this post was submitted on 05 Mar 2024
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Situation is horrible in Montréal and elsewhere in the province. There is something like 13'000 airbnb in Montreal, most of them illegal, and a lot of people are struggling to find a place to rent, price double/triple for some of them. When you had an appt at $685, are evicted, and the equiv appt is now for rent at $1600, what are you going to do?
I sure hope this doesn't happen but if things get bad enough? We could see people do something like burn Air BNB's to the ground. If enough of them go up in smoke, insurance companies will start putting in anti-short term rental conditions in their policies and that will largely be the end of it. Doesn't really take much to not insure a property used for commercial use, with a residential insurance plan.
The end result of that would be making it non-profitable to run an air bnb.
And if you need a lesson: Go look at the brutality that happened between Union Busters, and Unions back in the day that lead to actual labour laws. Those people weren't messing around - they got armed, and they dished out the pain to those they suspected were trying to do the same to the point that it basically brought local economies to a complete halt. The reality is? Properly applied violence tends to get results when nothing else is working.
Like I said: I hope this doesn't happen, but things are getting pretty bad and heading to worse.