41 sats \ 2 replies \ @TomK OP 3 Aug \ parent \ on: Valencia Joins Barcelona in Crackdown on Airbnb-Style Rentals econ
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
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.