- Aug 22, 2009
It's called capitalism.I disagree that political intervention is required to sort this out, however, as a renter in CPT, I do agree that AirBnB has definitely, significantly contributed to a shortage of affordable rentals.
I personally lost my flat earlier this year as the owner had decided that a gamble on AirBnB would net more than my very fair rental. For the record, I was an excellent tenant, backed up by the owner and all of my former landlords.
I have seen an above-inflation increase in the price of rentals too. I generally rent one-room, furnished units.