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Except there don’t appear to be anywhere near enough airbnbs to put a dent in the rent increase. I’m not saying it won’t do anything; I’m just saying it won’t d
by Gimpei 2y ago
Except there don’t appear to be anywhere near enough airbnbs to put a dent in the rent increase. I’m not saying it won’t do anything; I’m just saying it won’t do much. If you want to lower rents, you’re going to need to find a place to build, and if you can’t find any place, then prices will continue to go up and who will you find to scape goat then?
- toomuchtodo 2y agoIt doesn’t have to do much, it just has to show some net benefit considering the cost to ban is low. Locals receive the consumer excess through reduced housing costs that would’ve otherwise been real estate investor and AirBnB short term rental profits.