Travis Kalanick

Okay.

So my point is this, that I think the way that it works is it's not just pied-à-terre.

If you own a home that you fully rent out, but that is not the primary residence of the person who is renting it.

it's also a problem.

So this is any, even like a, you know, you had a two week rental or a one week rental or a 30 day rental or even a five year rental and it was somebody else's second home, the owner still gets hit.

So the rental, the sort of rentals of like folks who want to come to that city or who don't wanna own in that city, but it's a second place, the second place thing goes away.

So maybe this is just good for hotels.

That is an issue, is the land banking.

It's like your Bitcoin is hollowing out a neighborhood and there is something there.

But you know what, the whole housing thing is complete cap and utter bullshit because if you move to a place like Austin where you are in Nevada or Florida, you see what happens when you allow people to build units.

In Austin, three years in a row, rents and housing prices have gone down while net migration has gone up.

And then who's stopping the building?

It's democratic cities.

It's NIMBY people.

And then in a Republican town, they're actually building units for an affordability.

So you have one group saying they care about affordability and they're doing nothing about it and they're stopping it.

And in another place, they're like, we're just going to let you build because it's your right to build because it's your land.

That's the approach in Texas.

It's your land.

You have the right to develop it.