LogFAQs > #936522941

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Topic	Coronavirus is exposing how Airbnb caused rent worldwide to skyrocket
Questionmarktarius 03/31/20 3:51:42 AM #22:	Frolex posted... The fact the short-term rentals are more profitable per unit than long-term rentals is not an issue of how "things are so fucked up", it's a basic reality of how economics work. The problem with AirBnB is that it provides an easy way for property owners to transfer properties that have been zoned and developed for long-term rental into the short term rental market. Alright, now, why is there such a disincentive towards long-term rentals? Why do apartment buildings even exist, when hotels would be more profitable? <cite>Questionmarktarius posted [p:936522941] in Coronaviru... [t:78524258]...</cite> <quote>Frolex posted... </cite> <quote>The fact the short-term rentals are more profitable per unit than long-term rentals is not an issue of how "things are so fucked up", it's a basic reality of how economics work. The problem with AirBnB is that it provides an easy way for property owners to transfer properties that have been zoned and developed for long-term rental into the short term rental market.</quote>Alright, now, why is there such a disincentive towards long-term rentals? Why do apartment buildings even exist, when hotels would be more profitable? </quote> ... Copied to Clipboard!
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