Quote:
Originally Posted by calgaryblood
They should habe restrictions on hotels not private properties.
If there is a housing crunch don't see how that's the home owners problem.
|
This is about as ignorant as you can get on the topic. Picture a city that has rising housing costs. As the cost of home ownership rises, it means more people will have to rent, as they can't afford to buy. I can go into the economics of why this is in another post if you want. So as the amount of rental demand increases, the rental supply decreases and charges more. Now add in short term rentals, like Air BNB. This further decreases the rental supply, and further pushes the price of rent up for the renters.
By restricting short term rentals, you are making more places available for local residents who need them. It also makes them more affordable. People are then not forced to make a choice between living near work and schools, and living an hour away, or moving to a new city. By restricting short term rentals you are lessening the housing crisis by helping locals find a place to live. Short term rentals are usually rented to people from out of town. By restricting them you are helping out the local tax payers, instead of travelers. If you are a homeowner, and are taking long term rentals out of the market for short term rentals, you are contributing to the housing shortage, and are profiting off of it.