One of us, at least, seems to have comprehension issues. Again...
But when millions of people just like you do the same exact thing and turn homes and properties into long and short term rentals, then we have a structural problem that needs to be addressed.
When you have a million "mom-and-pop" owners, with 2-5 rentals each, that's 2-5 millions homes taken off the market.
You want to blame corporations and they can take a lot of the blame.
But take Airbnb. There are currently over 5+ million Airbnb hosts worldwide and 7.7+ million active listings on the platform.
That's eight million units off the market, in some of the most desirable markets in the world. And it's an acknowledged problem.
It doesn't matter if corporations do it or millions of people o it. Those homes are off the market, nonetheless.
We're talking past each other here, and you insist you have nothing to do with the problem. Fine.
But it's looking as if local and federal governments are going to need to step in to make non-primary residence ownership for rentals less profitable for corporations, LLCs, and individuals alike.
Because, collectively, we have a tragedy of the commons issue.
And it's not going away by itself..
