…and it ends up being a cascade of new regulations to try and address the unforeseen consequences of the previous regulation. Eventually you end up like San Francisco where no new housing ever gets built ever again and prices are sky-high because of it.
Yes. Most places have had unregulated property market like forever and are similary broken by speculation, collusion, price fixing and just exploitation of tenants.
The regulations actually attempts to answer this. They might not work well but atleast somebody is trying to do something.
The notion that if you got rid of the regulation and suddently situation would fix itself is suspiciously naive.
Doesn't that make it worse for people who want to rent AirBNBs?
I think the solution is to overbuild like crazy. Particularly in Canada where there is infinite land. People will be less interested in speculating as there is no supply limit. Cheap real estate is a net good for humanity.