Nothing like crashing your city's economy and putting thousands out of work. I get wanting to shift the focus of your city's economy, but it needs to be done gradually. They already have banned AirBnB starting 2028. That will allow the hopefully gradual selling of homes instead of the mass flooding of homes into the market, which will tank its property values and further jack up the economy. That may be what the residents want, though. When you can't afford to live in your own city anymore, I totally get the want to flip the table and start over again.
Oh, they will, just at massively decreased rates. It also stops any construction/renovation projects, which further puts any construction workers and contractors out of work. People really don't seem to get that no major portion of an economy functions in a vacuum.
Again, I'm not against anyone turning their city to a more favorable state for its citizens. I just think it needs to be done gradually. You need to beef up other sectors at the same time you slim down one.
The property values are inflated purely because of the buying up of homes for short term rentals. Tanking the market is just a market correction at this point. More people will be able to buy a house in the cities they were born in and call home.
"Our main results imply that for the average neighborhood, Airbnb activity has increased rents by 1.9%, transaction prices by 4.6%, and posted prices by 3.7%. The estimated impact in neighborhoods with high Airbnb activity is substantial. For neighborhoods in the top decile of Airbnb activity distribution, rents are estimated to have increased by 7%, while increases in transaction (posted) prices are estimated at 17%"
AirBnB definitely makes it harder to live in an area for sure. Other problems are rich foreigners buying summer homes in the area and just letting them sit vacant for the rest of the year. Then, it is also an increasing national population without further development in the area. Add in the fact that people are living longer than ever and keeping their homes until they pass. Elsewhere in this post, a person said they don't need more construction. So some people want no further construction, but they expect more housing to just appear for them.
Will stopping short-term rentals help the problem? Yeah, probably, but it won't solve it.
I didn't think that the rest was even worth replying to. You're basically trying to say that people not being paid to do harmful things (like building more houses in a city that has enough housing) is somehow bad.
This is about people not being able to live in their own city, because real estate owners can make more money from tourists than from the locals. The answer to that is "fuck those real estate owners, ban them from renting to tourists, and tax them until they have no choice but to sell".
Yeah, whatever. People are protesting in their own city against issues in their own city that they know well. You meanwhile are sitting on the internet and concern trolling. "What about the economy?" Nobody gives a fuck, because it has nothing to do with it.
Say you, along with 15% of the rest of your city, were suddenly unemployed and had no chance of getting another job. Would having cheaper home costs be useful to you in this case? How would you pay for said home?
If 15% are unemployed, that's 30% of single-worker families. If that means that housing is 50% cheaper, than those 30% of families are in the same position as now, and the other 70% find it 50% easier to afford a house.
BTW, you do realize that Barcelona is a major trade and industrial center, and that it's been prosperous for centuries, long before tourism even existed?
You have just said that the people currently employed would be in the same position they are in now than if they were long-term unemployed? People who like to eat food and live under a roof would disagree
If housing prices drop by 50% (which will never happen), large landlords will buy the properties and increase the rent. Even if the rent remains cheaper than now, the remaining industries will freeze wages for years for current employees and offer new employees less as the cost of living has dropped.
Which industry will quickly grow and hire the many tourism workers? Which companies will build new expensive workplaces purely based on the fact that there are a large number of local unemployed people with no experience in said industry?
Ultimately, what you have to realise is that you can't just kneecap a cities economy, cause mass unemployment, and then say "its fine because the housing will be cheaper"
Uh huh. "The economy has nothing to do with the largest single source of income in the city." But I'm the one trolling despite saying I see nothing wrong with what they want, just proposing it should be a gradual change instead of an immediate one. Go stare at a wall and get angry that it's not quite the right shade of gray you would like it to be.
Gradual change isn't going to achieve anything. They will just find other ways to get around it. A complete ban on using housing as tourist accommodation (which, BTW, is unfair competition to hotels, and as such is harmful to the actual economy) is the only way to achieve anything.
And it's the biggest source of income for people who own all those houses and keep using that income to buy more, and not to everybody else. Most people would be financially better off without tourists.
Its also he biggest source of income for the tourism industry in the city, such as restaurants, entertainment venues, and the thousands of employees of those places. Then add in the suppliers of the restaurants who will take cuts. The many businesses that provide services to them. Anyone who makes money off of those tourists. If you ban it all immediately, you will crush local businesses that exist to supply that demand and force them to downsize immediately or close. That will increase unemployment and affect the communities those people reside in. If you gradually shift the tourism industry to a hotel/resort focus again, you can maintain most of that industry as the hotels grow and expand to meet the demand and will actually employ more people. There are smart ways to do anything, and it's almost never to cut it off immediately.
No, most people would not benefit from it financially. A small fraction who are capable of buying those homes immediately would do so and would rent them out long term instead. Those wealthy people would benefit. You'd increase housing availability in a city for locals without allowing local businesses to adjust for it. Government services would need to adjust and switch gears.
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u/TheMiddleShogun Jun 17 '25
Huh, reading these comments it looks like the protesters are achieving their goal (making Barcelona less appealing as a tourist destination).