[mft_]

I'm not sure you've looked very hard. Let's consider Mallorca. It's not all a resort town, but no doubt it's an attractive destination.

Estimates of course vary, but there are estimates that 60% of the total housing stock is owned by foreigners [0] and in 2024, >40% of all houses sold were bought by foreigners. [1] (It's also worth noting that [1] suggests foreigners purchased >20% of houses sold in Valencia, the Canary Islands, Murcia, and Catalonia, so this isn't limited to Mallorca.)

If these numbers are even close to accurate, this would be your empirical reality, and such numbers would certainly by sufficient to drive demand, shortage, and price increases.

[0] https://www.falcrealestate.com/en/magazine/property-market-t...

[1] https://humansofmallorca.com/balearics-lead-spain-for-homes-...

[lurk2]

> It's not all a resort town

Tourism comprises 45% of the economy, which is what I was characterizing as a resort town. If you look at cities that have anything else going on for them, you’re looking at figures of less than 2% of housing stock. London is around 2.5%, New York City was around 2% before the ban, Los Angeles is around 2.1%.

[mft_]

So… except for the places where the concept applies, it doesn’t apply?

[lurk2]

In places where the economy is not based on tourism, the percentage of short term rentals rarely exceeds 3% of housing stock.

[mft_]

The original disagreement was (to simplify) around whether locals' objections to tourists was due to economics (housing becoming more expensive), or other possible factors (including xenophobia).

So we seem to have agreed that, yes, in areas where there's a significant influx of tourists (whether short or long-term), there are likely to be sigificant economic factors that might explain the locals' antipathy?

[lurk2]

> So we seem to have agreed that, yes, in areas where there's a significant influx of tourists (whether short or long-term), there are likely to be sigificant economic factors that might explain the locals' antipathy?

Are you seeing these demonstrations in the resort towns or in the cities under the 3% threshold?

[mft_]

I think you're trying to shift the goalposts, or you're just not seeing that we're stuck in circular logic.

----

You originally said there isn't an economic basis to locals' antipathy to outsiders.

I provided evidence to show that an economic basis is plausible.

You then use that evidence, and define any examples where it's happening as a 'resort town', and then require evidence that it's also happening in places you wouldn't define as a 'resort town'.

I can't do that, because you excluded the places I can provide positive evidence for, by defining them as resort towns.

----

My basic point remains: there are plenty of places where an influx of short- or long-term tourists causes a meaningful economic shift in the cost of housing (especially) which therefore makes it logical (and not just xenophobic) that the locals might resent the tourists.

[01HNNWZ0MV43FF]

Build more?