3 ms·
>What happens when you build more supply, but increasing amounts of people just buy up the units not to live or rent out, but in order to run virtual hotel busi
by hueving 10y ago
>What happens when you build more supply, but increasing amounts of people just buy up the units not to live or rent out, but in order to run virtual hotel businesses on Airbnb?
Then airbnb prices decline or units go empty so listing on airbnb becomes unprofitable. Supply and demand is very real, it's not like some ideology that hasn't been demonstrated day in and day out. Please read up on an intro to econ!
- st3v3r 10y agoAnd what happens to the people in the meantime? How long does this take before we have a satisfactory outcome, which would be people not being priced out of housing?
- hueving 10y agoIf you chose to rent and cannot afford the neighborhood you live in, I'm not sure why you are entitled to be there at the expense of others who want to be there as well.
- st3v3r 10y agoI'm going to turn that around on you: Why are you entitled to be there at the expense of others who are already there?