Re:The Rise of the Professional Airbnb Investor
by jon-wood on Sunday February 19, 2017 @08:40AM
(#13679615)
Its sensible to limit that use because otherwise you'll end up with entire cities in which no one can afford to live, which you need both to provide services to the tourists and to provide tax income to keep the city running.
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Re:The Rise of the Professional Airbnb Investor
by yummyfajitas on Sunday February 19, 2017 @08:46AM
(#13679641)
Well no, you'll have cities with higher prices in the touristic core, and it'll just be people with lower incomes who get pushed out. That will also help with your second problem.
You can pay for services by charging property taxes. since the value of land will go up (thanks to it being used for it's most productive use) and lower income people getting pushed out (such people are more likely to be a net drain on resources), you'll actually have more money to pay for services.