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AirBNB was great back when it was just a viable means for finding a room in someone's house to crash for a few days. Then the profiteers found it and AirBNB sacrificed their entire reputation for short-sighted greed. Add with everything in the past 20 years
I used to be a host in nyc with two rooms in my place, and it was just that, profiteering ruining it for everyone. But before the LLCs, there were the hosts that just scaled l into becoming profiteerers. A lot of them started as regular hosts and simply found it much more lucrative to scale it to many units or entire buildings.
It was a fun experiment for a while, but I hated what it became as soon as Airbnb started marketing itself more aggressively. Once they shared listings with hotel aggregators, it was over, completely changing the type of clientele and turning it into a sort of Russian roulette, where one in six guests would do something that got me closer to quitting it altogether, which I did eventually.
Edit for clarity: I’m in favor of the current regulation.