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filenotfounderror t1_jcfx5qn wrote

Reply to comment by n3vd0g in Nearly 1,500 buildings ban Airbnb and other short-term rentals by fluffykintail

i dont know what that means.

  1. The government doesn't own all the rental property in Austria, though im sure it s subject to local laws.

  2. The Austrian Government has nothing to do with the US government. I am not familiar with Austrian politics, but the US govt is almost entirely dysfunctional at every level, usually on purpose, for a variety of reasons.

  3. i imagine the Austrian housing market in vastly different from the US housing market

  4. Regulating the entire rental market in the US in such a fashion would probably destroy billions, probably trillions of dollars in wealth for mostly retired Americans because housing prices would instantly crater. So on top of being entirely politically unfeasible it also just bad policy. All your doing is stealing for one person to give to another.

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n3vd0g t1_jcga0at wrote

  1. Vienna’s city government owns and manages 220,000 housing units, which represent about 25 percent of the city’s housing stock. https://www.huduser.gov/portal/pdredge/pdr_edge_featd_article_011314.html Not suggesting all, but would like a substantial amount.

  2. Excuses. No reason we can’t work for a better government

  3. Yeah in that it regulates stock to maintain affordability and availability and allows for government ownership of dignified low income housing

  4. You really think the current rental prices aren’t already theft from one generation to another? Regardless, this is what social security is supposed to be for. We shouldn’t be encouraging owning rental properties as a means to retirement. Retirement should be a guaranteed right, but not like this. Regardless, this is unsustainable and I’m not going to cry over lost profits since society would still be for the better. Like come on man

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JX_JR t1_jchuqus wrote

New York's city government owns and manages 178,684 units, about 6% of the housing stock. They manage it exceptionally poorly, nobody wants to live there, and they are routinely sued for their inability to keep units in repair and supplied with heat and hot water.

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