I think this piece brings up a valid point regarding a free-for-all housing market in cities with particular demand.
How do you tackle the issue of housing in cities where it is more profitable to rent to tourists than locals? Will entire city centers just hollow out?
mostanonymousnick on
What not building enough hotels does to a MF.
But seriously though, at no point in this article is supply of resident housing or tourist housing mentioned.
Top_Lime1820 on
Land value tax fixes this btw
Throwingawayanoni on
Portuguese here, obv build housing, but jesus crist tourism capacity should also have a limit, nobody wants to walk in overcrowded streets and live in a capital in whoch you hear more english then you hear your home language.
I even had a french person once ask me if portuguese people only spoke english bc she didn’t hear anyone speak portuguese in lisbon. Regardless of your beliefs you can not not be depressed.
Edit: an article from el pais has some mumbers that paint the picture more accurately “The Lisbon that has lost about 30% of its population since 2013. The Lisbon where 60% of the dwellings are tourist apartments.”. I think we are on of the few or only capital cities in europe where more locals leave then enter.
YaGetSkeeted0n on
I’m surprised neither place has enacted some sort of short term rental ban.
If it were me, I’d ban them without licenses, then issue licenses only for units in multifamily buildings, and limit it to 10% of units in a multifamily building. If more than 10% of unit owners want a license, a lottery system will assign them each year. Assess a fee at time of licensure and for each rental that goes to a dedicated fund for police and code compliance to deal with the shitty behavior of tourists.
Icy-Magician-8085 on
What naturally happens when you don’t build enough housing in a highly desirable place.
!Ping YIMBY&IBERIA
datums on
This is a very complex problem with a lot of moving variables from economics, to property rights, to culture. There no “just do x” for this one.
7 Comments
I think this piece brings up a valid point regarding a free-for-all housing market in cities with particular demand.
How do you tackle the issue of housing in cities where it is more profitable to rent to tourists than locals? Will entire city centers just hollow out?
What not building enough hotels does to a MF.
But seriously though, at no point in this article is supply of resident housing or tourist housing mentioned.
Land value tax fixes this btw
Portuguese here, obv build housing, but jesus crist tourism capacity should also have a limit, nobody wants to walk in overcrowded streets and live in a capital in whoch you hear more english then you hear your home language.
I even had a french person once ask me if portuguese people only spoke english bc she didn’t hear anyone speak portuguese in lisbon. Regardless of your beliefs you can not not be depressed.
Edit: an article from el pais has some mumbers that paint the picture more accurately “The Lisbon that has lost about 30% of its population since 2013. The Lisbon where 60% of the dwellings are tourist apartments.”. I think we are on of the few or only capital cities in europe where more locals leave then enter.
I’m surprised neither place has enacted some sort of short term rental ban.
If it were me, I’d ban them without licenses, then issue licenses only for units in multifamily buildings, and limit it to 10% of units in a multifamily building. If more than 10% of unit owners want a license, a lottery system will assign them each year. Assess a fee at time of licensure and for each rental that goes to a dedicated fund for police and code compliance to deal with the shitty behavior of tourists.
What naturally happens when you don’t build enough housing in a highly desirable place.
!Ping YIMBY&IBERIA
This is a very complex problem with a lot of moving variables from economics, to property rights, to culture. There no “just do x” for this one.