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> 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,
by 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 agoLandlords 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 agoThe 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.