Do you think it's a good thing if an individual owns three or four houses and uses them for short-term rental?
Yes. My brother in-law literally owns three houses in a highly desirable area that he uses as short term rentals for extra income. You have no idea what he has to deal with from some tenants, and he still works 50-60 hours a week. To think he would need to be "cracked down on" is one of the worst takes I can think of.
But he can rent long term or sell them and it creates more long term housing helping the housing market overall.
Idk that I'll ever buy into a "woe is the landlord" narrative and I've been pretty convinced that landlords in general are a problem but the idea that AirBnBs are responsible for the housing crisis and that the solution is to crackdown on them represents a far more harmful, anti-market narrative pushed by progressives who want to do anything to fix the housing crisis except the one thing that actually works which is to allow developers to build more housing.
Or we can just make it easier for the market to supply more housing instead of trying to take it from those who already have their own.
Why should he be forced to do this? From what I hear from him it's already pretty hard/annoying to do and when he rants he'll go "I'm gonna sell I'm tired of dealing with xyz" but I don't think he will. But I REALLY don't think he should be FORCED to do anything. If they wanna address housing their are much better ways like allowing more to be created etc.
The problem with landlords is inherent to landlords and not specific to large ones. If your BIL owns three houses in a well off area he is a wealthy landlord and I seriously do not want to hear that type of person claim "woe is me"
Cool thanks, I'm about to hit up a brunch but I'll definitely check out the article this evening when I'm relaxing.The problem with landlords is inherent to landlords and not specific to large ones. If your BIL owns three houses in a well off area he is a wealthy landlord and I seriously do not want to hear that type of person claim "woe is me"
Idk want to derail the thread because addressing the very dumb progressive idea that cracking down on short term rentals(STRs) will fix the housing crisis is very important but if you're interested look into Georgism and specifically this article which summarizes the position. If you want an even shorter summary of the problem with landlords there's this satirical billboard from the early 20th century that succinctly makes the point
As for this cockamamie idea that the problem is because we have too many STRs, I wholly reject this. The issue in Canada is NIMBYism and specifically their terrible idea of Vancouverism whereby the only type of multifamily housing allowed are towering skyscrapers concentrated in the city center and the rest of the city's residential land is locked up in single family homes by NIMBYs who refuse to allow more housing to be built. Crack down on them by forcing these neighborhoods to allow more dense, affordable housing instead of governing the country in the interest of Boomer homeowners.
