I think the problem isn't the conversion of rent controlled apartments, it's that there are rent controlled apartments.
Rent control artificially limits supply and drives up prices for everyone else. This is one of the few things economists can agree on regardless of political affiliation. This isn't Airbnb's fault.
Rent control artificially limits supply and drives up prices for everyone else. This is one of the few things economists can agree on regardless of political affiliation. This isn't Airbnb's fault.