this post was submitted on 04 Nov 2023
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What happened to Airbnb?::Financially, the Airbnb is thriving, but guests, hosts, and cities have had enough.

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[–] shartedchocolate 32 points 1 year ago (1 children)

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.