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I don't own a second home, for the record. I do think it would be difficult and have second order effects to ban AirBnB. But, what about a tax on vacancies, ra
by xrd 5y ago
I don't own a second home, for the record. I do think it would be difficult and have second order effects to ban AirBnB.
But, what about a tax on vacancies, rather than on revenue you get when renting it out? Incentivize people to keep their places filled?
I agree with the general sentiment that AirBnB has altered housing options for low income people for the worse. And, it seems inevitable.
Maybe we need to alter our perceptions of what housing is for people as well? Meaning, people need to start thinking of housing as temporary and governments can force people to open their vacancies to people in need of housing.
Perhaps a new law that makes it so empty vacant houses are available to house-less people? That would be interesting.
- cletus 5y agoThis is what Vancouver has tried [1]. It doesn't seem to have worked. The problem here is that it's too easy to game. You can put in a token resident. The same can apply to having income limits on houses. You have a low income resident who just happens to have rich friends who visit. I think we need to attack the idea that rich people use real estate to park money and avoid taxes. [1]: https://www.bloomberg.com/news/features/2021-08-16/taxing-the-rich-do-housing-prices-fall-when-empty-second-homes-are-taxed https://www.bloomberg.com/news/features/2021-08-16/taxing-th...
- xrd 5y agoIt seemed too easy. Thanks, good link.