<story><title>Turns out claims Airbnb was taking houses out of the rental market were right</title><url>https://twitter.com/whimsley/status/1241425945686429699</url></story><parent_chain><item><author>djannzjkzxn</author><text>If we restricted the manufacturing of cars, soon there would be articles about how car rental services are taking cars out of the car market.</text></item></parent_chain><comment><author>gamblor956</author><text>Car rental companies purchase large numbers of cars each year (look up &amp;quot;fleet cars&amp;quot;). They are generally automakers&amp;#x27; biggest, best, and most reliable customers.&lt;p&gt;If you restricted car rental services from buying cars, you  might very well cause the collapse of the automobile industry.&lt;p&gt;In contrast, killing AirBnB does not negatively effect the housing market, because people still need places to live. AirBnB generally increases the cost of housing in every housing market in which it operates because it reduces the number of housing units available. (Example: once LA and Santa Monica cracked down on AirBnB and began regulating short-term pseudo-hotel stays, rents plateaued and began dropping, benefiting thousands of people in the LA area. The only people harmed were the investors who bought multiple residential properties and illegally converted them to unregistered hotels.)</text></comment>
<story><title>Turns out claims Airbnb was taking houses out of the rental market were right</title><url>https://twitter.com/whimsley/status/1241425945686429699</url></story><parent_chain><item><author>djannzjkzxn</author><text>If we restricted the manufacturing of cars, soon there would be articles about how car rental services are taking cars out of the car market.</text></item></parent_chain><comment><author>burkaman</author><text>Yes? What&amp;#x27;s your point?</text></comment>