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This Vancouver home made $18K a month from short-term rentals. Are regulations working? | Globalnews.ca (globalnews.ca)

submitted 1 year ago by grte@lemmy.ca to c/britishcolumbia@lemmy.ca

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[–] SkepticalButOpenMinded@lemmy.ca 21 points 1 year ago (1 children)

“It is a free market. Canada is capitalism,” Yang added. “You cannot say, ‘Oh, because I do the shorter lease, (as a long-term renter) it affects you badly.’ You cannot do that.”

What an infuriatingly entitled thing to say. Yes we can say that. We can and should have stronger regulations around this stuff. We’re building all this new supply but it doesn’t matter one bit if it just goes on airbnb.

[–] hillsanddales@sh.itjust.works 5 points 1 year ago

Every capitalist "free" market has rules. There is no such thing as a perfectly free market, nor should there be, unless we want a system closer to feudalism than a democracy.