5 ms·
From micro economic levels, it makes sense, short term rental in many cases are more lucrative, thus prevalence of AirBnB can push out long term residents. But
by analyst74 5y ago
From micro economic levels, it makes sense, short term rental in many cases are more lucrative, thus prevalence of AirBnB can push out long term residents.
But from a macro level, that would mean the city is getting more tourists, more business and job opportunities for its residents, ultimately leading to a more prosperous populace, right? Or are there other forces at play preventing locals from benefiting from more tourism?
- colechristensen 5y agoPeople earning money by collecting rent on real estate really aren’t contributing much of anything to anybody, more of a tax on the rest of us by directly taking our income or raising prices on the real estate which will do so otherwise.
- dionidium 5y agoI’ve rented many apartments and I perceive the transaction to have been mutually beneficial in every case.
- colechristensen 5y agoDid you believe it was a fair price? As though the amount of work you were doing and the quality of it matched the amount of "work" you were paying for?
- Spivak 5y agoNot the parent but yes? I mean I basically don't even bother with hotels anymore when I travel. My experience with Airbnb's and the like has been consistently better. You get a whole apartment or house, it's cheaper, the person renting actually gives a shit about the experience, you get appliances, a real kitchen, not shitty Wi-Fi, drinks and snacks that aren't $7 charged to the room. Like it's hard to argue it's not a fair price when it's better and cheaper than the alternatives.
- deleted 5y ago[deleted]
- dionidium 5y agoYes. I slept in those apartments every night. Drank water from the tap. Washed my clothes. They served precisely the needs I expected them to at exactly the price I negotiated with the landlord.
- wyre 5y agoTourism generally increases minimum wage jobs which aren’t able to pay for increasing rents in the places they live.