We disagree on the definition of dweller, cities require more than just vacation seekers to function. And the longer term renters aren't taking up those dwelling since it's more profitable for owners to rent out short term, but the reason that anyone wants to rent short term is because it's an interesting place to be, which it won't be if it's all people on vacation.I'll call this the Ibiza Quandary.
conanbatt|8 years ago
If the rate of visitors reaches a rate where where the occupancy rate of airbnbs is makes them less interesting than long term units, congratulations, you have found market equilibrium.
borne0|8 years ago
sincerely|8 years ago