302
The US needs to build 2 million houses to revive the American dream of homeownership
(www.businessinsider.com)
this post was submitted on 19 Jun 2024
302 points (92.4% liked)
News
23406 readers
3844 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
airbnb itself is not the whole problem. But its important to recognize it changed markets worldwide by pitting the luxury hotel market in direct competition with housing
so the problem is more that the internet has caused a rich market to overflow into housing - you have to also consider people are going on work trips and getting reimbursed for staying at an airbnb etc. Wedding parties as well seem to prefer airbnbs. The result is a worldwide catastrophe for residential housing.
But its very simple: A high demand, luxury market overflows into residential housing. The obvious result is residential prices skyrocket with demand.
Did Airbnb cause this? not entirely, they're just the best at it. Addressing Blackstone will help by removing some of the cash competing for residential housing, but it won't solve the problem entirely until like wedding parties and vacationers go back to using hotels and companies are no longer able to reimburse people for airbnb stays. You have to address the excess demand from the market spillover that airbnb has made its profits on. Otherwise you're just ignoring one of the primary reasons Blackstone entered the market - there are lots of individuals doing the same thing as Blackstone on a smaller scale here