It's not housing-as-a-good that's a problem it's the land. Land owners didnt create the land. Rights to land are always acquired, ultimately, through violence.

It's not housing-as-a-good that's a problem it's the land. Land owners didnt create the land. Rights to land are always acquired, ultimately, through violence. Land owners dont make it valuable - a good teacher drives up her own rent. Supply and demand work in reverse. The more land owners buy and hoard it the more valuable it becomes. Unlike, say, income taxes, which discourage work, taxing land just discourages hoarding and unproductive use. Higher taxes would thus relieve shortages on top of bolstering government budgets. Airbnb isnt a direct cause of those shortages, it just partook in the rent bonanza driven by the global property hoarding frenzy. Banning or strictly regulating it in tourist hotspots is probably a good idea but doesnt resolve the underlying problem.