I would like to add to my rant... Telling local South Africans that these foreigners are coming to invest here and give jobs is so demeaning. Basically what you are saying is that locals are not good enough to be entrepreneurs and business owners. So, you will allow the foreigners to come in here, buy up all the property, own all the businesses and live a luxurious lifestyle in our city. But, don't worry, the foreigners will employ you to serve their tables and wash their dishes!! This is extremely devaluing and insulting. The government needs to start supporting local entrepreneurship and put the profits back in the pockets of locals. And airbnb is a great source for local entrepreneurship. We just need to take it out of the hands of foreigners. Stop throwing little breadcrumbs at locals and teach them how to bake their own bread.
Airbnb's make renting more expensive, not buying property. Houses are expensive in cape town because it's Cape Town, one of the most premium locations in the world.
With all due respect, asking someone who is profiting from pricing out locals if AirBnB should be banned is a no brainer. She will obviously say no. The government at a national level, not just city of Cape Town should regulate air bnb. Locals should not be forced to only look at social housing because their local options that exist are being taken by tourists and people in nomad visas. That’s ridiculous. Tourists are visitors, they should not be prioritised to the extent of disrupting the ecosystem of indigenous people. She’s basically promoting creating this huge problem and then saying it’s up to city of Cape Town to decide what they do with the majority of people being pushed out. Nonsense
It's both sad and sickening how us locals in Cape Town have to suffer because we can't afford property here. You have to cram yourself into a small space for an exorbitant rental ! We DONT earn dollars/euros etc, we get paid in SA Rands! The greed of most Airbnb owners, yes including locals are just disgusting! It's like a monster has come alive when they feel the money jiggling in their pockets. We live in South Africa, not Monaco!!
@@Karen-ig6bp 😂 when the tables have turned all if a sudden you insult people. Akere this is the same message when you preferred foreigners over black SAns. You will be reminding them of how much they voted for the ANC. The wheel does go round nhe! 😂 stop voting for the DA
Banning airbnb will take away people's livelihoods who cannot find employment. Many people own a single property and survive solely on airbnb income as well as airbnb experiences. The problem is that there is no restriction on foreigners purchasing property like there is in other countries. Cape Town has an extreme problem with Europeans, and now Americans, buying up huge amounts of property. Reselling at inflated prices to other foreigners or renting out at inflated prices to other foreigners who then open businesses that serve tourists. Locals cannot even afford to rent in Cape Town any more, let alone buy. Airbnb is not the problem. We need to start restricting how many properties foreigners can purchase, and areas where foreigners can purchase. I rent a commerical property to run my small ceramic business. Every property I viewed is owned by a foreigner and the property I now rent is owned by a foreigner as well as the property I previously rented. 60% of the flats in the block I live in is owned by Europeans who rent out to tourists because locals can not afford the inflated prices. Blaming airbnb is a narrow minded way of looking at the problem. Many locals survive off airbnb experiences. Government needs to wake up and notice the real issue. Besides all the Europeans buying up all our property, they are the only ones who can afford to open business'. Local entrepreneurship is not being supported and we get treated like unwelcome visitors in our own city. Bermuda, as an example, do not allow foreigners to purchase property because of this exact problem.
I recently wrote an article about this and the urgent need for the government to regulate Airbnb! The insults I received from Airbnb hosts! I believe it should have been regulated long back already!
@@Samkeliso_Nkwanyane Yes you will. It's those "monsters" I referred to many times. Their demonic eyes gleam the moment they hear money. They change character I tell you! Needless, please don't stop writing articles about it, irrespective of the backlash. We need that channel to stay open. You have support here! 👍🏼
Let them carry on and they will face winters staring at each other and wondering why the city is empty. Businesses will close and there will be no locals to support them.
Cape Town will become a theme park, making it more controllable for Zille. South Africans will be pushed out. Businesses will move, and the culture of the City will be destroyed.
You don’t want too much tourism. Having travelled recently, it can be very packed in touristy destinations and encroach on the daily living of residents
This is what the da is all about, prioritization of the private sector over the workers prioritization of foreign investors over citizens, instead of local entrepreneurs and the protection of employees and salaries to grow the middleclass they prefer the market (employer) decide, and the majority has and will always choose the lowest number, according to the da and eff south africans must work for foreigners
Who is profiting the most from this Airbnb boom in Cape Town, and who is being impacted the most. Those two questions alone will determine the severity of the regulation needed.
So the policies are geared towards short term rentals for "digital nomads" and not building housing stock for locals, graduates, professionals, etc. The prices of these rentals, puts even the current housing stock way out of reach of our middle classes. It just shows where the DA's priorities lie, not with locals.
ppl can't afford to live in their own friggen cities where they pay tax. landlords have gone crazy with greed even to longterm renters, who are now paying something like 350 Rands per square meter! Excluding elec , parking etc, w t f ! do something Cape town GOV, this is messed up.
Go and check how the usa states are cracking down . Which is a good thing. Id rather have the hotels also stand up against the air bnb. look into who is owning these air bnbs ..... Because if foreigners are buying up houses then all that money is leaving the city. Not helping the economy.
2 things: 1. Locals simply cannot compete with Pounds, Dollars and Euros when government allows foreigners to buy property anywhere and everywhere for cheap compared to overseas cities. We need protected areas for SA citizens and (2) we need international zones to boost investment in undeveloped areas that are still attractive to international investors as done in parts of Panama and other countries.
Oh.... and maybe there should be stricter regulation on estate agents, who favour foreigners as tenants over locals + in addition to hiking the rental rates to crazy levels,and LIE, blatantly, about the size of places. I have now been the victim of this 3 times! and not a little bit, but on average 20% so if the per square meter rate is say for instancre R35 000 when buying that will impact someone's bond over 20 years, by R2000 a month! Shocking, and disgusting crazy greed!
I am not sure if this was the right person to ask these questions given that she is a property broker. Perhaps an expert in housing policy or something like that who can tell us more about what has worked and what hasn't globally and understands the body of knowledge on this a bit more
The demand for developments where airbnb is allowed is booming. The demand for airbnb rentals are not. The market is saturated except for 2 weeks a year.
The city doing a great job at building affordable housing next to railway stations. The whole taxi regulation crackdown was to protect the railways. once that's up and running, nearly 1 million people per day will use the trains. Land close to stations will be earmarked for subsidised social housing. This is all DA initiative and needs to be applauded. It's slow progress, but it's progress.
People are so small minded. They want regulation and less airbnb, but the revenue that foreign investment can bring can bring about social housing projects that are in the 100s of millions
I would like to add to my rant... Telling local South Africans that these foreigners are coming to invest here and give jobs is so demeaning. Basically what you are saying is that locals are not good enough to be entrepreneurs and business owners. So, you will allow the foreigners to come in here, buy up all the property, own all the businesses and live a luxurious lifestyle in our city. But, don't worry, the foreigners will employ you to serve their tables and wash their dishes!! This is extremely devaluing and insulting. The government needs to start supporting local entrepreneurship and put the profits back in the pockets of locals. And airbnb is a great source for local entrepreneurship. We just need to take it out of the hands of foreigners. Stop throwing little breadcrumbs at locals and teach them how to bake their own bread.
AirBnB should be regulated.Tourism minister should step on it and install regulation.DA for sure won't do anything.
Yeah they gonna turn cpt into bali. That will be a nightmare.
The hotels should make a big stink as they did in the USA . The hotels are paying taxes and all those things...it should be regulated for sure!!
Please regulate these AirBnB's! It's so expensive buying property in Cape Town
Airbnb's make renting more expensive, not buying property. Houses are expensive in cape town because it's Cape Town, one of the most premium locations in the world.
@@timiade8804 Correct. Think Warren doesn't quite get it.
@@timiade8804kak praat nie !!!
You got Internet....it is still cheap compare to popular cities in the rest of the world!!!
We need regulation IMMEDIATELY in CPT!
Dream on. The locals of Cape Town voted for Zille, and she is all about this kind of economy, that excludes, the majority of South Africans.
With all due respect, asking someone who is profiting from pricing out locals if AirBnB should be banned is a no brainer. She will obviously say no. The government at a national level, not just city of Cape Town should regulate air bnb. Locals should not be forced to only look at social housing because their local options that exist are being taken by tourists and people in nomad visas. That’s ridiculous. Tourists are visitors, they should not be prioritised to the extent of disrupting the ecosystem of indigenous people. She’s basically promoting creating this huge problem and then saying it’s up to city of Cape Town to decide what they do with the majority of people being pushed out. Nonsense
You must be a special kind of a domkop....
If goverment step in...then you don't live in a capitalist country anymore !!!
It's both sad and sickening how us locals in Cape Town have to suffer because we can't afford property here. You have to cram yourself into a small space for an exorbitant rental ! We DONT earn dollars/euros etc, we get paid in SA Rands! The greed of most Airbnb owners, yes including locals are just disgusting! It's like a monster has come alive when they feel the money jiggling in their pockets. We live in South Africa, not Monaco!!
Why not complain to your High and Mighty Rich Domkop DA????
@@truth-Hurts375 And it helped? ... What is your guess?....
You voted for DA
@@Sterfillah Oh really. Are you a clairvoyant? Or 8 years old?
@@Karen-ig6bp 😂 when the tables have turned all if a sudden you insult people. Akere this is the same message when you preferred foreigners over black SAns. You will be reminding them of how much they voted for the ANC. The wheel does go round nhe! 😂 stop voting for the DA
Ban airbnb's are should be heavily regulated !!!
Banning airbnb will take away people's livelihoods who cannot find employment. Many people own a single property and survive solely on airbnb income as well as airbnb experiences. The problem is that there is no restriction on foreigners purchasing property like there is in other countries. Cape Town has an extreme problem with Europeans, and now Americans, buying up huge amounts of property. Reselling at inflated prices to other foreigners or renting out at inflated prices to other foreigners who then open businesses that serve tourists. Locals cannot even afford to rent in Cape Town any more, let alone buy. Airbnb is not the problem. We need to start restricting how many properties foreigners can purchase, and areas where foreigners can purchase. I rent a commerical property to run my small ceramic business. Every property I viewed is owned by a foreigner and the property I now rent is owned by a foreigner as well as the property I previously rented. 60% of the flats in the block I live in is owned by Europeans who rent out to tourists because locals can not afford the inflated prices. Blaming airbnb is a narrow minded way of looking at the problem. Many locals survive off airbnb experiences. Government needs to wake up and notice the real issue. Besides all the Europeans buying up all our property, they are the only ones who can afford to open business'. Local entrepreneurship is not being supported and we get treated like unwelcome visitors in our own city. Bermuda, as an example, do not allow foreigners to purchase property because of this exact problem.
Well stated. ❤️
We lost Cape Town long ago,no regulation whatsoever by DA government
They still voted for DA and they will continue to do so
Newsflash; The DA government is the ENABLER‼️
I recently wrote an article about this and the urgent need for the government to regulate Airbnb! The insults I received from Airbnb hosts! I believe it should have been regulated long back already!
@@Samkeliso_Nkwanyane Yes you will. It's those "monsters" I referred to many times. Their demonic eyes gleam the moment they hear money. They change character I tell you! Needless, please don't stop writing articles about it, irrespective of the backlash. We need that channel to stay open. You have support here! 👍🏼
Please can you share a link to your article
Let them carry on and they will face winters staring at each other and wondering why the city is empty. Businesses will close and there will be no locals to support them.
Cape Town will become a theme park, making it more controllable for Zille. South Africans will be pushed out. Businesses will move, and the culture of the City will be destroyed.
You don’t want too much tourism. Having travelled recently, it can be very packed in touristy destinations and encroach on the daily living of residents
Welcome to the DA future!
Gentrification is bad here in CT rates are high
Asking a property broker if the thing that makes her money should be banned, what’s next are you going to ask a barber if you need a haircut??
This is what the da is all about, prioritization of the private sector over the workers prioritization of foreign investors over citizens, instead of local entrepreneurs and the protection of employees and salaries to grow the middleclass they prefer the market (employer) decide, and the majority has and will always choose the lowest number, according to the da and eff south africans must work for foreigners
Who is profiting the most from this Airbnb boom in Cape Town, and who is being impacted the most. Those two questions alone will determine the severity of the regulation needed.
So the policies are geared towards short term rentals for "digital nomads" and not building housing stock for locals, graduates, professionals, etc. The prices of these rentals, puts even the current housing stock way out of reach of our middle classes. It just shows where the DA's priorities lie, not with locals.
ppl can't afford to live in their own friggen cities where they pay tax. landlords have gone crazy with greed even to longterm renters, who are now paying something like 350 Rands per square meter! Excluding elec , parking etc, w t f !
do something Cape town GOV, this is messed up.
This is a real problem. Airbnb needs some serious regulations. It's pricing out people who actually want to live
Go and check how the usa states are cracking down . Which is a good thing. Id rather have the hotels also stand up against the air bnb. look into who is owning these air bnbs ..... Because if foreigners are buying up houses then all that money is leaving the city. Not helping the economy.
2 things: 1. Locals simply cannot compete with Pounds, Dollars and Euros when government allows foreigners to buy property anywhere and everywhere for cheap compared to overseas cities. We need protected areas for SA citizens and (2) we need international zones to boost investment in undeveloped areas that are still attractive to international investors as done in parts of Panama and other countries.
Oh.... and maybe there should be stricter regulation on estate agents, who favour foreigners as tenants over locals + in addition to hiking the rental rates to crazy levels,and LIE, blatantly, about the size of places. I have now been the victim of this 3 times! and not a little bit, but on average 20% so if the per square meter rate is say for instancre R35 000 when buying that will impact someone's bond over 20 years, by R2000 a month! Shocking, and disgusting crazy greed!
Lol asking a property broker if banning air bnb would be bad is hilarious....theres more in it for them
I am not sure if this was the right person to ask these questions given that she is a property broker. Perhaps an expert in housing policy or something like that who can tell us more about what has worked and what hasn't globally and understands the body of knowledge on this a bit more
🎯💯🤷🏻♀️
Beautiful cape Town.
The demand for developments where airbnb is allowed is booming. The demand for airbnb rentals are not. The market is saturated except for 2 weeks a year.
Ridiculous impact on housing
Profiting off stolen land!!!
He had to bring up Apartheid spaceial planning, there wouldn't be jobs in COT for people to travel too, if the city was a dump.
What is happening to Cape Town is the samething happening to Hawaai and Spain
The city doing a great job at building affordable housing next to railway stations. The whole taxi regulation crackdown was to protect the railways. once that's up and running, nearly 1 million people per day will use the trains. Land close to stations will be earmarked for subsidised social housing. This is all DA initiative and needs to be applauded. It's slow progress, but it's progress.
www.capetown.gov.za/Media-and-news/R575m%20Goodwood%20social%20housing%20project%20progressing%20well
People are so small minded. They want regulation and less airbnb, but the revenue that foreign investment can bring can bring about social housing projects that are in the 100s of millions
Love it or hate it CT property only goes up!
As if that's a good thing!🤦🏻♀️
This is excellent for the socio-economy of the country!!! Remember this is an entire value chain that benefits, not just the owners!!
Amazing how the White Domkoppe in SA think that all people who earn dollars ..euros or pounds are rich !!!
😂😂