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by RobPfeifer
2791 days ago
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I think this is way oversimplifying things. Hotels and apartments are zoned differently and regulated and managed differently. There are negative externalities in apartment buildings for AirBNB hosts that are paid for by their neighbors. Zoning is designed (often poorly!) to do this on a neighborhood level, but not at all to do so on a building by building or apartment by apartment level. This is regulatory arbitrage for sure by AirBNB and hosts. The answer (theoretically) would be to more granularly undersrand the costs and benefits to all parties and redistribute appropriately. Unfortunately, neither the public or private sector is incentivized to solve this fairly - “competition” won’t solve it. Seems like a case where regulation would be the answer - it’s just unlikely any single city will solve it well, much less all of them. |
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I think it's 80% an issue of artificial market distortion due to limitation.
Cities need to rethink this. There is zero negative burden to my neighbourhood if the building I live in happened to be a hotel.
It's time for a rethink.