Re:Airbnb’s ‘Guerrilla War’ Against Local Governments
by jseliger on Wednesday March 20, 2019 @05:32PM
(#19447177)
Increasing the number of housing units doesn't solve the problem though. What is to stop people with money from buying those up and then Airbnbing them out?
The principle of supply and demand, or basic economics. If demand for units is satisfied and an agent keeps buying and attempting to rent units, the price will collapse until the agent can no longer afford or buy them.
The principle of supply and demand, or basic economics. If demand for units is satisfied and an agent keeps buying and attempting to rent units, the price will collapse until the agent can no longer afford or buy them.
You may want to spend some time here: https://mru.org/courses/principles-economics-microeconomics