6 Cities Harmed by Airbnb’s Brand of Gentrification | Alternet
▻https://www.alternet.org/economy/6-cities-harmed-airbnb-gentrification
The share economy has democratized travel for many, making it cheaper to explore new places while supposedly providing guests with more personal service than they would receive from hotel chains or taxi cabs. But it’s no secret that the ever-popular AirBnb has caused damage since launching almost 10 years ago. Airbnb has amplified the problem of gentrification in some of its most popular destinations. Small historic cities, many of whose central districts were designed hundreds of years ago for much smaller populations, are particularly feeling the crunch.
When residents list their apartments on AirBnb, these neighborhoods can become overcrowded and prompt landlords to raise rents, making it more difficult for longtime residents to afford the pricey real estate.