4 ms·

The title is misleading. There's nothing to see here folks. Airbnb _only_ rents properties. Nothing has been removed. The owners of the properties are probably

The title is misleading. There's nothing to see here folks. Airbnb _only_ rents properties. Nothing has been removed. The owners of the properties are probably making more money with short-term rentals than long-term. Everyone involved with the transaction is acting rational.

herodotus 7y ago
When people live and work in a city, and if they cannot or do not want to buy a property, they are looking for a rental agreement that typically guarantees them a place for a year, and is renewable. This is completely different from an Airbnb rental. For owners or rental units (such as basement suites), much more money is to be made with Airbnb, because people who are staying for 5 days pay rates that are was higher than the typical yearly rental fee for the same place. So of course many owners go the Airbnb route. And those units are lost to the other rental market. For my city (Vancouver) this has contributed to the housing market pain that exists here. And it affects real people in real ways. There is plenty to see and think about here.
- marcrosoft 7y ago
  > When people live and work in a city, and if they cannot or do not want to buy a property, they are looking for a rental agreement that typically guarantees them a place for a year, and is renewable. I had to stop here. 1. It is not always the case but that person (fortunately) has the freedom to choose another location. 2. Guarantees don't really exist unless you are talking physics theory and even that sometimes surprises people. > much more money is to be made with Airbnb, because people who are staying for 5 days pay rates that are was higher than the typical yearly rental fee for the same place. You made my original point. This transaction is a win-win for both parties involved. The rest of your argument centers around stifling this transaction to subsidize an artificial-non-sustainable market. Yes, this effects real people in real ways but they need to take _personal_ action and do what's best for them personally instead of effecting change on the rest of the area.
  - mikehodgson 7y ago
    So it's alright for one group to affect change on the area, but not the other? We should just suck it up, let foreign investors buy up property to rent to other foreigners, and commute a couple of hours to work every day instead? Canadians are polite, but we're not THAT polite.

herodotus 7y ago

When people live and work in a city, and if they cannot or do not want to buy a property, they are looking for a rental agreement that typically guarantees them a place for a year, and is renewable. This is completely different from an Airbnb rental. For owners or rental units (such as basement suites), much more money is to be made with Airbnb, because people who are staying for 5 days pay rates that are was higher than the typical yearly rental fee for the same place. So of course many owners go the Airbnb route. And those units are lost to the other rental market. For my city (Vancouver) this has contributed to the housing market pain that exists here. And it affects real people in real ways. There is plenty to see and think about here.

marcrosoft 7y ago
> When people live and work in a city, and if they cannot or do not want to buy a property, they are looking for a rental agreement that typically guarantees them a place for a year, and is renewable. I had to stop here. 1. It is not always the case but that person (fortunately) has the freedom to choose another location. 2. Guarantees don't really exist unless you are talking physics theory and even that sometimes surprises people. > much more money is to be made with Airbnb, because people who are staying for 5 days pay rates that are was higher than the typical yearly rental fee for the same place. You made my original point. This transaction is a win-win for both parties involved. The rest of your argument centers around stifling this transaction to subsidize an artificial-non-sustainable market. Yes, this effects real people in real ways but they need to take _personal_ action and do what's best for them personally instead of effecting change on the rest of the area.
- mikehodgson 7y ago
  So it's alright for one group to affect change on the area, but not the other? We should just suck it up, let foreign investors buy up property to rent to other foreigners, and commute a couple of hours to work every day instead? Canadians are polite, but we're not THAT polite.