Viewing a single comment thread. View all comments

cakeo48 t1_j26wj15 wrote

Reply to comment by [deleted] in Why are homes in the Seattle/Bellevue area so expensive? by [deleted]

Ehh some cities have tried putting restrictions on airbnb and found it didn't have as much as an impact as they thought. Mostly it's more of a euro city problem, seattle isn't popular enough of a tourist city to have much of an effect.

2

[deleted] OP t1_j26xjpl wrote

[deleted]

1

cakeo48 t1_j26yxzx wrote

Your main issue seemed to be prices tho? The number of units taken is 100% relevant to pricing for larger metro areas like Seattle. If the number is low enough and sprea out enough then the change in prices if they weren't airbnb wouldn't be distinguishable from natural market fluctuations....Hawaii is much closer to euro cities in how fragile the housing market is and higher demand form tourists than Seattle....

5