Looks like overtourism is becoming an issue everywhere in the world. Yet another instance of the tragedy of the commons.
But a deeper underlying issue is the idea of real estate as investment. If you treat housing as an investment, of course renting to tourists is more profitable, therefore more of it will be dedicated to tourism.
Looks like overtourism is becoming an issue everywhere in the world. Yet another instance of the tragedy of the commons.
But a deeper underlying issue is the idea of real estate as investment. If you treat housing as an investment, of course renting to tourists is more profitable, therefore more of it will be dedicated to tourism.
Private equity needs to be reigned in all over the globe