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AirBNB restrictions should be based on housing vacancy rates. In areas where either through poor zoning or historical preservation there is a restricted supply
by weeksie 8y ago
AirBNB restrictions should be based on housing vacancy rates. In areas where either through poor zoning or historical preservation there is a restricted supply of housing AirBNB should be strictly limited.
However, if vacancy rates are high enough AirBNB acts as a nice pressure valve distributing residential and vacation occupancy without the expense of having to overbuild hotels.
- whichdan 8y agoWhat if the vacancy rates are due to untenable rent prices? I could see vacancy being artificially created this way.
- weeksie 8y agoIf vacancy rates are high enough they create downward pressure on rent.
- whichdan 8y agoYes, assuming AirBnb isn't more profitable than decreasing prices.
- weeksie 8y agoThat may happen in a vanishingly small subset of instances, perhaps in developing economies where the housing stock of a desirable destination hadn't already been augmented by dedicated hotel space—since visitors would be so profitable. My guess it that any situation like that would be relatively short term, but could be handled with special case moratoriums. Maybe I'm missing something but I have a hard time thinking of a situation where this would be anything other than a short term issue.