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

[tjtonmoy]

The Airbnb is a concern for the locals for sure, but only the property owners are making the big bucks. With the provided information I think you work on a company or something and for that you can't move out from that city. If the demand is high then the property owners to make significant changes and rent out the house to people who are willing to live for a long time. Higher payer are always welcomed by them. In a situation like this, people will only focus on those higher paying people.

In a situation like this, you can live in substandard house for a while and that should be a wise decision. It is hard to find a good place with decent rental but not impossible. So for the time being you can manage the situation that way. On the other hand there are people willing to live together by sharing the rent. If you are okay with living other people then you can choose that option. That way you can get a decent living space also sharing the rent which will help even if the rent is high.

I don't know if this will help or you are willing to go with this plan. But I have faced the same situation. Finding a house for rental is a stretch. I have lived for 2 years with one of my friend sharing an apartment and the rent. Help the lot and later on I found a good place with cheaper rent.

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[Woodie]

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.

House hunting has always been like this in most parts of the world, and the fact that everyone wants to live in a neighborhood that has the convenience stores , hospitals, schools etc that are nearer to them...this translates to a case of high demand & low supply which also pushes renting a house upwards. Otherwise don't give up just yet if you still house hunting and you will definitely find something of your liking.

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.

In a digital world we live in, you expect technologies like Airbnb to be a must have and this is good for tourists if it works and a plus for home owners as they make more money on it, besides we have very little business ventures left for people to try out which is why many are venturing into it for easy profits.

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 last thing you want is regulation, let the free market economy do it's thing , besides you mentioned that you live in a tourist city which is a benefit for the locals that own property but a disadvantage for locals looking for nice affordable housing...

If I were in your shoes, I would be thinking of moving to a different city if the option is available as will be cost cutting in both accomodation and all other necessities(school, education, health, utilities etc)

[milewilda]

...My hometown barely has any houses available for rent, and every year it's met with the challenge of housing new university students....

I apologize - why don’t the city authorities build student dormitories and rent them out to students, solving 2 problems - settling students + getting an additional income channel?! Or why don't private investors do this? This is a “treasure2” for investment - there is a constant, growing, unmet demand! Plus, a bunch of services will be added there - from laundry to cafes/pizzerias and pharmacies, for students. Such projects provide good development where there were problems... It’s not right to take the problem , isolate yourself in it, and just complain... Many problems can actually be turned into positive events!

Speaking about personal inputs or situations then the main reason why they didnt make out such move? Its because of having no capital or fund that would really be allocated to it.Knowing that having this kind of properties or business isnt something that comes cheap from building a dorm or an apartment then it would really be that something costly. We know that land becomes scarce and population is really that keeps bloating or increasing on which means that people would really be trying out their best to place themselves on the capital on which it would really be just that a common sense for those real estate investors or businessman that they would really be placing in near capital yet this would really be the sweet spot.

If popular comes bigger then houses are in demand or those kind of properties on which people do really need up that shelter.This is why it is really that becoming a profitable business and this
industry keeps getting bigger due to demand. Lots and building a house is never been cheap and since a certain individual do lacks budget then this is why they would really
ending up on having rental on which those business owners or investors would really be taking advantage out of that.

[Ultegra134]

I apologize - why don’t the city authorities build student dormitories and rent them out to students, solving 2 problems - settling students + getting an additional income channel?! Or why don't private investors do this? This is a “treasure2” for investment - there is a constant, growing, unmet demand! Plus, a bunch of services will be added there - from laundry to cafes/pizzerias and pharmacies, for students. Such projects provide good development where there were problems... It’s not right to take the problem , isolate yourself in it, and just complain... Many problems can actually be turned into positive events!

There already are a few student dormitories, but unfortunately, they're not enough to accommodate everyone; secondly, they have strict economic requirements to enter, although I believe they're usually full; and lastly, I've read rumors during Covid-19 regarding their unpleasant condition—not all of them, of course, but you get my point. The article I read was from 2021, and I'm hoping the situation has improved. Another new block of apartments was recently opened, but as I've mentioned earlier, it doesn't solve the issue; they need to facilitate more students, and the current accommodation is not enough.

In a digital world we live in, you expect technologies like Airbnb to be a must have and this is good for tourists if it works and a plus for home owners as they make more money on it, besides we have very little business ventures left for people to try out which is why many are venturing into it for easy profits.

Airbnbs' certainly provide options that either cannot be found in hotels or may ultimately be cheaper, and price is one of the most important factors. Definitely, they also play a vital role in the tourism industry; however, I believe that it has gone out of hand.

The last thing you want is regulation, let the free market economy do it's thing , besides you mentioned that you live in a tourist city which is a benefit for the locals that own property but a disadvantage for locals looking for nice affordable housing...

If I were in your shoes, I would be thinking of moving to a different city if the option is available as will be cost cutting in both accomodation and all other necessities(school, education, health, utilities etc)

I'm not against regulation; in Spain, in Barcelona, if I remember correctly, they banned short-term rentals in the town center. I understand that short-term rentals are both a solution and a problem. Homeowners found a way to boost their income, while renters, on the other hand, are forced to pay extravagant amounts in rent to cover their needs. However, there needs to be some balance between the two.

[redsun114]

The Airbnb is a concern for the locals for sure, but only the property owners are making the big bucks. With the provided information I think you work on a company or something and for that you can't move out from that city. If the demand is high then the property owners to make significant changes and rent out the house to people who are willing to live for a long time. Higher payer are always welcomed by them. In a situation like this, people will only focus on those higher paying people.

And who is to be blamed in such a situation? The owners or the tenants? I would say none, talking about owners of the rentals, who wouldn't want to get more money for something they earned and own? Every person doing any sort of business in any part of the world would want customers who would pay them more for what they are offering, so you can't blame the owners. And if we talk about the tenants, those who are ready to pay a higher rent to get the houses, you can't blame them either, because someone who can afford to pay enough to get a good place will always do, they don't need to hesitate because they can afford to rent the place for the demanded amount by the owner.

So who is to be blamed? I would say the system, inflation, that's what is the basic cause of all this. If there was no inflation, buying land and building a house wouldn't cost as much as it does today, and the rental properties wouldn't be so high. So, we should blame the system for this.

[STT]

Rentals like any valid revenue should increase the ability for landlords or housing builders to increase their activity.  Usually the shortage of housing is from planning restrictions and just lack of land that can easily be built on.  Supply is restricted by government regulations, sometimes labor and materials.
  Airbnb is business activity, usage of personal housing for private industry to compete vs hotel bills.  That might be why its disruptive to normal housing but I assume with airbnb the housing is used for normal residential purposes sometimes.

[poodle63]

The Airbnb is a concern for the locals for sure, but only the property owners are making the big bucks. With the provided information I think you work on a company or something and for that you can't move out from that city. If the demand is high then the property owners to make significant changes and rent out the house to people who are willing to live for a long time. Higher payer are always welcomed by them. In a situation like this, people will only focus on those higher paying people.

And who is to be blamed in such a situation? The owners or the tenants? I would say none, talking about owners of the rentals, who wouldn't want to get more money for something they earned and own? Every person doing any sort of business in any part of the world would want customers who would pay them more for what they are offering, so you can't blame the owners. And if we talk about the tenants, those who are ready to pay a higher rent to get the houses, you can't blame them either, because someone who can afford to pay enough to get a good place will always do, they don't need to hesitate because they can afford to rent the place for the demanded amount by the owner.

So who is to be blamed? I would say the system, inflation, that's what is the basic cause of all this. If there was no inflation, buying land and building a house wouldn't cost as much as it does today, and the rental properties wouldn't be so high. So, we should blame the system for this.

honestly having too much property just for the sake of raising income would be detrimental towards the housing prices, the people with weaker economy will hardly own any house while these so called landlord will keep accumulating property, but this honestly can be solved easily by progressive taxation towards the housing ownership.
by then people would think twice whether having property really worth the income or even might instead become liability.
the newer generation does indeed having difficulty nowadays to own a house due to the ratio of their salary to the price of housing in general, therefore they need help.

[pinggoki]

Rentals like any valid revenue should increase the ability for landlords or housing builders to increase their activity.  Usually the shortage of housing is from planning restrictions and just lack of land that can easily be built on.  Supply is restricted by government regulations, sometimes labor and materials.

Dude, it's easy to say to build new houses on properties or lands but you have to consider the expenses of cement and other building materials, cement is a difficult export and if everyone continues to upgrade their properties then there's bound to be a construction material shortage in that certain area.

Regarding short-term rentals, I don't think it's their fault because they're more lucrative to property owners to do that rather than doing a conventional renting property. I don't know if this is a real problem but there are a lot of abandoned towns and ghost towns around the world that could easily house a population the size of a typical city but the government bureaucracy makes it difficult for those ghost towns to become habitable again so in short, I would probably say that improper land utilization of the government is a problem. Another problem I can think of is the image of landlords being greedy freeloading motherfuckers who just happens to own a property and was able to rent it out, removing that said image by being a better person will definitely be a big help in housing problem.

[uswa56]

The Airbnb is a concern for the locals for sure, but only the property owners are making the big bucks. With the provided information I think you work on a company or something and for that you can't move out from that city. If the demand is high then the property owners to make significant changes and rent out the house to people who are willing to live for a long time. Higher payer are always welcomed by them. In a situation like this, people will only focus on those higher paying people.

And who is to be blamed in such a situation? The owners or the tenants? I would say none, talking about owners of the rentals, who wouldn't want to get more money for something they earned and own? Every person doing any sort of business in any part of the world would want customers who would pay them more for what they are offering, so you can't blame the owners. And if we talk about the tenants, those who are ready to pay a higher rent to get the houses, you can't blame them either, because someone who can afford to pay enough to get a good place will always do, they don't need to hesitate because they can afford to rent the place for the demanded amount by the owner.

So who is to be blamed? I would say the system, inflation, that's what is the basic cause of all this. If there was no inflation, buying land and building a house wouldn't cost as much as it does today, and the rental properties wouldn't be so high. So, we should blame the system for this.

For people who run businesses in any field, of course they look for profits from what they have invested.
You are right, for renters they cannot blame the high rental prices because they have invested their money in the house so it is natural that they set the rental price according to their wishes and if the renters have the desire to live in that area of course they will still pay whatever the price is. the rent. During inflation it will certainly be very difficult for anyone because it is very difficult to buy a plot of land because the income they have is only enough for their own needs.

[tjtonmoy]

So who is to be blamed? I would say the system, inflation, that's what is the basic cause of all this. If there was no inflation, buying land and building a house wouldn't cost as much as it does today, and the rental properties wouldn't be so high. So, we should blame the system for this.

I won't blame anyone particularly. If you look at it, we can blame everyone also not blame anyone. For instance, those who are paying high to stay you can blame them. On the other hand, even blame the owner for increasing the price. Also, you can blame those who can't pay high because they are not earning high.
The system has been broken for years. People had the chance before inflation to improve their situation. But they didn't. You can blame them too. As long as the system exist, inflation will keep on happening. In order to get out of this situation we need to improve ourselves. Before we reach the success that we are looking for we need to adjust according to the situation.
As human beings we have learned to evolve and adjust to our surroundings. I mean look around us. Those who are paying high they are somehow earning that right? They have adjusted their selves to their surroundings and has evolved.

We can blame the system for this as they are in charge of controlling the economy and inflation. But if we don't contribute and keep on blaming the system then nothing will improve. If you improve your own economy you can improve your country's economy by contributing to it. In order to live in the society we need to have a system. And it is up to us to fix the mistakes that is going on in the system. I think this is how we can improve the whole situation.