What about the cities where Airbnb skirts the regulation and zoning and makes it a hell for people living there? What about Airbnb filing a lawsuit against cities when city wants an occupancy tax? If Airbnb was so serious about helping hosts pay their rent, it would only allow one unit per person/owner to be listed on the platform and honour the day limit imposed by some cities. You and I both know it very well that Airbnb is nothing but a glorified hotel now. There are studies out there that nicer neighbourhoods of the city where Airbnbs tend to concentrate have seen more increase in rent compared to other neighbourhoods.
I really liked, in fact love the idea of Airbnb if it functioned the way it was supposed to be. But all it has done in desirable cities (speaking of Toronto in my case) is take units off the market for long term renters who actually live and work in the city, thus contributing to increase in rental prices and make it tougher for people to buy their first unit since people are investing money into buying x+1st property to Airbnb in it. I'll appreciate it if you actually reply to this post, and i'm willing to discuss it further.
Ah yes, think of the poor high-rise owners who won't take on long-term tenants because they make more from tourists. How else would they afford their vacation home
What about the cities where Airbnb skirts the regulation and zoning and makes it a hell for people living there? What about Airbnb filing a lawsuit against cities when city wants an occupancy tax? If Airbnb was so serious about helping hosts pay their rent, it would only allow one unit per person/owner to be listed on the platform and honour the day limit imposed by some cities. You and I both know it very well that Airbnb is nothing but a glorified hotel now. There are studies out there that nicer neighbourhoods of the city where Airbnbs tend to concentrate have seen more increase in rent compared to other neighbourhoods.
I really liked, in fact love the idea of Airbnb if it functioned the way it was supposed to be. But all it has done in desirable cities (speaking of Toronto in my case) is take units off the market for long term renters who actually live and work in the city, thus contributing to increase in rental prices and make it tougher for people to buy their first unit since people are investing money into buying x+1st property to Airbnb in it. I'll appreciate it if you actually reply to this post, and i'm willing to discuss it further.