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

[dothebeats]

I think the rental price depends on the location, if we have the patience to find a cheaper house to rent then we can easily get it, I once worked in an area where the rent for a place was very expensive, but I was looking for a small road that was not far away and could get it at a very low price cheaper maybe only about 30% of the market price.

Location do play a big role when it comes to rental price. Location shows how accessible, modern, safe and secured the place will be. Location also shows the places that figure tenants can easily go to like hospitals, restaurants, malls, and other places that will be nice to
conveniently have nearby. However, there are also other things to consider like the aesthetics of the place, the amenities, the other rental price of nearby places, and the maintenance fees that landlords/land ladies often need for quick repairs. I'm sure there are a lot more factors that comes with setting a rental price but I agree that if we want to find a cheaper place we can start by researching locations.

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[MFahad]

I think the rental price depends on the location, if we have the patience to find a cheaper house to rent then we can easily get it, I once worked in an area where the rent for a place was very expensive, but I was looking for a small road that was not far away and could get it at a very low price cheaper maybe only about 30% of the market price.

yes exactly the rental price depends on the area in which house is builded as well as on opportunities which are present in a house. I think inflation is so high that a small house has larger renting price therefore a common man cannot afford to live on rent.

Due to availability of job in certain area people often go towards that areas and also they prefer a better education system therefore living on rent become crucial for them. for minimum cost of renting one should not go towards expensive areas if they cannot manage it because just renting is not a thing but there are also lots of other expenses which should also be managed so try to reduces your expenses by completing your just your needs as wishes never ends.

[Davian144]

I think the rental price depends on the location, if we have the patience to find a cheaper house to rent then we can easily get it, I once worked in an area where the rent for a place was very expensive, but I was looking for a small road that was not far away and could get it at a very low price cheaper maybe only about 30% of the market price.

The price of renting a house or rented house does not always depend on the location of the house in a certain location, because there are also prices for renting a house or rented house which become expensive due to the large size of the house and also the facilities in it. So we need to understand this from several points of view so that we can know why the price of renting a house or renting a house is high, although in general the price is also very likely to become expensive because there are more people interested in renting a house in that location.

And for a solution that wants to find cheaper house rental costs, we really have to look at nearby houses that are not far from the place we are focusing on because there are no other costs that we have to pay every time we go out to get to our actual destination.

[Unbunplease]

The price of renting a house or rented house does not always depend on the location of the house in a certain location, because there are also prices for renting a house or rented house which become expensive due to the large size of the house and also the facilities in it. So we need to understand this from several points of view so that we can know why the price of renting a house or renting a house is high, although in general the price is also very likely to become expensive because there are more people interested in renting a house in that location.

And for a solution that wants to find cheaper house rental costs, we really have to look at nearby houses that are not far from the place we are focusing on because there are no other costs that we have to pay every time we go out to get to our actual destination.

Usually the landlord will inflate the price to be able to bargain. If the landlord sets the desired price right away, there is no room for maneuver. Therefore, you should always check whether the landlord is willing to make concessions in terms of lowering the price.

[poodle63]

I think the rental price depends on the location, if we have the patience to find a cheaper house to rent then we can easily get it, I once worked in an area where the rent for a place was very expensive, but I was looking for a small road that was not far away and could get it at a very low price cheaper maybe only about 30% of the market price.

thats true, but sometime the location for getting cheaper rental is further than just a few hundred meters, certainly it will add to cost of transportation and many things.
like using delivery food service it will also increase the fee needed, honestly its the same, if the location of the house is near and it can add many benefit towards the quality of our life even possibly helps us save money because its near to many public facilities and restaurant even food stalls its just far better choice in my opinion.
therefore it needs to be considered about all thing that revolves around our life not just the price of the rents.

[barisbilgili]

I think the rental price depends on the location, if we have the patience to find a cheaper house to rent then we can easily get it, I once worked in an area where the rent for a place was very expensive, but I was looking for a small road that was not far away and could get it at a very low price cheaper maybe only about 30% of the market price.

thats true, but sometime the location for getting cheaper rental is further than just a few hundred meters, certainly it will add to cost of transportation and many things.
like using delivery food service it will also increase the fee needed, honestly its the same, if the location of the house is near and it can add many benefit towards the quality of our life even possibly helps us save money because its near to many public facilities and restaurant even food stalls its just far better choice in my opinion.
therefore it needs to be considered about all thing that revolves around our life not just the price of the rents.

If the house we are looking for is close to the city center or a densely populated area, of course the rental price for the house is more expensive than a house far from densely populated residential areas. You are right, it would be better for us to choose the house we want to rent, it would be better to look for it close to the place we need so we can access it easily so we can save money on getting to the place we need. In my opinion, there are many things that can influence house rental prices to be high, but in general we see that a strategic location will cause house prices to be high.

[Kakmakr]

Can you blame people for trying to make an extra income, during a time where everything are becoming more and more expensive these days.  The Airbnbs in my country are being taxes by the local government as a business, so they are paying higher local rates, than people that are using their house as a primary residence. 

This is done, because Hotels and Guesthouses are suffering to keep their doors open..... and also to slow down the Airbnbs that are popping up like mushrooms. (the rates are much higher when you operate a business) 

[DrBeer]

I've been inactive for quite a while because I'm in the process of renting a house. I don't know how easy it is in other countries, but here, it's an extremely time-consuming and nerve-racking process. I spent more than a week in the streets without any success.

I know for a fact that many tourist-oriented cities across Europe are facing similar issues due to the increasing supply of Airbnbs and the increase in digital nomads over the years. This is rendering the situation uninhabitable for local residents, who have to face the constantly increasing rents because homeowners prefer to rent to tourists and digital nomads, who have a much higher spending capability. On the one hand, from homeowners' points of view, it's understandable; they want to make the most out of their property, but on the other hand, locals will ultimately be forced to leave the city or live in poor conditions.

For instance, a typical example of how much remote working has spread in Europe and Greece specifically is the following: The official digital nomads Facebook group used to have less than 5,000 users approximately a year ago; now it has over 34,000, which doesn't necessarily mean that all these people live in Greece and work remotely, but I'm trying to emphasize how broader the issue is for locals because there's an increasing interest in short-term rentals. I remember a few years ago, the local newspaper was filled with housing listings, but after the introduction of Airbnb and short-term rentals, this has changed. Not only is there a lack of housing due to the increasing demand and the constantly decreasing supply, but those that are available are too expensive and, in some cases, unsuitable to live in due to how small and improvised they are. My previous apartment was in the basement and suffered from serious humidity and mold issues.

The average rent for a one-bedroom apartment in my area is about €400, which is still far from being perfect or ideal, often lacking basic utilities such as proper heating or a solar water heater, which is a must for the 300 days a year of sunshine we have. I know that compared to other European cities, this amount of money sounds insignificant, but when the average salary is approximately €700, you can wish yourself good luck living alone. No wonder almost half of the population aged between 18 and 25 still lives with their parents.

In my opinion, it's doubtful that this situation is going to improve anytime soon. Touristic cities are bound to suffer from a lack of available housing for long-term rental, and Airbnb can no longer be regulated in order to create a balance between locals and tourists. What do you think can be done in such cases, and what would you do on a personal level? Move out, stick to paying an extreme amount for housing, or live in a substandard apartment hoping to find something better in the future?

Tourist areas do have their own characteristics. I'm not sure if living with parents for a long time is a consequence of being located in a tourist zone .

Yes, in a tourist zone, a significant part of the rental housing is rented out to tourists for daily rent, not long-term to locals. Because it is much more profitable.
But I think the problem is solvable. You can move to another neighborhood of the city, which is not in the historical/tourist zone. It is possible to change the city of residence. You can buy an apartment outside the tourist zone, if you do not plan to rent it, but use it for your own residence.
You can move to another country with more comfortable conditions, and this is not a problem either. 

In short - you just need to accept this feature of tourist zones, and just make an acceptable decision !

[DabsPoorVersion]

Tourist areas do have their own characteristics. I'm not sure if living with parents for a long time is a consequence of being located in a tourist zone .

Yes, in a tourist zone, a significant part of the rental housing is rented out to tourists for daily rent, not long-term to locals. Because it is much more profitable.
But I think the problem is solvable. You can move to another neighborhood of the city, which is not in the historical/tourist zone. It is possible to change the city of residence. You can buy an apartment outside the tourist zone, if you do not plan to rent it, but use it for your own residence.
You can move to another country with more comfortable conditions, and this is not a problem either. 

In short - you just need to accept this feature of tourist zones, and just make an acceptable decision !

There's nothing OP can really do in this case. He can decide whether to move out of the city as the number of people who rent their property to make more money is increasing, or he can participate and support the tourism industry. As he also lives in that area, OP should take the positive effect of tourism and benefit from it by finding a way to make money.
If this option is not possible, the only choice is to find another area.
However, there are so many things to consider like what if the place of his work is far from it.

[Plaguedeath]

That's nature, if people are prefer to buy a house rather than rent a house, people will not use their house to rent for other people because of low demands. So this mean people are prefer to rent a house than buy a house, maybe the price is cheaper, they can move to other house or city because they don't want to stuck in house etc.

This problem is happen in every country, so the only solution for you is work in high monthly wage and move to developing country.

[Mr. Magkaisa]

        -  If you have no other choice, you will endure living in a substandard apartment rather than having nowhere to live. But if you can afford to pay for a rental apartment, do it anyway. And what I also know is that in the country of Greece, the expenses are really expensive, as are the goods.

Because I have a friend there in Greece, he himself tells me that the expenses and fees there are expensive, so that's the only thing that can be advised to you: if you have no other choice, just try what you can do.

[terrific]

In most countries these days, it's like your entire salary is being consumed by the rent for your apartment. That's sad truth that many areas are suffering these days.
Can't stop the increase because these owners are also needing to adjust their rates and if there's not that much housing program in areas where you guys are located, it's not only you that does experience it.
We may not see this situation improving soon but it's not also going to be at top for most times.

[Fuso.hp]

Renting someone else's house means paying a certain amount of money to the landlord at the end of each month. No one wants to live in someone else's house, when there is nothing to do, they are forced to live in someone else's house. Everyone has a small dream to build a house and move from a rented house to own house. Maybe after working hard a person can build a house of his own and stay at home but the problem is for students who stay away for studying but if they want to build a house or buy a house they cannot stay at home they are forced to rent houses. But living in a rented house means paying a certain amount of money to the house owner in return for a month's stay because the house owner will stay the same and he will only get rent from the middle.

[Silberman]

In most countries these days, it's like your entire salary is being consumed by the rent for your apartment. That's sad truth that many areas are suffering these days.
Can't stop the increase because these owners are also needing to adjust their rates and if there's not that much housing program in areas where you guys are located, it's not only you that does experience it.
We may not see this situation improving soon but it's not also going to be at top for most times.

I have little doubts that at some point on the future we may see another global crisis caused by real estate, since every single person needs a place to be and yet real estate prices have become increasingly high during the past decades, however I really think this is a bubble which could explode soon, as even if everyone needs a place to live, it is not as if people cannot find a way to make do without renting or buying their own property, and this could collapse the demand and the prices of real estate as well.

[DrBeer]

Tourist areas do have their own characteristics. I'm not sure if living with parents for a long time is a consequence of being located in a tourist zone .

Yes, in a tourist zone, a significant part of the rental housing is rented out to tourists for daily rent, not long-term to locals. Because it is much more profitable.
But I think the problem is solvable. You can move to another neighborhood of the city, which is not in the historical/tourist zone. It is possible to change the city of residence. You can buy an apartment outside the tourist zone, if you do not plan to rent it, but use it for your own residence.
You can move to another country with more comfortable conditions, and this is not a problem either. 

In short - you just need to accept this feature of tourist zones, and just make an acceptable decision !

There's nothing OP can really do in this case. He can decide whether to move out of the city as the number of people who rent their property to make more money is increasing, or he can participate and support the tourism industry. As he also lives in that area, OP should take the positive effect of tourism and benefit from it by finding a way to make money.
If this option is not possible, the only choice is to find another area.
However, there are so many things to consider like what if the place of his work is far from it.

Either way - there's a problem, we need to solve it. Some solutions may not be very pleasant, but.... otherwise you just have to put up with it and suffer, and that's the wrong way
In any case, to solve a problem, you have to realize it, accept it and find solutions - one or more and make a choice.
And there are a lot of options here - to use the advantages of the tourist zone, to find a new or additional job, to change the sphere of activity,.... In a word - there is always a way out, if only there is a desire to change something

[Synchronice]

I remember a few years ago, the local newspaper was filled with housing listings, but after the introduction of Airbnb and short-term rentals, this has changed. Not only is there a lack of housing due to the increasing demand and the constantly decreasing supply, but those that are available are too expensive and, in some cases, unsuitable to live in due to how small and improvised they are. My previous apartment was in the basement and suffered from serious humidity and mold issues.

The average rent for a one-bedroom apartment in my area is about €400, which is still far from being perfect or ideal, often lacking basic utilities such as proper heating or a solar water heater, which is a must for the 300 days a year of sunshine we have. I know that compared to other European cities, this amount of money sounds insignificant, but when the average salary is approximately €700, you can wish yourself good luck living alone. No wonder almost half of the population aged between 18 and 25 still lives with their parents.

In my opinion, it's doubtful that this situation is going to improve anytime soon. Touristic cities are bound to suffer from a lack of available housing for long-term rental, and Airbnb can no longer be regulated in order to create a balance between locals and tourists. What do you think can be done in such cases, and what would you do on a personal level? Move out, stick to paying an extreme amount for housing, or live in a substandard apartment hoping to find something better in the future?

The problem is not Airbnb and digital nomads, the problem is the mentality of European people. You can't give me a single valid reason of why you should leave your parents basement and rent a 15sqm apartment. Just why? Why should you leave your parents? What's wrong with parents and sons and daughters living with them till they get married? I love this part of Asian mentality, they live with their parents, even after the marriage.

By the way, if European people will live with their parents, then number of rented apartments will significantly decrease, that will also decrease the housing price and those who really need to rent, will find apartments quickly, easily and with an affordable price.

[traderethereum]

Renting someone else's house means paying a certain amount of money to the landlord at the end of each month. No one wants to live in someone else's house, when there is nothing to do, they are forced to live in someone else's house. Everyone has a small dream to build a house and move from a rented house to own house. Maybe after working hard a person can build a house of his own and stay at home but the problem is for students who stay away for studying but if they want to build a house or buy a house they cannot stay at home they are forced to rent houses. But living in a rented house means paying a certain amount of money to the house owner in return for a month's stay because the house owner will stay the same and he will only get rent from the middle.

They are forced to rent someone else's house because they don't have their dream house yet and are still trying to raise money to own their own house.
It's okay to rent someone else's house while we are still trying to have our own house because the price of a house is very expensive. They may find a cheap house but it is far from urban areas and there are many limitations they have to experience.

For students who migrate, they can rent a big house with friends who come from the same city. I often see this around where I live and a neighbor of mine rents his house to 5 students.
If I don't have the money to buy a house yet, maybe renting is an option and has to be adjusted to my budget.

[fuguebtc]

That's nature, if people are prefer to buy a house rather than rent a house, people will not use their house to rent for other people because of low demands. So this mean people are prefer to rent a house than buy a house, maybe the price is cheaper, they can move to other house or city because they don't want to stuck in house etc.

I don't think people prefer renting to owning their own home. If it were you, would you rather rent someone else's house or own your own?
Simply because most people cannot afford to buy a house for themselves, they will choose to rent a house to suit their current economic conditions. I bet you that no one will want to rent a house instead of buying a house, it's all forced by circumstances.

This problem is happen in every country, so the only solution for you is work in high monthly wage and move to developing country.

Everyone knows this, but how to get a high salary? If moving to developed countries were that easy, there would be no poor people left in this world.

[AicecreaME]

If you afford it, I think the best move is to move out and live to another country where you can find easily what you're trying to find.

Living in a country where it is not affordable anymore and the housing, or even an apartment cost too much but it lacks the quality you're looking for isn't worth it in my opinion. I'd rather go somewhere else, start a new life, spend the money wisely with so much choices to have with the qualities of something that I'm looking for than to stick to a place where only monopoly happens.

[terrific]

In most countries these days, it's like your entire salary is being consumed by the rent for your apartment. That's sad truth that many areas are suffering these days.
Can't stop the increase because these owners are also needing to adjust their rates and if there's not that much housing program in areas where you guys are located, it's not only you that does experience it.
We may not see this situation improving soon but it's not also going to be at top for most times.

I have little doubts that at some point on the future we may see another global crisis caused by real estate, since every single person needs a place to be and yet real estate prices have become increasingly high during the past decades, however I really think this is a bubble which could explode soon, as even if everyone needs a place to live, it is not as if people cannot find a way to make do without renting or buying their own property, and this could collapse the demand and the prices of real estate as well.

I am also believing that this bubble will pop soon and it's just a matter of time. I thought that after the pandemic and with all of these wars, everything will stabilized.
But it seems not and everyone is just coping to recover and that's why most of the properties are too expensive. I'm just waiting for that moment for it to explode and I am sure that time will come.
And those hoarders that have been doing that and bought those properties on a high price, won't be able to sell it higher.