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Vacant housing existed because of a conscious choice by society to preserve the residential character of non-tourist districts. Tourists are generally well off
by new_realist 7y ago
Vacant housing existed because of a conscious choice by society to preserve the residential character of non-tourist districts. Tourists are generally well off, because travel is discretionary or paid for by big business. Now that these wealthy travellers are permitted to parachute in anywhere, rents rise and residents lives are made harder. Like your den? Too bad, you'll have to share it with strangers now in order to afford your house.
AirBnB is a gift to rich out of towners.
- jdsully 7y agoJust because the value creation goes to the well off does not mean value wasn’t created.