This type of rhetoric seems to always point at “oh but it’s something else that’s the problem, leave my airbnbs alone there are too few of them”
https://www.toronto.ca/legdocs/mmis/2021/ph/bgrd/backgroundfile-166717.pdf read some actual studies and see how much of the real estate stock is held by short term rentals and tell us about how those few properties have low impact on property prices. I’d love to see what kind of impact Toronto would have if those 9100 dwellings would be available to Torontonians. That’s about 56 dense,mid rise apartment buildings of housing.
Sorry, but the financialization of housing is a real issue that needs to get addressed.
Because you’re saying “don’t worry about the already built housing people sit on for short term rentals, those don’t count” they do count, there are a lot of them. How long would it take to build 9100 units in Toronto vs immediately dumpstering the airbnbs and forcing sale or long term rentals. There’s a part of the issue that you just might not be aware of, it’s the fucking vacant homes that sit there empty, making loads of cash during busy season.
You’re right, building more is good, but without bans on short term rentals and proper regulations around multi home ownership we’re just gonna build more units for landlords.
without bans on short term rentals and proper regulations around multi home ownership we’re just gonna build more units for landlords.
I disagree. The main issue is lack of supply. Freeing up a few units here and there is merely providing a little short term relieve without doing anything to address the main issue. Get sufficient housing built, and the short term rental market wouldn’t be an issue.
You seem to completely disregard the fact that freeing up “a few units here and there” will have a material impact that lessens the need for immediate building of more houses in already overpopulated areas. I’m not saying, by any stretch, that we shouldn’t build but obfuscating the issue with another does not help. The short term rental market is an issue for a lot of people.
This type of rhetoric seems to always point at “oh but it’s something else that’s the problem, leave my airbnbs alone there are too few of them”
https://www.toronto.ca/legdocs/mmis/2021/ph/bgrd/backgroundfile-166717.pdf read some actual studies and see how much of the real estate stock is held by short term rentals and tell us about how those few properties have low impact on property prices. I’d love to see what kind of impact Toronto would have if those 9100 dwellings would be available to Torontonians. That’s about 56 dense,mid rise apartment buildings of housing.
Sorry, but the financialization of housing is a real issue that needs to get addressed.
I’m pointing at ‘Build more fucking housing so I can afford to buy some’, I’m not sure why that appears to be so controversial.
Because you’re saying “don’t worry about the already built housing people sit on for short term rentals, those don’t count” they do count, there are a lot of them. How long would it take to build 9100 units in Toronto vs immediately dumpstering the airbnbs and forcing sale or long term rentals. There’s a part of the issue that you just might not be aware of, it’s the fucking vacant homes that sit there empty, making loads of cash during busy season.
You’re right, building more is good, but without bans on short term rentals and proper regulations around multi home ownership we’re just gonna build more units for landlords.
I disagree. The main issue is lack of supply. Freeing up a few units here and there is merely providing a little short term relieve without doing anything to address the main issue. Get sufficient housing built, and the short term rental market wouldn’t be an issue.
You seem to completely disregard the fact that freeing up “a few units here and there” will have a material impact that lessens the need for immediate building of more houses in already overpopulated areas. I’m not saying, by any stretch, that we shouldn’t build but obfuscating the issue with another does not help. The short term rental market is an issue for a lot of people.