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Re:Airbnb dominated by professional landlords by jonny_eh on Sunday August 06, 2017 @11:47AM (#14941754)
> Rents are rising at a rate of nearly 10 percent a year, even though the city has a rent cap.

Maybe that rent cap is why landlords prefer Airbnb. Rent caps are never a good idea, they have so many unforseen consequences.

Re:Airbnb dominated by professional landlords by rbehrends on Sunday August 06, 2017 @12:01PM (#14941810)
There is no rent cap in Germany. The article is wrong.

Germany has only "soft" rent controls that limit YOY increases in rent and (selectively) increases in rents when changing tenants.

German economic orthodoxy relies very much on the need to build housing in order to deal with housing shortages and with rising rents due to housing shortages. The "soft" rent controls simply buy time to get housing projects underway. Without new housing being built, rents would still reach market levels, it would just take a bit longer.

Berlin's current problem is excessive urbanization driven by migration (1) from the neighbouring comparatively poor East German states and (2) of foreigners who speak only English and hence prefer a city that has already evolved to accommodate English speakers. Various and sundry NIMBY problems where locals oppose new housing projects also don't help.

Re:Airbnb dominated by professional landlords by mschuster91 on Sunday August 06, 2017 @12:20PM (#14941907)
> Berlin's currently problem is excessive urbanization driven by migration (1) from the neighbouring comparatively poor East German states and (2) of foreigners who speak only English and hence prefer a city that has already evolved to accommodate English speakers.

No. Berlin problems mostly stem from the city government colluding with investor scum to build luxury apartments instead of actually affordable ones plus doing their very best to e.g. kick squats out (which help keeping down rents for all neighbors). Berlin government could easily break the necks of the investors and protect the population instead, but especially the SPD has chosen not to do so - and sell off priorly city-owned prime real estate to investors.

The investors now do "Luxussanierungen" (basically, thermoclad the houses and fix the more egregious stuff like bad wiring / plumbing that the city government had neglected over decades) and price out all the lower-and-middle-income people.

Re:Airbnb dominated by professional landlords by closeparen on Sunday August 06, 2017 @02:47PM (#14942755)
Are they luxury apartments because they're palatial or inherently high-cost, or because they're centrally located?

It's unlikely that there's any such thing as an actually affordable apartment in a major world city, unless we've moved the method of allocation to something like lottery or waiting list, in which case it's only affordable to a lucky few.

I would encourage anyone who thinks that luxury apartments are for the rich while single family houses are normal to consider the relative luxury of life in the actual structures (not location). You'll find that, as structures, luxury apartments are much less luxurious than lower-density uses of the same land.

Re:Airbnb dominated by professional landlords by jackcosgrove on Sunday August 06, 2017 @01:30PM (#14942308)
Governments mainly value people as taxpayers, because taxpayers pay into the public coffers, which can then be emptied to ameliorate social disputes and ease reelection. If you don't pay taxes and do consume services at the same time, as a squatter does, you're making your leaders' lives harder and they will find a way to get rid of you.
Re:Airbnb dominated by professional landlords by mschuster91 on Sunday August 06, 2017 @02:14PM (#14942542)
A squatter pays his/her share of taxes: VAT on everything he/she buys, income tax on any kind of employment or other income sources.

The only tax that a squatter does not pay in contrast to an owner or renter (indirect there) is "ground tax", which is a negligible amount anyway.

Re:Airbnb dominated by professional landlords by jackcosgrove on Sunday August 06, 2017 @02:26PM (#14942636)
There is also the opportunity cost of the owner not living in the domicile and not paying those same taxes, at probably higher amounts than the squatter. The owner is probably wealthier than the squatter and thus will pay more taxes.
Re:Airbnb dominated by professional landlords by mschuster91 on Sunday August 06, 2017 @02:41PM (#14942713)
Squats usually end up in houses where no one cared in any way for years and some times, like the recent short-term squat in Munich, for decades.

And the only interest which the "owners", mostly in form of offshore companies, have is to make huge amounts of money at the cost of the city, so I don't have a single tear left for them.

Re:Airbnb dominated by professional landlords by tootie on Sunday August 06, 2017 @12:13PM (#14941870)
NYC does the same rent caps disappeared in the 70s. They YOY percentage increase limits. One limit for lease renewals, higher one for new leases.
Re:Airbnb dominated by professional landlords by delphinius81 on Sunday August 06, 2017 @12:19PM (#14941898)
DC has the same rent control structure.
Re:Airbnb dominated by professional landlords by coldtea on Sunday August 06, 2017 @12:02PM (#14941820)
>Rent caps are never a good idea, they have so many unforseen consequences.

Compared to uncapped rent that doesn't have any?

Re:Airbnb dominated by professional landlords by zyx321 on Sunday August 06, 2017 @12:49PM (#14942044)
Uncapped rent will lead to people getting priced out of their homes by the first person willing to outbid them. Nothing unforeseen about that.
Re:Airbnb dominated by professional landlords by wpietri on Sunday August 06, 2017 @05:33PM (#14943696)
There are others, though. For example, there are a couple of basic asymmetries that advantage landlords.

One is that they generally have multiple units, whereas renters generally have only one. So the end of a lease is a bigger deal to the renter than the landlord. Another is that the costs (in time and money) of a tenant move are much higher for the renter than the landlord.

This means that a greedy landlord can jack the rent well above market price because renters are eager to avoid the expense and disruption of moving.

Re:Airbnb dominated by professional landlords by chii on Monday August 07, 2017 @01:22AM (#14945485)
> jack the rent well above market price

if the renter is able to accept the "jacked up" price, then by definition that's the market price (for that property). The renter needs to move if they don't like the price. The landlord also don't like vacant properties, and is perhaps eager to not "jack up" the price if they find that the tenant moves as soon as they do!

Re:Airbnb dominated by professional landlords by wpietri on Monday August 07, 2017 @08:49PM (#14952564)
It is not the market price, because the only person who will pay it is the one who's eager to avoid moving. Everybody else will pay a lower price, because they have already committed to moving.
Re:Airbnb dominated by professional landlords by coldtea on Sunday August 06, 2017 @12:50PM (#14942056)
The second order effects to whats happens to those people, and to the neighborhoods where they lived is the unforeseen part.