this post was submitted on 12 May 2024
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[–] Spotlight7573@lemmy.world 24 points 5 months ago (1 children)

It also doesn't help housing prices that the landlords are colluding to raise prices:

https://www.ftc.gov/business-guidance/blog/2024/03/price-fixing-algorithm-still-price-fixing

It isn't just Airbnb's fault, it's landlords wanting to maximize their return, no matter the method (short-term rentals or price fixing collusion).

[–] filister@lemmy.world 2 points 5 months ago (2 children)

Then explain why this is a global phenomenon?

[–] baru@lemmy.world 4 points 5 months ago

Then explain why this is a global phenomenon?

Because the same causes are happening mostly all over the world. Meaning, buying up houses. Driving up rent, etc.