Earlier quoted context omitted.
It's not a zero-sum game. You can have both, but you need to build enough to have it. Regulating the use of a thing is a mark of market failure. How would you feel if the government told you that you could only use a pencil for writing because that has more social value than its use in making a model log cabin? You're also failing to process my point: that banning short-term rentals is an ineffective lever, not that…
No, we have been ignoring your point because it’s one of those Econ 101 world views based on assumptions that have no basis in the real world and actual human behavior. You can’t look at the number of Airbnb rentals and conclude it’s not having a significant impact on the market simply based on the raw number of units. What we know from all systems theory is that a small portion of things has the majority of the effe…
"At the median owner-occupancy rate zip code, we find that a 1% increase in Airbnb listings leads to a 0.018% increase in rents and a 0.026% increase in house prices."