Actually foreigners dont pay taxes in hotels in colombia, it has more to do that the rent prices have gone up substantially that locales cant afford the rents
So much misinformation around this subject. He's "regulating" Airbnbs that aren't in compliance with the current regulations which are currently 1700 Airbnbs.
What’s happened is that the Airbnb market got flooded because there aren’t obstacles or restrictions therefore the market is over saturated, hotels are hurting, and MOST IMPORTANTLY, the investment money has come in so strong that the cost of living, rent and property has risen dramatically for native Paisas. This is a typical socialist overreach of rights, but also necessary to a degree. I live in Las Vegas and in order to protect the housing market and the casino/tourism industry there are several restrictions that prevent this from happening, such as a 660ft radius limit to separate short term rental licenses. That’s the middle ground that Medellin needs to implement, but likely they waited too long to do anything, the market is over saturated and there’s no way to effectively go backwards.
There are better places to go than Medellin anyway. It will be short-lived, even if it does happen. People will start going to other places. Businesses will lose out on money. And like Colombians do the villagers will go with torches. But even so, there are much better places to go in the country than Medellin.
@@officialkoby Sure! Fusa right outside of Bogota. Chia outside of Bogota. Barranquilla. Hell… Bogota. Medellin is played out. Has been for a long time. Desperate men and desperate women. Medellin is a cesspool.
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I am so glad I got my Colombia visits in when I did. It was perfect timing. All hell breaking loose.
Actually foreigners dont pay taxes in hotels in colombia, it has more to do that the rent prices have gone up substantially that locales cant afford the rents
That’s true
AirBnB doesn’t generate the same possible tax revenue.
True
So much misinformation around this subject. He's "regulating" Airbnbs that aren't in compliance with the current regulations which are currently 1700 Airbnbs.
Yea, too much misinformation. You’re absolutely right though.
Thanks for the info
What’s happened is that the Airbnb market got flooded because there aren’t obstacles or restrictions therefore the market is over saturated, hotels are hurting, and MOST IMPORTANTLY, the investment money has come in so strong that the cost of living, rent and property has risen dramatically for native Paisas. This is a typical socialist overreach of rights, but also necessary to a degree. I live in Las Vegas and in order to protect the housing market and the casino/tourism industry there are several restrictions that prevent this from happening, such as a 660ft radius limit to separate short term rental licenses. That’s the middle ground that Medellin needs to implement, but likely they waited too long to do anything, the market is over saturated and there’s no way to effectively go backwards.
Interesting, thanks for the info.
There are better places to go than Medellin anyway. It will be short-lived, even if it does happen. People will start going to other places. Businesses will lose out on money. And like Colombians do the villagers will go with torches. But even so, there are much better places to go in the country than Medellin.
Any suggestions of places to go?
@@officialkoby Sure! Fusa right outside of Bogota. Chia outside of Bogota. Barranquilla. Hell… Bogota. Medellin is played out. Has been for a long time. Desperate men and desperate women. Medellin is a cesspool.
Its not your country. Go to other countries.
Yup most definitely will be.