The Curious Effect of AirBnB
Writing in “Building“, Andrew Sobchak and Laura LeBlanc look at short term rentals (STR’s) in Vancouver, from a broad perspective including small and large players.
Perceived issues? Well, a few of them are listed to kick off the article. Plus opinion and data (pro and con) to sharpen thought about these issues’ merits.
Headlines have been turning on Airbnb for the better part of two years, first in cities like San Francisco and New York, then, with more frequency in 2016, as the platform achieved scale in other cities. At a time in Vancouver of peak foreign investment and plummeting vacancy, advocacy groups lined up in opposition:
- Renters claimed Airbnb siphoned away long-term rental stock, thereby driving up prices
- Hotel industry lobbies claimed Airbnb facilitated the operation of informal hotels, reducing bottom lines and threatening employment
- Condominium boards and neighbourhood associations claimed Airbnb increased transience, decreasing safety and…
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