Time to solve the housing crisis...

You don't need to ban them, just make them meet the same regulations on safety and zoning that regular hotels have to

what about not allowing companies to buy hundreds of houses as rental property?

Good. Sorry to every mom and pop who treated housing like an investment, but at least you still have the house. Hope they slash the market 90%. Hope everyone who's been waiting for a decade gets a place to live. Hope opportunistic landlords choke and go bust when they can't pay three mortgages on their tenants' salaries anymore. Housing is a human right.

How about we ban companies like Blackstone from buying up all the auction homes, lightly flipping them and then putting them back on the market as overpriced rentals?

They're a big reason for our housing shortage.

It's bizarre. My house makes as much per year as I do.

This is less a meme, and more a screenshot of an article

Now if only they would stop framing the dropping of home prices as a bad thing.

Don't attack the homeless, attack the lack of homes.

If you think banning Airbnb is going to solve the housing crisis outside touristic spots, I think you might be in for a rude awakening.

Gotta build more, specifically denser, and at a large scale. Probably lots of rentals with landlords not in it for profit, think Vienna-style.

Is this what responsible governments do? I would have figured that Airbnb and the gamblers investors in the housing market would have bribed lobbied hard against this.

I don't like AirBNB and still think they should be banned, but not sure that what the graphic is stating has really panned out in Palm Springs.

According to Redfin, median Palm Springs home sale prices had appeared to drop by about $200k in Sept 2023 (to around $500k), but within two months they were right back close to where they had been before. They're sitting at about +18.4% year-over-year for median home sale prices. Given that alot of the properties for sale still appear to be in the millions, I'm not sure that they're representative of what we see in the rest of the country. There may be other data points out there that paint a different picture, that's just the first thing I looked up.

I only just now noticed that the AirB&B logo looks like a vagina with balls

I was recently in palm springs, and not only is it among the shittiest-vibe towns I've visited, with some of the worst restaurants I've been to anywhere in California, I saw a depressing, near windowless, one-story home with no yard for sale at $3M. Their market made absolutely zero sense, I feel like this was inevitable, especially after speculative building during the pandemic.

Did sites like VRBO for vacation and large house rentals exist for AirBnb? I didn't really book those at that point. While I agree airbnb should probably be replaced by hotels (like in the past) was there a way to rent a large living space for a group pre-airbnb?

La times article about it (may be a pay wall) https://www.latimes.com/california/story/2024-01-23/palm-springs-capped-airbnb-rentals-now-some-home-prices-are-in-free-fall

This seems like a good thing. 1.5 million dollar homes aren't selling well? Maybe cheaper homes or apartments will have better mass appeal.

Omg, best news story of the day. This brought me a shit ton of joy.

Was there no housing crisis before AirBnB?

You can ban the company, but you can't ban the concept (which has been around forever)

Same thing happened in Vancouver with people’s utility closets when it became illegal to rent out utility closets short term (already was illegal long term)

It didn’t help home prices but the million dollar closets became worthless

While I have little doubt that AirBnB contributes to the housing crisis, it is not the sole or biggest cause.

Do people really think that AirBnB invented short term rentals?

Gorgeism would solve this

I still think that instead of banning perfectly valid use cases of housing to lower prices (forcefully decreasing demand), we should focus more on just building more stock to satisfy all needs?

And before someone says "we can do both!" we aren't. The majority of attention is going to things like this, and corporate investment (which is valid, tbh).

Fuck yes, give me more price discovery absent speculation