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Uhh, that's generally not the purpose of housing laws. Residents generally benefit from higher housing prices, since they usually own houses. From what I unders
by ThrustVectoring 10y ago
Uhh, that's generally not the purpose of housing laws. Residents generally benefit from higher housing prices, since they usually own houses. From what I understand, it's a mix of giving political power to local homeowners, protecting housing prices, and opposing things that make the area less desirable to live in. NIMBY bullshit, basically.
I mean, sure, it's marketed as being a measure to control housing prices, but so is rent control.
- snuxoll 10y agoProperty owners benefit from higher housing prices, in dense urban areas these are not typically the same people that occupy the dwelling. Renting out apartments on Airbnb removes that unit from the local housing stock, raising prices as demand increases and supply drops. This is why San Francisco is battling with Airbnb, housing is already expensive enough, having people sub-let apartments or buy houses only to put them up on Airbnb is making an already bad housing shortage even worse.