I doubt it. It may change but it’s not likely to go away as long as it remains highly profitable and as long as the poor & those on a limited income are being required to meet the strict & ever growing “chinese” social credit requirements.
Discussion
No, I think nostr:npub1p5ryszcvdca78jdp5ewhu67zpyfz042m7nrha6mqx7a8wakrqrkqre5ksj is most likely right about this. The housing and Airbnb markets are both in bubbles. I think we're just gonna have to wait for them to pop. After they do, housing will hopefully become more affordable and take supply away from Airbnb. Also, I can only hope mortgage rates will drop as well once this happens.
Yes, if the housing market bubble pops then that will greatly affect Airbnb, butthat’s not the reasoning that Libertas gave. I would add that Airbnb will also be in trouble if the entire econ “pops”. However, as for now, the poor, the elderly, and disabled are more-n-more having to resort to renting Airbnb’s bcz they cannot meet social credit requirements - such as having 3X the rent in income for apts & houses. And the sheepppl don’t care so I don’t see that changing anytime soon. In fact what our society is doing is…taking advantage of the situation. And… these renters are charging hotel rates a room. Rooms that would otherwise be affordable.