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Well, arguably it’s a win except for local populations in some areas where enough housing is converted to vacation housing that they complain and don’t like it

Well, arguably it’s a win except for local populations in some areas where enough housing is converted to vacation housing that they complain and don’t like it for various reasons. There is a balance to be struck. I’m sympathetic to that complaint a bit but it’s also a bit like NIMBY. Generally I think the cheapness of travel has been an unsung net negative for humanity as a whole.

ausbah 1y ago
yeah seriously there isn’t enough housing in major cities so the little new construction that isn’t rentals has a good chance of turning into an “investment property” via someone buying the mortgage and immediately turning it into a rental unit or airbnb unit. I really think that cities should either outlaw these type of units or tax them heavily and divert all new funds into new housing construction, or just incentivize so much new housing it turns into a losing investment source: i live in seattle and my partner owns property where 1/4 of their neighbors are landlords in a new construction complex
- mancerayder 1y ago
  NYC has outlawed them more than 30 days (unless it's just a room and you're in the unit). NY state has legally created a registry and now smaller towns are requiring permits. But Seattle and NYC Airbnbs aren't second homes, it's investments people were trying to play with. A vacation home is more a seasonal spot near a beach or a lake or mountain. That sort of stuff doesn't steal some middle class family's chances of renting something cheaper by pulling a unit off the rental market.
  - ericmay 1y ago
    Pied-à-terre is a thing in places like NYC, London, etc. Certainly you are right that there are differences and different cities have different features which attract different folks with different ideas. But I think vacation home can include not just a season spot near a beach or lake or mountain - people buy vacation homes in Mallorca, or Venice, or Provence, or wherever too. I am not really opposed to them or anything like that, I just wanted to point out there are some harmful effects for some places. The travel industry and the ease of travel is probably more of a concern, because instead of having a family buy a vacation property on a beach somewhere, you've got an entire industry turning that vacation spot into a zoo and for the number of people that do live in that vacation area it hollows it out a bit of any sort of meaning. The whole thing becomes a simulation of a vacation spot.
  - apwell23 1y ago
    > NYC has outlawed them more than 30 days did it help the problems that are being mentioned here.
potato3732842 1y ago
The local municipalities should pull their heads out of their butts and allow supply to meet demand then. There's no reason Martha's Vineyard can't have a bajillion condos on it like it's Maimi except that the people who live and vote there would rather it be expensive than available.
- ericmay 1y ago
  I don’t think that’s the answer either. Plus if you did that you’d defeat the purpose of Martha’s Vineyard anyway. If you want to live in a condo land like Miami then just move to Miami.

ausbah 1y ago

yeah seriously there isn’t enough housing in major cities so the little new construction that isn’t rentals has a good chance of turning into an “investment property” via someone buying the mortgage and immediately turning it into a rental unit or airbnb unit. I really think that cities should either outlaw these type of units or tax them heavily and divert all new funds into new housing construction, or just incentivize so much new housing it turns into a losing investment source: i live in seattle and my partner owns property where 1/4 of their neighbors are landlords in a new construction complex

mancerayder 1y ago
NYC has outlawed them more than 30 days (unless it's just a room and you're in the unit). NY state has legally created a registry and now smaller towns are requiring permits. But Seattle and NYC Airbnbs aren't second homes, it's investments people were trying to play with. A vacation home is more a seasonal spot near a beach or a lake or mountain. That sort of stuff doesn't steal some middle class family's chances of renting something cheaper by pulling a unit off the rental market.
- ericmay 1y ago
  Pied-à-terre is a thing in places like NYC, London, etc. Certainly you are right that there are differences and different cities have different features which attract different folks with different ideas. But I think vacation home can include not just a season spot near a beach or lake or mountain - people buy vacation homes in Mallorca, or Venice, or Provence, or wherever too. I am not really opposed to them or anything like that, I just wanted to point out there are some harmful effects for some places. The travel industry and the ease of travel is probably more of a concern, because instead of having a family buy a vacation property on a beach somewhere, you've got an entire industry turning that vacation spot into a zoo and for the number of people that do live in that vacation area it hollows it out a bit of any sort of meaning. The whole thing becomes a simulation of a vacation spot.
- apwell23 1y ago
  > NYC has outlawed them more than 30 days did it help the problems that are being mentioned here.

potato3732842 1y ago

The local municipalities should pull their heads out of their butts and allow supply to meet demand then. There's no reason Martha's Vineyard can't have a bajillion condos on it like it's Maimi except that the people who live and vote there would rather it be expensive than available.

ericmay 1y ago
I don’t think that’s the answer either. Plus if you did that you’d defeat the purpose of Martha’s Vineyard anyway. If you want to live in a condo land like Miami then just move to Miami.