Will COVID-19 bring down Airbnb?
Nearly every story on a housing crisis casts Airbnb as one the chief villains driving up rents and home prices. So it should not come as a shock that the crisis facing the company as worldwide travel grinds to a halt has been met with glee from people who have struggled to find affordable housing. But will this virus kill the short-term rental app, or merely change it? What has happened to rents and home prices in cities like Toronto and Vancouver where Airbnb hosts hold a massive amount of units? What about Airbnb landlords, some of whom have sunk their life savings into properties they rent…
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