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