Steve Nguyen runs two Airbnb units in a downtown Victoria apartment building, including one decorated and paying homage to the television show, “Friends”. He says he’s still reeling from the news he soon won't be able to operate it as a short-term rental since he doesn’t live there.
  • Nik282000@lemmy.ca
    75·
    1 year ago

    but plans to list it for $150,000 less than he bought it for a year ago – its value walloped because in a matter of months, it will no longer be useable in most cases as an Airbnb, “The revenue stream dictates the value,”

    The system works!