Random idea. What if, there was AirBnB equivalent endorsed by local city letting it control rules.
Currently AirBnB do some arbitrage based on regulations: change residential zoning to hotel one.
E.g. startup does infrastructure, but let city control what going on in exchange for enforcing rules. AirBnB seems easy to crack down as almost all listing are semi-public.
This article is not even accessible from google.com :(
How do paywalled articles get to the frontpage? Is there a prevalence of ft.com subscribers on HN?
So apparently I have to subscribe first in order to read the article... NO, thank you.
Stop posting paywall please. Otherwise its simply an add for a subscription service.
Airbnb is supposed to be part of the sharing economy, where normal people can share their places to earn some extra money. But now it is turning into a heaven for rentiers to earn money with their redundant properties. Airbnb should have stopped those bookings themselves, not after being forced by local authorities.