This Airbnb alternative won’t destroy Canada’s housing market
This Airbnb alternative won’t destroy Canada’s housing market

This Airbnb alternative won't destroy Canada's housing market ⋆ The Breach

Fairbnb’s new co-op platform aims to offer short-term rentals without the destructive side effects by Kunal Chaudhary • The Breach
You can't redistribute your way out of a shortage. Any solution to the housing crisis that doesn't involve a shitload more housing is rearranging the deck-chairs on the Titanic.
It’s more than just that though. Adding more housing to the market without dealing with large scale short term rentals and people hoarding investment properties will just lead to more hoarding as the people who already own property use the basically nonexistent interest rate to leverage their assets to keep buying up more profit properties.
They’ve already tackled interest, but they still need to do the rest before building more will actually help.
In the meantime, freeing up housing not currently available to homebuyers who want somewhere to live would certainly help, and would free up more long term rentals as well, which would help with the absurd prices rentals have reached.
No. The fix is to correct the issue of investors.
Punishing housing taxes of 50% of the value of the house per year for every house per family beyond the first.
Ban ownership of housing by companies and all non-permanent residents.
Great, so some renters convert into owners, but net occupancy doesn't change, rent doesn't go down, and the market gets worse because there's less incentive to build more.
Then what?
I like the idea, but how would that work for apartment buildings?
I thought building more houses required backhoes and concrete, but you do it your way and see how that works.
This isn't a really good take, but I keep hearing it all the time. There's around 2.4 people per housing unit in Canada based on the latest data from Stats Canada and CMHC. That's not really a shortage, between families and room mates it's very easy to fit that 2.4 number into what we have available.
The "shortage" is people wanting it a) at a lower price and b) wanting larger housing than they currently have. c) wanting it in specific places that are highly desirable (specific cities)
I'm not saying it's wrong to want larger houses or want it cheaper, but there isn't actually a shortage of housing to meet people's basic needs.
If someone wants to eat a steak, but can't afford it, we don't say there's a shortage of beef. If someone had the money but couldn't buy it because it wasn't available at the grocery store or butcher, that's an actual shortage.
It's lower in every other G7 country.
2.4 might not sound like much, but then consider all the single people living alone. We could live in bigger groups like they do in the third world, but that's going to be unpopular with a lot of people.
Yes, yes it is. But again that's do to low supply shifting equilibrium prices higher.
The shortage is investors hoarding.
Explain your reasoning to mulriple people I know renting a single room or a basement while the entire rest of house is empty due to the foreign owner moving back to thier country after adding a single person to get around vacancy law. one friend hasn't seen their owner in over 3 years. 3500 sq ft home empty. There are tons of these that drive housing scarcity and can't go above 2.4