this post was submitted on 11 Nov 2024
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Like an old game with very few assets (lemmy.world)
submitted 2 months ago by The_Picard_Maneuver to c/[email protected]
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[–] bizzle 15 points 2 months ago (2 children)

Short term rentals fucked up the housing market.

[–] [email protected] 4 points 2 months ago* (last edited 2 months ago)

Short term rentals definitely made things worse, but the housing market was fucked up before short-term rentals became commonplace. They just poured more fuel on the fire. The main problem with the housing market is that homes are used as financial vehicles for investment and speculation.

[–] [email protected] 1 points 2 months ago

Then regulate them, but I think this is pretty overstated tbh. There are no short term rentals near me, because it isn't a tourist district, and the housing market is still ridiculous. Likewise, property values in tourist areas have always been absurd.

In reality, there is definitely some overlap, and short term rentals definitely impact the housing market in some places, but it is far from a primary cause of broader housing scarcity.