AOC says Airbnb is 'supercharging evictions' from Puerto Rico to Jackson Hole - and young people will never own a home

"“Airbnb could not exist at its current scale and size without the housing market destabilizations, displacements and exploits that are supercharging the evictions of working people everywhere from Puerto Rico to Jackson Hole,” she wrote on X (1)."

"“Now young people are planning for a future where they will never be able to afford to own a home, while others have 20 and live off renting it out to them at extortionate rates with zero protections.”"

"In tourist destinations - like San Juan or Rincón, Puerto Rico, and Jackson Hole, Wyoming - AOC and other critics warn that STRs reduce available inventory for local residents while driving rent and home prices (2) upward."

Short-term rental platforms are described as worsening housing affordability by destabilizing housing markets and increasing displacement. Concentrated wealth and corporate power are linked to exploitative systems that profit investors while shifting costs onto everyday residents. In tourist destinations such as San Juan and Rincón in Puerto Rico and Jackson Hole in Wyoming, critics say short-term rentals reduce available housing inventory for local residents and push rent and home prices upward. The result is a future where younger people expect they will never be able to afford homeownership, while others buy multiple properties and earn income from renting them out at high rates with limited protections. Housing affordability is framed as a defining economic issue.

Read at Moneywise