3 ms·
You see a lot of millenials in particular complain about how they're basically screwed, financially. Houses are unaffordable, they have a mountain of debt, etc.
by cletus 5y ago
You see a lot of millenials in particular complain about how they're basically screwed, financially. Houses are unaffordable, they have a mountain of debt, etc. Probably the only reason you don't hear this so much from Gen-Z yet is they're either too young or just in shock and denial about their position.
I'm truly sympathetic. I compare how I could live post-university and it's just not achievable now.
Here's the rub: if you support the view that housing is too expensive and people can't find places to live then you should be absolutely against AirBnB. At least, AirBnB of whole units. I'm completely fine with someone renting out rooms in their house or an additional unit on their property.
It is undeniable that AirBnB makes houses more expensive and reduces supply to buyers and renters.
Cities should be first and foremost for the people who live in them. AirBnB facilitates running illegal hotels. I'm also against people using residential property to park their money. We given real estate exemptions from reporting requirements that no other asset class has.
Landlords need to exist otherwise who will provide rental stock. Those landlords should be residents of those cities and not some faceless hedge fund.