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Probably the vast majority of local residents aren't landlords making money on tourist housing...
by mcntsh 2y ago
Probably the vast majority of local residents aren't landlords making money on tourist housing...
- octocop 2y agoWhich was my main point from the get go
- mcntsh 2y agoI don't really understand your point... that the problem is non-local people making money on housing? Even if it was only local people making money on housing this would be a net negative to local residents. Housing that exists is placed on the "global" market rather than the local one. Unavailable to anyone but tourists.
- chucksta 2y agoThey are saying foreigners consuming for private use/cleaning money and taking them off the market entirely is a separate and greater issue. Not for rental. https://www.nytimes.com/2017/07/21/upshot/when-the-empty-apartment-next-door-is-owned-by-an-oligarch.html https://www.nytimes.com/2017/07/21/upshot/when-the-empty-apa...