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Re:Airbnb is squeezing Toronto’s housing market by jseliger on Friday February 08, 2019 @02:58PM (#19118062)
It appears that unfair and exclusionary zoning is squeezing Toronto's housing market: https://www.cbc.ca/news/canada/toronto/landlords-housing-adv.... Looks like Toronto is, like most North American cities, is legally constricting the supply of housing, leading to higher prices: https://www.vox.com/cards/affordable-housing-explained/suppl....

The framing of the article's headline is bad.

Re:Airbnb is squeezing Toronto’s housing market by dmix on Friday February 08, 2019 @04:12PM (#19118718)
> The framing of the article's headline is bad.

Vice's view of politics is always like a naive high school kid who hasn't ever had a real job or read a single book on economics. Which probably accurately describes their (largely freelance) 'journalists' or more accurately bloggers.

Makes for good clickbait for their demographic though. In an ideal world they should really have stuck to fashion and culture (which their 'talent' is good at) and left the serious topics to people who have a strong grasp of the subjects. But that's boring and doesn't generate outrage on social media aka clicks -> ad views.

Re:Airbnb is squeezing Toronto’s housing market by Andre607 on Friday February 08, 2019 @06:47PM (#19119705)
> Vice's view of politics is always like a naive high school kid who hasn't ever had a real job or read a single book on economics. Which probably accurately describes their (largely freelance) 'journalists' or more accurately bloggers.

> Makes for good clickbait for their demographic though. In an ideal world they should really have stuck to fashion and culture (which their 'talent' is good at) and left the serious topics to people who have a strong grasp of the subjects. But that's boring and doesn't generate outrage on social media aka clicks -> ad views.

The author of this piece worked at Bloomberg and CBC prior to her position as the Economics & Money editor at Vice.

"But that's boring and doesn't generate outrage".

Re:Airbnb is squeezing Toronto’s housing market by dmix on Saturday February 09, 2019 @01:42AM (#19121116)
Which part of that discredits what I said about the quality of content at Vice news? Her 18 years working as a “fill in“ news anchor/talking head? In between a short stint as PR pusher a bitcoin advocacy company in Toronto before earning the title as ‘editor’ of the Finance section of Vice?

Even if she’s somehow an exception to the rule at Vice as the editor, aka top tier in her category, she’d be a rarity. But looking at her previous output (only a few as she’s a recent hire) there are quite a few that fit into the clickbait vs signal ratio pandering to an ideological niche.

That’s fine if that’s your thing but I put higher standards on the HN front page.

Re:Airbnb is squeezing Toronto’s housing market by xiphias2 on Friday February 08, 2019 @03:30PM (#19118339)
Although I haven't been to Toronto, there's an alternative to zoning: great public transportation.

In Zurich I can get from any place to any other place easily because the tram/bus/train connections are always waiting for each other, and are almost never too early / late.

People can use cars if they need it, but it shouldn't be the first choice generally.

Re:Airbnb is squeezing Toronto’s housing market by onlyrealcuzzo on Friday February 08, 2019 @03:54PM (#19118566)
Are you saying that Zurich is a champion of affordable housing? Why is Zurich a model we should look to when trying to fix zoning?

I'm not knocking their transit. I'm sure it's great. But you can have good transit, zoning, and affordable housing. See Berlin.

And, yes, Berlin has it's problems, and I'm sure somewhere else is doing things even better. I'm just curious why Zurich is a model we should look to.

Re:Airbnb is squeezing Toronto’s housing market by xiphias2 on Friday February 08, 2019 @04:03PM (#19118645)
Zurich is very expensive, so of course I'm not saying this. But it's a beautiful city, so by allowing destroying its center and making houses higher you trade something for something else. To tell you the truth I'm all for getting rid of zoning generally, but it's not as clear cut case as making sure that trains / trams / metros / buses are clean, and run on time, never too crowded, and have predictable connections.

Many of my colleagues were living outside Zurich in smaller towns / villages (me too), and we could get to work in 20 minutes, which was for me great actually, I loved sitting on the train and enjoying the beautiful view.

Re:Airbnb is squeezing Toronto’s housing market by afterburner on Friday February 08, 2019 @04:07PM (#19118683)
Toronto does have good public transportation. Every day, almost a million people use the Toronto subways/buses/streetcars.
Re:Airbnb is squeezing Toronto’s housing market by dhritzkiv on Friday February 08, 2019 @04:29PM (#19118866)
In addition, a large number travel to/from the suburbs daily by via regional train system (GO Transit)
Re:Airbnb is squeezing Toronto’s housing market by chongli on Friday February 08, 2019 @04:41PM (#19118957)
I commuted from Kitchener to Toronto for work every day from September to December for co-op on the GO "Express" train. It was 2 hours each way to travel about 100km. It's just about the farthest thing I'd call from "good public transit."
Re:Airbnb is squeezing Toronto’s housing market by afterburner on Sunday February 10, 2019 @04:00PM (#19130002)
You're living two cities over from where you work. What did you expect? This is not a normal "commute".

If you drove that during rush hour, you wouldn't be travelling at max speed the whole time, and likely would also take two hours to travel, potentially more (Google predicts up to 2 hours and 40 minutes).

Re:Airbnb is squeezing Toronto’s housing market by hnnh44 on Saturday February 09, 2019 @10:21AM (#19122682)
Step 1: define "good"

Step 2: compare to alternatives, factoring in geography, culture, scale of operations, political environment

It's a hugely complex issue. I wouldn't define Toronto's public transit as bad, but it's not world class.

Re:Airbnb is squeezing Toronto’s housing market by chongli on Sunday February 10, 2019 @08:11AM (#19127643)
Step 1: define "good"

The train takes 2 hours to travel 100km. Cars can do that distance in one hour, despite having to cope with traffic. That's pretty appalling. Good public transit should be faster than a car along its main corridor.

Apart from geography, those other factors are reasons, not excuses. Lots of people here look down on public transit and associate it with poor people. That's a problem to be rectified.

Re:Airbnb is squeezing Toronto’s housing market by mykowebhn on Friday February 08, 2019 @03:47PM (#19118509)
I completely agree with you!

And if it only were so easy!

Toronto, and Canada, is very much like the US in terms of its reliance on the car to get around. Except in urban centers, and NYC, the first choice of transportation is almost always the car. This is not just a mindset. The lack of a proper transportation infrastructure and the sprawling nature of North American cities make it difficult to get around without a car.

In fact, I would say urban sprawl and traffic are worse in Toronto than in most American cities (I'm originally from Toronto and I've lived in the US for more than two decades). And what about the surrounding regions, like York and Peel regions? I would say the prospects for an adequate public transportation infrastructure in the surrounding regions of Toronto are even worse, and the population in the surrounding suburbs rivals the population of Toronto proper.

Re:Airbnb is squeezing Toronto’s housing market by neurotrace on Friday February 08, 2019 @04:07PM (#19118680)
That was not my experience with Toronto at all. I lived in the Liberty Village area over the summer and could very easily get around the city via public transit. The only time we drove was to get to get to the movie theater in Etobicoke. Eastern Toronto was extremely easy to get around.
Re:Airbnb is squeezing Toronto’s housing market by mykowebhn on Friday February 08, 2019 @07:14PM (#19119821)
Yes, exactly. Liberty Village is very close to downtown Toronto. I wasn't commenting on the public transportation close to city centers.
Re:Airbnb is squeezing Toronto’s housing market by green7ea on Friday February 08, 2019 @04:02PM (#19118638)
Public transport is easy when the city is reasonably sized. Toronto is a huge spread out city. The surface area it covers makes public transport really difficult which is not great for the standard of living.
Re:Airbnb is squeezing Toronto’s housing market by kokokokoko on Friday February 08, 2019 @03:36PM (#19118397)
Then why are cities in the US where the population is currently declining also seeing significant increases in real estate pricing?

Do you think it is at all interesting that housing pricing on the west coast of Canada and the US recently flattened out at the exact same time the economy slowed in China?

Every single city in Canada and the US currently has this problem. Including Houston which has very permission zoning.

Re:Airbnb is squeezing Toronto’s housing market by hnnh44 on Saturday February 09, 2019 @11:11AM (#19122989)
Actually, the flat lining investment from the Chinese in Vancouver and Toronto is partially due regulations put in place exactly for that purpose. Additional taxes on non-primary properties and vacant properties were aimed at curbing this.
Re:Airbnb is squeezing Toronto’s housing market by manicdee on Friday February 08, 2019 @03:29PM (#19118329)
Just remember that "too few houses" is the same problem as "too many people."

Why doesn't anyone suggest that there are too many people and that we need to control population growth to rates below zero?

Re:Airbnb is squeezing Toronto’s housing market by tareqak on Friday February 08, 2019 @03:43PM (#19118469)
Can you suggest ways to eliminate the "too many people" problem without restricting the freedoms and privileges of people?

You can theoretically restrict the movement of people by decreasing immigration, or restricting local people to move into places with too many people. You can theoretically restrict having more children. Both of those restrictions have been hugely unpopular in places that have tried them. You cannot hold onto power in a democracy or democratic republic if you are sufficiently unpopular.

Re:Airbnb is squeezing Toronto’s housing market by toomuchtodo on Friday February 08, 2019 @03:53PM (#19118557)
You don’t have a right to live wherever you want. This is economics at work (housing costs increase until reaching equilibrium with supply, with supply being constrained by geographic or governance limitations).
Re:Airbnb is squeezing Toronto’s housing market by chrischen on Friday February 08, 2019 @03:57PM (#19118589)
Economics also dictates if that more people want to live in a place, more housing will be built. But intervention by law to prevent housing or slow it alters this.
Re:Airbnb is squeezing Toronto’s housing market by toomuchtodo on Friday February 08, 2019 @04:13PM (#19118727)
Zoning trumps economic forces. Local citizens are exerting their rights over their community, which they’re entitled to do.

These are hard problems to solve, I readily admit.

Re:Airbnb is squeezing Toronto’s housing market by tareqak on Friday February 08, 2019 @04:30PM (#19118883)
Zoning is reactionary though and there is a relatively long delay from when a problem with zoning first occurs, to when it is reported, to when locals organize, to when it reaches municipal government, to when it finally gets passed. I know municipal governments have a lot on their plate, but it'd be nice if there was a mandatory review of zoning laws zone by zone to preemptively investigate if the laws are helping or if the laws are hurting.
Re:Airbnb is squeezing Toronto’s housing market by toomuchtodo on Friday February 08, 2019 @04:35PM (#19118921)
Yes, agree entirely. You have to balance the wants of existing citizens with the housing demand from potential citizens.
Re:Airbnb is squeezing Toronto’s housing market by chrischen on Tuesday February 12, 2019 @03:23AM (#19141929)
With limited livable space on the Earth, "rights over their community" is not a tenable position. If every person had significant rights over a large area of land beyond where they explicitly own, there'd be no space left for other people.
Re:Airbnb is squeezing Toronto’s housing market by RobertoG on Friday February 08, 2019 @04:43PM (#19118969)
It seems to me that people want to live in a place because it's a good place for living.

In your opinion what is the end game of not zone restrictions?

Re:Airbnb is squeezing Toronto’s housing market by tareqak on Friday February 08, 2019 @04:27PM (#19118849)
I was trying to tackle the "too many people" problem directly. You've given a counterexample to the `manicdee's assertion that '"too few houses" is the same problem as "too many people."': well done!

Freedom of movement only allows you to get to a destination: it doesn't guarantee that you'll have sufficient resources at your disposal to do something once you at your destination (e.g. acquire a house, or find a job).

Re:Airbnb is squeezing Toronto’s housing market by anonuser123456 on Friday February 08, 2019 @04:04PM (#19118659)
Population growth in developed nation's is generally below replacement levels.

People migrating to more dense areas is the problem.

Re:Airbnb is squeezing Toronto’s housing market by hughes on Friday February 08, 2019 @03:40PM (#19118432)
Because people add value to a community... what would you suggest, blockading the routes into the city?

Unless you have an idea for reversing the trend of urbanization, telling people where they can and can't live is going to be a tough sell.

Re:Airbnb is squeezing Toronto’s housing market by stronglikedan on Friday February 08, 2019 @03:50PM (#19118537)
I think "too few houses" is the solution to "too many people". There's always somewhere else to go where there's "too many houses".
Re:Airbnb is squeezing Toronto’s housing market by sidusknight on Friday February 08, 2019 @03:45PM (#19118491)
Immigration is good for the economy and is a fundamental liberal value.
Re:Airbnb is squeezing Toronto’s housing market by albemuth on Friday February 08, 2019 @03:41PM (#19118444)
Economic growth, pensions...
Re:Airbnb is squeezing Toronto’s housing market by untog on Friday February 08, 2019 @03:01PM (#19118088)
Both of those things can be correct. They can both contribute towards the housing squeeze.
Re:Airbnb is squeezing Toronto’s housing market by darawk on Friday February 08, 2019 @03:17PM (#19118242)
Yes, but one of these things is increasing freedom, and the other is restricting it. In an ideal world, homeowners would be able to rent their place son AirBnB, and we'd have enough housing for everyone. The reason we can't live in that world is exclusionary zoning.
Re:Airbnb is squeezing Toronto’s housing market by gamblor956 on Friday February 08, 2019 @04:27PM (#19118854)
In such an ideal world, the neighbors could then charge the Airbnb-owner for the value he derives from their presence making the AirBnb a desirable option (after all, AirBnB markets its services to people who want to "live like locals), and for any negative externalities imposed upon them by the AirBnb, such as increased traffic, liability risks, etc.
Re:Airbnb is squeezing Toronto’s housing market by darawk on Friday February 08, 2019 @04:29PM (#19118868)
Ya, some kind of externality pricing there might be reasonable.
Re:Airbnb is squeezing Toronto’s housing market by maceurt on Friday February 08, 2019 @03:28PM (#19118325)
Zoning is there for a reason. Airbnb does not follow zoning for commercial or hotel/motel regions and invades on residential zoning. The zoning system would work a lot better if Airbnb did not literally break the law. People buy residential apartments and houses then rent them out on Airbnb because that is a more profitable business model than leasing them to new tenants or selling them. If there needed to be more house zoning, then the price of prime real estate in a residential zoning area would be worth more to lease than rent out.
Re:Airbnb is squeezing Toronto’s housing market by darawk on Friday February 08, 2019 @04:28PM (#19118857)
> The zoning system would work a lot better if Airbnb did not literally break the law

The zoning system was completely broken long before AirBnB showed up. Yes, Airbnb does exacerbate the already existing issues with zoning laws...but that's not an argument for eliminating Airbnb, it's an argument for eliminating or changing zoning laws.

Re:Airbnb is squeezing Toronto’s housing market by cycrutchfield on Friday February 08, 2019 @03:47PM (#19118514)
Precisely this. Go to any city in the world where new housing is not artificially constricted by local governments and you will find that the effect of airbnb rentals on housing prices are minimal.

I will not deny that the presence of airbnb rentals in a city can drive up the incremental cost of housing, but it is a proximate cause, not the root cause. The root cause is artificially constrained supply.

Re:Airbnb is squeezing Toronto’s housing market by bryanlarsen on Friday February 08, 2019 @04:39PM (#19118947)
Toronto is a sea of construction cranes[1], so it's not certain that zoning is the issue. Sure if you want a single detached house you have to be a millionaire, but the supply of multi-unit dwellings is increasing quite quickly.

1: https://www.blogto.com/city/2018/08/toronto-has-highest-numb...

Re:Airbnb is squeezing Toronto’s housing market by throwaway2048 on Friday February 08, 2019 @03:02PM (#19118097)
Hey look over there, that guy is doing it too!