3 ms·
Tourism is a double-edge sword. It prices out locals. Combined with unregulated STVR and some places become hollowed out shells, much like Venice.
by paulryanrogers 3y ago
Tourism is a double-edge sword. It prices out locals. Combined with unregulated STVR and some places become hollowed out shells, much like Venice.
- crazygringo 3y agoNo it doesn't in most of the places we're talking about, that's the whole point. Most places aren't Venice, built on islands with nowhere to expand, and wanting to preserve their ancient architecture. And NYC, where AirBNB is about to be massively reduced, doesn't have any risk of being hollowed out into a shell. Most places should just build more housing. Then locals aren't priced out at all. That's just supply and demand, basic economics.