Earlier quoted context omitted.
I don't especially mind tourists in moderate numbers - after all, from time to time, I play the tourist myself. However, I live and work in Cambridge, and if we were to put what you suggest into practice the city would become an absolutely intolerable place to be for everyone. AirBnb may or may not be a big problem here but, if it is, it's a subset of a bigger problem: buy to let. I'd like to see buy to let severely…
> buy to let. I'd like to see buy to let severely curtailed within the city, as it's certainly driving up already high prices. I'm familiar with the argument that AirBnB reduces rental stock by devoting it to tourism. But I rarely encounter someone who is mad that more rental stock is being added. Wouldn't you want rental prices to fall by increasing the availability of rental stock? Is a big gap between the cost of…
You can argue about whether buying property is a good model or not: in lots of countries in Europe it's not considered the norm, but I'm talking specifically about the UK where it is. Having more rental properties here is fine, but it's also not necessarily what people here want: many people want to buy their homes, and it's better that they do so in a market that isn't skewed by private landlords mopping up large quantities of property. In some parts of the country, though as I've already acknowledged it's unclear to me that this applies to Cambridge, AirBnb (and holiday homes in a more general sense) are a significant contributor to a lack of available property for long-term residents, or people who want to be long-term residents.