This Vancouver home made $18K a month from short-term rentals. Are regulations working?
This Vancouver home made $18K a month from short-term rentals. Are regulations working?
globalnews.ca
This Vancouver home made $18K a month from short-term rentals. Are regulations working? | Globalnews.ca
Sure the city could increase enforcement, but in my mind this is a symptom of our nimby city underbuilding for decades. We've seen it in housing but this demand shows the problem exists in other areas like hotels too. When will we get a municipal government that actually delivers?
Airbnb's problem is that it socializes the cost of short-term housing, not that it's removing housing supply.
While it is removing housing supply, that's a problem of underbuilding (as you mentioned).