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AirBnB means the income a property can gives is based on worldwide incomes. This is incredibly dangerous for somewhere with lower wages/cost of living (which th
by advisedwang 3y ago
AirBnB means the income a property can gives is based on worldwide incomes. This is incredibly dangerous for somewhere with lower wages/cost of living (which the article says includes Montreal), as now basically every property can make more as an AirBnB than it could renting to local people.
When tourists can afford more than locals, the "efficient" market solution is to ensure the tourist market is fully supplied, even if the local market is not.
- anon-sre-srm 3y agoI think we should severely tax air travel because of the climate change contribution and of the tourist temporary hipster gentrification causing permanent damage.
- danlugo92 3y ago> lower wages/cost of living (which the article says includes Montreal) I mean, the "digital nomad" market is pretty big and sure it will include a lot of "whales", thus "beating out" the local market... Not sure how that includes Montreal but for example it might not include Geneva for example I think...? _thinking_emoji_