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> is just faster to respond to market conditions than traditional hotel businesses because it leverages already built private residences.

It's faster because it breaks the law. It's easy to react quickly if you don't bother paying taxes and ignore rules on subletting, etc. It remove a lot of work.

> AirBnB sidesteps zoning

It's not side stepping anything it's often breaking the law, or at least encouraging other people to do so.



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