This Vancouver home made $18K a month from short-term rentals. Are regulations working? | Globalnews.ca
globalnews.ca
The number of short-term rentals in Vancouver has exploded in recent years, and critics say regulations aren't tough enough to ensure they aren't taking needed housing stock.
  • RehRomano@lemmy.caOP
    4·
    1 year ago

    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?

    • zephyreks@lemmy.ca
      2·
      1 year ago

      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).

  • Nogami@lemmy.world
    31·
    1 year ago

    I assume that’s “made” before any expenses and taxes? Because that’s the way these clickbaity articles work.