AirB&B housing speculators ran up the price of housing for everyone, and ruined the quality of life in thousands of residential neighborhoods. Now communities are starting to fight back against STRs, which is going to force millions of f*cked borrowers to dump these “investments” at a loss.

December 19, 2022, 10:38 AM by Alex Mark

Know that the City of Toronto is now enforcing the 180 nights short term rental maximum allowance.
They will investigate you and audit you if they catch you. And it’s highly likely they will. Not even worth taking the risk.
— Nasma Ali (@nasmadotali) December 17, 2022

City also threatening fines of $100k if you go over the 180 😳
— Nasma Ali (@nasmadotali) December 17, 2022

h/t Boo_Randy

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