I want Airbnb to exist, but have become more convinced that it should be legislated—especially in areas where it suppresses local economies.https://twitter.com/paulg/status/853925105990340608 …
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chris muscarella 🍳 Retweeted Paul Graham
I want Airbnb to exist, but have become more convinced that it should be legislated—especially in areas where it suppresses local economies.https://twitter.com/paulg/status/853925105990340608 …
chris muscarella 🍳 added,
2/ This is the most clear in smaller towns adjacent to large cities, where city folk buy second homes propped up by Airbnb earnings.
I live somewhere like that - and all the second homes do make long term rentals extremely hard to find. At the same time, (1/2)
AirBnB income can tip the balance to let folks buy who otherwise couldn't, which is good for the community longterm. Unsure where I net out.
I think there's also a huge difference between 1st home buying and 2nd home buying. One creates ghost towns.
Here, 50% of housing is second homes, but that's all about seasonal use for the owners - long-term rentals were never on the table.
the place I see this problem is the Hudson Valley, North of NYC. Many small cities (30k population) where rental liquidity...
is down to 1-2% of housing stock from norms of 6-7% pre Airbnb. Small cities are growing, but growth stymied by Airbnb's effect
The game changer here, maybe, would be some kind of systematized house-sitting which guaranteed long-term accom with minimal moving around,
where you could spend long stretches at the same place in the off-season and would then have to fill in around short-term rentals on-season.
Far from ideal but would eke out a bit more rental availability for some. (Wouldn't really help for families.)
Would also guess that solutions really different for places that are predominately recreational / vacation vs. developing local economy.
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