On March 13, 2017 Brian Chesky (the founder and CEO of Airbnb) was interviewed on stage by Fortune Magazine editor Leigh Gallagher as part of a New York Economic Club lunch meeting. In response to a question about Airbnb and long term housing he said:
“When we started Airbnb, we didn’t fathom millions of people doing this. So I did not consider landlords. I didn’t consider cities. It was so bigger than what our idea was. Our idea was just to bring two people together. It grew so fast. There were substantive problems, a phenomenon that occurred where landlords saw they could make a lot of money taking units off the market and renting them on a short-term basis."