1867 replies to this topic

[Mike K.]

AirBnB operators have to do their homework. If you’re a big player, and you’re not aware the municipality you are in doesn’t allow short-term rentals, that’s a problem. Or you take the risk, and accept the outcomes.

[Sparky]

What about the poor smuck that buys a STR when it was ok to rent them out….and then the rules change?

[Mike K.]

In Saanich it was never ok. In Victoria, only select buildings had the ‘zoning,’ so investors were buying them up and exploiting a loophole.

I sympathize with people who got taken for a ride by essentially buying a business they thought would be around forever, but AirBnBs became such a problem in condos where they operated that it was inevitable the industry would eventually go the way of strict regulation or outright banning.

The next big ban will be drones. I’d recommend not investing too much money into those gadgets, if you’re planning to splurge on something.

[aastra]

 

And then they can have a tourism industry crisis to solve next!

 

Don't we have two already? Overtourism and not enough tourism? I don't think I could handle a third crisis in that same sector.

[LJ]

First they repurpose all the affordable hotels into workless shelters then shut down all the affordable STR's and then wonder why tourism dollars are down. 

 

Brilliant.

[Victoria Watcher]

Ya. So ****ing lame.

[Sparky]

^^^^ I already bought a drone.

[Mike K.]

Keep the receipt!