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Airbnb was wild, disruptive and cheap: we loved it. But it wasn’t a love strong enough to last



In the US, the canary in the coalmine may turn out to have been the Super Bowl last month, when the confluence of the biggest game in American football, a huge international golf tournament and annual spring training should have brought a windfall to the landlords of Phoenix, Arizona. Unlike some cities – notably, Barcelona and Los Angeles – that have introduced measures to curb the growth of short-term rentals, in Phoenix there are few restrictions. And so, in February, hosts of Airbnb, Vrbo and similar properties-for-let companies stood by for a bonanza, hiking prices to an average of $1,000 a night. And then they waited. And waited.


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