Thread by @StephenPunwasi

Toronto’s housing crisis means we need to curb speculative use of housing, including aggressive AirBNB use.

Let’s start with:
- hosts can rent a room, but not a whole home. They must be present
- fining host & platforms for allowing false license data (common)

#LetsFixIt

https://twitter.com/zoedodd/status/1569441641311911937

2/ if you knew how many people rent multiple condos and then AirBNB them, you’d be a lot angrier.

Yes, they don’t even own the unit. 😒

3/

- state subsidies inflated the price of housing
- the state restricted building
- the state de-risked banks to provide reckless leverage

It’s the state’s moral responsibility to curb that fallout. Unfair? What’s unfair is students in homeless shelters due to no housing.

4/ “but Toronto is a world class city.”

World class cities:
- Paris, airbnbs banned
- NYC, airBNB restricted to the rules above
- Barcelona, severe restrictions
- San Francisco, severe restrictions
- Bangkok (and all of Thailand), illegal

So yeah, let’s make Toronto world class

5/ Oh cool. Toronto restricted hosts to their primary residence, so I guess Alec and Lily have 44 primary residences in Toronto. 😂

Honestly, politicians think we’re dumb and have no intention of enforcing any rules, they just want us to stop complaining.

6/ Toronto saw an estimated 1,700 “whole homes” rented in the past 12 months for at least 90 nights, with the majority for longer than 255 nights, according to @InsideAirbnb.

So, it’ll take me about two months after being elected to deliver that much inventory.