, 3 tweets, 1 min read Read on Twitter
How Airbnb works:

1. Developers build 8000 luxury condo towers instead of rental units
2. No one can afford the luxury condos so rich people buy them up as investments
3. The units are then turned into what ppl actually want, rental property, except now expensive and unregulated
Optional step 4: Developers get mad at everyone for turning their useless buildings into shitty unregulated hotels but cannot do anything to stop it
Honestly "thing but expensive and unregulated" is basically every major web "innovation" in the last decade
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