Hacker News new | past | comments | ask | show | jobs | submit login

I'm not sure what your point is.

You are taking into account the entire population of the country while calculating the displacement of the population, while Airbnb units this article is referencing tend to be concentrated in certain neighbourhoods of certain cities. Your calculation is off by a mile.

Why are you assuming the distribution of AirBnBs is significantly different than the distribution of Canada's population?

Do you actually believe that you have equal amount of Airbnb's in Jane and Finch compared to Entertainment district even though population in the respective areas might be comparable?

Again really not sure what your point is. If you can't afford Entertainment district move to another one -- unless you're arguing that AirBnB is the reason why the Entertainment district is expensive.

Airbnb is a part of the reason. There are studies out there that show that the rents in nicer neighbourhoods have gone up more than the average increase in the city. It is easier for the landlords to Airbnb the unit and make more money compared to renting it out long term. This decreases the supply of available long term units, which in turn increases the rent. Now is Airbnb the only cause for increase in rental prices? Hell no, but it definitely is a catalyst. I do think that Airbnb is beneficial if it was used the way it was meant to be, but it just has become another investment avenue for the rich now while fucking over people who actually work and live in the city but can't afford to buy a place.

It’s clearly increasing the price over what it would be. Just because X is affordable does not make X + a little bit more affordable.

So, now you not only displace people from that location you want the displacement to casecade across the rental market forcing large numbers of people to have a worse commute and or pay more in rent. Perhaps some people could possibly have a major problem with that idea.

PS: You can actually just search locations on Airbnb it’s rather concentrated magnifying this impact.

Airbnb’s tend to be near central business districts or other attractions.

If by offering short term rentals you take 30% of the rentals off the market (which may only be 100 apartments), that has a huge impact. Rental prices are all about marginal demand.

There are other factors as well — there is a de facto price floor due to section 8 prevailing rent. Because of factors like the “just build” doesn’t work, as profitable new construction is high-end, and the older stock tends to turn into defacto hotels.

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact