Re:What Airbnb really does to a neighbourhood
by parthdesai on Thursday August 30, 2018 @02:16PM
(#17879215)
You do know that Airbnb exists outside of California as well right?
I live here in downtown TO, and while we have a shortage of condo's, our condo has quiet a lot of Airbnb units. 1) This reduces number of units available for rent in the market, thus driving the price of available units up. 2) Creates a fucking terrible living conditions for people who actually live in the building. There was a long weekend where Airbnb guests literally broke elevator button because they couldn't get to their floor without their fobs. They throw garbage in the lobby, are loud af till 3-4am.
I think you mean that "zoning is a zero-sum game." Since the 1970s, when zoning became more severe and restrictive, housing costs have increased substantially: https://jakeseliger.com/2015/12/27/why-did-cities-freeze-in-.... We know how to create a positive-sum game: https://www.bloomberg.com/view/articles/2018-03-14/californi..., but we've made doing so illegal.