I mean, the guy has a net worth of ~$9 Billion, so, I think it's worked out pretty well for him, you know, being squarely in the tres commas club and all.
And we can say good idea/bad idea all you'd like, that's just opinion at the end of the day, the truth is there was a market for his idea, a huge one, and the market isn't mound by any sort of moral or ethical or even logical means, so applying those things in order to support a notion of 'good' or 'bad' isn't going to yield truth by any measure.
I think what you're seeing, mostly, with short term rentals, is a lack of housing inventory being created. We've got plenty of space to build, but, for a litany of reasons, it's not being built, and in a general sense, the solution to this problem is to solve those problems that're in the way of adding inventory.
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I mean, the guy has a net worth of ~$9 Billion, so, I think it's worked out pretty well for him, you know, being squarely in the tres commas club and all.
And we can say good idea/bad idea all you'd like, that's just opinion at the end of the day, the truth is there was a market for his idea, a huge one, and the market isn't mound by any sort of moral or ethical or even logical means, so applying those things in order to support a notion of 'good' or 'bad' isn't going to yield truth by any measure.
I think what you're seeing, mostly, with short term rentals, is a lack of housing inventory being created. We've got plenty of space to build, but, for a litany of reasons, it's not being built, and in a general sense, the solution to this problem is to solve those problems that're in the way of adding inventory.