The Silicon Valley mantra of “move fast and break things” is breaking our neighborhoods, our cities, and our world. The reason is that these are not tech companies in the old sense. They are real estate companies, they are taxi companies, they are hotels, etc. Every business in 2019 relies on tech, and that does not make them a tech company. Starbucks has a robust technical infrastructure, but I think it’s safe to call them a retail coffee chain.
As this study points out, it’s time to take a hard look at what is going on before it’s too late. So much damage has already been done.
The economic costs and benefits of AirbnbThere may be plenty wrong with the status quo in cities’ zoning decisions. But the proper way to improve local zoning laws is not to simply let well-funded corporations ignore the status quo and do what they want. As this report shows, there is little evidence that the net benefit of accelerated Airbnb expansion is large enough to justify overturning previous considerations that led to the regulatory status quo—in fact, the costs of further Airbnb expansion seem likely to be at least as large, if not larger, than the benefits.