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Thanks for your comments Pintohoo,I feel sorry for the older...

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Wombat

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09/05/19

20:38

Post #: 38495332
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Originally posted by pintohoo: ↑

Changes in market dynamics will often require changes in management practices.

I'm afraid this is capitalism - this is what we choose as a society.

If AirBnb or similar is going to swamp unit complexes and have some problem behaviours - - our capitalist society says that we just manage the behaviours -

it well may be that each complex will have to have live in management who monitor for peace and quiet and handle things if they get noisy or unruly - calling police or security and having the power to evict without notice

it may be possible for complexes to have agreements where one cannot short term let -- like one can have complexes that enforce over 50's only and the like -- I don't know - but, what I do know is that markets are dynamic - and, that's what we choose as capitalism

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Thanks for your comments Pintohoo,

I feel sorry for the older folk that have bought into these properties with the expectation that it will provide them with little if any maintenance and a reasonable level of security with a bit of peace and quiet thrown in, but then find out that it's not so.

Looks like I will have to talk with my Corporate Body to see if there are any mechanism's that one can put in place to ensure things stay on an even keel.

Wombat
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