Yep. My example comes from the other end of the EU. It’s a village 100km from the capital, but it’s pretty, and rent went up to capital levels because “if I can’t get that much I’ll airbnb again and get more during the season”. Applies especially to smaller spaces (suitable for singles), which are already in short supply. I had to move in the end.
I was watching a reaction streamer that does a lot of (mostly chill) social commentary, and he got a video from a Belgian investor guy in his playlist. It’s the kind of video they watch when they want to cringe for an hour.
The guy did basically nothing but buy full buildings to turn them into appartments. So he gets one, spends the whole video telling us how he will put walls everywhere to split it into the absolute maximum number of barely livable spaces. And the whole first two floors? no, those are not for real people to live in, it’ll be AirBnB, that’s where the money is. All friendly with a big smile but absolutely zero concern beyond making the most money.
It also reduces available accommodation for people who need it. You can complain about what landlords have done to private ownership, but at least that’s a home someone can live in.
With Airbnb you can charge a week’s rent per night but it’s not a home and nobody can live there.
AirBnB also destroys communities by pushing rent for affordable living spaces. 1st hand experience.
Tell me about it! Here in Athens Airbnb’s is one of the reason that rent has skyrocketed.
Yes, but think of the poor shareholders!
IMHO the problem is that 99% of retirees do so with economic rent.
Yep. My example comes from the other end of the EU. It’s a village 100km from the capital, but it’s pretty, and rent went up to capital levels because “if I can’t get that much I’ll airbnb again and get more during the season”. Applies especially to smaller spaces (suitable for singles), which are already in short supply. I had to move in the end.
I was watching a reaction streamer that does a lot of (mostly chill) social commentary, and he got a video from a Belgian investor guy in his playlist. It’s the kind of video they watch when they want to cringe for an hour.
The guy did basically nothing but buy full buildings to turn them into appartments. So he gets one, spends the whole video telling us how he will put walls everywhere to split it into the absolute maximum number of barely livable spaces. And the whole first two floors? no, those are not for real people to live in, it’ll be AirBnB, that’s where the money is. All friendly with a big smile but absolutely zero concern beyond making the most money.
It also reduces available accommodation for people who need it. You can complain about what landlords have done to private ownership, but at least that’s a home someone can live in.
With Airbnb you can charge a week’s rent per night but it’s not a home and nobody can live there.
I think that’s what the parent comment was saying, essentially.