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Being partly responsible for increasing rent in the city, blatantly ignoring city's bylaws and zoning laws, having to deal with some Airbnb neighbors from hell
by parthdesai 7y ago
Being partly responsible for increasing rent in the city, blatantly ignoring city's bylaws and zoning laws, having to deal with some Airbnb neighbors from hell while Airbnb preached the Silicon valley cool aid of we are changing the world and actually helping people, I would be lying if I said that I'm not a tiny bit happy to see this.
Already ton's of apartment have started popping for long term lease here in TO.
- toomuchtodo 7y agoThe cool part is all of these units that were AirBNB units owners are struggling with might get locked into year long leases to stem the bleeding, keeping them out of short term rental inventory for a year. This might cause a material decline in YoY revenue for AirBNB over the next year, depending on how long lockdown lasts, which is unfortunate timing considering their new financing arrangement.
- nemo44x 7y agoIn a lot of markets it’s going to be hard for land lords to kick these tenants out too. Many speculators are probably getting panicked here and they’ll rent long term and not easily be able to go back into short term any time soon due to renters rights in certain places.
- roel_v 7y agoI'm in a house right now, sitting out the virus thing, that cost $60/night, which used to cost >$250 just 2 months ago... I'm renting longish term (few weeks), but still - that's a deep discount...