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What will happen when the market contracts and people don't travel much? I know a couple in Canada that have acquired 7 homes in the last few years strictly fo
by segmondy 7y ago
What will happen when the market contracts and people don't travel much? I know a couple in Canada that have acquired 7 homes in the last few years strictly for Airbnb rentals.
- loceng 7y agoThe thought with a few commercial Airbnb people I know is that, at least in major Canadian cities, the demand for living in Canada won't allow this to happen. What's more likely are controls that will be put into place to extract more of the profit, making it less profitable to run such a business, in order to fund displacement from gentrification and low-income housing projects. This is however one of those invisible beasts that has enough people + Airbnb as an organization aligned to lobby politicians to push back against any legislation that will harm their profits.