3 ms·

>So this is counting AirBnBs and other short-term rental spaces as vacant. by definition tourist or transient, so correctly so. Unless you want to call every r

• refurb 7y ago
  That’s a dishonest definition of “vacant” because vacant implies the unit is available for someone to live in. Obviously you don’t include hotels because those were never intended as housing in the traditional sense.
  • dragonwriter 7y ago
    > Obviously you don’t include hotels because those were never intended as housing in the traditional sense. Low-end residential hotels (i.e., the ones not catering primarily to extended white-collar business travel) are, in major function, very hard to distinguish from traditional housing. And what stops any other hotel (particularly higher-end residential / extended-stay hotels) from selling into that market is the expectation that doing so (even with units that are otherwise vacant) would sacrifice the opportunity for more rent from richer people, so it very much is a continuous market.