• moody@lemmings.world
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    9 months ago

    Taxing the owners will just cause the prices to go up to compensate, unless the tax is a very significant burden. Short-term rentals are way more expensive than long-term leases, and so they are much more profitable. A landlord can make three times as much money on airbnb as they would make on a yearly lease.

    • Glytch@lemmy.world
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      9 months ago

      Yes, but when prices for short term leases are higher than the equivalent hotel stay, Airbnb landlords will lose money and potentially have to sell at a loss to someone who’ll actually live there.