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Do you actually believe that you have equal amount of Airbnb's in Jane and Finch compared to Entertainment district even though population in the respective are
by parthdesai 7y ago
Do you actually believe that you have equal amount of Airbnb's in Jane and Finch compared to Entertainment district even though population in the respective areas might be comparable?
- ng12 7y agoAgain really not sure what your point is. If you can't afford Entertainment district move to another one -- unless you're arguing that AirBnB is the reason why the Entertainment district is expensive.
- Retric 7y agoIt’s clearly increasing the price over what it would be. Just because X is affordable does not make X + a little bit more affordable. So, now you not only displace people from that location you want the displacement to casecade across the rental market forcing large numbers of people to have a worse commute and or pay more in rent. Perhaps some people could possibly have a major problem with that idea. PS: You can actually just search locations on Airbnb it’s rather concentrated magnifying this impact.
- parthdesai 7y agoAirbnb is a part of the reason. There are studies out there that show that the rents in nicer neighbourhoods have gone up more than the average increase in the city. It is easier for the landlords to Airbnb the unit and make more money compared to renting it out long term. This decreases the supply of available long term units, which in turn increases the rent. Now is Airbnb the only cause for increase in rental prices? Hell no, but it definitely is a catalyst. I do think that Airbnb is beneficial if it was used the way it was meant to be, but it just has become another investment avenue for the rich now while fucking over people who actually work and live in the city but can't afford to buy a place.