Jeff Bezos wants people to stop blaming Airbnb for high rents in New York city

Jeff Bezos argued on CNBC that government policies limiting housing supply, not Airbnb, are the primary drivers of high rents in New York City. He cited zoning and permitting restrictions as key factors, stating that subsidizing demand while constraining supply inevitably leads to soaring prices. Bezos also criticized corporate welfare and special tax provisions as forms of crony capitalism.

By TOI TECH DESK