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0 pointszbrozek3y ago0 comments

It's creating liquidity, just not the kind you value. It's liquidity of short term housing rather than long term housing.

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miguelazo3y ago

Liquidity for short term housing is valuable to who? Do you think most people here or otherwise care about speculators? We don't.

tekknik3y ago

Ok, then more accurately it’s moving liquidity. The next question is which is more valuable to society?

zbrozekOP3y ago

The United States is short O(10M) housing units[0], primarily due to anti-construction policies. Airbnb has O(100k) listings[1] in the US. Banning short-term rentals is a 1% solution. That's a policy distraction, not a useful lever to pull.

[0] https://www.theatlantic.com/ideas/archive/2022/11/us-housing...

[1] https://www.stratosjets.com/blog/airbnb-statistics/

miguelazo3y ago

There are plenty of empty luxury condos in every major city. They mostly serve as bank accounts for foreign investors. There's plenty of construction, just the wrong type.

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miguelazo3y ago

Liquidity for short term housing is valuable to who? Do you think most people here or otherwise care about speculators? We don't.

tekknik3y ago

Ok, then more accurately it’s moving liquidity. The next question is which is more valuable to society?

zbrozekOP3y ago

[0] https://www.theatlantic.com/ideas/archive/2022/11/us-housing...

[1] https://www.stratosjets.com/blog/airbnb-statistics/

miguelazo3y ago

There are plenty of empty luxury condos in every major city. They mostly serve as bank accounts for foreign investors. There's plenty of construction, just the wrong type.

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