🔴🏡 BC property owners who have short-term rentals are in crisis mode. What was once a profitable endeavor is now a possible bankruptcy for many! Being forced to sell your rental property in an oversaturated market with sales ratios in the single digits could be wipe out many financially.

🔴🏡 But is this really going to help? Are we actually going to see a measurable return on this drastic new policy?? How are the economic metrics going to work when any property you look at with today’s interest rate and 20% down is an immediate negative cash flow property?

🔴🏡 is our provincial @bcndp government creating a great new policy that will drastically increase inventory and bring down retnal rates? Are they correct that greedy landlords have been driving up the cost of rent with short-term rentals?? Or did the government themselves create this problem when they cause the massive amount of debt and spending over the past 3 years, causing inflation to reach astronomical levels forcing the Bank of Canada to increase interest rates at record high rates which has directly increase the cause of housing?? If inflation wasn’t so high caused by unnecessarily printing so much money in the last 3 years then we wouldn’t be in this housing crisis in the first place. My strong belief is that one should always be very skeptical when the government starts pitting people against each other so quickly, usually when you look into it it’s them that caused the problem in the first place and then they are the ones who need to pass the blame. Greedy landlords didn’t cause the housing crisis. Over restrictive zoning laws and Regulation and over taxing is the reason it cost twice as much to build a home here as it does in Washington state. Nothing else has contributed to the cost nearly as much as that when looking at weighted factors it’s unequivocal for anyone fair-minded… But…

Curious to hear your thoughts and opinions in comments below 👇👇👇‼️