No, I don't care about hotels or hotel prices. People need places to live. You can deal with Hotel prices a bit high. There are millions of people in rich countries right now having hard time paying rent or finding any.
Zoning laws are a way bigger restriction on housing than anything else, Airbnb is a symptom and arguably a scapegoat compared to the dampening of the demand of building new housing supply.
Maybe in America. Outside the US, that's really not the problem. It's people buying up loads of houses and apartments in town centers and pushing everyone else out. Then landlords realize they can jack up rent because they can make more money in one weekend with some foreign tourists through Airbnb than they would from a local living there.
You can build new houses. But if locals are pushed miles away from town, the town dies. A new town is formed. And if that new town gets the slightest bit of popularity on social media, Airbnb swoops in to suck the blood out of it.
It's absolutely killing communities with incomes below the US average.
I think the issue is locals who are already property owners and long time local tax payers will have a greater say than newcomers on new developments in that area.
There’s many places with a lot of Airbnb’s per resident, just look outside of major cities where people still want to visit.
Things have mostly settled down, but suddenly taking a lot of housing off the market meant real supply shocks even if there was plenty of land available for development.
Your entire comment is just made up with no evidence.
As a simple example, in Austin TX, Inside AirBnB tracks over 15000 short term rentals, which would be closer to 5% of housing stock.
And the "only a small percentage of housing is AirBNBs" is a poor argument anyway, because home prices are set at the margins, and a relatively small reduction in housing supply in a constrained market can have a significant effect on price. Plus, for people that rent out a room, in can essentially have the effect of increasing the amount they are willing to pay ("I could normally not afford this apartment, but I could if I rent out a room on AirBnB"), which also increases prices.
More importantly, though, people have actually done studies on the effect of AirBnBs on prices, and found they have a positive (i.e. housing gets more expensive) effect on rents and home prices. One example: https://marketing.wharton.upenn.edu/wp-content/uploads/2019/...
> Your entire comment is just made up with no evidence.
Quite the opposite. See for Montreal a recent article https://www.cbc.ca/amp/1.7445844
Officials estimate 4k airbnbs which gives 0.2% of all residential dwellings.
Who cares about residential dwelling as a whole. Most of it is occupied by owners, we are talking about rentals and 4000+ taken by short term rentals is insanely high and sets the prices for what's left too.
I don't think this is true. The proportion of short term rental places in some districts in European cities are as high as 8-10% and it's growing.
IMO it's meaningless to cite this 0.1% non-sense, because nobody will rent an AirBnB on the outskirts of huge cities far from tourist hotspots, so whoever comes up with these numbers, they probably try smearing the data by selecting an unreasonably wide area for comparison
