AirBnB units drop by 74% due to SF regulations
Vancouver is about to do the same with a new bylaw governing short term rentals. The cause is an unbelievable shortage of actual long term rentals for people who live in the city. But the cause of THAT shortage is not AirBnB. It’s rampant speculation by both locals and foreign investors.<p>Rather than fix the tricky speculation issue, government focused on Airbnb. IMHO this will hurt both cities by making it more expensive to visit.