Housing market was fucked up before short-term rentals became commonplace. They just poured more fuel on the fire. The problem with the housing market is that homes are used as financial vehicles for investment and speculation.
Then regulate them, but I think this is pretty overstated tbh. There are no short term rentals near me, because it isn’t a tourist district, and the housing market is still ridiculous. Likewise, property values in tourist areas have always been absurd.
In reality, there is definitely some overlap, and short term rentals definitely impact the housing market in some places, but it is far from a primary cause of broader housing scarcity.
Short term rentals fucked up the housing market.
Housing market was fucked up before short-term rentals became commonplace. They just poured more fuel on the fire. The problem with the housing market is that homes are used as financial vehicles for investment and speculation.
Then regulate them, but I think this is pretty overstated tbh. There are no short term rentals near me, because it isn’t a tourist district, and the housing market is still ridiculous. Likewise, property values in tourist areas have always been absurd.
In reality, there is definitely some overlap, and short term rentals definitely impact the housing market in some places, but it is far from a primary cause of broader housing scarcity.