In New York City, Airbnb Chief Executive Officer Brian Chesky contends that his web service for short-term rentals is helping ordinary people hold onto their property. The rent they receive from those staying a night or two helps pay the mortgage. That's what FORTUNE reports as the pressure against Airbnb escalates. The lodging industry is ripped that this more affordable option is increasingly popular.
What could derail the momentum is if property owners get scared of prosecution and fines. Then they will stop leasing their space on Airbnb. That could be the agenda behind NY Attorney General Eric Scheiderman's recent move. He subpoenaed Airbnb to provide information about the 15,000 who lease out.
This web v brick and mortar is one to watch.