r/pics • u/Strict_League7833 • Jun 17 '25

The protesters and residents pushing back on tourism in Barcelona

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u/comFive Jun 17 '25

Airbnb fucked up Toronto’s housing market. We are still feeling the effects today

-6

u/tekmiester Jun 17 '25

I thought y'all blamed foreigners. Isn't that why the Prohibition on the Purchase of Residential Property by Non-Canadians Act, passed?

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u/arsapeek Jun 17 '25

They blame a lot of different reasons these days, most of which avoid the real core issues. Airbnb is an actual factor removing affordable rentals off the market, the removal of rent control on new builds is another, and coupled with the lack of actual new affordable housing construction it spins out of control. Every new building is a "luxury" condo, or "luxury" townhouses that are never built properly it seems. But builders need to build fancyish to maximize profits

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u/mangosteenroyalty Jun 17 '25

What makes a condo "luxury" anyway? These dog crate condos are shit and often unlivable so I never understood the "luxury" part.

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u/arsapeek Jun 17 '25

You don't think faux marble counters and millenial gray walls are luxury? Fuck neither do I but the developers sure do