3 ms·
Hotels should be zoned for commercial activity. He's right about the AirBNB business model increasing homelessness.
by ashwagary 4y ago
Hotels should be zoned for commercial activity. He's right about the AirBNB business model increasing homelessness.
- taylodl 4y agoWhat has increased homelessness is communities restricting new building. The homeless have no means for buying the typical AirBNB property.
- wwweston 4y agoNot adding supply and taking existing supply off the market both contribute to supply issues. And I'm not sure that AirBnB avoids any particular segment of the market; it can as easily cannibalize 1bd condos as it can 4bd homes.
- ashwagary 4y ago>The homeless have no means for buying the typical AirBNB property. This is partially due to people buying up available housing stock to AirBNB resulting in a skewing of prices. Many houses that would be back on the market now sit empty with no tenants for significant portions of every month thanks to that business model.