Tag Archives: Cortes Businesses

When the Invisible Hand Fumbles: The AIRBnB Phenomenon

It’s pretty common knowledge that we have a housing crisis on Cortes. In fact, there’s a “housing crisis” in many — perhaps most — popular or attractive places in North America and Europe right now. One of the factors often mentioned is AirBnB. This phenomenon (AirBnB now has global impact and qualifies as a Phenomenon!) vividly illustrates the predicament of “good for one is not necessarily good for all” — also sometimes known as “smart for one, dumb for all”.

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