this post was submitted on 12 May 2024
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[–] [email protected] 1 points 6 months ago (1 children)

Exactly, banning or severely limiting short-term rental housing ie VRBO and foreign land/property purchases Id wager would make a huge impact on righting the boat.

[–] iopq 0 points 6 months ago (1 children)

Not really, then local landlords just make more profit because the demand is the same

[–] [email protected] 1 points 6 months ago (1 children)

Without the supply of homes going into shortterm rentals like VRBO it would increase supply for people who actually live in that city, travelers can use hotels. Not a full stop fix, but it would increase supply/lower rent.

[–] iopq 0 points 6 months ago (1 children)

That would increase hotel prices, making hotel owners purchase more land and build hotels until the equilibrium price is reached

It's a short term fix that eventually loses to market forces

[–] [email protected] 1 points 6 months ago (1 children)

Even if it ends in more hotels, hotels fit more people and supply more jobs than the equivalent space in houses. For temporary lodging houses don't make sense.

[–] iopq 1 points 6 months ago

We should build large apartment buildings, actually. And I don't mind temporary housing in an apartment building, I lived in one for a month.