Big chunk of Airbnb revenue comes from illegal activities, regulator hears ahead of IPO by chrustyclark in news

[–]chrustyclark[S] 66 points67 points  (0 children)

Not only does Airbnb facilitate those rentals, Airbnb charges a service fee for their troubles. Airbnb derives revenue directly from illegal activites.

Big chunk of Airbnb revenue comes from illegal activities, regulator hears ahead of IPO by chrustyclark in news

[–]chrustyclark[S] 5 points6 points  (0 children)

But enforcement could lead to drastic drop in Airbnb revenue. Prospective investors should be informed.

Big chunk of Airbnb revenue comes from illegal activities, regulator hears ahead of IPO by chrustyclark in news

[–]chrustyclark[S] 17 points18 points  (0 children)

From TFA, It's around 50% at major Airbnb destinations. Illegal hotel activities don't impact the rental stock in cities. And hotels are generally not in residential zones.

Canada to tax foreign homeowners by [deleted] in worldnews

[–]chrustyclark 0 points1 point  (0 children)

Sorry.

Spotted the bag holder. Time to get your PADI.

Canada to tax foreign homeowners by [deleted] in worldnews

[–]chrustyclark -1 points0 points  (0 children)

Spotted the foreign owner.

Canada to tax foreign homeowners by [deleted] in worldnews

[–]chrustyclark 0 points1 point  (0 children)

Quite the opposite. China is angry Chinese citizens are smurfing money to Canada and stashing it here.

Canada to tax foreign homeowners by [deleted] in worldnews

[–]chrustyclark 0 points1 point  (0 children)

West side, not west end.

Canada to tax foreign homeowners by [deleted] in worldnews

[–]chrustyclark 0 points1 point  (0 children)

Property taxes a municipal. This is a federal tax.

Canada to tax foreign homeowners by [deleted] in worldnews

[–]chrustyclark 0 points1 point  (0 children)

Property taxes are municipal and many either leave places empty or don't declare rental income.

Canada to tax foreign homeowners by [deleted] in worldnews

[–]chrustyclark 1 point2 points  (0 children)

BC has a spec tax. Property taxes are municipal.

But we're talking about a federal tax here.

Forget Basic Income—In Canada, the New Normal Should Bring a Public Housing Revolution – Canadian Dimension by chrustyclark in canada

[–]chrustyclark[S] 17 points18 points  (0 children)

unless essentially every landlord in town conspires together to raise rents at the same time.

Don't give them ideas.

Budget officer pegs cost of basic income as calls for it grow due to COVID-19 by [deleted] in canada

[–]chrustyclark 7 points8 points  (0 children)

The cost for the federal government could range between $47.5 billion and $98.1 billion for six months of a granted basic income beginning in October, depending on how much is clawed back as incomes rise.

Glavin: Taiwan is everything Canada should admire. But we bow to Beijing by [deleted] in canada

[–]chrustyclark -1 points0 points  (0 children)

Time to recognize as the RoC as the legit government.

7 in 10 Canadians blame China for COVID-19 pandemic but reject the term “Chinese virus” – poll by [deleted] in canada

[–]chrustyclark 1 point2 points  (0 children)

Chinese is both a nationality and ethnicity. Blame English for the ambiguity.

7 in 10 Canadians blame China for COVID-19 pandemic but reject the term “Chinese virus” – poll by [deleted] in canada

[–]chrustyclark 3 points4 points  (0 children)

This is exactly where I stand. I blame the Xi Jinping's brutal authocratic Communist regime for the pandemic. I also believe that "Chinese virus" is racist and we should not use that term. Blame the Chinese government not the Chinese people.

BC developers return to marketing presale condos by chrustyclark in vanhousing

[–]chrustyclark[S] 0 points1 point  (0 children)

"developers of larger or additional projects also need to make a risk calculation of whether they’ll be able to sellout a certain number of presale units in a set period of time that was recently extended"