Demographia defines affordability:
Affordability is the ability for any urban household to be able to rent a dwelling for less than a 25% of its monthly income, or to buy one for less than about three time its yearly income. The mobility and affordability objectives are tightly related. A residential location that only allows access to only a small segment of the job market in less than an hour commuting time has not much value to households, even if it is theoretically affordable.
Here are some quotes from Fernando Medina the Mayor of Lisbon from the July 26, 2020 report from The Independent:
> More than a third of properties in the centre of the city (Lisbon) are currently taken up by holiday lettings.
Here are some quotes from the August 13, 2020 NYmag.com Intelligencer report "The European Cities Using the Pandemic As a Cure for Airbnb"
> Now Lisbon is taking advantage of that situation, in order to push some of these units back into the long-term housing market. The city government is renting empty apartments directly from property owners, and then turning around to rent them to Portuguese workers and students at subsidized rates.
Here are some quotes from the April 1, 2020 Bloomberg report "Will Airbnb Become Obsolete After the Coronavirus?"
> Over the past decade, the app that connects fly-by-night tourists and short-term renters to “cozy” lofts and five-star “experiences” morphed into a gig-economy nightmare for cities like Paris, Amsterdam and Barcelona.
Santa Monica has effectively wiped out 80% of its Airbnb listings...
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July 31, 2021
History, Charts & Curated Readings
"History, real solemn history, I cannot be interested in.... I read it a little as a duty; but it tells me nothing that does not either vex or weary me. The quarrels of popes and kings, with wars and pestilences in every page; the men all so good for nothing, and hardly any women at all - it is very tiresome." Jane Austen spoken by Catherine Morland in 'Northanger Abbey'
"Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement; and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it." George Santayana Vol. I, Reason in Common Sense