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by gremlinsinc 1253 days ago
People complain of Californians moving here as well, driving up costs but nobody looks at the 385 vacant AirBNB's in a town of 45k (Cedar City, UT). If you had 385 homes open up for student or family housing the rental crisis would plummet and prices would drop to normal. If they go un-filled that means they need homeowners instead of renters and will be back on the market at lesser prices because demand will drop if airbnb is limited. There should be like a set quota of airbnb's per capita (1 per 1k maybe?, and a yearly license by random lottery to see who gets a license).
1 comments

So you're saying the government should regulate how you use your private property? That's an interesting idea coming from a so-called "red" state.
If you're not living in it and using it for vacation homes, it seems eminent domain makes sense.

Now this is "homes" I'm talking about, not other dense living situations like apartment buildings and hotels.

Hotels should be zoned for commercial activity. He's right about the AirBNB business model increasing homelessness.
What has increased homelessness is communities restricting new building. The homeless have no means for buying the typical AirBNB property.
>The homeless have no means for buying the typical AirBNB property.

This is partially due to people buying up available housing stock to AirBNB resulting in a skewing of prices.

Many houses that would be back on the market now sit empty with no tenants for significant portions of every month thanks to that business model.

Not adding supply and taking existing supply off the market both contribute to supply issues.

And I'm not sure that AirBnB avoids any particular segment of the market; it can as easily cannibalize 1bd condos as it can 4bd homes.