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Comment Re:Good. Airbnb should be banned everywhere (Score 1) 200

One possible outcome. The airbnb issue isn't the root cause, but it might be the trigger:

1) Airbnbs get banned (actually usage is starting to slow anyway - discretionary spending is down)
2) Airbnb owners start to dump properties on to the market.
3) Neighborhoods get re-comped at much lower rates.
4) Things start to snowball - other owners panic sell since most of their savings is stored in home equity and try to get out early.
5) As home equity evaporates, people scream. Time for the government to step in.
6) Central banks lower interest rates as economy deteriorates.
7) Big investors with liquidity swoop in and buy up the now extraordinarily cheap assets (houses, businesses, etc).
8) The rich get richer, the poor get poorer.
9) Rinse and repeat.

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