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There is also the consequence of removing rental inventory from residents of that city because renting to tourists is more profitable if you don't have to meet
by snarf21 7y ago
There is also the consequence of removing rental inventory from residents of that city because renting to tourists is more profitable if you don't have to meet any of the other conditions of running a legal hotel.
- hkai 7y agoIf renting out to anyone is profitable and there is suddenly more demand for housing, doesn't it encourage construction of new housing?