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.
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?
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).