Hacker News new | ask | show | jobs
by ajsnigrutin 1079 days ago
It's a limited resource being misused. It is in the interest of the locals for tourists to stay in hotels and apartments to be available for long(er) term rent for the locals. Barcelona was one of the first cities to ban short-term rentals (under 31 days), and hopefully not the last.
1 comments

It’s only “limited” because housing has been made artificially scarce by local governments operating in the interests of property owners by restricting new builds in order to keep housing prices high. In regions and countries that have allowed enough housing to be built to actually meet demand there is much less hand-wringing about short-term rentals.