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borne0 | 8 years ago

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.

discuss

order

conanbatt|8 years ago

It's no quandary at all, the visitors and the landlords agree. Only a minority disagrees.

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

So people who simply want to live in a city near to where they work and their children go to school have to be subject to market corrections where a single massively financed pseudo-hotel can massively distort a major cost of living assignment? Ridiculous. This is where common-sense regulation is needed.

sincerely|8 years ago

are you suggesting that the number of tourists and landlords combined is more than the number of people that disagree with housing units existing as permanent airbnb listings?