Hacker News new | ask | show | jobs
by ggpsv 794 days ago
The problem here is that this creates negative externalities on the housing market unless regulation is in place. Otherwise, it creates an incentive for short-term housing over long-term housing, which affects the people who do live there. This is the crux of the matter in many places that have a problem with tourism.
2 comments

Regulation is definitely necessary to protect low-income residents. Areas that understand this and implement it well will be rewarded for it.
tax stays of less than 3 months by 50%