Quote:
Originally Posted by opendoor
Particularly in comparison to potentially bringing supply into the market by restricting residential units being used for short-term rentals or speculation.
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Short-term rentals are also necessary both for residents in transitions and for bringing in tourist dollars (which both helps the economy and adds vibrancy through supporting commerce). Cutting that sector to prop up long-term rental is not necessarily a bad trade off, but it's certainly a costly measure, compared to getting rid of NIMBY zoning rules.
Of course the other side of the affordability coin bears looking at as well. Increasing income inequality thanks to the wealthy capturing the benefits of most of the productivity growth in the economy certainly isn't helping the middle class afford homes.