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A comment on The global housing market is broken, and it’s dividing entire countries. Parent comment
Instead, only allow short term rentals where the owner is present. This means multi family units or rooms in houses or apartments.
As for taxing them, it’s a nice idea but AirBnB is already not paying hotel taxes.
As for vacancy taxes, I’m more skeptical just because this hasn’t seemed to have worked anywhere it’s been tried (eg Vancouver).
We just need to stop being so friendly to people parking money in residential real estate with punitive taxation and restrictions.
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Instead, only allow short term rentals where the owner is present. This means multi family units or rooms in houses or apartments.
As for taxing them, it’s a nice idea but AirBnB is already not paying hotel taxes.
As for vacancy taxes, I’m more skeptical just because this hasn’t seemed to have worked anywhere it’s been tried (eg Vancouver).
We just need to stop being so friendly to people parking money in residential real estate with punitive taxation and restrictions.