Are short-term rentals to blame for the lack of housing? - page 4.

jaberwock

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Quote from: Silberman on August 05, 2023, 12:50:28 AM

The problem is too complex, it is true that companies like Airbnb are part of the problem, however the problem is way deeper than that, due to the high inflation we went through due to the pandemic houses became more expensive and now more people are interested on renting, increasing the demand, however less houses were sold due to the higher prices reducing the supply, and now homeowners want to pay for their mortgage as soon as possible and they need to make as much money as they can while reducing the expenses their properties generate, and when you put the whole picture together then it is clear why this is happening to you and why if anything it could get worse during the short term.

Maybe for us we think they are a problem but for others who are benefiting from it, they think its a solution to their problem. We are lucky to have our own homes but what about the others who don't have? The only thing that they can do for now is to rent or live on the streets like a homeless person.

I think that can cause more problems to the society. Even without Airbnb, pandemic, and inflation, the price of the house are still expensive. They are increasing from time to time, which is why they are one of the best investments. Renting might still be a short-term solution, so renters should try to save and build their own homes later on.

Wimex

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It is certainly unfortunate and reflects a problem that has become increasingly common in many cities around the world, especially those with a tourist appeal and an increase in demand for short-term rentals. . One of the ways to resolve this uncertainty would be for local and national authorities to implement regulations and policies that limit or regulate short-term rentals. Some cities have already begun to implement restrictions on property rentals through platforms such as Airbnb, limiting the number of days a property can be rented to tourists. Another possible solution that I see is that the government and local authorities could promote the construction of affordable housing for local residents. This could include investing in social housing projects or implementing incentives for developers who build affordable rental units.

As for the personal decision of how to deal with this situation, I would prefer to pay for quality housing. Other people may look for alternatives such as cooperation with roommates to share costs or other strategies ... the same whatever choice the person makes will depend on their financial capacity and their personal needs.

shinratensei_

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its just really difficult problem to find out the root of it you see, even short term rental is just one of the factors, but I think the fact that the boomers out there hoarding as much real estate as they can is one of the problem.
they see it as some kind of prospective invesment that they tried to buy plot of lands and also real estate, its just overall what contributes to the fact that the housing price increase a lot linearly over the course of decades and I think this problem needs to be solved.
giving taxes to the ownership of that much real estate and housing isn't sufficient solution to this problem, i think need much more stricter regulation in regards of ownership like that.

Ultegra134

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Quote from: Pierre 2 on August 08, 2023, 11:36:00 AM

I think this an issue only in touristic cities of touristic countries. OP mentions Greece with it, well I am also living at coastal Türkiye which is pretty similar with airbnbs and higher rents. I generally blame lack of new real estate. I think constructors don't have enough benefits to start new ones there is lack of proper housing in desirable cities. This is never an issue within smaller cities I suppose. I have a friebd living in Central Anatolia where housing is not big issue maybe except Ankara... And its capital so I think pretty normal.

You can probably relate to what I'm stating.Turkey also receives millions of tourists and is also a great country for digital nomads due to the relatively low cost of living, at least for outsiders who receive their salary from abroad.

Quote from: dezoel on August 09, 2023, 02:42:09 PM

Well, time changes and so does the dynamics of every business. A few years back, you wouldn't find renting a house an issue because the concept of working from home wasn't very widely adopted and used, and almost 98% of people used to work on-site compelling them to stay within the same city and country for years. But now, as you mentioned, most people work from home which simply means that they carry their workplace everywhere with them in the shape of a laptop.

This work-from-home culture has given people a lot of freedom and that freedom allows them to go anywhere they want, have fun, spend time in different cities, etc. Such people are simply on vacation while they are actually working. So I would say this culture is basically to be blamed for the lack of housing or the increased prices of rentals for locals in big cities around the world.

That's true; technology is evolving, and the world is rapidly changing. A few years ago, we wouldn't have thought that a pandemic would lock us in our houses and enable remote working for a large number of companies. Remote working has minimized borders and enabled people, both locals and foreigners, to work from home and be employed by a company not situated in the same country. Thus, it's not surprising to see a decrease in available housing. The combination of all these factors—AirBnBs, tourism, remote work, COVID-19, and so on—has affected the housing market tremendously, and there's no simple solution to this matter.

dezoel

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Well, time changes and so does the dynamics of every business. A few years back, you wouldn't find renting a house an issue because the concept of working from home wasn't very widely adopted and used, and almost 98% of people used to work on-site compelling them to stay within the same city and country for years. But now, as you mentioned, most people work from home which simply means that they carry their workplace everywhere with them in the shape of a laptop.

This work-from-home culture has given people a lot of freedom and that freedom allows them to go anywhere they want, have fun, spend time in different cities, etc. Such people are simply on vacation while they are actually working. So I would say this culture is basically to be blamed for the lack of housing or the increased prices of rentals for locals in big cities around the world.

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Quote from: Peanutswar on August 09, 2023, 06:52:37 AM

In this, people want to use their extra assets or houses to use as a rental and there's nothing wrong here. Some of them have this already, and instead, the house not use better to use for the rental, so there's still a cashflow on it, Here in the Philippines some of people use those rentals because its more convenient they don't need to pay a lot of things like the taxes made by the house and if you are focusing with the long term goal you can dream your own house it's more convenient than not having a house. In some point to those people use their house for bnb its ideal only for the houses near in the top places could be known, near in city for the tourist attraction and have a nice view in just a short time frame they can earn more than the people who are employed in regular basis. They are using the house rental for a good cashflow there's nothing wrong with it.

Maybe in a way, there is nothing wrong with it. It is after all more convenient and cheaper to rent than to own. However, having a house guarantees a place you can stay in once you decided to retire. You wouldn't have to worry about monthly fees once you settle all the costs you need to pay by owning a house. Moreover, having a house and lot is an asset you can rely on when everything goes south and you need the money. Rentals are fine, but they also do affect the lack of housing in a way as they could have been places for permanent home.

slapper

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Quote from: DeathAngel on August 09, 2023, 05:01:49 AM

Short term rentals are one thing that contributes to the lack of housing but they are not solely to blame. They can limit available housing stock in popular areas, other factors such as population growth, limited construction & financial challenges also play a role. It's important to consider the overall housing ecosystem when addressing this issue. Solutions could involve balanced regulations that encourage both short term rentals and long term housing, incentivising construction & promoting affordable housing initiatives to ensure everyone has a place to call home.

To top it off, short-term rentals impact how people live, right? But blaming them alone would be like blaming the rain for a terrible day. However, forgetting an umbrella or wearing the incorrect shoes can ruin a day even if it rains

Still, population increase resembles baked bread. Sometimes there's a lot, sometimes not, so we adjust our plans. Another remarkable thing about this bread is its poor construction. Maybe the oven is too small? However, money troubles are like not having enough change to buy that loaf of bread. To digress, you're right that the housing environment must be considered

Your point about fair rules is like Goldilocks: not too hot, nor too cold. Just the appropriate strategy is needed. Giving a baker the correct tools and products may inspire them to bake. Affordable housing is like providing bread to everyone. Still, why bread? Apples or oranges? Why not? Your argument about giving everyone a home stands out among all these convoluted thoughts and bread metaphors

Peanutswar

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In this, people want to use their extra assets or houses to use as a rental and there's nothing wrong here. Some of them have this already, and instead, the house not use better to use for the rental, so there's still a cashflow on it, Here in the Philippines some of people use those rentals because its more convenient they don't need to pay a lot of things like the taxes made by the house and if you are focusing with the long term goal you can dream your own house it's more convenient than not having a house. In some point to those people use their house for bnb its ideal only for the houses near in the top places could be known, near in city for the tourist attraction and have a nice view in just a short time frame they can earn more than the people who are employed in regular basis. They are using the house rental for a good cashflow there's nothing wrong with it.

Inwestour

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Quote from: Pierre 2 on August 08, 2023, 11:36:00 AM

I think this an issue only in touristic cities of touristic countries. OP mentions Greece with it, well I am also living at coastal Türkiye which is pretty similar with airbnbs and higher rents. I generally blame lack of new real estate. I think constructors don't have enough benefits to start new ones there is lack of proper housing in desirable cities. This is never an issue within smaller cities I suppose. I have a friebd living in Central Anatolia where housing is not big issue maybe except Ankara... And its capital so I think pretty normal.

In tourist cities, real estate is always more expensive, especially in those where the tourist season lasts for a certain period, because at other times there are few people who want to rent this property. Thus, they need to secure such an income for themselves that it is enough to maintain this housing, and to make a profit from this.

In big cities, everything is different, real estate prices are dictated by the market, the more competition, the more affordable housing will be for rent.

CODE200

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I don't think it's the cause, more like the increase in population and increase in speculation in real estate that's causing the lack of housing, with more people out there, it's guarantee that we will lose more space since it should be distributed. Regarding speculation, with more people buying property hoping it goes up in prices ends up with less available space since they will hold on to that piece of land that don't house anyone 365 days which leads to less housing for more people. Rentals are a problem too but they still provide housing for more people compare to those who buy properties only to build mansions.

DeathAngel

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Short term rentals are one thing that contributes to the lack of housing but they are not solely to blame. They can limit available housing stock in popular areas, other factors such as population growth, limited construction & financial challenges also play a role. It's important to consider the overall housing ecosystem when addressing this issue. Solutions could involve balanced regulations that encourage both short term rentals and long term housing, incentivising construction & promoting affordable housing initiatives to ensure everyone has a place to call home.

n0ne

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It is universal that the house rentals at the high around the tourist region/cities. House owners will always try to make the best out of it, because for most of the people residing in those locations their lives were dependent on tourism. Those are like seasons, for some time period they'll have good business and for the rest of the year they need to manage with what is being earned earlier.

Housing costs have increased and this is not just because of the short -term rental service providers. The rich ones were also part of it. Nowadays gated communities were the demanding one among the rich people. On the price order the rise in the value of gated properties will surely have atleast small impact over the small properties around the region.

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Quote from: slapper on August 08, 2023, 04:30:32 AM

Quote from: KiaKia on August 07, 2023, 02:21:21 PM

There is no room for tourists in my city, or country? I can't see what's happening in other states, I can only talk about what's happening around me, Some apartments are for the rich, and some are manageable for those who are just starting a family, it all depends on how much you are making.

There is a state in my country that is mainly targeted for tourism and businesses, Housing is very high in that area, and it's expected because of how money is flowing into the state economy every day, you just have to relocate if you can't afford your house rent, find another state with lower house rent.

It's better and more convenient to build your own house, it can be frustrating at times when you trying to move into a new apartment, the cost and also your business will be affected.

It's quite the situation you're describing in your region, indeed, very apartment-centric, isn't it? There's an interesting fluctuation between rich and, uh, those starting families. Your comment about the tourism, or lack thereof, it's particularly intriguing and also somehow related to the housing market. Yes?

Building one's house is a good idea. Although, with the inconvenience and maybe the cost, it could also be an opportunity to, you know, avoid those high rents. Despite the possible inconvenience, constructing a house is like playing a game; you've got to know the rules and maybe win

The state with the high economy - money flowing - and housing costs, it's just another piece of the puzzle, or something like that. Relocation could be the key, as you rightly said. But isn't it the same everywhere? Or maybe not, and that's what makes it unique?

And this is where those squatters would really be molded up if there's lacking with those kind of rental or people cant really be able to find out place on which they could really be able to live with.Its a normal approach

does come with normal solutions or ways or methods by people.This situation is totally do depends on a certain country and same as you said that this one is really that apartment-centric on which tons of business owners do really that putting up a focus much with these type of businesses on which it did really result that they do have the rights and preference on setting out those high rentals since its business and for those who cant really be able to afford? They would definitely be finding out places on which they could really be able to build their own house but those are just that cheap made one and this is why i did mentioned
about those squatters which you might be seeing somewhere. Economic problems comes worst if there would be no proper control of these things and it would really be creating out that kind of imbalances.

Pierre 2

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I think this an issue only in touristic cities of touristic countries. OP mentions Greece with it, well I am also living at coastal Türkiye which is pretty similar with airbnbs and higher rents. I generally blame lack of new real estate. I think constructors don't have enough benefits to start new ones there is lack of proper housing in desirable cities. This is never an issue within smaller cities I suppose. I have a friebd living in Central Anatolia where housing is not big issue maybe except Ankara... And its capital so I think pretty normal.

19Nov16

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Property values such as land, houses and apartments will certainly continue to rise in population that continues to increase, cities that are increasingly crowded and high levels of congestion are an indication that the land in the city is expensive, it is natural that renting a house is also more expensive, the best solution rather than renting a house for the term Length is buying land in the suburbs which of course the price is not too expensive.

slapper

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Quote from: KiaKia on August 07, 2023, 02:21:21 PM

There is no room for tourists in my city, or country? I can't see what's happening in other states, I can only talk about what's happening around me, Some apartments are for the rich, and some are manageable for those who are just starting a family, it all depends on how much you are making.

There is a state in my country that is mainly targeted for tourism and businesses, Housing is very high in that area, and it's expected because of how money is flowing into the state economy every day, you just have to relocate if you can't afford your house rent, find another state with lower house rent.

It's better and more convenient to build your own house, it can be frustrating at times when you trying to move into a new apartment, the cost and also your business will be affected.

It's quite the situation you're describing in your region, indeed, very apartment-centric, isn't it? There's an interesting fluctuation between rich and, uh, those starting families. Your comment about the tourism, or lack thereof, it's particularly intriguing and also somehow related to the housing market. Yes?

Building one's house is a good idea. Although, with the inconvenience and maybe the cost, it could also be an opportunity to, you know, avoid those high rents. Despite the possible inconvenience, constructing a house is like playing a game; you've got to know the rules and maybe win

The state with the high economy - money flowing - and housing costs, it's just another piece of the puzzle, or something like that. Relocation could be the key, as you rightly said. But isn't it the same everywhere? Or maybe not, and that's what makes it unique?

KiaKia

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There is no room for tourists in my city, or country? I can't see what's happening in other states, I can only talk about what's happening around me, Some apartments are for the rich, and some are manageable for those who are just starting a family, it all depends on how much you are making.

There is a state in my country that is mainly targeted for tourism and businesses, Housing is very high in that area, and it's expected because of how money is flowing into the state economy every day, you just have to relocate if you can't afford your house rent, find another state with lower house rent.

It's better and more convenient to build your own house, it can be frustrating at times when you trying to move into a new apartment, the cost and also your business will be affected.

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Quote from: Joshapat on August 06, 2023, 08:02:03 AM

The presence of a daily house rental application including airbnb is of course a positive thing for homeowners, I have also rented a house for airbnb and the results were satisfactory, even when there was covid 19 in my country 3 years ago the daily rental business was still good, and this certainly made an even bigger impact expensive rental house.

I live in a country that does not support global payment cards and therefore does not support airbnb services. In this context, I would like to ask if there are people around the world who depend on airbnb for permanent housing. As far as I know, these services are mainly for recreational tourism purposes, which explains the high rental prices. On the other hand, this will certainly affect the rental prices in general, which contributed to the emergence of other types of services, such as a group purchasing a group house without any of them having a relationship with the other.
This is one of the most interesting topics and I look forward to following it.

AnonBitCoiner

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A little bit right as those individuals who are going to office for their work are very punctual because their timing is fixed but those who are doing online jobs can complete the task anytime at a day. It is also consider as a benefit for online workers because they don't have to go outside from the home and are free to do from anywhere they wants.

One thing is natural that if abundance of work comes on one's shoulder and time is limited then everyone will become efficient so it also sometimes related to the sort of duty and task.

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Quote from: EarnOnVictor on August 05, 2023, 03:23:48 AM

Well, you said you believe is too late, but it doesn't translate to the fact that it's actually too late, it's just your own belief. That's why I now repeat that it's not too late, there is no problem without a situation but the question is whether the government and the citizens are willing to give a solution and be patient with it and whether they even have the solution at hand which is the most important part.

The issue citizens are facing in many countries is either the bad policies of the government or their inactions when they suppose to act. But it's never too late if they can go back to the drawing board and get it eased, it will only take time. Yours is not the first.

If we expect a solution from the government in this case, then we must be patient waiting for the solution that will be provided by the government, as far as I know, if the government is going to issue a solution, of course they need to conduct an assessment of the impact that occurred before and after the solution was given. Blaming the government in this case will not have any impact on us It's better if we try for ourselves what is our responsibility.

Topic: Are short-term rentals to blame for the lack of housing? - page 4. (Read 797 times)