Is this the beginning of the end for Airbnb?

Speaking with the Wall Street Journal’s podcast The Journal this week, one resident of New York City explained how he was able to go from struggling student to earning a more than comfortable living by doing, well, not really that much at all. In 2020 Tom DeRose was in college in the city and found himself struggling to keep up with his landlord’s rent hike (not uncommon in a city where the average rent price is $4,050 per month for a small apartment).