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Spain fines Airbnb €65M: Why the government is cracking down on illegal rentals

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Re: Spain fines Airbnb €65M: Why the government is cracking down on illegal rentals

#151

I was in Spain this past summer and it certainly seems they are experiencing tourist burnout. I saw anti tourist messages on banners hung on buildings, graffiti, posters and stickers in Madrid and Barcelona. Some of it was a bit threatening but I had zero issues. The issue of airbnb is a sticky one. On one hand, being able to temporarily live in an apartment greatly enhances the immersiveness when your travel - you g…

I’ve always thought a solution would be to allow Airbnb but cap the amount you can earn per property to the equivalent of an average annual rent. This wouldn’t outright ban short-term rentals, but it would reduce the largest financial incentive. I say this selfishly, as someone who wants to use the platform while still occupying my own place. Something that offering it as a full-time rental doesn’t allow.

The most obvious solution is never going to happen. Just have a tax and pay the natives for being a tourist attraction.

Re: Spain fines Airbnb €65M: Why the government is cracking down on illegal rentals

#152

Earlier quoted context omitted.

> On one hand, being able to temporarily live in an apartment greatly enhances the immersiveness when your travel - you get to feel like a local and experience life in another place. Yes, if your local life is being inconsiderate and having parties till 3 because you're on holidays. Having an airbnb in your building is terrible as you don't know the people and they don't care about getting to know you. > Hotels suck…

> The biggest problem here in Barcelona is that most airbnbs / short term rentals are companies buying housing as an investment and so are stealing the opportunity from actual people and families trying to live. This problem exists regardless of who does the buying. Where I live the locals got into the market first. Still, it's a zero-sum game, every short-term rental is a house a family cannot live in and probably c…

Banning corporate ownership of housing wouldn't solve all problems but it would be a good start. Locals in general are not able to buy up as much of the housing, but it would still be something to look at.

If I were a dictator I'd say taxes increase by 100% for every house after the first (or second), aiming for a nice balance between allowing people to have another home and limiting the crazyness of owning multiple homes.

Re: Spain fines Airbnb €65M: Why the government is cracking down on illegal rentals

#153

Earlier quoted context omitted.

You can definitely find household named economists that don't agree with Land Value Taxes. Hell there's a grassroots push in the US to eliminate property taxes.

I do like Georgism, but taxing wealth and not a transaction is just going to transfer wealth from poor to government. Similarly how capital gains tax has 0 effect on billionaires and just rip off investors (aka the poorest).

Taxing land is taxing unrealized gains, hence it would tax billionaires. In addition, land value tax rates don’t have to be flat, so the poor have no reason to pay them.

If anything, taxing transactions hits the poor, as they don’t have the ability to borrow against assets they don’t have, and all their work (which is a transaction) is taxed.

Re: Spain fines Airbnb €65M: Why the government is cracking down on illegal rentals

#154

I was in Spain this past summer and it certainly seems they are experiencing tourist burnout. I saw anti tourist messages on banners hung on buildings, graffiti, posters and stickers in Madrid and Barcelona. Some of it was a bit threatening but I had zero issues. The issue of airbnb is a sticky one. On one hand, being able to temporarily live in an apartment greatly enhances the immersiveness when your travel - you g…

Spains problem is that their economy is terrible. Tourism is almost 15% of barcelona's economy so the tourism sector has political power but all the people who dont benefit from it are pissed. They cant afford to piss off the tourists but tourism has a lot of negative externalities.

[deleted]

Re: Spain fines Airbnb €65M: Why the government is cracking down on illegal rentals

#155

Earlier quoted context omitted.

See my other comment. When 30% of the housing stock is short-term rentals that families cannot buy, it doesn't matter at all who owns them. Where I live, they are all owned by locals, but that doesn't remediate any of the issues short-term rentals cause.

Local, middle class owners can own how many empty flats? 1%? 10%? Of course I don't have a number, but I'd bet that if you remove the mega-owners, that 30% would drop significantly. Airbnb was not a bad idea, but it has been perverted. It's time to regulate it and probably break it too.

Ownership class is all conjecture, but it really doesn't matter because all owners behave the same way. It's not as if local owners rent less, or charge less, or leverage their property less.

Re: Spain fines Airbnb €65M: Why the government is cracking down on illegal rentals

#156

Earlier quoted context omitted.

> Similarly how capital gains tax has 0 effect on billionaires and just rip off investors (aka the poorest). Capital gains tax has zero effect on billionaires precisely because it is not levied on them in most cases. When one's total wealth hits high tens of millions suddenly they get access to instruments to use their wealth without triggering "taxable events". Probably the most well-known example are loans against…

Loans needs to be paid off tho...

And taxable events do happen they are just deferred.

Re: Spain fines Airbnb €65M: Why the government is cracking down on illegal rentals

#157

Earlier quoted context omitted.

Since Spain is in Schengen they won't be able to easily block tourists getting visas. Plus the visa waiver programs are usually reciprocal. Best way to reduce tourism is to levy taxes on tourist activities.

That's a good point. I believe Jordan charges foreigners a much higher rate for to see tourist attractions. But, visitors don't usually stay in Jordan for more than a couple of weeks. I think if a country let's someone in only for them to find out that they're not welcome there - they're probably not going back again. It's better to know that a place is very expensive to visit up front, or - like Bhutan - there are v…

Thailand too. Though you can't charge EU citizens more in Spain. It would be against EU law.

Re: Spain fines Airbnb €65M: Why the government is cracking down on illegal rentals

#158
... because the government is in the pocket of the big hotel chains, which are ruining the country.

Airbnb: World travelers who try to blend in. Hotel: Drunk Brits who puke all over the place.

We have 3 Airbnb flats in our house for 2 years now. Never had an issue with any of the renters; But, the lights in the stairwell are working now, the door locks work, electricity is stable, and I haven't seen a cockroach in a long time.

Meanwhile the guests from the hotel across the street keep us awake every freakin' night.

Bonus: Those 3 flats had been sitting empty for nearly 10 years, just like the other ~30 thousand flats sitting empty in the city.

Re: Spain fines Airbnb €65M: Why the government is cracking down on illegal rentals

#159

... because the government is in the pocket of the big hotel chains, which are ruining the country. Airbnb: World travelers who try to blend in. Hotel: Drunk Brits who puke all over the place. We have 3 Airbnb flats in our house for 2 years now. Never had an issue with any of the renters; But, the lights in the stairwell are working now, the door locks work, electricity is stable, and I haven't seen a cockroach in a…

My anecdata is different: the Airbnb one floor above us in our last place earned us a visit from the cops (due to a misunderstanding about the definition of "bottom floor") due to how frequently they were occupied by people either having parties there or coming back from parties very loudly at all times of night.

The same floor/direction misunderstanding also got us so many incorrect doorbell rings that we ended up muting it at the cost of risking missed deliveries.

Whatever magical behavior these AirBnB guests have, they can still take it to a hotel.

Re: Spain fines Airbnb €65M: Why the government is cracking down on illegal rentals

#160

__thats it__??? it's missing like 5 zeros on the righthand side of that number.

They should fine them 6.5 trillion? I’m in favour of the fine but that seems a bit much

Sometimes jokes don’t come out well over the internet.
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