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submitted 1 year ago by Grappling7155@lemmy.ca to c/canada@lemmy.ca

Fairbnb’s new co-op platform aims to offer short-term rentals without the destructive side effects by Kunal Chaudhary • The Breach

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[-] Crankpork@beehaw.org 19 points 1 year ago

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.

this post was submitted on 27 Oct 2023
40 points (90.0% liked)

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