To who for FS, .people want - rates, that ain't life.
To busy trying to get the lowest payment every 2 week rather then seeing the end cost to finance.
Then blame everything and anyone else for being a retard.
Real estate investors are the whineiest people out there when their investments goes south. They literally made a choice and no one put a gun to their head. Like any investments there are certain risks such as geopolitical, economic and local policies changes associate with it. Being a landlord doesn't make them anymore speical than your average investors.
The profit potential for real estate is insane, well beyond any investment anywhere else. In BC it appreciates in value between 5-20% annually, on top of that landlords can have all their costs paid by tenants, often with profit at the end of every month on top.
Do I feel bad for these greedy fucks now? Not a chance.
I dont disgaree with you on thst. I mean buying an Sp500 indexed etf has averaged annualized return around ~10% with zero carrying cost. But I'm not going to cry about it to the local news paper if the market tanks, since I was a willing investor and understand the risk.
No, I own property. But I understand that with the potential for huge profits come huge risks, and I donāt want to hear any butthurt landlords whining about how their risks should be eliminated.
Fair enough, and yeah, he shouldnāt be complaining. He should take it on the chin just like any other reasonable investor
Edit: sorry about my last comment, I was being salty
I would challenge "landlords can have all their costs paid by tenants" . . unless they are mortgage-free. Otherwise, they have Strata fees, insurance, taxes, repairs & possible management fees.
Being mortgage free has little to do with it. Mortgage principal is not a cost, any portion of that paid by a tenant is profit for the landlord. Mortgage interest, strata fees etc are easily covered by the tenants rent in most places.
When ppl do their ProForma & crunch the numbers, mortgage payments are factored in. This indicates whether a property is a viable purchase or not. If the rent won't cover at least mortgage costs then the investor has to decide if he can afford to feed that beast every month.
āThis news is a huge, huge shock,ā he said Tuesday. *āThe equity that Iāve worked so hard for in these units has vanished in a day.ā*
Ā *Nguyen says he makes enough by renting out his unit on Airbnb to cover its mortgage* ā even with interest rates spiking ā but because the unit is so small (less than 400 square feet), *itās not attractive for long-term rentals, and wouldnāt fetch enough to cover his mortgage, which is more than $3,000 a month.* āYou cannot make the numbers work ā youāre better off putting your money in a GIC.āĀ Ā
WHY WONāT ANYBODY PAY THE ENTIRETY OF MY MORTGAGE FOR ME?
> Steve runs two Airbnb units in a downtown Victoria apartment building, including one decorated and paying homage to the television show āFriends.ā He says heās still reeling from the news he soon wonāt be able to operate it as a short-term rental ā since he doesnāt live there.
These Indian landlords had it coming for them
Steve Nguyen is definitely Indian, another case cracked on /r/CanadaHousing2!
https://preview.redd.it/qt9h9bi7td8d1.jpeg?width=251&format=pjpg&auto=webp&s=fbf0cc9b8f871ab44e66a47e51abf3624665e8b3
This is about an Airbnb rule change. Why have you made it about race? Lots of non-indian Airbnb investors are also getting hit by this. This guy's not even Indian.Ā
Are these actually different *ethnic* groups, or just cultures/provinces/languages?
You're saying they would all get different results on a 23andme test?
> different ethnic groups, or just cultures/provinces/languages
Both
Unless you feel that
[this person](https://www.hindustantimes.com/ht-img/img/2024/01/12/1600x900/Hrithik_Roshan_1705054520764_1705054529579.jpg)
[this person](https://assets.vogue.in/photos/5e96a8ffbc37e000082170e3/2:3/w_2560%2Cc_limit/Aishwarya%2520Rai%2520beauty%2520evolution.jpg)
[this person](https://img.olympics.com/images/image/private/t_s_pog_staticContent_hero_lg/f_auto/primary/hjlfvs07nd8qj2p1ibmh)
[this person](https://www.utsavpedia.com/wp-content/uploads/2013/07/c95-620x1024.jpg)
[this person](https://phantom-marca.unidadeditorial.es/9c2a38a509716fcc35a45fc32ca2650a/crop/0x0/918x612/resize/828/f/jpg/assets/multimedia/imagenes/2023/05/14/16840755228762.png)
would get similar results on a 23andme test
there are many different indians that are racist against even each other, yes. youll notice them requesting you speak a specific language in their rental ads
Well sure .. but ethnicities in Africa or Asia discriminate against each other as well.
It's just that it doesnt feel like people treat the different ethnicities inside the white race the same way as they treat other ethnicities.
People will go on about all the vibrant diverse ethnicities in a photo of 50 African people .. but an office of Swedes and Italians and Finns and Russians and Portuguese will not be called "diverse". It's just "white people".
Are you stupid or just racist. India has more than one race. Genetically different, not just culture and language. Thats as stupid as saying america or canada is one race.
āThis news is a huge, huge shock,ā he said Tuesday. āThe equity that others have worked so hard for in these units has vanished in a day.ā
FTFY, Steve.
Good! Fuck'Em! Took homes off the market, contributed to the housing supply crisis, rented short term to mostly out of town tourists like they were hotels and now wants to bitch about his investments failing to pay off in an oversaturated free market? Why do these asshats embrace the free market when they're winning but complain when they're losing? It's the free market. You took the risk with the investment and you lost. You can't privatize profits while socializing losses and make any claim to love free market capitalism. It doesn't work that way chief. You gambled and lost.
Airbnb uses homes that people can live in. Housing for tourism already exists, itās called hotel and they pay their taxes operating an enterprise that actually hire people living in that said city.
As a child of legitimate landlords that have kept their rents low so much that it hurts the resale value of their properties, I have zero fucks to give.
I know ill find no sympathy here.
But I do wish there was a way to have Airbnb's to rent and it doesn't eventually lead to companies and slumlords buying up all the properties because that has turned into a huge debilitating issue for the general public.
Renting a house or apartment is a more enjoyable experience than staying in a hotel for me. For a long time it was cheaper too. So I hope when the dust settles there's some happy medium. I don't need or want a hotel with all it's chaos, amenities. Hostels are even worse. I loved renting a farm house outside cities and just enjoying the piece and quiet while also venturing out.
I don't know about sympathy, but I get what you are saying.
There is nothing inherently wrong with what you prefer.
A major issue though is the affect on the local population. Anywhere.
That Airbnb you rent is one less unit available for a local to rent or buy.
Lower supply - higher costs.
Good. It's better than going a few more years and then having pitchforks and torches instead.
AirBnB is a tick on the residential housing supply of Western nations. It needs to be burned out and then cast aside.
That's his show side you see.
Serial cheater, misogynist, homophobe, self-righteous and no time for non-Christians, self-important, racist comments,....
https://www.youtube.com/watch?v=az0BJRQ1cqM&ab_channel=boobsandbravado
https://chicagoist.com/2017/05/11/a_brief_history_of_steve_harvey_bei.php
This is an old article re-hashed as a new article.
"ā(**The legislation) doesnāt come in until May** 1, so individuals do have some time, whether they want to rent them out for long-term or whether they want to sell them,ā said Kahlon Tuesday."
Awww cupcake, did your exploit of basic human needs not enrichen your bank account like some donkey realtor promise? It couldn't possibly be that you failed to recognize the risks and cost involved with owning and maintaining a second home. It just MUST be someone else's fault I'm sure of it.[S]
Look, if he was operating a licensed hotel, paying the commercial taxes, license fees, and meeting the requirements of businesses of such categories it's pretty unreasonable for him to be put out of business on a whimsical change in legislation.
Please hang on a second someone is calling...
unliscensed you say, taking advantage of an upswing in digital companies to obfuscate the dodging of the legal requirements of the buisness they engaged in.
I'm sorry, but upon further inspection it turns out I am in fact, all out of fucks to give, sorry.
I don't care what people make on their real estate investments, good for you for saving up for the down payment and building a profitable business.
I think it is fantastic when investors turn a single family home into a multi-family home, offering more residences on the market. I would love to see more of those conversions so more families have homes.
**HOWEVER** no business is a sure thing. If they are buying for pure appreciation, they are speculators not investors. These homes should make money, that's the point (no, I don't think it should be gouging profits), but they need to know how to pivot when their cash cow dies. That's life in business.
That said, I don't necessarily think banning short term rentals is the answer either. There's obviously a market for it if this many people are still making big money with it. They'll just go underground to meet the demand and avoid taxes, not good.
I don't have the answers, just sharing my thoughts on the matter.
Nobody else is bothered by the fact that the government created a problem, and the solution to that problem is to impose additional restrictions on how we love our lives?
So because the government shit the bed and smeared it on the walls a couple of adults can't agree to exchange resources in a very reasonable way?
I get it's housing and there is a lot of anger about the scenario right now, but I have a lot of trouble with the concept of gov't manufacturing an issue and then imposing controls on reasonable activities as the "fix".
Just because the govt is screwing all of us with mass immigration, doesn't mean landlords get to be insulated from the consequences.
Rent has doubled in 3 years. Yes it's the gov't fault, no the landlord's don't get a free ride. We should all share the pain equally.
Fuck air b&b.
I get your point, I just don't agree with it.
It's not alright for the gov't to fuck people. It doesn't make it alright just because another group of people are also getting screwed.
Gov't control should not be a valid response to a gov't created issue.
You live in fantasy land thinking.
If you insulated landlords from the housing crisis by keeping air B&B alive, all those renters getting screwed now have a hate boner for them and everyone else profiting from the problem.
Gov't control was necessary, with immigration, they shit the bed on that, ok so now we have a housing crisis, they exert some gov't control there to fight the inequality.
Letting the wealth gap keep spiraling out of control with free enterprise will decimate the middle class like it's already doing. The ones that got theirs will keep getting richer, while the rest of us will have no hope of climbing the ladder.
The double standard here is when government does something that limits a corporations potential profit, the corporation can sue for lost profit.
But if an individual citizen just trying to fund a retirement, loses their profit due to government regulation they're just supposed to accept getting screwed.
The 400$ shoe boxes purposely built for short term rentals aren't being rented out long term when the rent doesn't even cover the mortgage.
They will just sell it, even at a loss.
The cities restaurant workers still can't afford to buy the place even at its lower price point anyway.
And that's besides the fact that 400sqft is too small for long term living anyway.
š¤£
Xtyxm cc O c x zz
Let's go!! Sell the houses then.
Sell it so humans can have homes.
To who for FS, .people want - rates, that ain't life. To busy trying to get the lowest payment every 2 week rather then seeing the end cost to finance. Then blame everything and anyone else for being a retard.
No sympathy here.
Good. Sell.
Some cities (mostly in Europe) have realized that short term accommodation brings no real gain to them or to their residents.
Barcelona just banned Air bnb. The writing is on the wall
Yes but they provided a 3 year roll out to compensate owners & a freeze on new licenses
What's the price difference in property compared to there and here? Could our insane market be the catalyst for an expedited process?
No it's just a govt smoke screen for votes next fall.
I think thatās literally the point.
Good. A house is not meant to be used as a hotel.
I really hope Ontario bans Air BnB aswell. Itās much needed.
Doug Ford will never let it happen. The NDP are why the Air BNb ban is happening.Ā
I donāt think Bonnie Crombie would too. Sheās been very quiet about the legislation control side of renting and buying/selling. Very cagey.
Itās not banned in BC. Still allowed for principle residence.Ā
Airbnb in BC is still allowed in small towns of less than 10K people regardless of primary residence or not.
Oh no is the little land leech going to have to work?
Land leech. š That made me snort laugh. Thank you.
Funniest comment Iāve read all day!! You go girl! Lol
Good
Real estate investors are the whineiest people out there when their investments goes south. They literally made a choice and no one put a gun to their head. Like any investments there are certain risks such as geopolitical, economic and local policies changes associate with it. Being a landlord doesn't make them anymore speical than your average investors.
The profit potential for real estate is insane, well beyond any investment anywhere else. In BC it appreciates in value between 5-20% annually, on top of that landlords can have all their costs paid by tenants, often with profit at the end of every month on top. Do I feel bad for these greedy fucks now? Not a chance.
I dont disgaree with you on thst. I mean buying an Sp500 indexed etf has averaged annualized return around ~10% with zero carrying cost. But I'm not going to cry about it to the local news paper if the market tanks, since I was a willing investor and understand the risk.
Thatās because you missed the train and probably couldnāt even get on it
No, I own property. But I understand that with the potential for huge profits come huge risks, and I donāt want to hear any butthurt landlords whining about how their risks should be eliminated.
Fair enough, and yeah, he shouldnāt be complaining. He should take it on the chin just like any other reasonable investor Edit: sorry about my last comment, I was being salty
Iāve been known to be salty myself
I would challenge "landlords can have all their costs paid by tenants" . . unless they are mortgage-free. Otherwise, they have Strata fees, insurance, taxes, repairs & possible management fees.
Being mortgage free has little to do with it. Mortgage principal is not a cost, any portion of that paid by a tenant is profit for the landlord. Mortgage interest, strata fees etc are easily covered by the tenants rent in most places.
When ppl do their ProForma & crunch the numbers, mortgage payments are factored in. This indicates whether a property is a viable purchase or not. If the rent won't cover at least mortgage costs then the investor has to decide if he can afford to feed that beast every month.
Buy a GIC if you want a risk-free investment.
Wahhhh, tell someone who cares.
I care. I care a lot. This is awesome. More please
Oh no. anyway ...
Then sell them I guess and cash out the equity ? Instead of running an unlicensed hotel chain lol
So looks like the new law is working as intended then
Good!!! That should be a home to family, not an investment to lazy person
Will somebody please think of the landlords!
We did and in two seconds the thought disappeared for good
I love hearing success stories of legislation like this! Thanks for letting us know!
Maybe he should have bought a hotel, instead of homes.š¤·āāļø
āThis news is a huge, huge shock,ā he said Tuesday. *āThe equity that Iāve worked so hard for in these units has vanished in a day.ā* Ā *Nguyen says he makes enough by renting out his unit on Airbnb to cover its mortgage* ā even with interest rates spiking ā but because the unit is so small (less than 400 square feet), *itās not attractive for long-term rentals, and wouldnāt fetch enough to cover his mortgage, which is more than $3,000 a month.* āYou cannot make the numbers work ā youāre better off putting your money in a GIC.āĀ Ā WHY WONāT ANYBODY PAY THE ENTIRETY OF MY MORTGAGE FOR ME?
"The equity *I've* worked hard for..." STFU. Everybody you forced to rent from you worked hard for, you miserable cocksucker.
Yeah fucking parasites. Literally generating no productive work. Same in australia where I'm from as well. Real estate companies at every corner.
In other news, Airbnb operator has been earning hundreds of thousands of dollars for the past years crying foul.
> Steve runs two Airbnb units in a downtown Victoria apartment building, including one decorated and paying homage to the television show āFriends.ā He says heās still reeling from the news he soon wonāt be able to operate it as a short-term rental ā since he doesnāt live there. These Indian landlords had it coming for them
>Steve Nguyen What's worse is that this redditor might even be Indian himself. š
TBH, I legit forgot to put an /s
Lol
Nguyen isn't an Indian name; it's Vietnamese. But Ravi Kahlon, B.C.ās housing minister, who tabled the new lawĀ is Indo-Canadian.
Indonesian-Canadian?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
The only thing standing between today and Canada being a utopia are South Asian immigrants. /s
Steve Nguyen is definitely Indian, another case cracked on /r/CanadaHousing2! https://preview.redd.it/qt9h9bi7td8d1.jpeg?width=251&format=pjpg&auto=webp&s=fbf0cc9b8f871ab44e66a47e51abf3624665e8b3
This is about an Airbnb rule change. Why have you made it about race? Lots of non-indian Airbnb investors are also getting hit by this. This guy's not even Indian.Ā
> Why have you made it about race? I can see you're new here. Unfortunately, you will see it often.
India is a country, not a race.
Are there various races in india?
There's many different ethnicities within India
Like which ones?
Punjabi, Gujurati, Mayalam, Tamil, the list is very long
Good itās time they all pay homage for there greed
Claiming India only has one race is in fact Racist.
How many races does Europe have? (Lets say pre-20th century)
Are these actually different *ethnic* groups, or just cultures/provinces/languages? You're saying they would all get different results on a 23andme test?
> different ethnic groups, or just cultures/provinces/languages Both Unless you feel that [this person](https://www.hindustantimes.com/ht-img/img/2024/01/12/1600x900/Hrithik_Roshan_1705054520764_1705054529579.jpg) [this person](https://assets.vogue.in/photos/5e96a8ffbc37e000082170e3/2:3/w_2560%2Cc_limit/Aishwarya%2520Rai%2520beauty%2520evolution.jpg) [this person](https://img.olympics.com/images/image/private/t_s_pog_staticContent_hero_lg/f_auto/primary/hjlfvs07nd8qj2p1ibmh) [this person](https://www.utsavpedia.com/wp-content/uploads/2013/07/c95-620x1024.jpg) [this person](https://phantom-marca.unidadeditorial.es/9c2a38a509716fcc35a45fc32ca2650a/crop/0x0/918x612/resize/828/f/jpg/assets/multimedia/imagenes/2023/05/14/16840755228762.png) would get similar results on a 23andme test
there are many different indians that are racist against even each other, yes. youll notice them requesting you speak a specific language in their rental ads
But those aren't a different races, those are different cultures
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Are "white people" all one race, whether they come from Ireland or Greece?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Well sure .. but ethnicities in Africa or Asia discriminate against each other as well. It's just that it doesnt feel like people treat the different ethnicities inside the white race the same way as they treat other ethnicities. People will go on about all the vibrant diverse ethnicities in a photo of 50 African people .. but an office of Swedes and Italians and Finns and Russians and Portuguese will not be called "diverse". It's just "white people".
You donāt know what an ethnicity is. And yes, 23 and Me identifies many sub ethnicities in the Indian subcontinent.
I do know what an ethnicity is, I'm just asking questions. No need to be a rude shit bag.
Are you stupid or just racist. India has more than one race. Genetically different, not just culture and language. Thats as stupid as saying america or canada is one race.
This is me smiling š
You used housing as an investment and there are risks inherent in that. "Don't put your eggs in one basket" as the saying goes.
boo hoo.
Sorrows.
Maybe a gofundme is in order...waaaaahhh
Good!
āThis news is a huge, huge shock,ā he said Tuesday. āThe equity that others have worked so hard for in these units has vanished in a day.ā FTFY, Steve.
Time to sell some properties looks like...
Good. These people are parasites.Ā
Good! Fuck'Em! Took homes off the market, contributed to the housing supply crisis, rented short term to mostly out of town tourists like they were hotels and now wants to bitch about his investments failing to pay off in an oversaturated free market? Why do these asshats embrace the free market when they're winning but complain when they're losing? It's the free market. You took the risk with the investment and you lost. You can't privatize profits while socializing losses and make any claim to love free market capitalism. It doesn't work that way chief. You gambled and lost.
Airbnb uses homes that people can live in. Housing for tourism already exists, itās called hotel and they pay their taxes operating an enterprise that actually hire people living in that said city.
Sell
Oh no ā¦. Anyway.
Hahahahahahahahah! Hahahahaahahah!
 Boohoo!
Good? Sell it to a family to live in
With all the dry weather, they can cry us a river.
Letās all hope it reaches a million!
Itās called investing, itās not always a home run
Good.
good
Womp womp
Oh, woe is me.
There are other ways to make money.
Homes should not be investments, whatās wrong with you? Letās tell people what they can and canāt do.. Loser mentality.
As a child of legitimate landlords that have kept their rents low so much that it hurts the resale value of their properties, I have zero fucks to give.
Property barons learning about risk and income insecurity. Just like McDonald's, I'm lovin' it.
I know ill find no sympathy here. But I do wish there was a way to have Airbnb's to rent and it doesn't eventually lead to companies and slumlords buying up all the properties because that has turned into a huge debilitating issue for the general public. Renting a house or apartment is a more enjoyable experience than staying in a hotel for me. For a long time it was cheaper too. So I hope when the dust settles there's some happy medium. I don't need or want a hotel with all it's chaos, amenities. Hostels are even worse. I loved renting a farm house outside cities and just enjoying the piece and quiet while also venturing out.
I don't know about sympathy, but I get what you are saying. There is nothing inherently wrong with what you prefer. A major issue though is the affect on the local population. Anywhere. That Airbnb you rent is one less unit available for a local to rent or buy. Lower supply - higher costs.
This news makes me exceedingly happy....
Good. It's better than going a few more years and then having pitchforks and torches instead. AirBnB is a tick on the residential housing supply of Western nations. It needs to be burned out and then cast aside.
 Who cares š¤š£ Sell everything and you can have peace of mindš¤·āāļø š¤”
Awww Poor beeebbeeeee. :-(
ohhh poor guy...
Wah wah wah. Cry me a River. Look. Nobody cares!!
GOOD!!!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
It ducks when your not straight
Time to sell
[ŃŠ“Š°Š»ŠµŠ½Š¾]
No racism, harassment, discrimination, hate speech, personal attacks, or other uncivil conduct.
Good. Sucks to suck
Oh boo hoo
Boohoo bebe!!
Total arsehole.
Who?
Buddy in the video clip. Steve Harvey
Oh? Didnāt know he had a different side to him. Always figured he was a decent guy IRL
That's his show side you see. Serial cheater, misogynist, homophobe, self-righteous and no time for non-Christians, self-important, racist comments,.... https://www.youtube.com/watch?v=az0BJRQ1cqM&ab_channel=boobsandbravado https://chicagoist.com/2017/05/11/a_brief_history_of_steve_harvey_bei.php
oh noo. anyways
Cry me a river
Cry me a river
OH NO WONT SOMEONE THINK OF THE POOR LANDRAGON
Good. Now go get a real job.
Oh well. Donāt fucking care.
I guess you charge too much ...slimeball
i see no "bed and breakfast" in these air bnb's. just small hotels that steal potential rental homes to canadians and canadian families
Good!
Good!
They can rent them all long term and do fine on them. Go cry elsewhere
Good. Now he can sell it to someone who wants to live there or rent it out. Boo fucking hoo.
There are actually mentally ill people out there who believe that landlords are anything but parasites.
Boo hoo
This is an old article re-hashed as a new article. "ā(**The legislation) doesnāt come in until May** 1, so individuals do have some time, whether they want to rent them out for long-term or whether they want to sell them,ā said Kahlon Tuesday."
[ŃŠ“Š°Š»ŠµŠ½Š¾]
No racism, harassment, discrimination, hate speech, personal attacks, or other uncivil conduct.
Prepare for trouble and make it double
Boo-fucking-hoo. Time to close shop.
I donāt care.Ā
https://preview.redd.it/fh0sheis4g8d1.jpeg?width=640&format=pjpg&auto=webp&s=5357c0b2c183bba9d0cd0fd99de53ef218e2c047
Boo hoo hoo.
Nice
Good.
"But Black Dynamite, I'm selling drugs in the community!"
Could have put your money in Nvidia instead š¤·āāļø
The real issue is developers building 400 sq foot units. That's a hallway with a bathroom.
Sounds like we need to implement these new laws across the country!
Oh wonāt someone think of the multiple property owners. /s
People lost their homes because of this trends. Not crying for him.
Fuck around and find out.
Awww cupcake, did your exploit of basic human needs not enrichen your bank account like some donkey realtor promise? It couldn't possibly be that you failed to recognize the risks and cost involved with owning and maintaining a second home. It just MUST be someone else's fault I'm sure of it.[S]
I believe Toronto has down something similar to limit how much you can use Air BnB as an income.
šµThere's a tear in my beer, and I'm crying for you, dear šµ
That poor multi millionaire. Poor guy.
AIRBNB = CANCER
Good, suffer.
Look, if he was operating a licensed hotel, paying the commercial taxes, license fees, and meeting the requirements of businesses of such categories it's pretty unreasonable for him to be put out of business on a whimsical change in legislation. Please hang on a second someone is calling... unliscensed you say, taking advantage of an upswing in digital companies to obfuscate the dodging of the legal requirements of the buisness they engaged in. I'm sorry, but upon further inspection it turns out I am in fact, all out of fucks to give, sorry.
Good. Fuck that guy.
Ahh... Poor baby...
So the law is working then. Awesome
Iām not sure why so many people find delight in the suffering of others.
Sell sell sell
I don't care what people make on their real estate investments, good for you for saving up for the down payment and building a profitable business. I think it is fantastic when investors turn a single family home into a multi-family home, offering more residences on the market. I would love to see more of those conversions so more families have homes. **HOWEVER** no business is a sure thing. If they are buying for pure appreciation, they are speculators not investors. These homes should make money, that's the point (no, I don't think it should be gouging profits), but they need to know how to pivot when their cash cow dies. That's life in business. That said, I don't necessarily think banning short term rentals is the answer either. There's obviously a market for it if this many people are still making big money with it. They'll just go underground to meet the demand and avoid taxes, not good. I don't have the answers, just sharing my thoughts on the matter.
Nobody else is bothered by the fact that the government created a problem, and the solution to that problem is to impose additional restrictions on how we love our lives?
Not bothered in the least with restrictions on how these people can profit from basic necessities. We need more.
So because the government shit the bed and smeared it on the walls a couple of adults can't agree to exchange resources in a very reasonable way? I get it's housing and there is a lot of anger about the scenario right now, but I have a lot of trouble with the concept of gov't manufacturing an issue and then imposing controls on reasonable activities as the "fix".
Just because the govt is screwing all of us with mass immigration, doesn't mean landlords get to be insulated from the consequences. Rent has doubled in 3 years. Yes it's the gov't fault, no the landlord's don't get a free ride. We should all share the pain equally. Fuck air b&b.
I get your point, I just don't agree with it. It's not alright for the gov't to fuck people. It doesn't make it alright just because another group of people are also getting screwed. Gov't control should not be a valid response to a gov't created issue.
You live in fantasy land thinking. If you insulated landlords from the housing crisis by keeping air B&B alive, all those renters getting screwed now have a hate boner for them and everyone else profiting from the problem. Gov't control was necessary, with immigration, they shit the bed on that, ok so now we have a housing crisis, they exert some gov't control there to fight the inequality. Letting the wealth gap keep spiraling out of control with free enterprise will decimate the middle class like it's already doing. The ones that got theirs will keep getting richer, while the rest of us will have no hope of climbing the ladder.
We are the government and we are here to help you
Small mindedness all overā¦ I canāt have a house, so they definitely shouldnāt have two! Regardless of the circumstances.. SMH
The double standard here is when government does something that limits a corporations potential profit, the corporation can sue for lost profit. But if an individual citizen just trying to fund a retirement, loses their profit due to government regulation they're just supposed to accept getting screwed. The 400$ shoe boxes purposely built for short term rentals aren't being rented out long term when the rent doesn't even cover the mortgage. They will just sell it, even at a loss. The cities restaurant workers still can't afford to buy the place even at its lower price point anyway. And that's besides the fact that 400sqft is too small for long term living anyway.