Uber is fucked and AirBNB is facing lot of resistance for making cities unaffordable by incentivizing landlords to rent to short term travellers vs people who are contributing to the local economy who aren't able to move closer to work due to lack of supply.

Not exactly what the internet ordered.

Uber is most certainly not fucked, and if it isn't Uber, it'll be another ride sharing company. Airbnb is growing rapidly and helping to create a more mobile world, where you can affordably travel, or live in different places a few months at a time.

And tourists on a per capita basis contribute far more per day than long-term residents, since they're in high spending mode. They also consume fewer government services like welfare and medical care, so they don't cost the taxpayer as much.

Airbnb also makes it much easier to rent out spare units that would otherwise sit empty. It makes it easier to rent out that extra bedroom, or your unit while you go on vacation for two weeks. That increases total housing supply. Short term housing is still part of housing supply. People need affordable options when they're transitioning from one long term unit to another. It's not always a same day transition.

Markets in general benefit mankind, by allowing more efficient exchange. This is Econ 101 stuff, for which there is mountain of real world evidence.

> Uber is fucked

Uber is definitely not fucked because customers don't wanna use Uber.

and it is going to take a long time for the legislative bodies to catch up to modern realities.

thank the internet.

What makes you think that legislative bodies are capable of catching up?

Closer to 20 for the commercial internet.