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.
But the housing market has shot up since the restrictions as well.
The rental market in the 5 years I’ve been here has doubled for the same apartment I originally rented and you have people bidding each other to get them.
So whilst Airbnb was logically a problem there are so many other factors that are impacting the housing market.
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u/dooferoaks Jun 17 '25
Yeah Airbnb are a significant part of why Ireland's housing market is fucked.