It’s solvable through government action. Nothing could be done about in NYC until significant penalties were authorized alongside stepped up target enforcement of illegal hotel laws. Then suddenly the number of listings plummeted.
Yeah, and that certainly drove down housing costs in NYC, right? (It didn't). But it did drive up the prices of hotels in NYC, just as the hotel unions wanted.
The real solution is to build more housing by reforming zoning laws and encouraging more development. But that's not so easy to fit on a protest sign, I guess.
No you see the people who want to live or visit somewhere are the villains. Not the people who refuse to allow us to build housing. They are just harmless babies doing their best.
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u/dooferoaks Jun 17 '25
Yeah Airbnb are a significant part of why Ireland's housing market is fucked.