zlacker

>>halduj+(OP)
It's almost like cities (or more specifically, voters in municipal elections) don't realize that the only sustainable way to reduce prices is by increasing supply: http://www.amazon.com/TheRent-Too-Damn-High-Matters-ebook/dp.... We know what to do, we have the technology, and we only lack the political will to make it happen.

>>jselig+ec
Removing residential units from the long-term lease market and turning them into overnight units does not increase supply, it actually reduces the number of units available for lease.

This raises the equilibrium for lease units: less units available, higher prices. Not to mention the fact that leasers are now competing against people paying higher nightly rates.