3 ms·
I don’t get the impression that there are tons of residential housing units sitting empty in high demand areas (excluding seasonal vacation areas, trophy proper
by balderdash 3y ago
I don’t get the impression that there are tons of residential housing units sitting empty in high demand areas (excluding seasonal vacation areas, trophy properties of the rich, and stuff caught in rebt control purgatory)
- bsder 3y agoAirBnB "investment properties", for example, are still clogging up a lot of areas that have tourist flows. Some of the residential apartment units, for example, are playing pricing games with rental prices vs occupancy because they can blame it on "pricing software" right now. An occupancy tax would neutralize those.
- balderdash 3y agoEhh, take San Francisco there are like ~6,000 Airbnb listings (let’s assume they’re all dedicated spec properties) if you put those all on the market, that’d be like be like 1.5 months of inventory, you might make a dent that month, but you’re not moving the needle…