re: Maybe we can solve that housing inventory issue by killing AirBNB

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Perhaps you are jumping to conclusions and failed to realize that the free market can also kill AirBNB.

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The market has spoken. It hasn't killed AirBNB. Governmental entities across the country are in communist attack mode against AirBNB.

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am shocked by how many communists are on this board. We need to keep the government out of our lives and out of our business. Let people do what they want with their own private property. If you disagree, please move to North Korea.

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Would you be okay with your neighbor tearing down their house and starting a landfill on it?

AirBnB is such an interesting delimma.

It’s great for consumers, giving them a ton of options they never had before to find convenient, affordable, and often luxurious lodging, especially in places with limited options. It’s especially great for families or large groups who can rent a whole private house rather than a bunch of separate hotel rooms.

It’s great for homeowners who buy vacation properties which they only use for part of the year. It allows them to monetize an asset that is otherwise sitting idle.

However, the big issue with AirBnB’s tends to be the impact that they can have on neighborhoods as an aggregate. In many tourist cities, people flock to trendy historic neighborhoods to eat like a local. They want to stay in an apartment there and get the full experience. But; what happens when most of the apartments in that neighborhood have been converted into short-term rentals? You basically took a residential neighborhood and turned it into a resort. This has big consequences for sales tax, infrastructure, and local businesses. This prices out the residents, who now must live farther away. In addition, the overwhelming majority of airbnbs are no longer simply vacation homes owned by wealthy part time residents. They are owned and operated by large international real estate corporations with zero ties to the community the rental is located in.

When airbnb’s take over a neighborhood, you lose something in the process…people. Tourists are great, but they aren’t a neighborhood, especially when tourism is often seasonal.

AirBnb’s are often a great thing for a city/neighborhood in small doses, but bad in large doses. One of the reasons airbnb’s were competitive on price was because they were not subject to the same tax and regulatory burdens as hotels. Changes in law have slowly made them less competitive economically. I would argue that increasing competition and our impending real-estate crash will take care of the problem for us, but the questions of what we do with these depopulated neighborhoods is an interesting one. The libertarian would say do nothing and let the market sort it out. I’m not sure if that’s the best approach for everywhere. New Orleans’s approach is interesting, but see the potential for serious corruption and a high likelihood of zero to no effective enforcement.

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Governmental entities across the country are in communist attack mode against AirBNB.

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It's called zoning. The same thing that keeps a sewage pond from being built next to you.

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Orlando/Disney is probably one of the few exceptions to the rule, I agree.

There are some other places I have been with scant hotel options but great VRBO options.

Sedona is a place like that as well.

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Yeah, I just check everything really.

But the less I spend on one vacation the more vacations I can take.

I got a good deal on a house on the beach in two weeks. Vrbo again. Not going to go stay in a hotel when im at the beach. And obviously, there are other rental companies all over the beaches you can short term rent from.

Let free market free market

Also, because of Airbnb how many of those houses were updated to rent out?

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so you would have no issue with your neighbor making his house a public bar, funeral home, auto repair shop, strip club, dog pound, all night convenient store, etc?

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You must’ve missed his post where that would’ve affect him because he decided to buy a swath of land and cannot view his neighbors. Everyone that doesn’t want a landfill next door to them should do the same

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SneezyBeltranIsHere

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How many junked cars you have parked out front?
Any appliances on the front porch?

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But is that issue unique to tourism destinations? Houses are still flying off the shelf north of Atlanta and the AirBNB inventory is sparse. Granted, this bubble goes bust when recession hits and middle managers are cut.

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The major markets will be hit harder because they have the most Airbnb inventory and the most price appreciation, but no market will be immune to it.

Many investors bought homes to rent at thin margins with little equity down, assuming debt pay down and appreciation. Costs to own have increased, bookings are way down. This will continue to increase with more govt regulation, and less travel as consumers are tapped out (see rising credit card and defaults). The recent surge in google searches for “sell my Airbnb” is crazy.

Based on Airbnb to for sale ratio, if just a fraction of the Airbnb assets are listed, it will cause a massive disequilibrium in supply/demand and massive drop in values. Buckle up.