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.
post
They banned airbnb in victoria bc last year and rent here has actually went down. From this one single change.
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
In Seattle we call these studio apartments, I learned reading this thread that it's not a normal thing. My friends that live in one can't cook without their bed absorbing the smell.
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.
Throwing darts over here, Pinecrest?
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.
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.
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/
oh boy, do I have some bad news for you about the stupid shit people believe
Was there tourism in Victoria and what happened to it after the ban? I'm not clever enough to predict what exactly the consequences might be, but I was always interested in what could happen from banning all short-term rental (although maybe that's not the case?)
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?
That was some time ago, but I think we stayed in one of those. At least it looked like someone just left for the weekend. Also in a room that probably the mom rent out after the kids moved out. So yes, it's probably still a thing
An important population we need to increase is ethical landlords.
And by ethical, I mean former.
The only good landlord is a former landlord.
I have a pretty good landlord. This isn't an ACAB situation. The problem is the market, IMO, if not capitalism entirely; even if you got rid of landlords (made it illegal to have tenants), housing prices would still be too high to buy a house. Supply-side or demand-side economics are the only viable solution under capitalism.
Yeah, and there will always be a demand for temporary housing. Even if every person has property, tourists need places to stay, you'd need a place to stay if your house is leveled by a natural disaster, it doesn't make sense to jump through all the hoops of property ownership if you just want to be closer to mom's nursing home in her final months, etc.
The problem isn't filling that need, it's making a profit off it.
under capitalism, almost nothing happens without a profit. If you're so sure the problem isn't capitalism, please explain to me how exactly you're imagining things should work.
I don't know how you got 'this person is pro-capitalism' from me saying 'profit is the problem'.
I said:
The problem is the market, IMO, if not capitalism entirely
but it seemed to me that you were disagreeing with my post when you said "the problem is making a profit off it." I could have misunderstood, and you were agreeing?
You think capitalism is the problem, yes? If so, we are in agreement.
We could still have great property managers without landlords. Then you wouldn't even need to be thankful that your lord happens to be one of the benevolent ones.
All landlords are bastards
..no, that's just what I said is not the case. You must have misread?
Looking at the instances you two are from I feel like I'm taking crazy pills 🫨
Get rid of air bnb and similar. It's caused a ton of problems in Japan as well with people buying whole buildings and pricing out existing tenants. There are legal protections, but most tenants, particularly elderly, don't know about them and either pay new increased prices by the new landlord or move out. The government enacted laws requiring a minpaku (think lodging/hotel) license and putting maxes on time, but tons of people still run illegal ones.
A lot of those people seem to be Chinese investors running them off of other sites which has furthered anger and xenophobia against all foreigners. One of the parties that skyrocketed in the most recent election wants to strip property rights from all foreigners and not just investment properties but ALL properties. It's a reaction to getting priced out and the government not doing shit about it. Granted, there are tons of other problems (prices rising weekly or monthly, wages not keeping up at all with inflation and rising prices, and overtourism more generally), but this is low-hanging fruit.
As someone who just bought a house last year (on the market for over a year in the countryside with farmland for which I had to interview and get permits to buy and use), and volunteers in his community, this is terrifying to me. I had to go through tons of extra hoops just for being a foreigner to begin with and now, thanks to fuckhead illegal hotel owners and bad policy, now lots of people want to take the one little bit of stability I finally felt.
Funny how if you remove all landlords no one loses their home.
People who can no longer afford their mortgages would disagree with you.
Edit: I've absolutely no fucking idea why you all think I mean landlords here. You do realise normal people have mortgages right? And if you don't pay them, the bank take your house and make you homeless?
People who can no longer afford their mortgages because they suddenly can't leech of off working people can go fuck themselves.
"There's a great place to go when you're broke: to work!"
- big time landlord and big time conservative asshole (but I repeat myself) Dave Ramsey.
Luckily all these rugged individual landlords already know exactly where their boot straps are! Right??
Is he hiring? Is he willing to pay a reasonable living wage?
If not he should STFU.
I and many working people like me can't afford a mortgage EVER because all of the market is bought up for renting, so they would become just like me, except I'd have a real fucking job
Ban landlord culture and property prices drop.
Kinda sucks for those already with a mortgage. Defending rental culture because someone might lose out now only guarantees that an ever increasing majority lose out in the future.
It's not just landlords pushing it up.
The constrained supply, the low interest rates, the greedy banks pushing bigger and bigger mortgages, government "help to buy" schemes which appear to be a way to help people buy homes, but in effect just pushes the price ever higher...
The centralisation of jobs in certain areas. We have the internet. This could have practically solved the property crisis on it's own, along with overloaded transport systems and pollution, but rich people were losing too much money, so back to the office, plebs.
Constrained supply
But there are empty properties now. There is supply. House prices are too high for all of the property to be affordable. That is because property as an appreciating investment is valuable. You can only live in one house, to buy multiple properties and have that appreciated investment, you are a landlord.
Low interest rates
allow you to buy a property. They allow people investing in housing to buy many. It results in the above.
Banks pushing bigger mortgages
Sure
Help to buy
Allows affordable housing to become an investment. See my first point.
Rich people were losing to much money
Yep, some of those people were landlords who were finding city prices dropping.
Clearly landlord culture isn't the "only" problem. But fuck me it's a big part of the issue.
Yeah it would suck to have my house drop in value while I still owe the bank so much money, but anyone who isn't willing to suck it up for the obvious greater good is an asshole.
Landlording isn't a real job. It provides no value to society.
Landlords can change that by simply changing businesses.
what mortgages? shelter must be a right. people shouldn't be allowed to own other people's homes. everyone should be provided with housing by paying taxes or being covered by social aid systems.
So? Then they shouldn't have gotten real estate to begin with if they can't afford a house. A person who relies on renting property to make a living are leaches living off the working class.
“Concerns” like this is why the housing situation will never be fixed. Guess what? Fixing the housing crisis will always means stopping it from being a profitable investment.
Spain is cracking down on this according to a local when I was there recently.
On Airbnb or the garfiti?
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.
Not sure if anyone who lives here hasn't seen it yet, but !barcelona@piefed.social is a thing.
Copy pasted from another comment, 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.
I think it can be generally said that the US and their success stories are a force for the bad in the world.
top 93 comments