| > That requirement is as sensible as saying that vancouver should outlaw residents from vacationing outside vancouver to ensure there are no vacant properties. Its not the goal to maximize each minute within a housing unit, thats not something you want to focus on. I think you're confused about what I'm saying here. I'm not stating that this is legislation I'd hope to have passed--I'm saying that your point (short term rentals don't decrease effective housing availability in Vancouver) can only be true if certain conditions are met--your main point here, being covered in c) 'the dwelling rented is the principal residence of the owner.' This agreement with AirBnB is a step towards acknowledging this. Mostly, though, I think your response indicates more strongly that you're just confused about Vancouver as a city. Things that work elsewhere in the world (eg: flat expansion) don't work for Vancouver due to ocean to the west, the US border on the south, and mountains/other townships already experiencing housing pains on the north and east. Things that most other places care about (eg: AirBnB tourism) don't apply so much to Vancouver, as almost all our tourists either go to Whistler or arrives on cruise ships (and thus needs no AirBnB). The hotels and hostels have more than enough capacity to handle the rest. It's a fact of the matter that landlords buying multiple apartments to rent out temporary AirBnBs reduces housing stock, just as it's a fact that refusing to rezone certain areas of Vancouver reduces potential house stock. > I can tell you people travel a lot more because of airbnb I agree, but it's not pertinent to discussion w.r.t. Vancouver. > and that there are way more cities that don't care about airbnb at all because it doesnt affect their housing market significantly. I agree, but it's not pertinent to discussion w.r.t. Vancouver. |
In a pre-hotel era, it could have been also argued that hotels reduce the housing stock. After all, if long term residents dont use them, you could build residents in that place.
It has to be made absolutely clear that favoring long term residents over short term residents is a matter of power not of economics. It is a modern attempt at a tariff, or at an import restriction.
Vancouver might not be able to expand sideways but it can expand up. But lets say for the sake of argument it is impossible to build even a single dwelling unit more. Who is to say what each unit provides as maximum value? Why do you think that long term residents are more valuable to the city than short term residents even when they pay less, and where do you draw the line between allowing airbnbs or banning hotels. Or putting tourist quotas or tariffs.
> I agree, but it's not pertinent to discussion w.r.t. Vancouver.
It is very much pertinent to vancouver. They have a disease that would exist with or without airbnb, which is the affordability of the housing stock. Airbnb might aggravate that like eating ice cream aggravates your indigestion. That doesnt mean the proper solution is to 'regulate' ice cream.