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> without any commensurate boost in residents' incomes to compensate Residents have the opportunity to increase their income through short-term rentals.

• orblivion 10y ago
  Well they have to live somewhere during that rental too right?
  • randomdata 10y ago
    Occupancy can be shared, or can be reserved for periods when the primary occupant is away. I don't even travel much, but still manage to be away from my home for several entire days out of the year. Mind you, tourists have no interest in the area I live to begin with, so that is always another good option for curbing interest in AirBnB.
    • orblivion 10y ago
      Presumably poorer people (who are most relevant to this topic) won't be traveling that much, and won't have an abundance of space in their homes for a shared occupancy.
      • randomdata 10y ago
        While I admit I'm not completely up on all the details of New Orleans specifically, a quick Google search suggests that rent is in line what what I would expect to find around my area, where tourists have little interest in visiting (small farming town of no importance), and isn't exactly flush with cash either (median income is similar). Surprisingly, although less concerning to the poor, ownership prices don't even seem very expensive in New Orleans. If anything, less than you would find where I am. Now I'm starting to wonder where the idea that costs skyrocketed is coming from? Perhaps local prices were actually heavily depressed due to some natural/economic disasters and have finally started to return to what that income level can support through recovery from those events; AirBnB having little to do with it?