News for hackers. Stuff that matters.

A comment on Rocket Mortgage to trim 8% of workforce as home-loan market shrinks. Parent comment

Re:Rocket Mortgage to trim 8% of workforce as home-loan mark... by itsmejerry on Thursday April 28, 2022 @01:36PM (#31195529)
Other than perhaps zoning restrictions, how does this differ from traditional hotels/motels in extreme tourist areas, like Niagara Falls. If people don't want to live permanently in a city for whatever reason, of course the city will suffer.
[ Parent | on HN ]
Re:Rocket Mortgage to trim 8% of workforce as home-loan mark... by jimbob45 on Thursday April 28, 2022 @01:47PM (#31195699)
Hotels/motels are dense enough that they don't take usable land away from residential housing while still allowing for short-term residents to enjoy the city.

However, AirBNBs and rental houses suck away the usable land such that you begin to meaningfully remove potential long-term residents from the city. The flipside of this, of course, would be apartments/duplexes, which would add more long-term residents than single-family zoning would allow, even with the problem of AirBNB proliferation.

[ Parent | on HN ]