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I think it can be generally said that the US and their success stories are a force for the bad in the world.
Funny how if you remove all landlords no one loses their home.
People who can no longer afford their mortgages would disagree with you.
Fuck landlords bitch.
People who can no longer afford their mortgages because they suddenly can’t leech of off working people can go fuck themselves.
They should find a job
Build. More. Homes.
We used to have enough, and then in the late 70s, early 80s they decided that if they didn’t build enough, then they could make housing scarce and therefore more valuable. A big long-con, 40 years in the making.
Housebuilders would make more profit per home. Homeowners would have more wealth (even if they can’t access it). Inheritance taxes could take more of a bite. Landlords could charge more. Retirements could be funded entirely by buying 2-3 houses and renting them out, and then cash in later on the full value of those homes when they’d gone up by double the interest rates.
They don’t have to be amazing homes. They don’t need an acre of land to sit on. They don’t need three bedrooms. Kitchen, bedroom, bathroom, living room. Affordable on a quarter of a single person’s minimum wage income.
We already have enough homes, it’s just that too many of them are owned by Black Rock and similar companies.
I thought investment companies didn’t own that many, but just enough to bump the price too high. Like they influenced the market. Now developers are building in the hopes they get bought by the investment guys.
you just have to make sure that the new houses aren t bought by landlords…
You have to realise that landlords aren’t the plague. They’re the buboes. A symptom.
If you can take your spare money (a concept from days gone by, I know), buy a house for X, rent it out for Y a month, then finally sell it in 20 years for Z, and be 99.99% guaranteed to make more money from it than you can from pretty much any other source, then why wouldn’t you?
Remove the incentive for that (homes that don’t go up by more than the inflation rate), there will be no need for them to exist.
But in any case, the size of the building projects required would likely be government level anyway, and they can be the “landlord” for anyone not wanting to buy. This was called council houses in the olden days, before Maggie Thatcher killed that.
I realize that not all landlords are to blame, just the greedy ones. There are way more of those.
While I understand your point, I don’t think I fully agree with it. If house prices are connected to inflation, what is there to stop somebody from buying a house and renting it out. The rent money is used to buy a second house and so on. The price of houses will go up, and so will the rent. But the houses themselves were bought at a lower price, so house prices going up would not have any influence on the landlord. In the meantime the rent keeps going up, reultiyin more profit in the end.
Now of there would be a taxation based on actual worth of a person. And the amount of taxation is based on the minimal income in a country…
Maybe a bit farfetched and I do not know if I explain it in a way that I get my idea across.
If house prices were directly connected to inflation, there would be no issue.
But they run far above inflation. This is what gets a pack of landlords involved.
There’s a point where putting your money into a basic stock market tracker gives a better return than landlording. That’s when they go and do that instead. It’s a lot less up front investment, and a lot less risk.
It’s mostly the spiralling house prices that attracts the landlord class, not the rent. The house is making money even if there’s nobody in it. Rent is just the icing on the cake. Right now they just cannot lose.
The landlords aren’t doing anything wrong, if the market price is too high you have to increase supply it’s that easy.
I know at least one city in France taking measures to severely limit Airbnb, because it’s becoming a ghost town and people who actually work there can’t find anywhere to live. The housing situation in the area is terrible.
Good for them. I already can’t stand “professional” landlords that get into the business of shitting over places people need to live to maximise profit. Those who are taking over those spaces to turn them into fake hotels without the constraints are the lowest of that scum.
Weird way of asking for 5 stars, but ok. /s
Airbnb used to be great… I could rent out a spare room and make a bit of cash. Then the developers, and the people who weren’t responsible enough to be landlords had to make houses that were all AirBnb.
Why don’t these places vet Airbnbs instead of straight banning it. Owner occupied dwellings should get a pass.
I remember when it was about renting your place for a few days when you were traveling
Do those rentals still exist?
Air bnbs are a cancer. You should be ashamed of yourself if your buying property then renting it out. With what they charge they are able to pay tge mortgage in 3 nights
Source?
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This is the bullshit that allows this kind of game. Hate the player, hate the game, and hate the observer with a dumb fuck outlook.
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Fuck me, for self-proclaimed coward you are unbelievably smug. Don’t you consider that a “better” life also means being able to take pride that the way you move through the world doesn’t actively harm others. Just awful.
Sorry, but I couldn’t live with myself if I made my outcome better by hurting others.
And I’m a combat vet. I’ve learned through my mistakes what I’m willing to live with on my conscience. It’s guided who I’ve become since then.
If you’re willing to give up your morals, ethics and self-consciousness for money, then I’d like to get in an octagon to teach you the difference between me and you.
You were a combat vet invading someone’s country for personal gain and fuck knows what other fucked up shit you did, you cant say shit about not hurting others
I also delivered school supplies to Iraqi children, you cunt. It’s not all black and white.
You are a combat vet? And you are here criticizing people for renting and teaching about morals? Holy molly, people have weird values.
I was misguided, but had virtuous ideals at the time. I’m not defending the evils in the world anymore. Unlike this person who is trying to justify being evil at this moment.
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What you’re saying is akin to Jews that were selling out their peers in Nazi concentration camps. Because you’re just playing the game you’re in, right? That’s not your fault, right? You’re excusing doing horrible acts for personal survival. You’re no better than any Nazi trying to excuse their horrible choices during the Nuremberg trials.
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That’s a pretty short term view you have there. Good luck.
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That what the billionaire says when I tell them how bad their private jets and yachts are for the environment.
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Funny how we vilify those who are renting it out, but not those that are renting. Its the scalper argument all over again. Blaming the seller, but not the buyer who creates the market. If no one rents, then no one is going to buy to set up an airbnb.
And this is why governemental regulation is the only way and why capitalism has its problems: Capitalists blaming the consumenr for the existing market. People will use the offer the capitalists create for them if it is convenient for them and they draw an advantage from it. Of course you can always blame the consumer, and protect the guy who out of pure compassion creates a market that destroys our world even faster. But hey, at least someone profitet from it in the meanwhile.
What about induced demand?
I’d agree with you a lot more if AirBnB wasn’t a lot cheaper than any hotel or other travel accommodation. A town that relies on tourism might be different, but in the USA I save about $100 and get a more private place to stay.
Be better.
That’s the struggle every day, Pooptart. Every day; and in a system that doesn’t want me to.
Then who are you? Do you even know who you are as a person if you don’t have the ethics to make a stand? Do you just meh all over your morals? Just give up on everything you believe? Or is it that you don’t have morals, and you’re just making excuses?
Oh yeah. Here I’m just a silly little installation wizard who contributes here attempting to be meaningful and provide conversation nuggets. In real life I’m playing that balancing act between ethics, my resources/influence, and trying to not burn out.
I’ve done plenty of things based off of morals without it being the “smart” or most personally beneficial decision. AirBnB just isn’t one of those due to how much I can save and put towards local restaurants, bars, and tipping when I finally vacation. I also don’t trust hotel corps to use my money ethically, and have used an AirBnB maybe once a year on average. I’m hoping I can have another actual vacation soon since it has been 4 years.
Also, I strongly believe that my responsibility is taking care of my wife and family first, then community/political contribution.
What about you? Where do you stay when traveling where there aren’t friends or family?
I don’t travel. Like, at all. The most I travel is the 20 miles it takes to get my kid from his mom’s house. I don’t need the luxury of burning CO2 and ruining the housing market to have a good time.
They banned airbnb in victoria bc last year and rent here has actually went down. From this one single change.
But the land lords told us Airbnb doesn’t effect rental prices and actually let’s people afford homes!
lol who said this
The people letting AirBNBs!
Okay, but who. I want the name of a specific person or organisation and a link to where they said that. Because it’s such a stupid statement that I’m not going to just take someone’s word that someone was dumb enough to say it or thought people would be dumb enough to believe it.
oh boy, do I have some bad news for you about the stupid shit people believe
It was all over the BC online forums when the province banned short term rentals outside primary residence.
There were op eds, bad studies, lying companies etc. Here a few from quick internet search
A crappy study trying to gaslight people. This was all over. https://www.biv.com/news/real-estate/airbnbs-dont-cause-residential-rent-increases-conference-board-8273746
Air bnb makes the argument they aren’t responsible https://www.airbnb.ca/e/closerlook
Arguing it lowers costs https://news.ncsu.edu/2024/10/airbnb-and-housing-costs/
Thanks
Sorry, I thought you were joking and was playing along!
What happened is the province made short-term rentals only legal for primary residences and secondary suites.
That sure helped some, but you can still find airbnb/vrbo listings in Victoria.Yeah it freed up entire apartments is what helped. I was able to BUY my own condo due to a slight correction in prices partly thanks to this policy
I bet someone would have outbid me and made it into an airbnb if not for this policy
Reducing rent prices was the plan and to be honest, the obvious outcome when demand goes down.
You can also buy one of these tiny former airbnb studio condos for like 20k cad down if you are desperate. Good way to enter the market if that’s all you can come up with. They are all sitting on the market and you can lowball.
Link to condo purchase place?
Just go on realtor.ca and look for 0 bedroom 1 bath units
20k down will get you into a <400k condo that will be like 2/3 the cost of what rent would be
However I would be concerned it’s a hard sell in 5 years when you want to upgrade. I know a lady who lives happily in 400sqft but I couldn’t.
>0 bedroom 1 bath
the fuck
I live in a small CA mountain town that was “the only town open” during COVID, and as such, Airbnb went apeshit. Well the market got oversaturated and now with people trying to offload these properties or rent them out to long term residents , and shocker, rents are coming down (along with home prices). We still have yoyos trying to get $4k/mo for a 2/1 piece of shit because I’m guessing they’re upside down on their mortgage, but those properties have been sitting on the market for at least 6mos. I have zero empathy for the people that bought high and losing their asses because they wanted to make it rich at the expense of our local population.
I live in Florida and we had an influx of people. Mainly due to Florida not shutting down during Covid. I traveled to Puerto Rico during that time and they were shut down. Most of the Bahamas Islands were shutdown as well.
My wife and went on our honeymoon in 2022 to Puerto Rico, and it was honestly pretty lax. We were on the west side in and around Rincon.
Canmore?
Hahaha fuck I miss old Canmore
Probably should’ve specified California lol
Throwing darts over here, Pinecrest?
Much further south, I ain’t Uncle Rico
From what I heard from my brother, he lives in Barcelona, they are banning bnbs and short term rentals. In order to combat this problem.
That’s great for them. But I live in the capitalist nightmare that is the US. I’m one generation removed from being able to go back to Norway or Sweden. It’s like being imprisoned in a hellscape at birth.
For more details: https://www.euronews.com/travel/2024/07/22/the-end-of-airbnb-in-barcelona-what-does-the-tourism-industry-have-to-say
I live here ([email protected]), the mayor who announced the decision made it so that it would applied after the end of his tenure (that will end in 2027, the decision is supposed to happen in 2028)
The other issue is that even besides tourism, Barcelona is a very attractive city for Spanish people due to the work opportunities, and there is definitely a lack of supply for the housing market. Getting back the Airbnb would help with the mass tourism (which is an issue of its own), but the housing crisis might still be there for a while.
So it is the same as in the rest of Europe with a helping of mass tourism so similar to Amsterdam and Paris.
It’s a bit different, Amsterdam and Paris are touristic destinations, but not to the same level as Barcelona.
By absolute numbers, Paris has obviously more visitors (22 millions vs 13 for Barcelona and 10 for Amsterdam), but Paris is much more populated than Barcelona.
Also, the type of tourism is quite different. Amsterdam and Paris are more expensive, while Barcelona is still seen as a cheaper destination, which brings a different type of crowd. On the same topic, the average level of income of the people living in Barcelona is quite lower than people living in Paris or Amsterdam, making it even more difficult for people living in Barcelona to compete against either tourists or “digital nomads” coming here to work without paying taxes locally.
Sources
No I get it is not the same but the problems are similar. Too many tourist in a city with too few houses and apartments that are now being used as bnbs.
Yes indeed. I think in Europe the worst is probably Lisbon, that has basically been overrun by foreigners, but that’s a common phenomenon in all major cities.
that has basically been overrun by
foreigners, greedy real estate investorsThere, FTFY
Greedy real instate investors bought everything there because there was a demand from non Portuguese people with much higher salaries than the locals.
You don’t see that type of phenomenon in random towns in the Portuguese back country
I did know about Lisbon. I remember hearing the Swiss canton of Vaud had around 60% of it’s population was foreigners. Which resulted in the local Swiss no longer being able to afford any form of housing anymore.
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I’ve never understood the appeal of AirBNBs, letting complete strangers stay at my house sounds like it’d be an absolute NIGHTMARE.
It’s not people’s houses anymore. It’s all property investors.
What I don’t get is why the people of Barcelona want tourists out. That’s such a dumb knee-jerk reaction imho. Tourism is not the problem. In fact it’s a major revenue for the city. They could use it to build affordable housing for locals. The government could put a cap on rent and similar restrictions on whatever Airbnb arrangements. If it’s not more profitable to give out one’s property for short term rentals then the trend will fade. If someone can explain the current anti-tourism stance as opposed to a push for alternative measures I’d appreciate it.
Because the people making money are not the people living there.
The government could put a cap on rent and similar restrictions on whatever Airbnb arrangements.
Not easy. They tried but don’t have the authority. I think they managed for home long term rentals but not as aggressive as before.
The revenue from tourism is limited to the city. Most rentals are owned by large foreign companies, so profit goes away. Clearly not enough to pay for extra housing (one airbnb house taxes can’t pay for a full new house).
Also, they are pushing away people who lived there, as the neighborhoods are focusing on tourists more and more (again, foreign investment firms who don’t spend back in the city).
I used to live 25 min walking to Sagrada Familia. 8 years ago there were usually no tourists or stores focused on tourists. Now it’s a very common place for tourists to stay, and prices show it.
Hello,
Not sure if you’re still in Barcelona, but there is [email protected]
I’m guessing all those things that could and should happen are not happening because of greed.
Shouldnt have sold your home to a parasite corporation then, doesnt sound very anarchist to me. Then gets angry and enshittifies their city with spraypaint, people from barca aren’t the brightest bunch.
Are you lobotomised? Obviously the author doesn’t own the house duh
Spain is cracking down on this according to a local when I was there recently.
On Airbnb or the garfiti?
garfiti
I choose to interpret this as referring specifically to Garfield Grafitti.
Airbnb
This feels like misplaced anger, given that blackstone owns god knows how much of the real estate market ( and have recently been evicting tenants in order to sell, due to the city becoming ‘less hospitable’ ). But hopefully the new anti airbnb measures have some effect.
In Barcelona?
Not everything is solely an american issue, even (especially) when it comes to US companies.
Doing some minimal research, it does appear as if they are trying to take over the world: https://archive.is/ZQBz3
It’s kind of what they do… I wouldn’t assume safety because of borders or local rules and regulations. Those don’t stand up against billions of dollars and a determined evil company.
Classic Lemmy where someone says “not every is American” in response to an issue that actually does apply to them
I don’t think it’s misplaced, but even if it’s not the biggest piece in the puzzle(I honestly don’t claim to know) it’s still a valuable piece, one might even say it’s as valuable as an edge of corner piece of the puzzzle
It never ceases to amaze me how people get get so brainwashed on xenophobia and hating tourists when its their government at fault.
Edit: Well looks like 18 lemmy users didn’t read the news. Locals in barcelonia were literally harassing tourists with water-guns, instead of actually protesting against their government.
Its about the cost of living and lack of affordable housing when companies buy up or build new places just to rent them out on airbnb, that’s why it says it used to be their home. Nothing to do with tourism or xenophobia.
Looks like someone didn’t read the news.
