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I don't know how they can argue with a straight face that using short-term rent to pay mortgages and leases doesn't raise the prices of real estate. That extra

I don't know how they can argue with a straight face that using short-term rent to pay mortgages and leases doesn't raise the prices of real estate. That extra income is (obviously) going to get factored into real estate prices when someone makes an offer on a property. And the people who are using it now to supplement mortgages are going to use that income as a selling point when they try to sell their property - "gets $XXX/day on short-term rentals." EDIT: typos & minor wording

sliverstorm 13y ago
Right. In the very short term, they are helping people, but in the long term it's an economic arms-race. Put in very simple terms, if you make owning a house more affordable, houses will get more expensive to compensate.
judk 13y ago
Hacker News stories need an auto-bot-post explaining supply and demand and "seller's market" AMD "buyer's market".
- stefan_kendall 13y ago
  But my gut feeling tells me that supply and demand have nothing to do with price! It's all greedy landlords and tech elitists trying to evict me out of my home I can't afford.