Re:Is the Airbnb Dream Dead?
by bell-cot on Thursday August 10, 2023 @01:49PM
(#37079375)
The UK housing market is at least as f'ed up as the US market, in terms of actual construction of housing (no matter how badly needed) being mostly forbidden.
[ Parent
| on HN ]
Re:Is the Airbnb Dream Dead?
by PaulDavisThe1st on Thursday August 10, 2023 @01:57PM
(#37079502)
As far as I understand it, the UK housing market suffers from an additional problem that is rare to non-existent in the US: builders who get planning permission for new housing but then sit on the land because they know with almost 100% certainty that built or not, it will be worth more in the future.
There are places in the USA where a builder could take this bet, but it would be much, much riskier.
The discussion I hear in the US side is that housing is a recent problem - like 5-10 years.
The U.K. has had a housing shortage for decades, and solving it becomes harder each year as the backlog increases.