2 ms·

I also think local governments will see a lot of the apartments re-enter the long-term rent market, helping fix some of the housing problem... And then make law

I also think local governments will see a lot of the apartments re-enter the long-term rent market, helping fix some of the housing problem... And then make laws to make sure they don't leave it again. I know they're already starting to re-enter the market in Dublin, where I'm currently in contact with people about housing as I'm looking at moving for school, and I don't think the populace would easily give those back up to let tourists come run them out of their town and Jack up prices again.

cactus2093 7y ago
> I don't think the populace would easily give those back up to let tourists come run them out of their town and Jack up prices again. This assumes people value having greater supply of housing, and low housing costs. If this were true, wouldn't they just support building more housing generally? Yet almost every city tends to oppose building lots of new housing. It seems like it could easily go in exactly the opposite direction. People seeing how hard the local economy has been hit, and wanting the tourism to pick back up at any cost. Homeowners see their property values have fallen, and want to reduce the housing supply to make them go back up. Of course, many people don't even believe in basic supply and demand at all when it comes to housing, so even this level of analysis may be applying too much logic to how the average person will react.
- toofy 7y ago
  > This assumes people value having a greater supply of housing... If this were true, wouldn't they just support building more housing generally? I’m not sure most people (or most cities) are saying they want a greater supply of housing. I suspect most people want to keep the character of a city and keep prices reasonable by mitigating against vampiric tendencies of some landowners/horders.
  - dorchadas 7y ago
    Yeah. From my experience, they're saying the want the housing in their city to go to them, not to tourists who are going to go and leave it in a few days.

cactus2093 7y ago

> I don't think the populace would easily give those back up to let tourists come run them out of their town and Jack up prices again. This assumes people value having greater supply of housing, and low housing costs. If this were true, wouldn't they just support building more housing generally? Yet almost every city tends to oppose building lots of new housing. It seems like it could easily go in exactly the opposite direction. People seeing how hard the local economy has been hit, and wanting the tourism to pick back up at any cost. Homeowners see their property values have fallen, and want to reduce the housing supply to make them go back up. Of course, many people don't even believe in basic supply and demand at all when it comes to housing, so even this level of analysis may be applying too much logic to how the average person will react.

toofy 7y ago
> This assumes people value having a greater supply of housing... If this were true, wouldn't they just support building more housing generally? I’m not sure most people (or most cities) are saying they want a greater supply of housing. I suspect most people want to keep the character of a city and keep prices reasonable by mitigating against vampiric tendencies of some landowners/horders.
- dorchadas 7y ago
  Yeah. From my experience, they're saying the want the housing in their city to go to them, not to tourists who are going to go and leave it in a few days.