They banned airbnb in victoria bc last year and rent here has actually went down. From this one single change.
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Reducing rent prices was the plan and to be honest, the obvious outcome when demand goes down.
You can also buy one of these tiny former airbnb studio condos for like 20k cad down if you are desperate. Good way to enter the market if that's all you can come up with. They are all sitting on the market and you can lowball.
I live in a small CA mountain town that was "the only town open" during COVID, and as such, Airbnb went apeshit. Well the market got oversaturated and now with people trying to offload these properties or rent them out to long term residents , and shocker, rents are coming down (along with home prices). We still have yoyos trying to get $4k/mo for a 2/1 piece of shit because I'm guessing they're upside down on their mortgage, but those properties have been sitting on the market for at least 6mos. I have zero empathy for the people that bought high and losing their asses because they wanted to make it rich at the expense of our local population.
But the land lords told us Airbnb doesn't effect rental prices and actually let's people afford homes!
What happened is the province made short-term rentals only legal for primary residences and secondary suites.
That sure helped some, but you can still find airbnb/vrbo listings in Victoria.
From what I heard from my brother, he lives in Barcelona, they are banning bnbs and short term rentals. In order to combat this problem.
For more details: https://www.euronews.com/travel/2024/07/22/the-end-of-airbnb-in-barcelona-what-does-the-tourism-industry-have-to-say
I live here (!barcelona@piefed.social), the mayor who announced the decision made it so that it would applied after the end of his tenure (that will end in 2027, the decision is supposed to happen in 2028)
The other issue is that even besides tourism, Barcelona is a very attractive city for Spanish people due to the work opportunities, and there is definitely a lack of supply for the housing market. Getting back the Airbnb would help with the mass tourism (which is an issue of its own), but the housing crisis might still be there for a while.
So it is the same as in the rest of Europe with a helping of mass tourism so similar to Amsterdam and Paris.
It's a bit different, Amsterdam and Paris are touristic destinations, but not to the same level as Barcelona.
By absolute numbers, Paris has obviously more visitors (22 millions vs 13 for Barcelona and 10 for Amsterdam), but Paris is much more populated than Barcelona.
Also, the type of tourism is quite different. Amsterdam and Paris are more expensive, while Barcelona is still seen as a cheaper destination, which brings a different type of crowd. On the same topic, the average level of income of the people living in Barcelona is quite lower than people living in Paris or Amsterdam, making it even more difficult for people living in Barcelona to compete against either tourists or "digital nomads" coming here to work without paying taxes locally.
Sources
An important population we need to increase is ethical landlords.
And by ethical, I mean former.
Air bnbs are a cancer. You should be ashamed of yourself if your buying property then renting it out. With what they charge they are able to pay tge mortgage in 3 nights
Airbnb used to be great.. I could rent out a spare room and make a bit of cash. Then the developers, and the people who weren't responsible enough to be landlords had to make houses that were all AirBnb.
Why don't these places vet Airbnbs instead of straight banning it. Owner occupied dwellings should get a pass.
I remember when it was about renting your place for a few days when you were traveling
I think it can be generally said that the US and their success stories are a force for the bad in the world.
All the high profile multi-billion dollar tech companies to arise in the last 15-20 years have been some form or other of using technology to skirt existing regulations and to move the risk and expense onto others.
PayPal, Uber, Airbnb, DoorDash, you name it, their "innovations" weren't any kind of innovation in technology, they were innovations in creative ways to make something 5% more convenient at the expense of making it 500% worse all round for everyone.
Spain is cracking down on this according to a local when I was there recently.
I know at least one city in France taking measures to severely limit Airbnb, because it's becoming a ghost town and people who actually work there can't find anywhere to live. The housing situation in the area is terrible.
Good for them. I already can't stand "professional" landlords that get into the business of shitting over places people need to live to maximise profit. Those who are taking over those spaces to turn them into fake hotels without the constraints are the lowest of that scum.
Weird way of asking for 5 stars, but ok. ^/s^
Build. More. Homes.
We used to have enough, and then in the late 70s, early 80s they decided that if they didn't build enough, then they could make housing scarce and therefore more valuable. A big long-con, 40 years in the making.
Housebuilders would make more profit per home. Homeowners would have more wealth (even if they can't access it). Inheritance taxes could take more of a bite. Landlords could charge more. Retirements could be funded entirely by buying 2-3 houses and renting them out, and then cash in later on the full value of those homes when they'd gone up by double the interest rates.
They don't have to be amazing homes. They don't need an acre of land to sit on. They don't need three bedrooms. Kitchen, bedroom, bathroom, living room. Affordable on a quarter of a single person's minimum wage income.
We already have enough homes, it's just that too many of them are owned by Black Rock and similar companies.