27.11.19
Airbnb Is Ruining Our Neighbourhoods.
The relationship between AirBnB on rising rent prices goes as more property is used exclusively for Airbnb, more property is allocated from the long term rental market to the short term rental market, which caters to temporary visitors. This reduction of long term-rental units increases the price for residents looking for long term housing. As rents rise, home prices rise. AirBnB, in addition, makes property more valuable as it allows homeowners to generate profit from their excess space. The presence of AirBnB in a neighborhood, therefore, plays a hand in raising rent prices and displacing disadvantaged communities, as they are no longer able to pay for the high prices of rent. The general processes of housing evictions goes as: owners demolish rent-controlled buildings in favor of more profitable housing in the form of mansions, condos, and short-term rentals, leading to evictions. The rising price of housing and rent, in addition, drive residents out. AirBnB contributes to these evictions by creating demand for rentals, as it acts as a lucrative business opportunity for landlords and homeowners. It also drives up housing and rent prices, for the possible profit from renting out AirBnBs increases demand for such property. When rents and housing rises, wealthier people move in and the "bad elements" move out, marking gentrification. Credit: SOAP BOX
Poverty deprives people of adequate education, health care and of life's most basic necessities- safe living conditions (including clean air and clean drinking water) and an adequate food supply. The developed (industrialized) countries today account for roughly 20 percent of the world's population but control about 80 percent of the world's wealth.
Poverty and pollution seem to operate in a vicious cycle that, so far, has been hard to break. Even in the developed nations, the gap between the rich and the poor is evident in their respective social and environmental conditions.
Poverty and pollution seem to operate in a vicious cycle that, so far, has been hard to break. Even in the developed nations, the gap between the rich and the poor is evident in their respective social and environmental conditions.
