What is the proper amount of short term rentals in a city?
Should a particular building be used for housing or rentals?
I know I don't know the exact answer, but the reality is that politicians don't either. These questions are better solved by pricing, the mechanism that actually directs resources to their most valued ends rather than political edict (which as we all know is influenced heavily by whoever is able to grease the most politicians).
Politicians can't react accurately and quickly to rapidly changing supply and demand. The market has an actual signal that does this rapidly and provides incentive to do so.
Anything that disrupts this is just another example of corrupt government benefiting their contributors to the detriment of real prosperity.
Should a particular building be used for housing or rentals?
I know I don't know the exact answer, but the reality is that politicians don't either. These questions are better solved by pricing, the mechanism that actually directs resources to their most valued ends rather than political edict (which as we all know is influenced heavily by whoever is able to grease the most politicians).
Politicians can't react accurately and quickly to rapidly changing supply and demand. The market has an actual signal that does this rapidly and provides incentive to do so.
Anything that disrupts this is just another example of corrupt government benefiting their contributors to the detriment of real prosperity.