Re:Bill Comes Due for Overextended Airbnb Hosts
by vipa123 on Tuesday April 28, 2020 @06:46PM
(#23013045)
Never let public good stand in the way of making a buck.
Re:Bill Comes Due for Overextended Airbnb Hosts
by duckMuppet on Tuesday April 28, 2020 @07:49PM
(#23013572)
We need to the govt to bail these folks out.
If we can find an extra 84,500$ per month for Congresspersons to get childcare, i think we can find money to bail out these ppl.
Re:Bill Comes Due for Overextended Airbnb Hosts
by ianmobbs on Wednesday April 29, 2020 @03:05PM
(#23022865)
In what world is having an Airbnb empire, significantly increasing rental costs for actual residents of the city, morally equivalent to childcare?
Re:Bill Comes Due for Overextended Airbnb Hosts
by chriswphoto on Wednesday April 29, 2020 @01:56AM
(#23015862)
Well written! Airbnb hoteliers are a net negative for cities.
Re:Bill Comes Due for Overextended Airbnb Hosts
by fortran77 on Wednesday April 29, 2020 @12:42PM
(#23021200)
And of course, they probably got all sorts of tax credits and breaks intended for "first time home buyers" and not R-E investors.
Re:Bill Comes Due for Overextended Airbnb Hosts
by EricE on Friday May 01, 2020 @04:01PM
(#23045950)
I dunno why the government needs to get involved, the whole article is about how market forces are evening out the very things you are complaining about.
All without bureaucrats getting involved. Funny, that.
At first, it was just some guy renting out his spare bedroom, or attached unit. Nobody cared about that, and we supported them in their attempt to make an extra buck to pay for their mortgage.
But then, it became people who took out 5 to 10 mortgages, on separate properties, and turned these homes into a little hoteling empire. This reduced available properties, thus increasing housing costs for everyone, including buyers and renters.
And when you multiply this by thousands of people doing the same thing, then we all now have a very serious housing problem.
It’s a travesty, that the mortgage lenders allowed this to happen. This is also a result of a lack of regulation and oversight. Society must rectify this.