this post was submitted on 08 Jul 2023
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How do you even combat that ?
Eliminate zoning and other regulations that make it impossible to build sufficient housing supply.
At it's core, this is the root cause of the housing crisis. We do not have enough supply. The amount of Airbnb's that exist is extremely miniscule and the targeting of Airbnbs is an intentional distraction tactic.
Depending on the source, 1% to 0.2% of all dwellings are listed for short-term rental in the US. That's crazy small and has very little impact on housing prices overall.
The fact of the matter is that Single Family Homes are an incredible luxury that our parents and grandparents were able to enjoy when the country had half as many people as it does now. It is no longer sustainable to expect a SFH in the US, and the American public continuing to cling to that dream and restrictive zoning practices are really what is driving up prices.
If you want an affordable house you will need to move to a rural area where land and labor are cheap. If you want to live near any reasonably sized city, you better be upper middle class to even think about buying a SFH.
I totally agree. More housing would be built if we were to just fix our broken zoning regulations and building approval processes but everyone is obsessed with banning Airbnb.