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You affording vacations is less important to cities and to society at large than locals bring able to afford properties without bidding against parasitic landlo

You affording vacations is less important to cities and to society at large than locals bring able to afford properties without bidding against parasitic landlords.

krageon 4y ago
> locals bring able to afford properties without bidding against parasitic landlords. The problem here is the landlords, not airbnb. Even if that didn't exist, you'd still have parasitic landlords and they'd still try to take renters for everything they're worth.
- ETH_start 4y ago
  Landlords maximizing what they can charge is normal behavior in an economy, and when concurrent with a free market, leads to a maximum amount of housing supply being created due to people chasing profits by building homes. Perhaps counter-intuitively, the markets where normal profit-seeking behavior in the landlord business is prohibited, via rent control, see housing become comparatively extremely unaffordable and/or hard-to-acquire. See San Francisco: https://www.econlib.org/library/Enc/RentControl.html https://www.econlib.org/library/Enc/RentControl.html
- Arainach 4y ago
  The problem is AirBnB. Landlords are regulated with zoning and other practices; people buying up individual apartments and turning areas intended for long term rentals into hotels are the problem, and this is entirely the result of AirBnB et. al.
kelnos 4y ago
If there's enough demand that all of this is causing housing affordability issues, then the right answer is always to build more housing. I am certain that banning short-term rentals will not solve housing affordability. And no, "but it will help a little" is not a valid counter-argument.
ETH_start 4y ago
Do we know that for certain? Travel gives people crucial exposure to other parts of the country and world. Moreover, getting a job in a city often requires being able to get temporary lodging in that city due to the discrimination non-locals face when applying for jobs. With tenant protection laws and rent control, the available stock of rentals can be extremely small, making it harder for people with poorer references to find shorter-term leases. Short-term rentals provide a means for these individuals to acquire the temporary housing they need to pursue job opportunities in other cities. Given most of the productivity growth is, due agglomeration effects, accruing to just a couple megapolises: New York and the San Francisco Bay Area[1], short term rental stock can be a means of expanding opportunities for people not privileged enough to not already live in these cities. [1] https://www.aeaweb.org/articles?id=10.1257/mac.20170388 https://www.aeaweb.org/articles?id=10.1257/mac.20170388
readthenotes1 4y ago
If your comment made any sense you would also want to be outlawing hotels. The room sizes are equivalent - - in fact, several of the airbnbs I have stayed in are in hotels. Is the probably really parasitic landlords or parasitic governance?

You affording vacations is less important to cities and to society at large than locals bring able to afford properties without bidding against parasitic landlords.

krageon 4y ago

> locals bring able to afford properties without bidding against parasitic landlords. The problem here is the landlords, not airbnb. Even if that didn't exist, you'd still have parasitic landlords and they'd still try to take renters for everything they're worth.

ETH_start 4y ago
Landlords maximizing what they can charge is normal behavior in an economy, and when concurrent with a free market, leads to a maximum amount of housing supply being created due to people chasing profits by building homes. Perhaps counter-intuitively, the markets where normal profit-seeking behavior in the landlord business is prohibited, via rent control, see housing become comparatively extremely unaffordable and/or hard-to-acquire. See San Francisco: https://www.econlib.org/library/Enc/RentControl.html https://www.econlib.org/library/Enc/RentControl.html
Arainach 4y ago
The problem is AirBnB. Landlords are regulated with zoning and other practices; people buying up individual apartments and turning areas intended for long term rentals into hotels are the problem, and this is entirely the result of AirBnB et. al.

kelnos 4y ago

If there's enough demand that all of this is causing housing affordability issues, then the right answer is always to build more housing. I am certain that banning short-term rentals will not solve housing affordability. And no, "but it will help a little" is not a valid counter-argument.

ETH_start 4y ago

Do we know that for certain? Travel gives people crucial exposure to other parts of the country and world. Moreover, getting a job in a city often requires being able to get temporary lodging in that city due to the discrimination non-locals face when applying for jobs. With tenant protection laws and rent control, the available stock of rentals can be extremely small, making it harder for people with poorer references to find shorter-term leases. Short-term rentals provide a means for these individuals to acquire the temporary housing they need to pursue job opportunities in other cities. Given most of the productivity growth is, due agglomeration effects, accruing to just a couple megapolises: New York and the San Francisco Bay Area[1], short term rental stock can be a means of expanding opportunities for people not privileged enough to not already live in these cities. [1] https://www.aeaweb.org/articles?id=10.1257/mac.20170388 https://www.aeaweb.org/articles?id=10.1257/mac.20170388

readthenotes1 4y ago

If your comment made any sense you would also want to be outlawing hotels. The room sizes are equivalent - - in fact, several of the airbnbs I have stayed in are in hotels. Is the probably really parasitic landlords or parasitic governance?