calimac: (Default)

[personal profile] calimac 2023-09-06 05:34 pm (UTC)(link)
Functionally, it's the same thing. If overuse causes you to lose the commons because it's physically been destroyed, and overuse causes you to lose the convenience of AirBNB because it has to be prohibited, either way you've lost it because of overuse. The why of the overuse is immaterial to the basic similarity.

And it's an economic loss, too. Not the market value of the properties, but the value of having an AirBNB rental market. That's an economic value, and it's been completely lost.
jducoeur: (Default)

[personal profile] jducoeur 2023-09-12 07:04 pm (UTC)(link)

The Tragedy of the Commons assumes a lack of regulation. What we have here is another example of how such tragedies don't tend to occur in real life, because people get together and regulate access to the commons, as they have done here.

That's true, but it's also an illustration of the common failure mode of excessive, damaging regulation, and the sort of all-or-nothing thinking that is too often dominant nowadays.

It's absolutely the case that some localities have been blighted by excesses of AirBnB and the like. But most haven't -- in most places, it provides convenient places to stay in "hotel deserts", and gives folks a way to make some extra money. (I've at least once had my hash saved, when our house was rendered uninhabitable for a week: being able to rent a nearby AirBnB prevented a bad situation from becoming a true crisis.)

The right approach here, IMO, would have been more measured regulation. It should absolutely involve some sort of license, with a fee sufficient to cover the city's regulatory cost, that can be revoked by the city, whose quantity can be controlled, and can be limited in the number of licenses per person.

Properly managed, coupled with some gradually-evolving guidelines based on empirical evidence of the actual problems, would likely suffice, without this sort of a sledgehammer of regulation...