Comment by psaintla

This was inevitable and it is going to drive real estate sale and rental prices up dramatically in tourist destinations. I have relatives who own rental property in Key West, they used to sign year long leases and manage the property year round. With Airbnb they rent the same property 1 week each month and make more money than they did with the year long lease. Ultimately landlords have little incentive to rent to locals. Airbnb means they never worry about have to go to landlord/tenant court to evict and never have to worry about getting paid monthly.