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Airbnb raises violent crime rates in cities as residents are pushed out

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Re: Airbnb raises violent crime rates in cities as residents are pushed out

#51

Earlier quoted context omitted.

And if it wasn't for people turning that supply into AirBnBs to satisfy their short term greed and tourists, there wouldn't be as much of an issue. AirBnB has certainly contributed a lot to the lack of supply in major tourist destinations.

Tourists are people too. This really seems like an extreme version of nativism.

Respectfully: if you're going to attempt to co-opt a political framing to which you are less than familiar, drawing a transparent parallel between the fundamentally consumerist nature of tourism and needing a place to live that lets you get to your job, and then attempting to tag it as nativism--let alone an "extreme version" of it!--is probably not the least disingenuous way to do so.

You are describing something functionally on the same scale as to the "extreme blowback" rich people get when people make fun of them on Twitter for, say, burning untold amounts of dead dinosaur goop to make an NFT or to not quite go to space as a personal stunt. It is somehow, however, though not the "economically just circumstances" of the hand-to-mouth mom. Which is a situation to which I will confess some confusion, but whatever.

Re: Airbnb raises violent crime rates in cities as residents are pushed out

#53

Earlier quoted context omitted.

No, the difficulty of increasing supply has directly led to increased home prices.

Theres no supply because investors are hoarding them. Blackrock is buying out entire neighborhoods and thats really the tip of the iceberg compared to airbnb listings.

Why can’t we create enough supply that it’s not worth investors hoarding?

Re: Airbnb raises violent crime rates in cities as residents are pushed out

#54

Earlier quoted context omitted.

And if it wasn't for people turning that supply into AirBnBs to satisfy their short term greed and tourists, there wouldn't be as much of an issue. AirBnB has certainly contributed a lot to the lack of supply in major tourist destinations.

Tourists are people too. This really seems like an extreme version of nativism.

The social consequences to a tourist going to a hotel instead of an Airbnb are nowhere even near the social consequences of an even modest increase in rents.

Re: Airbnb raises violent crime rates in cities as residents are pushed out

#55

Earlier quoted context omitted.

And if it wasn't for people turning that supply into AirBnBs to satisfy their short term greed and tourists, there wouldn't be as much of an issue. AirBnB has certainly contributed a lot to the lack of supply in major tourist destinations.

Tourists are people too. This really seems like an extreme version of nativism.

Is it really right to equate a tourist's interest in accommodation with a resident's interest in a strong community?

Re: Airbnb raises violent crime rates in cities as residents are pushed out

#56

Earlier quoted context omitted.

No, the difficulty of increasing supply has directly led to increased home prices.

Theres no supply because investors are hoarding them. Blackrock is buying out entire neighborhoods and thats really the tip of the iceberg compared to airbnb listings.

There are airbnb investors as well, people buying properties in order to rent them out.

Re: Airbnb raises violent crime rates in cities as residents are pushed out

#57
post #53

Earlier quoted context omitted.

Theres no supply because investors are hoarding them. Blackrock is buying out entire neighborhoods and thats really the tip of the iceberg compared to airbnb listings.

Why can’t we create enough supply that it’s not worth investors hoarding?

Because theres not enough land and investors have more money than you. As an investment the average american will always be priced out.

Its priced to hit your maximum threshold on monthly wages expendable to rent with minimal savings.

Re: Airbnb raises violent crime rates in cities as residents are pushed out

#58

The AirBnb "effect" has directly led to increased home prices. A home turning a profit thus becomes more important than how its guests impact a neighborhood and community. Ignoring or spinning the social costs is a primary goal of Airbnb's PR machine. It has made many neighborhoods more transitory (i.e. less homesteading, more short term rentals). Acknowledge the social costs to community and it's not surprising to r…

I’ve tried to tell this to people and I get blank stares every time. If you take an AirBNB house off the AirBNB market and put it up for sale, it’s like you just built a house for that community. Even better, the market for houses dips lower because of the increased supply. I really wish rental housing was banned. There is no real gain in productivity from allowing rental housing other than some scummy landlord who l…

What if I can’t afford to buy a house? Do I need to get a loan from the bank? Do you also believe banks should be forced to lend money to people they don’t think will pay it back?

Re: Airbnb raises violent crime rates in cities as residents are pushed out

#59

The AirBnb "effect" has directly led to increased home prices. A home turning a profit thus becomes more important than how its guests impact a neighborhood and community. Ignoring or spinning the social costs is a primary goal of Airbnb's PR machine. It has made many neighborhoods more transitory (i.e. less homesteading, more short term rentals). Acknowledge the social costs to community and it's not surprising to r…

No, the difficulty of increasing supply has directly led to increased home prices.

Supply increase difficulty has not changed recently. Demand increase has. So if we're going to blame it on one factor, it makes sense to pick the one that has changed and is easier to control.

Less friction in increasing supply is also not an unalloyed good. You can look at the commercial office market, which is much less restricted and has huge boom/bust cycles. And that's before we get to the externalities of rapid housing growth.

I'm actually for increased supply, but I'd rather we stuck with better arguments for it than helping Airbnb get off the hook for the reasonably forseeable consequences of their actions.

Re: Airbnb raises violent crime rates in cities as residents are pushed out

#60
post #53

Earlier quoted context omitted.

Theres no supply because investors are hoarding them. Blackrock is buying out entire neighborhoods and thats really the tip of the iceberg compared to airbnb listings.

Why can’t we create enough supply that it’s not worth investors hoarding?

Because space in desirable areas is finite? Because the creation of that proximate supply does reduce the desirability of those areas, not merely in terms of the upper class but the middle and--eventually, given a far enough point on the curve--the lower classes too? Because ruining things for everyone because of the investor class is antithetical to a humane society?

(Which is to say that there is absolutely an argument for increased supply, but rather that the interests of the REIT-helming class are not congruent with the interests of the people who live there, and thus can either come congruent or be ignored.)

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