The impact on housing prices is trivial compared to the ridiculous under-supply of hotels in most major cities.
To the point where it has priced-out the ability of anyone under the upper-middle class from visiting most major cities as tourists. How is a middle class family supposed to pay $400/night to rent a room in NY?
Being able to travel shouldn't be artificially priced at a point where hotels are a crushing expense; visiting NYC isn't just for the 1%. You're just playing along with the hotel cartel here.
To the point where it has priced-out the ability of anyone under the upper-middle class from visiting most major cities as tourists. How is a middle class family supposed to pay $400/night to rent a room in NY?
Being able to travel shouldn't be artificially priced at a point where hotels are a crushing expense; visiting NYC isn't just for the 1%. You're just playing along with the hotel cartel here.