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> "I have no issue with cities imposing a 30% tax on AirBnbs and using the income to build up the housing stock for locals. They should do this, it makes perfec
by gordon_freeman 9y ago
> "I have no issue with cities imposing a 30% tax on AirBnbs and using the income to build up the housing stock for locals. They should do this, it makes perfect sense."
The problem is that USA is a capitalist country and allows markets to dictate the supply and demand in housing. Look at San Francisco -- the locals have been displaced by techies who can pay as much rent as landlords demand (sometimes even 50% increase in rent over a couple of years). do we have any solution for this kind of problem? I don't think so.
- laingc 9y agoThis sort of sentiment is just absolutely outrageously incorrect. Go and look at any proper study or report on house prices, and you will find who it exception that it is land use regulations that are responsible. Sam Francisco is a prime example, though I could just as easily cite London or Auckland. The supply of housing is restricted by tight land use regulations, and so of course the prices go up. Anybody who wants to blame free markets for the obvious, foreseeable effects of regulation is clearly blinded by ideology.
- Houshalter 9y agoYes we do, it's called building denser.