When Airbnb landlords won't rent to locals at all because it's not convenient enough for them do so what will you do for the good of the majority of the people? Forcefully seize their apartment because people need it?
That's very hyperbolized. It's still convenient to them, just less profitable. If they have mortgages less profit is better than no profit in all scenarios.
I knew an Airbnb host in Italy, he shared with me that by renting to tourist compared to the normal market prices to locals he would make 3 times more. It's a no brainer, but he would gladly accept 1/3 of that if the alternative is 0 (and he did during the pandemic when tourism stopped).
Those property rights exist because the locals consent to them. If the landlords' behavior undermines that consent then it only makes sense that the locals would revoke the property rights.
How else, besides continued maintenance of that consent, would property rights get their legitimacy?
Under that logic your breathing is a matter of their continued consent and lynch mobs are an expression of a democratic society. Protection of minority rights is an important function in government.
No need to forcibly sieze it. Simply outlaw dedicated short term rentals of apartments and houses and let the owners decide what to do with their apartment after that.
No. You just tax the living daylights out of the empty houses so that they will have to utilize or rent them. That is ALREADY the law in Spain, by the way.
> Forcefully seize their apartment because people need it?
The needs of the many come before the needs of the few. Someone said it somewhere across the ocean. But the country where it was said does not heed it at all. The rest of the world does.
