EU blocking cities' efforts to curb Airbnb, say campaigners
theguardian.com
theguardian.com
Wouldn't housing be more affordable if more houses would be allowed to be built?
Cities seem to enjoy banning people from using their own property as they deem fit. Instead less bureaucracy with faster and cheaper costs for building housing would curb this phenomenon at the roots.
This doesn't solve issues where there isn't enough land (like an island) but in most cases it should work.
And nobody is going to build a new house if they can't make good money on it. So its all tied up in interest rates, expected rate of return for capital etc.
Supply can matter say in a depressed area where folks are in a hurry to get out from under a mortgage. But nobody is making money there. Its not a typical house price at all.