Are short-term rentals to blame for the lack of housing?

[EarnOnVictor]

I believe that it's too late to intervene, thus, they simply let it be. It certainly is good for tourism but we can't let locals aside, tourism is a great industry I don't believe the opposite, but it has gone out of hand that's interfering the locals negatively.

Well, you said you believe is too late, but it doesn't translate to the fact that it's actually too late, it's just your own belief. That's why I now repeat that it's not too late, there is no problem without a situation but the question is whether the government and the citizens are willing to give a solution and be patient with it and whether they even have the solution at hand which is the most important part.

The issue citizens are facing in many countries is either the bad policies of the government or their inactions when they suppose to act. But it's never too late if they can go back to the drawing board and get it eased, it will only take time. Yours is not the first.

[Poker Player]

For country-level solutions, it's simple, build more! More housing than demand lowers the price making it more affordable.
Do nothing solution and wait, another thing that will work since the law of economics will start biting also, there is an influx of cash to the homeowners, there are people who spend more, thus prices in that region become higher, once the price becomes higher it becomes less attractive for most digital nomads who do this for cheap housing and start moving to the next city.

On a personal level, nothing that you can really do without compromises.
Earn more spend less or move away!

It sounds simple enough, even though that doesn't directly solve the housing crisis, as newly constructed blocks of flats are usually sold for personal occupation and are subject to extremely high prices. There's a block of flats being constructed here as we speak, and all the apartments have already been sold at extraordinary prices for the average citizen.

That's simply because it's in an area with little supply, and building a little doesn't expand the supply enough to bring prices down significantly.

I think the Airbnb phenomenon has been seen all over the world, and digital nomads is a growing phenomenon as well. If you are looking to rent in a city where prices have gone up because of it, you have several solutions, go further away from the center, and even to towns several kilometers away from the city, or rent something smaller or look for a way to increase income and be able to pay more.

What happens is that you see that your parents were able to pay for a house in a few years in an area of your city that is now considered downtown and where you can't even pay the rent. Well, you have to adapt to the new reality and act accordingly.

[Helena Yu]

It's mean those people are better than you because they can compete against the locals, if you think earning €700 isn't enough, what about them?

You need to improve your skill in this competitive world, you can't just sit down, scrolling TikTok and wish something miracle you will get promoted to earn higher wage. There's no one should be blame, the strong people will win and the weak people will lose, that's a nature.

[Ultegra134]

In the end people keep on blaming the government for their financial inequality which causes them to face some problems in their social life. I understand your feelings - but the government will not be able to change the fate of all its citizens 100% and fulfill all the wishes of its citizens.

At least we are responsible for ourselves rather than depending on government policies that favor us. Of course we can expect the government to be able to solve all these problems thoroughly – but our destiny is our own responsibility. Ultegra134 - governments care about their citizens, but sometimes they can't touch every citizen with favorable policies.

I understand your point, but trust me, I'm not one of those people who constantly blame others; constant whining is something that I hate myself for. I can afford to pay €400 or even more for rent and get by perfectly okay due to the forum and my living with my partner. We'd do just fine; is it ideal to spend more than half of our salary on housing, though? Definitely not. I can present you with numerous cases of government negligence to the point that it's disturbing and criminal. I'm not expecting a government to find the go-to solution for everything, but to at least respect their citizens and assist them in having a proper life, wherever that is possible.

The problem is too complex, it is true that companies like Airbnb are part of the problem, however the problem is way deeper than that, due to the high inflation we went through due to the pandemic houses became more expensive and now more people are interested on renting, increasing the demand, however less houses were sold due to the higher prices reducing the supply, and now homeowners want to pay for their mortgage as soon as possible and they need to make as much money as they can while reducing the expenses their properties generate, and when you put the whole picture together then it is clear why this is happening to you and why if anything it could get worse during the short term.

That's actually true; Airbnb is part of the problem, and COVID didn't help either because it slowed down the economy a lot while increasing inflation has made everything extremely expensive, and homeowners are trying to compensate by increasing their rents.

It's mean those people are better than you because they can compete against the locals, if you think earning €700 isn't enough, what about them?

You need to improve your skill in this competitive world, you can't just sit down, scrolling TikTok and wish something miracle you will get promoted to earn higher wage. There's no one should be blame, the strong people will win and the weak people will lose, that's a nature.

I believe that you're way off-topic, and you're jumping to conclusions by yourself.

[dothebeats]

It's mean those people are better than you because they can compete against the locals, if you think earning €700 isn't enough, what about them?

You need to improve your skill in this competitive world, you can't just sit down, scrolling TikTok and wish something miracle you will get promoted to earn higher wage. There's no one should be blame, the strong people will win and the weak people will lose, that's a nature.

This is just way off topic. No need to attack OP like that. After all, no matter how competitive you are in this world, there are outside factors that affects how sucessful someone will be. In OPs case, airbnb and the effects of pandemic has indeed affect the system of housing in various, if not all, parts of the world. The demand is high but so is the price.

[Joshapat]

The presence of a daily house rental application including airbnb is of course a positive thing for homeowners, I have also rented a house for airbnb and the results were satisfactory, even when there was covid 19 in my country 3 years ago the daily rental business was still good, and this certainly made an even bigger impact expensive rental house.

[alastantiger]

I have read the side of the argument from the perspective of the tenets but then it is only going to be fair that we listen to the argument of the landlords too. Please note that I am not a landlord I too affected by this but it is not within my control. So, I focus on what I can control just as Poker Player put it, "adapt to the new reality and act accordingly." The Landlords argument is that they make more money that matches the present economic situation from short term rentals than from regular tenants. Short term rentals pay more and it matches the inflation rate and helps the too be able to fuel their vehicles, buy food , and care for their families. Once again as a disinterested party, I would say to the landlords to go get a job.

[Wong Gendheng]

Residents who continue to increase while housing land is increasingly difficult to make land prices increase, the same thing also has an impact on house rental prices, in my opinion the biggest factors that make property prices including rent more expensive because of conditions that adjust to inflation or investment rates from the owner.

[Ultegra134]

I have read the side of the argument from the perspective of the tenets but then it is only going to be fair that we listen to the argument of the landlords too. Please note that I am not a landlord I too affected by this but it is not within my control. So, I focus on what I can control just as Poker Player put it, "adapt to the new reality and act accordingly." The Landlords argument is that they make more money that matches the present economic situation from short term rentals than from regular tenants. Short term rentals pay more and it matches the inflation rate and helps the too be able to fuel their vehicles, buy food , and care for their families. Once again as a disinterested party, I would say to the landlords to go get a job.

I understand why landowners gravitate towards short-term rentals; within a matter of a few months, they're generating a larger income than a whole year of renting long-term. It's perfectly understandable that they want to earn as much money as possible from their properties. The issue is that governments didn't take the matter seriously from the start when it was presented, and it quickly got out of hand. A simple example would be strict monitoring and taxation, with the threat of massive fines if their income wasn't declared. That would possibly deter someone from going through the whole process of renting short-term and all the requirements that your property needs as an Airbnb (the necessary equipment, cleaning, and so on).

[AnonBitCoiner]

Rent of housing in our country is very higher and a common man cannot afford it like a salary of a person is $133 and rent of House is 33$. So it is consider as higher because salaries are not enough to cover the other expenses of House easily.

The houses which have less rent are not suitable for living either there will be no electricity or there will be shortage of gas. A suitable house for living are not less than 33k$ of rent per month and all things are getting expensive due to the inflation in each country.

If a person build his own house then renting on monthly basis will be reduced but building a house is also very difficult as one can hardly manage the house holding activities.

[edy_58]

Well, you said you believe is too late, but it doesn't translate to the fact that it's actually too late, it's just your own belief. That's why I now repeat that it's not too late, there is no problem without a situation but the question is whether the government and the citizens are willing to give a solution and be patient with it and whether they even have the solution at hand which is the most important part.

The issue citizens are facing in many countries is either the bad policies of the government or their inactions when they suppose to act. But it's never too late if they can go back to the drawing board and get it eased, it will only take time. Yours is not the first.

If we expect a solution from the government in this case, then we must be patient waiting for the solution that will be provided by the government, as far as I know, if the government is going to issue a solution, of course they need to conduct an assessment of the impact that occurred before and after the solution was given. Blaming the government in this case will not have any impact on us It's better if we try for ourselves what is our responsibility.

[AnonBitCoiner]

A little bit right as those individuals who are going to office for their work are very punctual because their timing is fixed but those who are doing online jobs can complete the task anytime at a day. It is also consider as a benefit for online workers because they don't have to go outside from the home and are free to do from anywhere they wants.

One thing is natural that if abundance of work comes on one's shoulder and time is limited then everyone will become efficient so it also sometimes related to the sort of duty and task.

[coupable]

The presence of a daily house rental application including airbnb is of course a positive thing for homeowners, I have also rented a house for airbnb and the results were satisfactory, even when there was covid 19 in my country 3 years ago the daily rental business was still good, and this certainly made an even bigger impact expensive rental house.

I live in a country that does not support global payment cards and therefore does not support airbnb services. In this context, I would like to ask if there are people around the world who depend on airbnb for permanent housing. As far as I know, these services are mainly for recreational tourism purposes, which explains the high rental prices. On the other hand, this will certainly affect the rental prices in general, which contributed to the emergence of other types of services, such as a group purchasing a group house without any of them having a relationship with the other.
This is one of the most interesting topics and I look forward to following it.

[KiaKia]

There is no room for tourists in my city, or country? I can't see what's happening in other states, I can only talk about what's happening around me, Some apartments are for the rich, and some are manageable for those who are just starting a family, it all depends on how much you are making.

There is a state in my country that is mainly targeted for tourism and businesses, Housing is very high in that area, and it's expected because of how money is flowing into the state economy every day, you just have to relocate if you can't afford your house rent, find another state with lower house rent.

It's better and more convenient to build your own house, it can be frustrating at times when you trying to move into a new apartment, the cost and also your business will be affected.

[slapper]

There is no room for tourists in my city, or country? I can't see what's happening in other states, I can only talk about what's happening around me, Some apartments are for the rich, and some are manageable for those who are just starting a family, it all depends on how much you are making.

There is a state in my country that is mainly targeted for tourism and businesses, Housing is very high in that area, and it's expected because of how money is flowing into the state economy every day, you just have to relocate if you can't afford your house rent, find another state with lower house rent.

It's better and more convenient to build your own house, it can be frustrating at times when you trying to move into a new apartment, the cost and also your business will be affected.

It's quite the situation you're describing in your region, indeed, very apartment-centric, isn't it? There's an interesting fluctuation between rich and, uh, those starting families. Your comment about the tourism, or lack thereof, it's particularly intriguing and also somehow related to the housing market. Yes?

Building one's house is a good idea. Although, with the inconvenience and maybe the cost, it could also be an opportunity to, you know, avoid those high rents. Despite the possible inconvenience, constructing a house is like playing a game; you've got to know the rules and maybe win

The state with the high economy - money flowing - and housing costs, it's just another piece of the puzzle, or something like that. Relocation could be the key, as you rightly said. But isn't it the same everywhere? Or maybe not, and that's what makes it unique?

[19Nov16]

Property values such as land, houses and apartments will certainly continue to rise in population that continues to increase, cities that are increasingly crowded and high levels of congestion are an indication that the land in the city is expensive, it is natural that renting a house is also more expensive, the best solution rather than renting a house for the term Length is buying land in the suburbs which of course the price is not too expensive.

[Pierre 2]

I think this an issue only in touristic cities of touristic countries. OP mentions Greece with it, well I am also living at coastal Türkiye which is pretty similar with airbnbs and higher rents. I generally blame lack of new real estate. I think constructors don't have enough benefits to start new ones there is lack of proper housing in desirable cities. This is never an issue within smaller cities I suppose. I have a friebd living in Central Anatolia where housing is not big issue maybe except Ankara... And its capital so I think pretty normal.

[Hamphser]

There is no room for tourists in my city, or country? I can't see what's happening in other states, I can only talk about what's happening around me, Some apartments are for the rich, and some are manageable for those who are just starting a family, it all depends on how much you are making.

There is a state in my country that is mainly targeted for tourism and businesses, Housing is very high in that area, and it's expected because of how money is flowing into the state economy every day, you just have to relocate if you can't afford your house rent, find another state with lower house rent.

It's better and more convenient to build your own house, it can be frustrating at times when you trying to move into a new apartment, the cost and also your business will be affected.

It's quite the situation you're describing in your region, indeed, very apartment-centric, isn't it? There's an interesting fluctuation between rich and, uh, those starting families. Your comment about the tourism, or lack thereof, it's particularly intriguing and also somehow related to the housing market. Yes?

Building one's house is a good idea. Although, with the inconvenience and maybe the cost, it could also be an opportunity to, you know, avoid those high rents. Despite the possible inconvenience, constructing a house is like playing a game; you've got to know the rules and maybe win

The state with the high economy - money flowing - and housing costs, it's just another piece of the puzzle, or something like that. Relocation could be the key, as you rightly said. But isn't it the same everywhere? Or maybe not, and that's what makes it unique?

And this is where those squatters would really be molded up if there's lacking with those kind of rental or people cant really be able to find out place on which they could really be able to live with.Its a normal approach

does come with normal solutions or ways or methods by people.This situation is totally do depends on a certain country and same as you said that this one is really that apartment-centric on which tons of business owners do really that putting up a focus much with these type of businesses on which it did really result that they do have the rights and preference on setting out those high rentals since its business and for those who cant really be able to afford? They would definitely be finding out places on which they could really be able to build their own house but those are just that cheap made one and this is why i did mentioned
about those squatters which you might be seeing somewhere. Economic problems comes worst if there would be no proper control of these things and it would really be creating out that kind of imbalances.

[n0ne]

It is universal that the house rentals at the high around the tourist region/cities. House owners will always try to make the best out of it, because for most of the people residing in those locations their lives were dependent on tourism. Those are like seasons, for some time period they'll have good business and for the rest of the year they need to manage with what is being earned earlier.

Housing costs have increased and this is not just because of the short -term rental service providers. The rich ones were also part of it. Nowadays gated communities were the demanding one among the rich people. On the price order the rise in the value of gated properties will surely have atleast small impact over the small properties around the region.

[DeathAngel]

Short term rentals are one thing that contributes to the lack of housing but they are not solely to blame. They can limit available housing stock in popular areas, other factors such as population growth, limited construction & financial challenges also play a role. It's important to consider the overall housing ecosystem when addressing this issue. Solutions could involve balanced regulations that encourage both short term rentals and long term housing, incentivising construction & promoting affordable housing initiatives to ensure everyone has a place to call home.