Earlier quoted context omitted.
This sounds like those cities do not have an educated/skilled workforce. Sure there are spots near the Roman forum you would expect to have lots of tourists(basically inside the Aurellian walls). But outside of that its a 20+ minute drive for a tourist to popular areas. If a 50$ airbnb is beating out a $1,000/mo rent its because people cannot afford $1000 in rent. We host an airbnb ourselves, lots of business travele…
I live in Barcelona where there is a big issue due to Airbnb. I moved here from the UK and I work in Data Science so I'm not like a janitor or something. The problem is that Airbnb will charge maybe 80-120 euros a night for an apartment depending on size, location etc. And I am paying 750 euros a month. So a landlord can make more money from a week of Airbnb than a month of normal rental. In the three years I have be…
Well, except you also have 15% more money after paying rent as well. If you save the same percentage of your overall income then your absolute savings went up 15%. And if you assume that all your other costs are not rising as quickly (maybe fair, maybe not) then you could save a higher percentage of your income because your salary grew faster than your costs as a whole.
It's the same argument why living in SF or NYC is worth it even with the high cost of housing.