Rent of housing in our country is very higher and a common man cannot afford it like a salary of a person is $133 and rent of House is 33$. So it is consider as higher because salaries are not enough to cover the other expenses of House easily.
The houses which have less rent are not suitable for living either there will be no electricity or there will be shortage of gas. A suitable house for living are not less than 33k$ of rent per month and all things are getting expensive due to the inflation in each country.
If a person build his own house then renting on monthly basis will be reduced but building a house is also very difficult as one can hardly manage the house holding activities.
Topic: Are short-term rentals to blame for the lack of housing? - page 5. (Read 797 times)
I have read the side of the argument from the perspective of the tenets but then it is only going to be fair that we listen to the argument of the landlords too. Please note that I am not a landlord I too affected by this but it is not within my control. So, I focus on what I can control just as Poker Player put it, "adapt to the new reality and act accordingly." The Landlords argument is that they make more money that matches the present economic situation from short term rentals than from regular tenants. Short term rentals pay more and it matches the inflation rate and helps the too be able to fuel their vehicles, buy food , and care for their families. Once again as a disinterested party, I would say to the landlords to go get a job.
I understand why landowners gravitate towards short-term rentals; within a matter of a few months, they're generating a larger income than a whole year of renting long-term. It's perfectly understandable that they want to earn as much money as possible from their properties. The issue is that governments didn't take the matter seriously from the start when it was presented, and it quickly got out of hand. A simple example would be strict monitoring and taxation, with the threat of massive fines if their income wasn't declared. That would possibly deter someone from going through the whole process of renting short-term and all the requirements that your property needs as an Airbnb (the necessary equipment, cleaning, and so on).
Residents who continue to increase while housing land is increasingly difficult to make land prices increase, the same thing also has an impact on house rental prices, in my opinion the biggest factors that make property prices including rent more expensive because of conditions that adjust to inflation or investment rates from the owner.
I have read the side of the argument from the perspective of the tenets but then it is only going to be fair that we listen to the argument of the landlords too. Please note that I am not a landlord I too affected by this but it is not within my control. So, I focus on what I can control just as Poker Player put it, "adapt to the new reality and act accordingly." The Landlords argument is that they make more money that matches the present economic situation from short term rentals than from regular tenants. Short term rentals pay more and it matches the inflation rate and helps the too be able to fuel their vehicles, buy food , and care for their families. Once again as a disinterested party, I would say to the landlords to go get a job.
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.
It's mean those people are better than you because they can compete against the locals, if you think earning €700 isn't enough, what about them?
You need to improve your skill in this competitive world, you can't just sit down, scrolling TikTok and wish something miracle you will get promoted to earn higher wage. There's no one should be blame, the strong people will win and the weak people will lose, that's a nature.
You need to improve your skill in this competitive world, you can't just sit down, scrolling TikTok and wish something miracle you will get promoted to earn higher wage. There's no one should be blame, the strong people will win and the weak people will lose, that's a nature.
This is just way off topic. No need to attack OP like that. After all, no matter how competitive you are in this world, there are outside factors that affects how sucessful someone will be. In OPs case, airbnb and the effects of pandemic has indeed affect the system of housing in various, if not all, parts of the world. The demand is high but so is the price.
In the end people keep on blaming the government for their financial inequality which causes them to face some problems in their social life. I understand your feelings - but the government will not be able to change the fate of all its citizens 100% and fulfill all the wishes of its citizens.
At least we are responsible for ourselves rather than depending on government policies that favor us. Of course we can expect the government to be able to solve all these problems thoroughly – but our destiny is our own responsibility. Ultegra134 - governments care about their citizens, but sometimes they can't touch every citizen with favorable policies.
I understand your point, but trust me, I'm not one of those people who constantly blame others; constant whining is something that I hate myself for. I can afford to pay €400 or even more for rent and get by perfectly okay due to the forum and my living with my partner. We'd do just fine; is it ideal to spend more than half of our salary on housing, though? Definitely not. I can present you with numerous cases of government negligence to the point that it's disturbing and criminal. I'm not expecting a government to find the go-to solution for everything, but to at least respect their citizens and assist them in having a proper life, wherever that is possible.At least we are responsible for ourselves rather than depending on government policies that favor us. Of course we can expect the government to be able to solve all these problems thoroughly – but our destiny is our own responsibility. Ultegra134 - governments care about their citizens, but sometimes they can't touch every citizen with favorable policies.
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.
That's actually true; Airbnb is part of the problem, and COVID didn't help either because it slowed down the economy a lot while increasing inflation has made everything extremely expensive, and homeowners are trying to compensate by increasing their rents.It's mean those people are better than you because they can compete against the locals, if you think earning €700 isn't enough, what about them?
You need to improve your skill in this competitive world, you can't just sit down, scrolling TikTok and wish something miracle you will get promoted to earn higher wage. There's no one should be blame, the strong people will win and the weak people will lose, that's a nature.
I believe that you're way off-topic, and you're jumping to conclusions by yourself. You need to improve your skill in this competitive world, you can't just sit down, scrolling TikTok and wish something miracle you will get promoted to earn higher wage. There's no one should be blame, the strong people will win and the weak people will lose, that's a nature.
It's mean those people are better than you because they can compete against the locals, if you think earning €700 isn't enough, what about them?
You need to improve your skill in this competitive world, you can't just sit down, scrolling TikTok and wish something miracle you will get promoted to earn higher wage. There's no one should be blame, the strong people will win and the weak people will lose, that's a nature.
You need to improve your skill in this competitive world, you can't just sit down, scrolling TikTok and wish something miracle you will get promoted to earn higher wage. There's no one should be blame, the strong people will win and the weak people will lose, that's a nature.
For country-level solutions, it's simple, build more! More housing than demand lowers the price making it more affordable.
Do nothing solution and wait, another thing that will work since the law of economics will start biting also, there is an influx of cash to the homeowners, there are people who spend more, thus prices in that region become higher, once the price becomes higher it becomes less attractive for most digital nomads who do this for cheap housing and start moving to the next city.
On a personal level, nothing that you can really do without compromises.
Earn more spend less or move away!
It sounds simple enough, even though that doesn't directly solve the housing crisis, as newly constructed blocks of flats are usually sold for personal occupation and are subject to extremely high prices. There's a block of flats being constructed here as we speak, and all the apartments have already been sold at extraordinary prices for the average citizen.Do nothing solution and wait, another thing that will work since the law of economics will start biting also, there is an influx of cash to the homeowners, there are people who spend more, thus prices in that region become higher, once the price becomes higher it becomes less attractive for most digital nomads who do this for cheap housing and start moving to the next city.
On a personal level, nothing that you can really do without compromises.
Earn more spend less or move away!
That's simply because it's in an area with little supply, and building a little doesn't expand the supply enough to bring prices down significantly.
I think the Airbnb phenomenon has been seen all over the world, and digital nomads is a growing phenomenon as well. If you are looking to rent in a city where prices have gone up because of it, you have several solutions, go further away from the center, and even to towns several kilometers away from the city, or rent something smaller or look for a way to increase income and be able to pay more.
What happens is that you see that your parents were able to pay for a house in a few years in an area of your city that is now considered downtown and where you can't even pay the rent. Well, you have to adapt to the new reality and act accordingly.
I believe that it's too late to intervene, thus, they simply let it be. It certainly is good for tourism but we can't let locals aside, tourism is a great industry I don't believe the opposite, but it has gone out of hand that's interfering the locals negatively.
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.
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.
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. On the one hand, from homeowners' points of view, it's understandable; they want to make the most out of their property, but on the other hand, locals will ultimately be forced to leave the city or live in poor conditions.
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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 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. 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. On the one hand, from homeowners' points of view, it's understandable; they want to make the most out of their property, but on the other hand, locals will ultimately be forced to leave the city or live in poor conditions.
...
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?
Lack of housing is not the issue, lack of funding is the issue. If you have a nation with over 200% houses of what you need, as in there is enough to go around for everyone and then some, and yet only the top buys them all, that results with some people not having a house anyway.
This is why government should always make some houses and rent them for near free levels as well, I know some will yell out socialism because of it, but if half of the world runs in a nation where hospitals, schools, firefighters, police, military and many other things are paid by the people with their taxes, why not have a single government construction company that builds cheap houses in some distant place for everyone to live if they do not have a home.
This is why government should always make some houses and rent them for near free levels as well, I know some will yell out socialism because of it, but if half of the world runs in a nation where hospitals, schools, firefighters, police, military and many other things are paid by the people with their taxes, why not have a single government construction company that builds cheap houses in some distant place for everyone to live if they do not have a home.
Cheap houses are good, but there are costs to maintain and improve them. These broken elevators, dirty yards, poor infrastructure - these are attributes of cheap housing.
Regarding renting - once you lose your job, you may not be able to rent a place - what should you do then?
If you're renting, then having your stable income is advisable so you can still protect your dignity as a renter.
If we are talking here about the lack of housing from the government, then I think its wrong to fully depend on them, there's a lot of private developer in my country and we are already congested and the condo units are rising every year, there's a lot of supply already but the demand is declining, and the result is cheaper rental.
-snip-
In the end people keep on blaming the government for their financial inequality which causes them to face some problems in their social life. I understand your feelings - but the government will not be able to change the fate of all its citizens 100% and fulfill all the wishes of its citizens. At least we are responsible for ourselves rather than depending on government policies that favor us. Of course we can expect the government to be able to solve all these problems thoroughly – but our destiny is our own responsibility. Ultegra134 - governments care about their citizens, but sometimes they can't touch every citizen with favorable policies.
That is true, on a personal level, you need to resolve such issues because the government can't address all those problems.
They can only do so much for its citizens, and the rest is the hard work of its people.
If you think you are not earning enough, look for alternative jobs that can add to your income.
And find ways how you can get out of your situation, like saving or find a low-cost housing. It would take time, but you need to do your work on this.
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.
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. On the one hand, from homeowners' points of view, it's understandable; they want to make the most out of their property, but on the other hand, locals will ultimately be forced to leave the city or live in poor conditions.
For instance, a typical example of how much remote working has spread in Europe and Greece specifically is the following: The official digital nomads Facebook group used to have less than 5,000 users approximately a year ago; now it has over 34,000, which doesn't necessarily mean that all these people live in Greece and work remotely, but I'm trying to emphasize how broader the issue is for locals because there's an increasing interest in short-term rentals. I remember a few years ago, the local newspaper was filled with housing listings, but after the introduction of Airbnb and short-term rentals, this has changed. Not only is there a lack of housing due to the increasing demand and the constantly decreasing supply, but those that are available are too expensive and, in some cases, unsuitable to live in due to how small and improvised they are. My previous apartment was in the basement and suffered from serious humidity and mold issues.
The average rent for a one-bedroom apartment in my area is about €400, which is still far from being perfect or ideal, often lacking basic utilities such as proper heating or a solar water heater, which is a must for the 300 days a year of sunshine we have. I know that compared to other European cities, this amount of money sounds insignificant, but when the average salary is approximately €700, you can wish yourself good luck living alone. No wonder almost half of the population aged between 18 and 25 still lives with their parents.
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?
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. On the one hand, from homeowners' points of view, it's understandable; they want to make the most out of their property, but on the other hand, locals will ultimately be forced to leave the city or live in poor conditions.
For instance, a typical example of how much remote working has spread in Europe and Greece specifically is the following: The official digital nomads Facebook group used to have less than 5,000 users approximately a year ago; now it has over 34,000, which doesn't necessarily mean that all these people live in Greece and work remotely, but I'm trying to emphasize how broader the issue is for locals because there's an increasing interest in short-term rentals. I remember a few years ago, the local newspaper was filled with housing listings, but after the introduction of Airbnb and short-term rentals, this has changed. Not only is there a lack of housing due to the increasing demand and the constantly decreasing supply, but those that are available are too expensive and, in some cases, unsuitable to live in due to how small and improvised they are. My previous apartment was in the basement and suffered from serious humidity and mold issues.
The average rent for a one-bedroom apartment in my area is about €400, which is still far from being perfect or ideal, often lacking basic utilities such as proper heating or a solar water heater, which is a must for the 300 days a year of sunshine we have. I know that compared to other European cities, this amount of money sounds insignificant, but when the average salary is approximately €700, you can wish yourself good luck living alone. No wonder almost half of the population aged between 18 and 25 still lives with their parents.
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?
It's unfair to put all the blame for this problem at the shoes of any one group and it can be an extremely dynamic situation. Short term lets may be the problem with housing in certain cities or smaller areas, but ultimately it is a failure of regulation. In a free market you have to accept that these sort of situations will occur, only by government tweaking the incentives and penalties will you be able to counter this activity. If a landlord can make three or five times the amount from selling a short term let, which they're able to fill up, then that should be their choice but they should pay a much higher penalty if there is evidence that they are distorting the makeup of the surrounding area substantially due to this expensive rental service.
-snip-
In the end people keep on blaming the government for their financial inequality which causes them to face some problems in their social life. I understand your feelings - but the government will not be able to change the fate of all its citizens 100% and fulfill all the wishes of its citizens. At least we are responsible for ourselves rather than depending on government policies that favor us. Of course we can expect the government to be able to solve all these problems thoroughly – but our destiny is our own responsibility. Ultegra134 - governments care about their citizens, but sometimes they can't touch every citizen with favorable policies.
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.
That's nothing compared to buying a used car. I've spent 6 months before I bought one.
When I was looking for an apartment It took me a week and the first one I chose was the one I ended up staying in for another 5 years. Maybe I got lucky.
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My previous apartment was in the basement and suffered from serious humidity and mold issues.
Maybe your problem lies elsewhere... It seems like you simply don't have enough money to live in normal conditions for the area you chose to live in. Let's say you're from Romania and decide to move to Luxembourg. A minimum wage job there, although being much above the Romanian average, will not buy you an apartment. You'll have to rent a room.
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but when the average salary is approximately €700,
Pretty low for a EU country. Most countries here are above 1500 EUR a month. Maybe you mean minimum wage, because that can be 700 net, but I don't know any European country abut for maybe Ukraine and Belarus where average wages are that low, but you said that it's tourist-oriented, so obviously we're not talking about these countries.
Greece's minimum wage is €670 for all-year-round occupations, and the majority of businesses offer the lowest you can get. The average you'd receive is about €750–€800 because the minimum wage is for 40 hours of work per week and most jobs occupy you for at least 48 hours, which is practically 8 hours of overtime work. You can receive a greater salary if you work in the tourism sector, averaging €1000–€1200 per month for approximately 6–7 months at most. Then, you'll receive 3 months of unemployment benefits (€468 per month) until you return to work.
I'm already living with my partner, so we're splitting rent and utilities; however, that doesn't change the fact that €400 for a small apartment is too much when the minimum wage is so little.
Lack of housing is not the issue, lack of funding is the issue. If you have a nation with over 200% houses of what you need, as in there is enough to go around for everyone and then some, and yet only the top buys them all, that results with some people not having a house anyway.
This is why government should always make some houses and rent them for near free levels as well, I know some will yell out socialism because of it, but if half of the world runs in a nation where hospitals, schools, firefighters, police, military and many other things are paid by the people with their taxes, why not have a single government construction company that builds cheap houses in some distant place for everyone to live if they do not have a home.
This is why government should always make some houses and rent them for near free levels as well, I know some will yell out socialism because of it, but if half of the world runs in a nation where hospitals, schools, firefighters, police, military and many other things are paid by the people with their taxes, why not have a single government construction company that builds cheap houses in some distant place for everyone to live if they do not have a home.
Cheap houses are good, but there are costs to maintain and improve them. These broken elevators, dirty yards, poor infrastructure - these are attributes of cheap housing.
Regarding renting - once you lose your job, you may not be able to rent a place - what should you do then?
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?
due to various reasons then it would really be ending us up on a situation on which it would really be that hard to find one.If you do earn less than in a month and paying up rent almost consume more than half of what you earn then it do really leaves you no choice. Despite on having on lacking those common features or necessities of a certain rented out but you would really be needing to deal with it even though it is really that against your liking or preference but since you are earning sufficient enough for living then you would really be that sustaining that despite of the hardship. How much more if you do have your own family to raise and live with?
This is why tons of people are thriving to earn more because on the time that they would be able to make money on huge scale the renting out or even buying your own property wouldnt really be a problem but since we are on the reality side of things on which not all would really be capable on doing so, then we would really be needing to make up those kind of adjustments even though it would really be that hard but since we dont have no choice then lets deal with it.
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.
That's nothing compared to buying a used car. I've spent 6 months before I bought one.
When I was looking for an apartment It took me a week and the first one I chose was the one I ended up staying in for another 5 years. Maybe I got lucky.
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My previous apartment was in the basement and suffered from serious humidity and mold issues.
Maybe your problem lies elsewhere... It seems like you simply don't have enough money to live in normal conditions for the area you chose to live in. Let's say you're from Romania and decide to move to Luxembourg. A minimum wage job there, although being much above the Romanian average, will not buy you an apartment. You'll have to rent a room.
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but when the average salary is approximately €700,
Pretty low for a EU country. Most countries here are above 1500 EUR a month. Maybe you mean minimum wage, because that can be 700 net, but I don't know any European country abut for maybe Ukraine and Belarus where average wages are that low, but you said that it's tourist-oriented, so obviously we're not talking about these countries.
This is why government should always make some houses and rent them for near free levels as well, I know some will yell out socialism because of it, but if half of the world runs in a nation where hospitals, schools, firefighters, police, military and many other things are paid by the people with their taxes, why not have a single government construction company that builds cheap houses in some distant place for everyone to live if they do not have a home.
Government may not build houses for near free but in a subsize level that the rent will gradually be deducted from the monthly payment of workers until the rentage is fully completed and paid for then the house becomes the property of the worker. With such practice, the worker is free from housing problem even at retirement but this practice is fast disappearing because government is failing in her responsibility. Usually the shelters of those agency of government or parastatals you mentioned were suppose to be under the government but for now most of them take care of their shelters, especially in the capitalist economy.
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