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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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[-] Pxtl@lemmy.ca 1 points 1 year ago

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?

[-] Pyr_Pressure@lemmy.ca 6 points 1 year ago

If there's less chance of people being able to make bank on housing by buying up properties to rent out short term at $500 a night then housing costs go down even if supply doesn't go up. Those people are way more willing to pay $50k over asking than someone who will be paying the mortgage and living there full time.

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

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