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We could also...build more housing and eliminate most zoning restrictions. I also don't know what a "short term rental" is, that would devastate beach areas th

We could also...build more housing and eliminate most zoning restrictions. I also don't know what a "short term rental" is, that would devastate beach areas that rent out homes to tourists. I don't think that's a viable solution. Housing prices have not gone up in any major way in a few major industrialized countries, Japan, Korea, Germany. You know what they did? They built more housing. Building in San Francisco, New York, etc is near impossible, especially if you aren't connected. Communities often vote against new housing because a) they don't want certain people in their area and b) we've wrongly viewed housing as an investment vehicle and more housing hurts values.

Ekaros 4y ago
Unless those units are explicitly build for renting and zoned as such. Why should they be used by tourists and not locals?
- userabchn 4y ago
  Why should they have to be explicitly built and zoned for renting? Why shouldn't they be used by tourists? Just make it easy to build more so that there is enough for everyone.
- jaredklewis 4y ago
  Are there unlimited tourists? Sounds like a pretty sweet gig since tourism is like miracle grow for local economies. But alas no, there are not unlimited tourists, there is just limited housing supply. I get tired of bringing it up but I lived in a Tokyo apartment, 5 walk minutes from a train station, 10 min walk to a large park, nice schools, very quite area though just 5 minutes walk to lots of restaurants. 750 sq ft, 4th floor with elevator, 15 year old building (at the time). Rent was (at the exchange rates of the time) $860/month. Inflation adjusted that’s $1,075 which can’t gets you a spare bedroom in first tier American cities. At the time Tokyo had no restrictions on short term rentals nor on foreign investment or property investing or any kind. Tokyo’s big secret is that they let developers build apartment buildings.

Ekaros 4y ago

Unless those units are explicitly build for renting and zoned as such. Why should they be used by tourists and not locals?

userabchn 4y ago
Why should they have to be explicitly built and zoned for renting? Why shouldn't they be used by tourists? Just make it easy to build more so that there is enough for everyone.
jaredklewis 4y ago
Are there unlimited tourists? Sounds like a pretty sweet gig since tourism is like miracle grow for local economies. But alas no, there are not unlimited tourists, there is just limited housing supply. I get tired of bringing it up but I lived in a Tokyo apartment, 5 walk minutes from a train station, 10 min walk to a large park, nice schools, very quite area though just 5 minutes walk to lots of restaurants. 750 sq ft, 4th floor with elevator, 15 year old building (at the time). Rent was (at the exchange rates of the time) $860/month. Inflation adjusted that’s $1,075 which can’t gets you a spare bedroom in first tier American cities. At the time Tokyo had no restrictions on short term rentals nor on foreign investment or property investing or any kind. Tokyo’s big secret is that they let developers build apartment buildings.