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41 sats \ 2 replies \ @Undisciplined 3 Jun \ on: Is airBnB really to blame for Spain's rental crisis? econ
I recall someone bringing this issue up wrt mainland Spain.
First, it's an entirely plausible hypothesis. Markets efficiently allocate scarce resources: so, if a particular location is great for tourism, that's where markets will direct resources.
Second, I suspect this has far more to do with restrictive building regulations. If it were easier to develop real estate, prices would be lower.
do you think airbnb should have carte blanche or should they get slapped with regs like in some of the US states?
course, if the gov allows a ton of the real estate supply to be bought by foreigners as well, wiuthout building new units, they are kind of contributing (but when arent they lol)
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I think property owners have every right to contract with Airbnb to decide who stays in their property, unless they've agreed not to through something like a home owners association.
Yes, people should have "carte blanche" to engage in voluntary transactions.
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