48 sats \ 3 replies \ @Satosora 3 Aug \ on: Valencia Joins Barcelona in Crackdown on Airbnb-Style Rentals econ
Mass tourism negative impacts?
Isnt their economy built on tourism?
Isnt this just protecting the hotel chains instead of figuring out a solution to the problem of housing shortages for tourists?
yes, the protection of the hotel industry is clear. but of course these short-term rentals take away living space. However, the problem here in Europe lies elsewhere: potential house builders are deterred by over-regulation and high taxes. This really does make living space scarce
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How many people actually live there?
If they lived there, they wouldnt be renting their houses out.
Its just an investment opportunity for most people.
Hotel chains could put up more buildings, but they dont want to.
They just want to keep it artificially scarce so they can charge a higher fee.
Premium service.