Why shouldn’t someone be free to rent out their apartment or house on a temporary basis? From Fergus Hodgson at theepochtimes.com:
The city’s absurd fines, crackdowns show hostility for thrift
The most ingenious arbiter of resource allocation is under attack around the globe: market pricing. In the cross hairs stands the peer-to-peer economy, which circumvents price controls, favoritism, and central planning.
The intermediary platforms—Airbnb, Uber, Kickstarter, Turo, etc.—have enabled a flowering of mutually beneficial exchange. The beauty of these decentralized networks is surpassed only by the economic value they bring to users.
The success of these intermediaries lies in their capacity to send out price signals and allow the invisible hand of the free market to work. Where there is pent-up supply or demand, these applications make that known. The harmonious response is for new participants to enter the market, either as providers or consumers, and for untapped resources to be utilized.
