With incredible speed and somewhat under the radar, Airbnb has become one of the biggest influences on both short and long term accommodation in cities around the world. The video below by Cracked breaks down the true costs to cities of the online rental giant through wit, satire and warning….some mild profanity.
Two of my friends in the last year have had their lives changed by Airbnb. One an eight year leaseholder of a house in Strathcona was renovicted so the entire dwelling could be put up for more lucrative short term rentals. The second friend massively over extended himself panic buying into a rising market, and left with the only option of renting his house on Airbnb for any hope in affording the hefty mortgage repayments. What have your experiences been with Airbnb? Is it good for Vancouver?