this post was submitted on 21 Jun 2024
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Good, let the people who live there live there.
Obviously it's the landlord who do it for profit. It's not like the tourist just came to the city and shove the residents out of their own home or something like that.
All this would do is shift the profits to hotel chains. The rent will never go down and the landlord will never sell.
Air BnB makes short term rentals profitable, a lot of people own property on debt and pay it with airbnb profits, if that dries up, they will sell. They'll have to. Hotels are one of the most significant sources of tax revenue in tourist locations, airbnb offer lower prices because they circumvent the tax system and don't pay a tax rate similar to hotels, the government wants the tourist at hotels. Period.
AirBNB pays taxes too. They don't circumvent the system in Barcelona, that was fixed a long time ago. Now they just displace locals because the nightly rate is higher than the monthly rate. Even if it's empty most of the time. Which is a real shame.