on bookings and are blaming them for a rental crisis (vacancy rate of 1.1%) whilst they hold 1.4% of housing supply and the country is importing immigrants at a rate 3X higher than pre Covid.

I don’t feel sorry for the AirBnBers though, they thought the gravy train would never end and never even considered the risk that they’d be targeted by governments when they needed an excuse and tax revenues.