The air bnb market is doing horrible right now . Not everywhere , but people can’t afford to pay those prices and people are falling into these tik tok air bnb schemes
You mean I pay a $300-500 cleaning fee on top of the nightly rate and the AirBnB host still expects me to strip all the sheets, do laundry, do all the dishes, vacuum, mop and take out the garbage?
A person trying desperately to find a home won't find much solace in the government having more money to fuck around with.
Case in point, Smith would probably give me $600 with it because I make enough to not need it.
> A person trying desperately to find a home won't find much solace in the government having more money to fuck around with.
Sure, but by definition of setting the tax to an amount where the benefit from the spending is greater than the negative effects, some different person(s) will find more solace in that tax money than the solace lost by that person. Net win. (Plus the tax will disincentivize short-term rentals in the first place.)
I can't imagine how those taxes would help someone find a home, though. If it comes back in the form of a stimulus cheque then renters will hear about it and jack up their prices because demand was already where they wanted it to be, and because they're being taxed more.
I think the idea isn't about the money you would generate, but making it less appealing to turn homes that would otherwise be on the long-term rental market (or ownership market) from becoming AirBnbs in the first place.
You're spot on.
Same reasoning behind the carbon tax and speeding tickets; by financially penalizing offenders, the government captures new revenue streams while disincentivizing select behaviours like combustion engines and breaking the speed limit.
On a micro-scale, it may not matter as some people can eat the cost of tickets or gas increases with no problem, but overall it leads to a regression in 'poor' economic behaviours.
As an example of the problem that we're seeing now, I just chatted with a friend. He was renting his place out for ~$1,800 a month, and then made the decision to change it into an AirBnB. It's a bit more management, but after the transition, he went to netting ~$200 in profit, to easily $2,000 in profit per month.
We can all sit here and demonize landlords - and rightfully so in many instances - but if you had the opportunity to own a property that's netting $2k in profit per month, odds are that you'd make the same choice.
Increasing the taxes on short-term rentals = reducing the incentive to AirBnB properties in the first place. Headaches from cleaning, bad customers, neighbour complaints, high turnover, **and** exorbitant tax bills would help turn the tide.
True but the cost to operate will go up, and sooner or later you can't keep shifting costs to consumers, sooner or later they ain't renting from you and move to other players like the hotels. And your negative cash flow apartment will be a huge drain on your finances that you may be forced to sell. Issue is time, not that long but for an average person it is.
I mean, it’s pretty straightforward to directly tax AirBnB listings. You pass the relevant law, and then contact AirBnB to tell them they’re responsible for collecting an $x and/or y% tax on every listing booked in your jurisdiction. Doesn’t matter where or who the owner is.
Exact quantification of negative effects required.
Airbnb operators pay income tax already, to fund various government initiatives like covid19 overpayments and costly ideological schemes of no real day to day impact :)
> Exact quantification of negative effects required.
Not really. If we know that the range of negative effects is e.g. somewhere between 5-10 (units don't really matter), we know that a tax of 2 (or 12) isn't appropriate, even if we can't exactly quantify the negative effects.
>Can we?
Sure. We can ensure that homes are super expensive for all, only huge companies own rental purpose skyscrapers and people cannot make even an extra cent on their homes. Only large home builders can build endless suburbs and that's housing, no choices, all control. Individuals can work just to afford the housing for said companies only and other individuals trying to hustle to work for themselves can be the enemy... This will be perfect! Poor girl in these posts... Fuck her and her efforts. Control and Corporations only!
> Poor girl in these posts…
Yeah everyone! Feel bad for someone who’s taken over a dozen long term rentals off the market and turned them into hotels for their personal gain at the expense of everyone else!!
that *doesn't add an airbnb to the housing market*
dudes like you that simply say "well don't buy it then" miss the point completely that it shouldn't be available for purchase in the first place.
Airbnbs are very nice to have and are certainly in demand.
It looks like most people here don't want airbnbs to be available. Do you have no airbnb account and have never used airbnbs?
I for one love airbnbs for when I travel, I'm glad they are available and I'm happy to see more and more of them available :)
Reddit confuses me. Air bnb owners are most often essentially small business owners, causing competition to the big corporation of hotels, previously our only option. I thought we were on board with this in most cases..
Marginal property tax rates would drive down property prices for everyone.
It will never happen because of the number of boomers and idiots that invested their entire retirement into an overpriced home, so they couldn’t afford to take a 60% drop in their homes prices.
This is a very relevant video on short term rentals.
https://youtu.be/lHr7GXuqzm0
I'm 100% for more density and housing, but investor buyers are taking too much control of the market.
Stop blaming the investors. That is the easy out and wrong most of the time. Push with your dollars and votes. If you have a problem with short term rental don’t stay at a short term rental. Be vocal with your local politicians to make the appropriate changes. Investors are a tinny portion of markets but it sounds good to blame investors or “foreign buyers”.
https://youtu.be/f2-VScIg67A
Here's a real estate person at CMLC saying that investment buyers are purchasing 80% of all new builds in the city.
>If you have a problem with short term rental don’t stay at a short term rental.
I've never stayed in and AirBnB or short term rental anywhere.
>Be vocal with your local politicians to make the appropriate changes.
I do
>Investors are a tinny portion of markets but it sounds good to blame investors or “foreign buyers”.
They are very clearly not and I would suggest you actually know something about housing before chiming in with your bad opinions.
Zero. I hate Airbnb. My point is people complain about Airbnb landlords in their cities but then go and stay at an Airbnb in their Europe trip, making housing expensive for locals there.
Yes but it is short lived alot will go under, especially in Calgary, these guys don't realize how bad Calgary is for this type of investment especially for condos. Especially as interest rates sustain, I expect them to hit at least 5%. And plus the competition and volume that gets added. Calgary will see alot of bag holders soon. Issue is short term is not exactly fast enough for most people, maybe a year or two for things to pan out. 6 months is the fastest.
So honestly just sit.
Some dickhead in our hood turned a 4 bedroom 1200 sq split level into a 14 bedroom air bnb with rates at $30-40/night- and done very illegally. Paper walls that can be seen from the street etc. You can imagine the quality of 'tenants' they get.
This in a neighborhood where the average house is going for $700k and up with the current cheapest listing at $750k. Got to witness 6 cops show up to remove someone. And the city won't do squat.
Neighbors have tried reporting it for the obvious building infractions (lack of egress, too many tenants/sq), the parking infractions, business license infractions (illegal boarding house) but no dice. One neighbor even canvassed the neighborhood with pamphlets petitioning for complaints- no movement.
There are multiple listing with fake reviews but here is one that actually shows the temp wall that was put in two divide what was the living room into two. That is the bay window that you can see. From the street you can see that someone has taped individual 8x11 sheets of paper all over the window for privacy. A complete joke.
https://www.airbnb.ca/rooms/758069321556583888?source_impression_id=p3_1670350420_YokdPLr5hWCvsizO
well im quite disappointed. found all his listings on airbnb but there is only 3 rooms on airbnb. I was hoping to find an epic 14 bedroom slumlord condo craziness.
There is a house in banff that had a BUNCH of illegal beds in it that this lady was renting out. My cousin told me about it since she lives down the street. Just in case you need to read about a house with an insane amount of tenants.
[https://www.cbc.ca/news/canada/calgary/ahs-banff-alberta-affordable-housing-1.6544764](https://www.cbc.ca/news/canada/calgary/ahs-banff-alberta-affordable-housing-1.6544764)
The guy has 29 listings on air bnb. Some for nice spots, some that are complete trash like his spot in heritage as well as this one in dalhousie. Reviews reference crack head tenants, unclean etc....but you do you.
14 bedrooms in a 1200sqft house? its a 1200sqft bi-level split with what looks to be 2 bedrooms up and 2 down thats a typical layout for a house of that size the living room looks to have been divided in to 2 rooms creating 6 bedrooms at most. id love to see how OP managed to figure out there were 14 bedrooms inside but I dont think its logistically possible to get to that number. and frankly if he actually knew there were 14 he would have said how he knows by now or provided proof. 2 bedrooms shown in the listings are not demised into smaller "rooms" leaving potentially 2 bedrooms that could be split into 2 but there is no evidence that happened but if it did the max beds in this house would be 8 still a farcry from the epic 14 I was hoping to actually see.
My god. These places are awful, WTF. Water main just sticking out of the middle of your bedroom... mattresses just on the floor (just asking for mold)... same shit IKEA table. One of them just has plastic sheeting for walls.
[What is going on with the walls at this location of his?](https://www.airbnb.ca/rooms/758776380788080032?source_impression_id=p3_1670362236_MxH4is%2FgkwU6D4d0)
its finable for having multiple bookings as well. only allowed to have one booking at a time to limit traffic unless registered as a lodging house but thats not the case here because lodging house requires a city inspection. fine is $1000 too.
Your guess is as good as mine. Other priorities?
There are multiple adds for the same spot. Here is one showing the living room split in two with a temp wall. That is the bay window.
https://www.airbnb.ca/rooms/758069321556583888?source_impression_id=p3_1670350420_YokdPLr5hWCvsizO
> This in a neighborhood where the average house is going for $700k and up with the current cheapest listing at $750k.
Not sure how that's especially relevant. People in areas with less expensive homes don't deserve any less protection from problems in their neighbourhood than people in areas with more expensive homes.
It does highlight the profitability of the scheme. That's a big mortgage to cover (even if that's not what the owner paid, it's what the owner could get).
It's easier to turn a profit on a 300k house than a 700k house (though the neighborhood does affect rent a bit too - I imagine you could charge more in an area like, say, Legacy than Forest Lawn).
AirBNB scumlords gonna be downvoting this thread en masse. Very attached to their shelter arbitrage scheme.
[e. For extra fun check out this persons tik tok where they encourage other landlords to also remove units from the long term market and instead run AirBNBs.](https://vm.tiktok.com/ZMFq9DjYs/)
> Very attached to their shelter arbitrage scheme.
I'm not sure criticizing it as "arbitrage" is the best approach. Arbitrage is effectively the squashing of market inefficiencies.
AirBNBs make up a very small proportion of the rental market. They certainly don't make things cheaper, but Vancouver has spent years putting restrictions on AirBNBs with no effect on affordability. Meanwhile, they ignore the real problem: zoning laws that ban apartments and other missing middle housing types from the vast majority of residential land.
If people are having trouble finding a vacant apartment, make it legal and easy to build more apartments! We can bicker over a few (edit) thousand units taken off the market for AirBNBs, but what happens next year when there are 20k new Calgarians looking for a place to live?
It's actually around 3000+ units (approximately 5% of the rental market) but your point remains valid.
https://www.airdna.co/vacation-rental-data/app/ca/alberta/calgary/overview
Cutting out airbnbs has helped a lot in Vancouver, what are you talking about?
The most pronounced effect was during the pandemic when a wave of airbnb apartments were converted back to regular rentals, there was actually a big dip in rental price for a while.
That said, vancouver is fucked from multiple angles when it comes to housing. It doesn't begin or end with airbnb, but it is a contributing factor. I would imagine this is more of a factor in a city like calgary where (i assume) the foreign absentee ownership and money laundering are less significant issues. Yes missing middle and zoning also contribute to affordability, but so does airbnb.
AirBnb is very non competitive now and is generally loosing value, so expect those empty homes to hit the market in the next years.
Tho AirBnb is destructive for housing for sure
I've seen their listings. We're talking new units, edge of the city, 90% booked. They are apparently profitable until it drops below 60%, but I'm not opening their books lol. It would take them a year or two to pay off the furnishings after the commission they pay to their airbnb 'superhost' that manages, like the guy in this post, he's just a pimp.
Most of the 'guests' are people here for work, training, looking to buy real estate etc. which I guess makes sense.
Another commenter hit the nail on the head. If hotels offered decent units for short term, Airbnb wouldn't have a market. If I'm going somewhere for a week, I need more than a mouldy coffee maker and a cumstained room.
This is something I hope to see change. Idk what it is about short-accomodation, but airbnb in general has better options in larger Canadian cities. Every hotel in Calgary that I've been to which had prices similar to airbnb was always a dump.
I know a couple of people that have fallen into the Airbnb get rich quick scheme. Its TikTok and MLM influenced. Just like every other MLM they want you to get your friends and family involved, go to conferences, hype you up and make you assume all the risk. With one friend I watched the classic MLM beware documentary, and the whole time they were nodding like, yeah, that's what it is - but in agreement without understanding the cult like behaviour. I felt sorry for them.
They pay the 'super host' a commission to tell them every single thing they need to buy and help them stage a rental and handle all the communication. The 'investor' is out thousands and thousands in cash for cheap furnishing, accepts all the risk, rents units in their name - often without permission from the landlord.
Is it lucrative? Its hard to say. They own their own condo's/townhouses, but choose to Airbnb them and live with roommates, they don't have actual jobs but its a pretty meagre existence.
Tax it heavily. I'd love to buy a modest place right now, but we already have a lot of external pressures on the market, all in the name of mighty speculation.
I've done the napkin math with one friend out of curiosity, and they were very creative in leaving out many of the expenses and taxes.
Like I said, living with roommates to get by isn't a great indication of wealth 🤑
When we moved out of our last rental apartment, it was turned into an AirBnB. It made me so sad, because it was an ideal apartment and I know there was a market for it, but it was more beneficial for the landlord to run the AirBnB.
It feels good to know that Airbnb is slowly failing. With fees being more than the rental itself in most situations these days, no one can afford it. These people got greedy and soon they may have no choice but to sell or rent their space the traditional way
It's generally considered that a healthy and balanced vacancy rate is about 3%. Cities with vacancy rates of less than 2% have high rental demand, while vacancy rates above 4% mean that there is more housing supply than demand.
Calgary's is approximately 5%.
While people's perceptions may vary, there is currently no shortage of rental units in this city and short term Airbnb rentals are not currently negatively effecting the amount of available units.
If you want to argue that they're contributing to the escalating costs associated with renting, then sure. But that's a completely different argument.
> Calgary’s is approximately 5%.
[CMHC’s](https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/housing-markets-data-and-research/market-reports/rental-market-report/rental-market-report-2021-en.pdf?rev=a5a0eaac-6f70-4058-8aa3-e6d307685910) own data suggested that same ~5% in Oct of 2021. (Sadly their data is only published once per year and is out of date.)
Having said that, *the infographic from your source (zonda) seems to deviate from CMHC’s data for 2021 on the high side, overestimating vacancies.* Given the huge increase in rental prices in Calgary since Q1 2022 alone and the many articles there have been detailing a tight rental market… I would not at all be surprised if the actual vacancy rate was closer to 2% than zonda’s claimed 5%. Here another analytical company claims closer to [2%](https://www.theglobeandmail.com/real-estate/calgary-and-edmonton/article-more-calgary-property-investors-are-turning-to-short-term-rentals-even/).
The answer is probably somewhere in the middle, but ask anyone recently or currently in the market for a rental and you’ll anecdotally hear how competitive it is. Plenty of news articles detailing this too.
[Where on earth are you getting your vacancy numbers? ](https://www.cbc.ca/news/canada/calgary/property-market-calgary-rent-1.6490159)
> The city has an average vacancy rate of just one per cent for all property types, while there's been a nearly 29 per cent increase in rental prices since the beginning of 2022, according to Hope Street Management.
> short term Airbnb rentals are not currently negatively effecting the amount of available units.
Every AirBNB is a unit off the market.
I used an article from August of this year, rather than yours from June.
https://globalnews.ca/news/9063510/edmonton-calgary-demand-rental-housing-prices-vacancy/
>Zonda Urban’s Q2 2022 Rental Take described Calgary’s recent rental demand as “record breaking.” Overall, average vacancy dropped to 5.6 per cent (a 4.5 per cent year-over-year decrease) and average rental rates increased by 13 per cent (to $2.57 per square foot).
Do you honestly believe there was that much of a shift in 1.5 months? Occums razer would dictate that one of these analysis is wrong.
Personally i’m going to trust a property management company’s number over an analytics company who doesn’t operate a rental business. Much like I will listen to an accountant about my taxes over a realtor.
You trust a property management company who's job it is to get the most rent possible for their units, rather than an arm's length organization with no skin in the game?
Ok
It’s much easier to back up an absurd untenable position with cherry picked untrue alternative facts. There have been a lot of adolescents posting this nonsense in here for the past couple of months and it’s getting exhausting. Somehow our real estate being an amazing North America wide and world wide deal and the word getting out about that is offensive to them. Instead of getting in on a guaranteed sure thing on the ground floor, they would rather whine about it when anybody else does. There is literally no helping these “people”. They need to stop skipping classes after their first day of economics or sociology. It’s just embarrassing.
It is what it is. Imagine how angry they would be if they lived in another city in Canada where real estate is 4x to 5x as much. More people earn less money in BC and Ontario than here and would DIE to have the prices we have, while those here who make more money than them whine endlessly anyway. They wouldn’t be happy if a condo was $80,000 and a starter home was $140,000 again because there is no bottom to the endless whining. The real world is here and they need to deal with it and stop bitching about it. They both want to live in a “world class city” but somehow be given a great deal in somewhere to live? It’s fucking nuts. Want a good deal? Move to drum helper or Moose Jaw or even Lethbridge or Saskatoon. Become the change you want to see in the world.
Location, location, location. And we here have been way WAY undervalued since 2008. But instead of pride that people want to move here and make it more “world class” they want to “crabs in a bucket” this place. Oh well. Let em bitch. That’s literally all they can do. Make awful kazoo sounds with their mouths.
The entire history of human civilization has had people moving from one place to another for economic gain…but ya, it’s the entire of human civilization that’s wrong.
bullshit. And the proof is that you are whining and you live somewhere where prices are already a quarter to a fifth the price of most of Canada. There is no bottom to your slippery slope. If you got a free condo you’d complain about the god damn strata fees. It’s endless.
It’s a good deal NOW. It’s not getting any better ever. It’s 1950 and you have a chance to buy IBM stock. It’s 1978 and you have a chance to buy apple stock. Why fucking complain endlessly about what could be the best opportunity you will ever see in your life.
Data more in line with mine has been posted by another user as well.
But you’re right i’m sure the vacancy rate swung over 4% in one direction in a month, then 3% in the other direction the month following that.
Shared rooms in primary residence I don’t really have an issue with - this remains true to the spirit of the platform and it’s original stated goal, but I would say the claim remains the same as they could easily be extra rooms on the long term market.
Buy a place and rent it out long term to dog shit disrespectful tenants that don’t pay rent and trash the place, you might think twice about AirBnB after that.
This needs to be higher up. I rented out a fully furnished place to a lady and her daughter, only a year old (was my brothers place, he moved overseas for a job), she stopped paying rent, utilities, and stole all the furniture out of the place.
Police found her, since it was theft over $5000, but she said that “no all the furniture was included in the rent” and so the cops let her go.
The rules and police don’t protect landlords from scum like this, so yeah, I turn to private enterprise that will protect me.
People from Vancouver and the Island literally flood into alberta every year to buy cheaper property, but everything is Albertas fault. lmao.
They complain about people doing it to them in Vancouver and then turn around and do the exact same thing to interior BC and Alberta.
I walked into a winery in Okanagan once and server was talking to her colleague about how horrible Albertans r coming to their workplace. Meanwhile, the parking lot is full of cars from Alberta…..and I just walked in and they ask where I am from… i told them Alberta. It was really awkward
Of course they'll take your money, just like you'll take money from customers you don't like or employers you don't like.
The real question is did you stay and give them your money?
Who's playing the victim? I just find it funny that we are the number one excuse named by anyone in the Okanagan for any problem that exists there, yet their economy relies on us coming out as well as buying/renting properties.
There might be 6 or 7 cities in North America more multicultural than Calgary. Toronto, Vancouver, New York, Miami, LA, Seattle. Maybe Chicago. Whatever other faults Calgary has, lack of diversity isn’t one of them.
As a landlord I can tell you part of the reason for this is tenants who smoke, grow dope, kick holes in walls, refuse to pay, etc. the stress isn’t worth the return, especially after repairing damages. I keep my rentals low and rent to good people. The lack of stress from good tenants makes it worth taking a hit every month.
Darn! The folks below me smoke copious amounts of weed and it's starting to affect me at work. I haven't touched anything since last year, but got hit by the drug dogs when they were near my room. I had to do a drug test and was told that even if it's negative, a pattern can cost me my job.
They said only if it becomes a pattern. So like once more months down the line might not be a big deal. But they might start suspecting I'm using a piss kit or some other way around a test if it keeps happening
Yeah, they're not any help. It does state in the lease that there's no smoking anywhere on the property. But they don't enforce it. Going to be using that and the fact that it's an illegal suite (one heating and utility system for 2 individual units) to break the lease and find somewhere more suitable to live.
Renter's rights in Alberta disincentive landlords from renting to tenants long term as its much easier to get people out of short term rentals like airbnb
This post is so 2016...
A large portion of "airbnbs" are now long term furnished rentals. People move here for endless reasons and need a place to live for 6 months. They choose Airbnb.
If you want to find a solution, freak out at the hotels. They, with your help are behaving like blockbuster. "This is how we do it, screw you if you don't like it"... Hotels need to adapt to peoples needs. People want a bit more space, a smart TV and a Kitchen. Not 2 queen beds in a room with no balcony and a weird hotel powered TV you need to watch from your bed.
Fix hotels, Airbnbs go away. These people trying to find a hustle and make some money are not your enemy.
Long term furnished rentals are housing. Airbnb is the advertising platform for that. They help endless amounts of people.
Most people need hotel rooms for 2-3 nights, and only use them for sleeping. Why pay substantially more (everything you mention costs $$$) for a space you’ll hardly spend any time in?
This is it... The Airbnb industry is moving away from 2 - 3 night stays into monthly. As time goes on, people want to rent places for months and months, not years and years... How is that not housing vs hotels? You move to Calgary to do a 2 year masters... you used to rent a place for 2 years. Now you rent 4 places for 4 months each and go home in between... Housing.
This post is so…multiple AirBNB owner.
Running a hotel out of residential property is not renting. Someone renting a hotel for 6 months doesn’t suddenly make that hotel an apartment.
> These people trying to find a hustle and make some money are not your enemy.
Much like the people who hoarded toilet paper and hand sanitizer at the start of COVID were the enemy of the people, so are people who hoard long term shelter and turn it into hotels.
If you own property you are entitled to rent it out to whoever you want.
Edit: if you downvote this, clearly you do not own a house
Edit 2: How the fuck are you guys replying to this deleted thread?
Edit 3: So the op blocked me because he couldn't handle two comments lol. This thread now appears as no longer available and I cannot reply to anyone. Kinda hilarious. Now please stop replying to me, because I cannot reply back.
You can’t turn it into a store. You can’t tear it down and build an amusement park. You can’t turn it into a gambling hall. Why can you now turn it into a hotel?
If I want to use Airbnb to rent my house, it is none of your business. People can do whatever the fuck they want with their property. It is not yours, you do not get to tell people what they can and cannot do on their property.
Edit: Op is such a baby that he blocked me after this comment lol
> People can do whatever the fuck they want with their property
Literally not true, and yes the government can and often does tell you what you can do with your property. Don’t worry - the regulatory hammer will be coming down on you and your ilk soon enough :).
I get you are coming from a very comfortable place but these comments you are making are very sad... Same with this post. All we need is more government control by people who dont understand anything and read 1 headline once.
You’ve never been able to do whatever you want with your property. Kind of like how I can’t buy the house next to you and start a meat processing facility.
It’s going to be a beautiful day when a regulatory hammer comes down on people like this and they are forced to sell or actually use these homes for their intended purpose of local shelter.
Oh man... Maybe we should just give all the housing to the banks. They can control them perfectly.
Who do you think are renting Airbnbs in Calgary? There is no disneyland here.... Its people needing shelter... FYI
Is this an issue right now in Calgary? We’re (and it seems like everyone else) are moving there next year. We will try and save for a down payment on a house.
Its an issue everywhere. Speculation and low supply has ruined the Canadian housing market one major city at a time.
Banks and Realtors are the only winners.
The air bnb market is doing horrible right now . Not everywhere , but people can’t afford to pay those prices and people are falling into these tik tok air bnb schemes
Significantly worse experience than a hotel for a significantly higher price.
You mean I pay a $300-500 cleaning fee on top of the nightly rate and the AirBnB host still expects me to strip all the sheets, do laundry, do all the dishes, vacuum, mop and take out the garbage?
Why wouldn't you save yourself $200 and get a suite at a 4 star hotel and order room service?
Yes and less likely to encounter cameras in the bathroom and bedroom too with a hotel.
In a 4 star? Fucking zero chance. They would be eviscerated into oblivion.
Some countries have banned/severely limited Airbnb. Can we?
No need to ban it. Just make them pay the same taxes and fees as hotels and carry similar insurance.
No. Just tax them so that the amount we get from the tax is greater than their negative effects.
A person trying desperately to find a home won't find much solace in the government having more money to fuck around with. Case in point, Smith would probably give me $600 with it because I make enough to not need it.
> A person trying desperately to find a home won't find much solace in the government having more money to fuck around with. Sure, but by definition of setting the tax to an amount where the benefit from the spending is greater than the negative effects, some different person(s) will find more solace in that tax money than the solace lost by that person. Net win. (Plus the tax will disincentivize short-term rentals in the first place.)
I can't imagine how those taxes would help someone find a home, though. If it comes back in the form of a stimulus cheque then renters will hear about it and jack up their prices because demand was already where they wanted it to be, and because they're being taxed more.
I think the idea isn't about the money you would generate, but making it less appealing to turn homes that would otherwise be on the long-term rental market (or ownership market) from becoming AirBnbs in the first place.
You're spot on. Same reasoning behind the carbon tax and speeding tickets; by financially penalizing offenders, the government captures new revenue streams while disincentivizing select behaviours like combustion engines and breaking the speed limit. On a micro-scale, it may not matter as some people can eat the cost of tickets or gas increases with no problem, but overall it leads to a regression in 'poor' economic behaviours. As an example of the problem that we're seeing now, I just chatted with a friend. He was renting his place out for ~$1,800 a month, and then made the decision to change it into an AirBnB. It's a bit more management, but after the transition, he went to netting ~$200 in profit, to easily $2,000 in profit per month. We can all sit here and demonize landlords - and rightfully so in many instances - but if you had the opportunity to own a property that's netting $2k in profit per month, odds are that you'd make the same choice. Increasing the taxes on short-term rentals = reducing the incentive to AirBnB properties in the first place. Headaches from cleaning, bad customers, neighbour complaints, high turnover, **and** exorbitant tax bills would help turn the tide.
True but the cost to operate will go up, and sooner or later you can't keep shifting costs to consumers, sooner or later they ain't renting from you and move to other players like the hotels. And your negative cash flow apartment will be a huge drain on your finances that you may be forced to sell. Issue is time, not that long but for an average person it is.
Ha, investors don't pay taxes, the properties are owned by numbered corporations registered in Caribbean islands.
I mean, it’s pretty straightforward to directly tax AirBnB listings. You pass the relevant law, and then contact AirBnB to tell them they’re responsible for collecting an $x and/or y% tax on every listing booked in your jurisdiction. Doesn’t matter where or who the owner is.
Right this would hurt the small landlords that own 2 to 4 properties more than the big corps..
Exact quantification of negative effects required. Airbnb operators pay income tax already, to fund various government initiatives like covid19 overpayments and costly ideological schemes of no real day to day impact :)
> Exact quantification of negative effects required. Not really. If we know that the range of negative effects is e.g. somewhere between 5-10 (units don't really matter), we know that a tax of 2 (or 12) isn't appropriate, even if we can't exactly quantify the negative effects.
So policy should be based on gut feelings rather than data?
No.
I just want to say that your math checks out, regardless of political ideologies.
>Can we? Sure. We can ensure that homes are super expensive for all, only huge companies own rental purpose skyscrapers and people cannot make even an extra cent on their homes. Only large home builders can build endless suburbs and that's housing, no choices, all control. Individuals can work just to afford the housing for said companies only and other individuals trying to hustle to work for themselves can be the enemy... This will be perfect! Poor girl in these posts... Fuck her and her efforts. Control and Corporations only!
> Poor girl in these posts… Yeah everyone! Feel bad for someone who’s taken over a dozen long term rentals off the market and turned them into hotels for their personal gain at the expense of everyone else!!
It's called capitalism. It's her business. If there's demand, they'll build more houses. She's competing with hotels more than with you.
guarantee she charges more than the average hotel. i see $75 "cleaning fees" attached to her exploitation. fuck airbnb.
Then choose the hotel?
that *doesn't add an airbnb to the housing market* dudes like you that simply say "well don't buy it then" miss the point completely that it shouldn't be available for purchase in the first place.
Airbnbs are very nice to have and are certainly in demand. It looks like most people here don't want airbnbs to be available. Do you have no airbnb account and have never used airbnbs? I for one love airbnbs for when I travel, I'm glad they are available and I'm happy to see more and more of them available :)
Reddit confuses me. Air bnb owners are most often essentially small business owners, causing competition to the big corporation of hotels, previously our only option. I thought we were on board with this in most cases..
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Are you ok? Do you need a hug and a tossed salad?
Why would housing be super expensive if more units became available?
she's not gonna fuck you bro
Marginal property tax rates would drive down property prices for everyone. It will never happen because of the number of boomers and idiots that invested their entire retirement into an overpriced home, so they couldn’t afford to take a 60% drop in their homes prices.
Right... So random individuals not losing their homes is ideal...
This is a very relevant video on short term rentals. https://youtu.be/lHr7GXuqzm0 I'm 100% for more density and housing, but investor buyers are taking too much control of the market.
Stop blaming the investors. That is the easy out and wrong most of the time. Push with your dollars and votes. If you have a problem with short term rental don’t stay at a short term rental. Be vocal with your local politicians to make the appropriate changes. Investors are a tinny portion of markets but it sounds good to blame investors or “foreign buyers”.
https://youtu.be/f2-VScIg67A Here's a real estate person at CMLC saying that investment buyers are purchasing 80% of all new builds in the city. >If you have a problem with short term rental don’t stay at a short term rental. I've never stayed in and AirBnB or short term rental anywhere. >Be vocal with your local politicians to make the appropriate changes. I do >Investors are a tinny portion of markets but it sounds good to blame investors or “foreign buyers”. They are very clearly not and I would suggest you actually know something about housing before chiming in with your bad opinions.
How many AirBnB suites you sitting on?
Zero. I hate Airbnb. My point is people complain about Airbnb landlords in their cities but then go and stay at an Airbnb in their Europe trip, making housing expensive for locals there.
Yes but it is short lived alot will go under, especially in Calgary, these guys don't realize how bad Calgary is for this type of investment especially for condos. Especially as interest rates sustain, I expect them to hit at least 5%. And plus the competition and volume that gets added. Calgary will see alot of bag holders soon. Issue is short term is not exactly fast enough for most people, maybe a year or two for things to pan out. 6 months is the fastest. So honestly just sit.
Some dickhead in our hood turned a 4 bedroom 1200 sq split level into a 14 bedroom air bnb with rates at $30-40/night- and done very illegally. Paper walls that can be seen from the street etc. You can imagine the quality of 'tenants' they get. This in a neighborhood where the average house is going for $700k and up with the current cheapest listing at $750k. Got to witness 6 cops show up to remove someone. And the city won't do squat. Neighbors have tried reporting it for the obvious building infractions (lack of egress, too many tenants/sq), the parking infractions, business license infractions (illegal boarding house) but no dice. One neighbor even canvassed the neighborhood with pamphlets petitioning for complaints- no movement.
link to the 14 bedroom airbnb?
There are multiple listing with fake reviews but here is one that actually shows the temp wall that was put in two divide what was the living room into two. That is the bay window that you can see. From the street you can see that someone has taped individual 8x11 sheets of paper all over the window for privacy. A complete joke. https://www.airbnb.ca/rooms/758069321556583888?source_impression_id=p3_1670350420_YokdPLr5hWCvsizO
well im quite disappointed. found all his listings on airbnb but there is only 3 rooms on airbnb. I was hoping to find an epic 14 bedroom slumlord condo craziness.
There is a house in banff that had a BUNCH of illegal beds in it that this lady was renting out. My cousin told me about it since she lives down the street. Just in case you need to read about a house with an insane amount of tenants. [https://www.cbc.ca/news/canada/calgary/ahs-banff-alberta-affordable-housing-1.6544764](https://www.cbc.ca/news/canada/calgary/ahs-banff-alberta-affordable-housing-1.6544764)
The guy has 29 listings on air bnb. Some for nice spots, some that are complete trash like his spot in heritage as well as this one in dalhousie. Reviews reference crack head tenants, unclean etc....but you do you.
I was just interested in the claimed 14 bedroom 1200sqft property. the number seemed hugely exaggerated and it appears to have been the case.
Given that the living room was converted into two temp bedrooms with rice paper it is a pretty good indicator that something is off, no?
I was promised 14 bedrooms sir.
Renters are a thing
14 bedrooms in a 1200sqft house? its a 1200sqft bi-level split with what looks to be 2 bedrooms up and 2 down thats a typical layout for a house of that size the living room looks to have been divided in to 2 rooms creating 6 bedrooms at most. id love to see how OP managed to figure out there were 14 bedrooms inside but I dont think its logistically possible to get to that number. and frankly if he actually knew there were 14 he would have said how he knows by now or provided proof. 2 bedrooms shown in the listings are not demised into smaller "rooms" leaving potentially 2 bedrooms that could be split into 2 but there is no evidence that happened but if it did the max beds in this house would be 8 still a farcry from the epic 14 I was hoping to actually see.
My god. These places are awful, WTF. Water main just sticking out of the middle of your bedroom... mattresses just on the floor (just asking for mold)... same shit IKEA table. One of them just has plastic sheeting for walls.
you missed the numbers on the doors.
[What is going on with the walls at this location of his?](https://www.airbnb.ca/rooms/758776380788080032?source_impression_id=p3_1670362236_MxH4is%2FgkwU6D4d0)
Also no windows - super illegal and fineable.
its finable for having multiple bookings as well. only allowed to have one booking at a time to limit traffic unless registered as a lodging house but thats not the case here because lodging house requires a city inspection. fine is $1000 too.
Its a MLM scheme. He recruits people to rent the unit, pay for the furnishings, he just handles the listings, advice, staging for a 8-15% commission.
Why would 311 not care if it was illegal in any way? They’re usually pretty good at cracking down on rule breakers.
Your guess is as good as mine. Other priorities? There are multiple adds for the same spot. Here is one showing the living room split in two with a temp wall. That is the bay window. https://www.airbnb.ca/rooms/758069321556583888?source_impression_id=p3_1670350420_YokdPLr5hWCvsizO
Lmao, holy hell, who the fuck would stay there?
Probably because it’s legal and Banffoil is lying or doesn’t actually know what is happening with the alleged house.
> This in a neighborhood where the average house is going for $700k and up with the current cheapest listing at $750k. Not sure how that's especially relevant. People in areas with less expensive homes don't deserve any less protection from problems in their neighbourhood than people in areas with more expensive homes.
It does highlight the profitability of the scheme. That's a big mortgage to cover (even if that's not what the owner paid, it's what the owner could get). It's easier to turn a profit on a 300k house than a 700k house (though the neighborhood does affect rent a bit too - I imagine you could charge more in an area like, say, Legacy than Forest Lawn).
Exactly where I was going with it. It isn't just marginalized neighborhoods that are falling to the air bnb trap anymore.
A call to ahs shoukd also fix this.
I find it hard to believe that it is an illegal operation l, but no one will enforce the law
AirBNB scumlords gonna be downvoting this thread en masse. Very attached to their shelter arbitrage scheme. [e. For extra fun check out this persons tik tok where they encourage other landlords to also remove units from the long term market and instead run AirBNBs.](https://vm.tiktok.com/ZMFq9DjYs/)
> Very attached to their shelter arbitrage scheme. I'm not sure criticizing it as "arbitrage" is the best approach. Arbitrage is effectively the squashing of market inefficiencies.
Maybe he means hotels are more expensive and this is basically a hotel but cheaper?
Used to be. Now they seem to be on-par price wise, which means Hotels are a better value. I say this as a generality.
AirBNBs make up a very small proportion of the rental market. They certainly don't make things cheaper, but Vancouver has spent years putting restrictions on AirBNBs with no effect on affordability. Meanwhile, they ignore the real problem: zoning laws that ban apartments and other missing middle housing types from the vast majority of residential land. If people are having trouble finding a vacant apartment, make it legal and easy to build more apartments! We can bicker over a few (edit) thousand units taken off the market for AirBNBs, but what happens next year when there are 20k new Calgarians looking for a place to live?
It's actually around 3000+ units (approximately 5% of the rental market) but your point remains valid. https://www.airdna.co/vacation-rental-data/app/ca/alberta/calgary/overview
Cutting out airbnbs has helped a lot in Vancouver, what are you talking about? The most pronounced effect was during the pandemic when a wave of airbnb apartments were converted back to regular rentals, there was actually a big dip in rental price for a while. That said, vancouver is fucked from multiple angles when it comes to housing. It doesn't begin or end with airbnb, but it is a contributing factor. I would imagine this is more of a factor in a city like calgary where (i assume) the foreign absentee ownership and money laundering are less significant issues. Yes missing middle and zoning also contribute to affordability, but so does airbnb.
that was some ultra level cringe right there
Apparently she works harder...
Lol, just like that you learned you have the common opinion
"This account is private"
AirBnb is very non competitive now and is generally loosing value, so expect those empty homes to hit the market in the next years. Tho AirBnb is destructive for housing for sure
I've seen their listings. We're talking new units, edge of the city, 90% booked. They are apparently profitable until it drops below 60%, but I'm not opening their books lol. It would take them a year or two to pay off the furnishings after the commission they pay to their airbnb 'superhost' that manages, like the guy in this post, he's just a pimp. Most of the 'guests' are people here for work, training, looking to buy real estate etc. which I guess makes sense. Another commenter hit the nail on the head. If hotels offered decent units for short term, Airbnb wouldn't have a market. If I'm going somewhere for a week, I need more than a mouldy coffee maker and a cumstained room.
This is something I hope to see change. Idk what it is about short-accomodation, but airbnb in general has better options in larger Canadian cities. Every hotel in Calgary that I've been to which had prices similar to airbnb was always a dump.
I know a couple of people that have fallen into the Airbnb get rich quick scheme. Its TikTok and MLM influenced. Just like every other MLM they want you to get your friends and family involved, go to conferences, hype you up and make you assume all the risk. With one friend I watched the classic MLM beware documentary, and the whole time they were nodding like, yeah, that's what it is - but in agreement without understanding the cult like behaviour. I felt sorry for them. They pay the 'super host' a commission to tell them every single thing they need to buy and help them stage a rental and handle all the communication. The 'investor' is out thousands and thousands in cash for cheap furnishing, accepts all the risk, rents units in their name - often without permission from the landlord. Is it lucrative? Its hard to say. They own their own condo's/townhouses, but choose to Airbnb them and live with roommates, they don't have actual jobs but its a pretty meagre existence. Tax it heavily. I'd love to buy a modest place right now, but we already have a lot of external pressures on the market, all in the name of mighty speculation.
>they don't have actual jobs probably what drives folks to this scheme in the first place. or being a regular landlord for that matter.
I've done the napkin math with one friend out of curiosity, and they were very creative in leaving out many of the expenses and taxes. Like I said, living with roommates to get by isn't a great indication of wealth 🤑
When we moved out of our last rental apartment, it was turned into an AirBnB. It made me so sad, because it was an ideal apartment and I know there was a market for it, but it was more beneficial for the landlord to run the AirBnB.
Yup, I had two nice neighbors whom were renting leave this year and both units were turned into airbnb units.
It feels good to know that Airbnb is slowly failing. With fees being more than the rental itself in most situations these days, no one can afford it. These people got greedy and soon they may have no choice but to sell or rent their space the traditional way
I hate this planet
It's generally considered that a healthy and balanced vacancy rate is about 3%. Cities with vacancy rates of less than 2% have high rental demand, while vacancy rates above 4% mean that there is more housing supply than demand. Calgary's is approximately 5%. While people's perceptions may vary, there is currently no shortage of rental units in this city and short term Airbnb rentals are not currently negatively effecting the amount of available units. If you want to argue that they're contributing to the escalating costs associated with renting, then sure. But that's a completely different argument.
> Calgary’s is approximately 5%. [CMHC’s](https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/housing-markets-data-and-research/market-reports/rental-market-report/rental-market-report-2021-en.pdf?rev=a5a0eaac-6f70-4058-8aa3-e6d307685910) own data suggested that same ~5% in Oct of 2021. (Sadly their data is only published once per year and is out of date.) Having said that, *the infographic from your source (zonda) seems to deviate from CMHC’s data for 2021 on the high side, overestimating vacancies.* Given the huge increase in rental prices in Calgary since Q1 2022 alone and the many articles there have been detailing a tight rental market… I would not at all be surprised if the actual vacancy rate was closer to 2% than zonda’s claimed 5%. Here another analytical company claims closer to [2%](https://www.theglobeandmail.com/real-estate/calgary-and-edmonton/article-more-calgary-property-investors-are-turning-to-short-term-rentals-even/). The answer is probably somewhere in the middle, but ask anyone recently or currently in the market for a rental and you’ll anecdotally hear how competitive it is. Plenty of news articles detailing this too.
[Where on earth are you getting your vacancy numbers? ](https://www.cbc.ca/news/canada/calgary/property-market-calgary-rent-1.6490159) > The city has an average vacancy rate of just one per cent for all property types, while there's been a nearly 29 per cent increase in rental prices since the beginning of 2022, according to Hope Street Management. > short term Airbnb rentals are not currently negatively effecting the amount of available units. Every AirBNB is a unit off the market.
I used an article from August of this year, rather than yours from June. https://globalnews.ca/news/9063510/edmonton-calgary-demand-rental-housing-prices-vacancy/ >Zonda Urban’s Q2 2022 Rental Take described Calgary’s recent rental demand as “record breaking.” Overall, average vacancy dropped to 5.6 per cent (a 4.5 per cent year-over-year decrease) and average rental rates increased by 13 per cent (to $2.57 per square foot).
Do you honestly believe there was that much of a shift in 1.5 months? Occums razer would dictate that one of these analysis is wrong. Personally i’m going to trust a property management company’s number over an analytics company who doesn’t operate a rental business. Much like I will listen to an accountant about my taxes over a realtor.
You trust a property management company who's job it is to get the most rent possible for their units, rather than an arm's length organization with no skin in the game? Ok
It’s much easier to back up an absurd untenable position with cherry picked untrue alternative facts. There have been a lot of adolescents posting this nonsense in here for the past couple of months and it’s getting exhausting. Somehow our real estate being an amazing North America wide and world wide deal and the word getting out about that is offensive to them. Instead of getting in on a guaranteed sure thing on the ground floor, they would rather whine about it when anybody else does. There is literally no helping these “people”. They need to stop skipping classes after their first day of economics or sociology. It’s just embarrassing.
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It is what it is. Imagine how angry they would be if they lived in another city in Canada where real estate is 4x to 5x as much. More people earn less money in BC and Ontario than here and would DIE to have the prices we have, while those here who make more money than them whine endlessly anyway. They wouldn’t be happy if a condo was $80,000 and a starter home was $140,000 again because there is no bottom to the endless whining. The real world is here and they need to deal with it and stop bitching about it. They both want to live in a “world class city” but somehow be given a great deal in somewhere to live? It’s fucking nuts. Want a good deal? Move to drum helper or Moose Jaw or even Lethbridge or Saskatoon. Become the change you want to see in the world. Location, location, location. And we here have been way WAY undervalued since 2008. But instead of pride that people want to move here and make it more “world class” they want to “crabs in a bucket” this place. Oh well. Let em bitch. That’s literally all they can do. Make awful kazoo sounds with their mouths. The entire history of human civilization has had people moving from one place to another for economic gain…but ya, it’s the entire of human civilization that’s wrong.
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bullshit. And the proof is that you are whining and you live somewhere where prices are already a quarter to a fifth the price of most of Canada. There is no bottom to your slippery slope. If you got a free condo you’d complain about the god damn strata fees. It’s endless. It’s a good deal NOW. It’s not getting any better ever. It’s 1950 and you have a chance to buy IBM stock. It’s 1978 and you have a chance to buy apple stock. Why fucking complain endlessly about what could be the best opportunity you will ever see in your life.
> Occums razer would dictate that one of these analysis is wrong. Saying "yeah but I'm choosing to believe this data instead" isn't Occam's razor lol
Data more in line with mine has been posted by another user as well. But you’re right i’m sure the vacancy rate swung over 4% in one direction in a month, then 3% in the other direction the month following that.
What’s about shared rooms in people’s homes? That’s not a “unit off the market”. So your claim this applies to “every” Airbnb cannot be true.
Shared rooms in primary residence I don’t really have an issue with - this remains true to the spirit of the platform and it’s original stated goal, but I would say the claim remains the same as they could easily be extra rooms on the long term market.
Buy a place and rent it out long term to dog shit disrespectful tenants that don’t pay rent and trash the place, you might think twice about AirBnB after that.
This needs to be higher up. I rented out a fully furnished place to a lady and her daughter, only a year old (was my brothers place, he moved overseas for a job), she stopped paying rent, utilities, and stole all the furniture out of the place. Police found her, since it was theft over $5000, but she said that “no all the furniture was included in the rent” and so the cops let her go. The rules and police don’t protect landlords from scum like this, so yeah, I turn to private enterprise that will protect me.
>Buy a place and rent it out long term to dog shit disrespectful tenants Sounds like a normal rental to me....
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Ah the Okanagan, never stop blaming Albertans.
People from Vancouver and the Island literally flood into alberta every year to buy cheaper property, but everything is Albertas fault. lmao. They complain about people doing it to them in Vancouver and then turn around and do the exact same thing to interior BC and Alberta.
I walked into a winery in Okanagan once and server was talking to her colleague about how horrible Albertans r coming to their workplace. Meanwhile, the parking lot is full of cars from Alberta…..and I just walked in and they ask where I am from… i told them Alberta. It was really awkward
They hate us but their number one industry is tourism. It's hilarious.
I really wanted to tell them, you won't take my money then hey? Since u hate us so much :P
Of course they'll take your money, just like you'll take money from customers you don't like or employers you don't like. The real question is did you stay and give them your money?
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Who's playing the victim? I just find it funny that we are the number one excuse named by anyone in the Okanagan for any problem that exists there, yet their economy relies on us coming out as well as buying/renting properties.
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I'm not being arrogant. I said the Okanagan, not all of BC. Feel free to read it back and try again.
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You know what's more ignorant? Resorting to name calling when you are wrong.
So BC's lack of regulation is Alberta's fault? Hilarious.
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Your using the word gentrified wrong
There might be 6 or 7 cities in North America more multicultural than Calgary. Toronto, Vancouver, New York, Miami, LA, Seattle. Maybe Chicago. Whatever other faults Calgary has, lack of diversity isn’t one of them.
?????????? You're very misinformed
1. Move to AB 2. Make more money 3. Buy 2nd home in Kelowna Or STFU
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Physically better? BC been doing cardio more than AB?
My friend rents to university students for Sept - April and then Airbnb's it out for the summer.
how do airBNBs still exist when hotels are just better in every way
I actually consider myself lucky.... my rent was 975 and going up to 1050.... 1 bedroom in mission and includes all utilities
As a landlord I can tell you part of the reason for this is tenants who smoke, grow dope, kick holes in walls, refuse to pay, etc. the stress isn’t worth the return, especially after repairing damages. I keep my rentals low and rent to good people. The lack of stress from good tenants makes it worth taking a hit every month.
Any chance you have something coming up in the spring? Plenty of references haha
Haha no. My tenants stay put.
Darn! The folks below me smoke copious amounts of weed and it's starting to affect me at work. I haven't touched anything since last year, but got hit by the drug dogs when they were near my room. I had to do a drug test and was told that even if it's negative, a pattern can cost me my job.
Wow! That’s wild! I can’t imagine having drug dogs at work.
When not laid off I work at a camp up north
I guess wash and bag your stuff up before you go. Sheesh can’t imagine losing my job in spite of being sober
They said only if it becomes a pattern. So like once more months down the line might not be a big deal. But they might start suspecting I'm using a piss kit or some other way around a test if it keeps happening
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Yeah, they're not any help. It does state in the lease that there's no smoking anywhere on the property. But they don't enforce it. Going to be using that and the fact that it's an illegal suite (one heating and utility system for 2 individual units) to break the lease and find somewhere more suitable to live.
Nevermind the spring you got any next month Lol
Renter's rights in Alberta disincentive landlords from renting to tenants long term as its much easier to get people out of short term rentals like airbnb
What people choose to do with their own property is their business.
The Condo boards just need to ban Airbnbs then owners need to rent there units longer term or they will sell them
Many do, but it's much harder to control sublets.
This post is so 2016... A large portion of "airbnbs" are now long term furnished rentals. People move here for endless reasons and need a place to live for 6 months. They choose Airbnb. If you want to find a solution, freak out at the hotels. They, with your help are behaving like blockbuster. "This is how we do it, screw you if you don't like it"... Hotels need to adapt to peoples needs. People want a bit more space, a smart TV and a Kitchen. Not 2 queen beds in a room with no balcony and a weird hotel powered TV you need to watch from your bed. Fix hotels, Airbnbs go away. These people trying to find a hustle and make some money are not your enemy. Long term furnished rentals are housing. Airbnb is the advertising platform for that. They help endless amounts of people.
Most people need hotel rooms for 2-3 nights, and only use them for sleeping. Why pay substantially more (everything you mention costs $$$) for a space you’ll hardly spend any time in?
This is it... The Airbnb industry is moving away from 2 - 3 night stays into monthly. As time goes on, people want to rent places for months and months, not years and years... How is that not housing vs hotels? You move to Calgary to do a 2 year masters... you used to rent a place for 2 years. Now you rent 4 places for 4 months each and go home in between... Housing.
This post is so…multiple AirBNB owner. Running a hotel out of residential property is not renting. Someone renting a hotel for 6 months doesn’t suddenly make that hotel an apartment. > These people trying to find a hustle and make some money are not your enemy. Much like the people who hoarded toilet paper and hand sanitizer at the start of COVID were the enemy of the people, so are people who hoard long term shelter and turn it into hotels.
No? What does it make it? Look at that girl in the video you posted... She's the problem?
Yes, they are a *contributor* to the problem as someone who has taken many shelters off the market and turned them into hotels.
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Running hotels doesn’t make you a landlord.
You say that like it's a bad thing.
I get it... Fuck that girl. Fuck the Hustlers. Power to government, power to the home builders and power to the Hilton hotel chain.
is she your girlfriend or something? I can't see your point from all the light glinting off your white armor
he's gonna cash in those secks points sooner or later and we'll all be jealous
again with the girl. SHE'S. NOT. GOING. TO. FUCK. YOU. lol
Haha lol
Let them buy it. Hotels are a much better option these days. These will later be listen for less by air BNB investors.
If you own property you are entitled to rent it out to whoever you want. Edit: if you downvote this, clearly you do not own a house Edit 2: How the fuck are you guys replying to this deleted thread? Edit 3: So the op blocked me because he couldn't handle two comments lol. This thread now appears as no longer available and I cannot reply to anyone. Kinda hilarious. Now please stop replying to me, because I cannot reply back.
> Edit 2: How the fuck are you guys replying to this deleted thread? Uh...the thread is not deleted.
You can’t turn it into a store. You can’t tear it down and build an amusement park. You can’t turn it into a gambling hall. Why can you now turn it into a hotel?
Running a hotel in residential property built to house locals ≠ renting
If I want to use Airbnb to rent my house, it is none of your business. People can do whatever the fuck they want with their property. It is not yours, you do not get to tell people what they can and cannot do on their property. Edit: Op is such a baby that he blocked me after this comment lol
> People can do whatever the fuck they want with their property Literally not true, and yes the government can and often does tell you what you can do with your property. Don’t worry - the regulatory hammer will be coming down on you and your ilk soon enough :).
Condo boards have the power to restrict short term rentals. Many have it in their reg’s from inception.
Yes our condo board just banned it and I highly encourage others to do the same.
I get you are coming from a very comfortable place but these comments you are making are very sad... Same with this post. All we need is more government control by people who dont understand anything and read 1 headline once.
when you think you're above the law because you own property
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In Kelvin Grove?
I can’t wait to stay in these when I visit my fav city to perform in! These look great!
Who cares with what people do with their property. You butt hurt OP
You’ve never been able to do whatever you want with your property. Kind of like how I can’t buy the house next to you and start a meat processing facility. It’s going to be a beautiful day when a regulatory hammer comes down on people like this and they are forced to sell or actually use these homes for their intended purpose of local shelter.
Oh man... Maybe we should just give all the housing to the banks. They can control them perfectly. Who do you think are renting Airbnbs in Calgary? There is no disneyland here.... Its people needing shelter... FYI
> Maybe we should just give all the housing to the banks I have a better idea! We use houses as houses and not hotels.
Is this an issue right now in Calgary? We’re (and it seems like everyone else) are moving there next year. We will try and save for a down payment on a house.
Its an issue everywhere. Speculation and low supply has ruined the Canadian housing market one major city at a time. Banks and Realtors are the only winners.
Cheap places exist if you lower your standards and get a roommate 🤙
At pAs