It seems to me that this change will have unintended effects and will fail to produce the desired results.
AFAIK rent in NYC hasn’t gone down since they changed their short-term rental regulations.
I might be naive, but I’d assume that the solution is to build more housing to increase the supply instead of curbing the demand?
Genuinely curious about others’ takes on this.
https://worldpopulationreview.com/world-cities/barcelona-pop...
from >>40752920 ("Barcelona has a 16,000 people per square km density - that’s already one of the highest in Europe.")
Capital moves faster than meat space. To defend the human (affordable housing), you have to regulate. The whole "just build more, I want my AirBnB" argument boggles the mind considering the physical system constraints in play. Easier to just ban AirBnB.
Now, that's the way you do it.
You play the market with a BnB.
That ain't workin': that's the way you do it.
Money for nothin' and your rent for free.