Cape Town increasing supply of dwellings to address lack of affordable accommodation

The reality is that AirBNB has nothing to do with the lack of long-term rentals. The real reason is because landlords are sick and tired of the risks associated with long-term rentals, the cost and anguish of evicting delinquent tenants, and the law always being on the side of tenants, no matter how sucky they are. Make it easier for landlords to evict long-term tenants and you are half-way to solving the crisis.
Nah the reality is revenue is the primary driver. The rest is just noise. Once again though, my comments are in the context of AirBNB being used as a business. You end up with a whole bunch of unintended institutional investors and property speculators that'll have unintended consequences for the market and arguably eventually yourself too.
 
Yes, obviously there are laws and regulations, but my point is, at it stands at the moment, the City of Cape Town and the national government have no right to tell you how long you can rent your property out for. Hence, at the moment, it is nobody's business. And it should stay that way.

AirBnB is a business. It should be regulated like a business. Why is a hotel regulated in one way and a AirBnB apartment in another way? At the moment it just seems like exploiting loopholes because of semantics.

Luckily at least there was a ruling that Sectional Titles can place limitations in their rules. And I suspect it more and more will do so.

The problem is a minority problematic AirBnB owners have ruined it for everybody, and unfortunately we can't say "only regulate the idiots".
 
AirBnB is a business. It should be regulated like a business. Why is a hotel regulated in one way and a AirBnB apartment in another way? At the moment it just seems like exploiting loopholes because of semantics.

Luckily at least there was a ruling that Sectional Titles can place limitations in their rules. And I suspect it more and more will do so.

The problem is a minority problematic AirBnB owners have ruined it for everybody, and unfortunately we can't say "only regulate the idiots".

AirBNB is just a convenient shorthand for the short-term rental industry in general. I don't see how a short-term rental is any different from a long-term rental in terms of being considered a business. If you want to treat short-term rentals like businesses then you have to treat all forms of property letting as a business. And if you did that, the entire property letting industry would grind to a halt if every property that was let out had to be zoned as a business by the municipality.
 
The reality is that AirBNB has nothing to do with the lack of long-term rentals. The real reason is because landlords are sick and tired of the risks associated with long-term rentals, the cost and anguish of evicting delinquent tenants, and the law always being on the side of tenants, no matter how sucky they are. Make it easier for landlords to evict long-term tenants and you are half-way to solving the crisis.
/thread
 
CONSPIRACY theory loading:

It is the great grand scheme of COCT. Allow maximum development of micro apartments along the atlantic seaboard, regulate Airbnb market. Turn micro apartments into social housing as investors default on short term buy to let :)
 
CONSPIRACY theory loading:

It is the great grand scheme of COCT. Allow maximum development of micro apartments along the atlantic seaboard, regulate Airbnb market. Turn micro apartments into social housing as investors default on short term buy to let :)
And take over the maintenance of the properties?
 
In Brackenfell we have the Protea Hoogte and Ruwari suburbs. On the hill, overlooking the peninsula. Wonder view of the Mountain. And there is a field, about 100sqr meters. Jip. Low cost apartments is going up.
The people protested and had online lobbies about it. Not enough exits form the area to the high ways. The exiting road and water structures. of course the view and decline in property is also noted. And all was ignored and a low cost cheap block of apartments will be build in a very rich neighbourhood. There are other places, why choose there?

So , quite soon, where you had an unobstructed view of the mountain at sunset you will look into a block of cheap flats. with no parking so putload of cars in the road, which is small allready. And all the goodies you get with these kind of apartments, as seen across Kraaifontein and parts of Brackenfell. house prices in that specific area is in freefall.
 
In Brackenfell we have the Protea Hoogte and Ruwari suburbs. On the hill, overlooking the peninsula. Wonder view of the Mountain. And there is a field, about 100sqr meters. Jip. Low cost apartments is going up.
The people protested and had online lobbies about it. Not enough exits form the area to the high ways. The exiting road and water structures. of course the view and decline in property is also noted. And all was ignored and a low cost cheap block of apartments will be build in a very rich neighbourhood. There are other places, why choose there?

So , quite soon, where you had an unobstructed view of the mountain at sunset you will look into a block of cheap flats. with no parking so putload of cars in the road, which is small allready. And all the goodies you get with these kind of apartments, as seen across Kraaifontein and parts of Brackenfell. house prices in that specific area is in freefall.
COCT is concerned with development, it translates into rate$ and taxe$.

Brackenfell is already a traffic nightmare, and there is not a thing they are doing about it.

Community feedback is also only smoke and mirrors, they could give less of a fck what anyone thinks.
 
AirBNB is just a convenient shorthand for the short-term rental industry in general. I don't see how a short-term rental is any different from a long-term rental in terms of being considered a business. If you want to treat short-term rentals like businesses then you have to treat all forms of property letting as a business. And if you did that, the entire property letting industry would grind to a halt if every property that was let out had to be zoned as a business by the municipality.
That sounds like a really good idea though.

Both short term and long term rentals have their issues anyway. I lived in a complex where 95% of the units were renals and it was horrid.
You need a balance between the number of residents being owners and renters.
 
That sounds like a really good idea though.

Both short term and long term rentals have their issues anyway. I lived in a complex where 95% of the units were renals and it was horrid.
You need a balance between the number of residents being owners and renters.
It's often true, hence the saying "Here comes the renters, there goes the neighborhood"

Of course, there are many exceptions.
 
We live in a time where authorities are becoming dictatorial and the man on the street is telling them to go get knotted. I certainly would not comply with a time limit law under any circumstance. Who I rent my property to and for how long has nothing to do with anyone other then the tenant and I. The DA is short of low cost housing because the have increased the cost of living so much that people are loosing homes they have owned for generations. The DA is most definitely not the answer to any of this countries problems.
 
That sounds like a really good idea though.

Both short term and long term rentals have their issues anyway. I lived in a complex where 95% of the units were renals and it was horrid.
You need a balance between the number of residents being owners and renters.
We need less government interference not more.
 
We live in a time where authorities are becoming dictatorial and the man on the street is telling them to go get knotted. I certainly would not comply with a time limit law under any circumstance. Who I rent my property to and for how long has nothing to do with anyone other then the tenant and I. The DA is short of low cost housing because the have increased the cost of living so much that people are loosing homes they have owned for generations. The DA is most definitely not the answer to any of this countries problems.
Totally agree. At this point they're just the lesser evil.

They're into it for the money, but this is what you get when the people want government run like a business.
 
Who I rent my property to and for how long has nothing to do with anyone other then the tenant and I.
I'm guessing you have no issue then with a slumlord buying the building opposite and renting the apartments out by the room, per hour, per day, whatever works...
 
We need less government interference not more.
Who else would solve this problem ?

The free market only works when there are mechanisms to prevent it from failing.

Unless you have an issue with private property ownership ? Because that is what we are losing here.
 
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