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That does kind of miss the whole point of the article. If you are a resident, you rent an apartment, and pay an extra 23% that in part is due to the ease at whi
by wrasee 9y ago
That does kind of miss the whole point of the article. If you are a resident, you rent an apartment, and pay an extra 23% that in part is due to the ease at which firms like AirBnB let speculators buy up apartments and rent them out to tourists for a profit.
Tourism is good for Spain, that's not lost on anyone. But the profits are not evenly distributed. Not all social problems can be solved by the market.
- atemerev 9y agoWhy the profits should be "evenly" distributed? Even distribution is unfair. Fairness is way more important than equality (in fact, "equality", if unfair, is definitely something you wouldn't want to create). If my friend can rent her apartment for some amount of money and it helps her to survive jobless periods, why she (or I) should bother that somebody is doing it on the larger scale for larger profits? Good for them. And preventing these profits by prohibiting AirBnb will also kill her small income stream, which is way more important to her than it is for the rich guys (who will just invest freed money to something else).