• cordlesslamp@lemmy.today
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      4 months ago

      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.

      • uis@lemm.ee
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        4 months ago

        The rent will never go down and the landlord will never sell.

        1. Thanks for proving capitalism doesn’t work.
        2. Some countries have seizures if land isn’t used for its intended purpose. But quick search says Spain doesn’t have it.
      • roscoe@lemmy.dbzer0.com
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        4 months ago

        I guy I work with owned two condos in a development. The HOA passed a rule banning short term rentals. There were a lot of units being advertised on Airbnb and similar services so he put them on the market when he heard the rule was being proposed to beat the rush.

        He managed to sell one at market but the second one didn’t sell before all the other Airbnb landlords listed their places too. He had to take about 10% below market for the second one.

        Now those two places are owner occupied, and one of them got a nice deal (I don’t know about the ones sold by other people). And everything that sold in that area probably went for a little less for a while due to the glut on the market.

        Making renting less profitable works. People aren’t landlords because it’s fun. They do it for the money. Take away the money and you have less landlords.

      • Snowclone@lemmy.world
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        4 months ago

        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.

        • whoisearth@lemmy.ca
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          4 months ago

          People need to understand that when a tech company is “disrupting” it means they’re exploiting legal loopholes.

            • brbposting@sh.itjust.works
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              4 months ago

              lol! That’s great.

              Imagine if Uber had done it ethically. All the app, none of the shady. Would’ve been a WAY slower start but I want to believe the excellent technology would’ve been enough for them to win. No “broken” card readers, no scamming women in countries with foreign currency (former colleague’s anecdote), no having to lie to get the driver to let you in before telling them later your real destination, reduced racial discrimination…


              Also since Google thinks this is OK:

              http://m.youtube.com/shorts/RZJfBEvt51g?feature=share&embeds_referring_euri=https%3A%2F%2Fwww.google.com%2F&source_ve_path=[tracker?IDK]&feature
              

              reduced it to the usual (/ working Piped mirror)

        • Censored@lemmy.world
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          4 months ago

          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.

      • Tryptaminev@lemm.ee
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        4 months ago

        what makes you think there isnt airbnb operators who have a chain of flats they rent out?

      • sunzu@kbin.run
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        4 months ago

        Somebody getting high on their own farts.

        Bro as soon as these “owners” go cash flow negative, they will sell. That’s how’s parasites operate lol

        Also making money 101

        It seems like people can’t conceive idea of price going down lol

      • reverendz@lemmygrad.ml
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        4 months ago

        Back when there were “mom and pop” AirBnb, maybe this was a bad thing. Now, a huge number of rentals are owned by companies with big portfolios specializing in short term rentals.

        It’s become a really big problem in certain cities.

        I don’t see this as a bad thing.