4 ms·
Not just in SF. I live in Austin and we have investors from outside the city buying up residential properties from the already strained and limited pool to tur
by wavefunction 11y ago
Not just in SF. I live in Austin and we have investors from outside the city buying up residential properties from the already strained and limited pool to turn into STRs. Luxury condos displacing older and more affordable housing but it seems many are still sitting vacant.
So much for 'market solutions.'
- wavefunction 11y ago0'd again, loving this shoot-from-the-hip place HN has become. At least post a reply if you disagree with what I've posted.
- dublinben 11y agoThis problem exists in every city, and will continue regardless if Airbnb is regulated out of business. The real problem here is absentee landlords, charging arbitrary amounts of rent.
- toomuchtodo 11y agoOne step at a time. Operate at scale, be prepared to be regulated at scale.
- shaftoe 11y agoI imagine it's not arbitrary. They're charging what they can get for renting their property.