>'Renting' in its essence does not involve doing anything: it does not mine resources, manufacture use objects, or provide a service. Rich people buy up scarce assets and then charge a fee for their use.
So if someone doesn't have enough accumulated capital or credit to buy a property to live in, tough luck. You can't legally rent from someone. I guess rely on charity or sleep on the streets? Seems unreasonable.
What a strange way of conversing with people. I never suggested that and you must know that I don't think it, so why say it? It shows bad faith.
I think that ceteris paribus the lower housing rents are the better. How to help bring that about is an interesting policy question. I suspect that socialisation is the best option, but increasing the stock and rent controls could work.
If we return to the specific case of AirBnb and my original suggestion, the aim would be twofold:
1. Limit AirBnb rentals to reorientate the housing stock away from rich international tourists to locals.
2. Tax AirBnb rentals to subsidise local housing.
I would point out that Barcelona has already done (1).
So if someone doesn't have enough accumulated capital or credit to buy a property to live in, tough luck. You can't legally rent from someone. I guess rely on charity or sleep on the streets? Seems unreasonable.