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by MrMetlHed
1401 days ago
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In some places rental prices are increased even more because properties that would be rented otherwise are now just AirBNBs. Just look at this map of registered short-term rentals in Scottsdale, AZ: https://eservices.scottsdaleaz.gov/maps/registered-rentals. I know it's a vacation destination, especially in the winter, but I'm sure something like this is going on everywhere rents are skyrocketing. And guess what, the short-term rental lobby got the state legislature in Arizona to pass a law that cities and counties couldn't restrict short-term rentals to a greater degree than the state does. I still think the best solution (that'll never, ever happen) is something like an exponential property tax increase for additional properties you own over 2 or so. After you own a few properties that's a cost that can't simply be passed on, so it locks out giant investors and local monopolies. |
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This is like saying "uber increased dmeand for cars and that made cars expensive". No, the car companies just built more cars. We need to build more homes.