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Started By
Message
re: The Airbnbust continues
Posted on 8/6/24 at 7:37 pm to stout
Posted on 8/6/24 at 7:37 pm to stout
I’m largely done with them. I’ve used them extensively and early on I felt like in many cases they were a good value and I liked the idea of supporting an individual entrepreneur as opposed to a corporation.
Nowadays; especially overseas it feels like you may get a good location; but, at the expense of some creature comforts. I travel quite a bit on biz and often with my family. Little things like internet access and a functioning television matter. The cleaning fees have gotten outlandish. We stayed at a place in Budapest this spring that was one small step above a hostel. For an extra $20 a night we could have stayed at the Intercontinental with free breakfast. Lesson learned…
Nowadays; especially overseas it feels like you may get a good location; but, at the expense of some creature comforts. I travel quite a bit on biz and often with my family. Little things like internet access and a functioning television matter. The cleaning fees have gotten outlandish. We stayed at a place in Budapest this spring that was one small step above a hostel. For an extra $20 a night we could have stayed at the Intercontinental with free breakfast. Lesson learned…
0
Posted on 8/6/24 at 7:38 pm to jcaz
quote:
Never understood why someone would wanna pay the same price as a hotel but you have to follow bunch of rules and there’s no conveniences available.
STRs tend to work best in groups of 4 or more.
Posted on 8/6/24 at 7:50 pm to Fat and Happy
quote:
There are neighborhoods in Orlando around Disney that almost 90% of the neighborhood is Airbnb
Yeah, that’s awesome free market stuff but there comes a point of time where that’s a bit much.
Yeah, it has gotten absurd in some touristic cities. It's not just simply a person with a vacation property that rents it out.
i know a guy in Brooklyn that "manages" AirBnBs for a group of investors that operate over 30 near my shop in Brooklyn.
He said they simply rented apartments in different names to AirBnB them and described that operation as "small time" compared to many others.
Not only does that inflate rental prices but it also hurts local businesses in those neighborhoods since many of the AIrBnBs are only occupied 1/2 the time and even then to people who travel immediately to tourist areas instead of filled with people actually living there who shop in the neighborhoods daily.
Posted on 8/6/24 at 7:55 pm to stout
I used to be a big Airbnb'er but the market has balanced out and hotels offer better value in some instances.
Airbnb's still serve a good purpose. Mainly when you're in a big group, going somewhere remote and want a cool setting, or somewhere without a ton of hotels, but it's not like it used to be.
Airbnb's still serve a good purpose. Mainly when you're in a big group, going somewhere remote and want a cool setting, or somewhere without a ton of hotels, but it's not like it used to be.
This post was edited on 8/6/24 at 7:56 pm
Posted on 8/6/24 at 8:04 pm to baldona
quote:
Who is that good for? Is it not a wash?
Overall it's good for the housing market, bringing in supply to a market with hyper demand.
Posted on 8/6/24 at 8:05 pm to Packer
quote:
Trying to use it for just my family of 3 or us and another couple isn't worth it at all. It costs way more than a hotel after you add in the fees.
I use it all the time, if you go for several days to a week it is smart as you can cook etc.
Posted on 8/6/24 at 8:06 pm to stout
Few things have amused me more than Airbnb lords finding out what ARMs are and how they work.
Posted on 8/6/24 at 8:11 pm to wm72
quote:
know a guy in Brooklyn that "manages" AirBnBs for a group of investors that operate over 30 near my shop in Brooklyn.
NYC is not a free market economy when it comes to housing. Rent control is wreaking havoc on the housing market there.
There's literally thousands of apartments sitting vacant simply because of rent control, all claiming to help out the little guy.
Posted on 8/6/24 at 8:16 pm to stout
Why the hate? I Love Airbnb. I’ve stayed in houses and cabins in 7 different states. You can get multiple bedrooms, a kitchen, and a washer and dryer for, in some cases, not much more than a 1 bedroom hotel room. You just have to be smart and research and pick the right one.
Posted on 8/6/24 at 8:19 pm to stout
On the list of things that caused this so called “housing shortage” it’s not even in the top 5.
Your issues are in no particular order:
1.) cheap money to lend for years
2.) Covid shutdowns caused a massive 2nd home market
3.) massive immigration eating up cheaper areas to live
4.) international owners
5.) lack of interest in younger people to live in a starter size home or apt
6.) corporate buying
Your issues are in no particular order:
1.) cheap money to lend for years
2.) Covid shutdowns caused a massive 2nd home market
3.) massive immigration eating up cheaper areas to live
4.) international owners
5.) lack of interest in younger people to live in a starter size home or apt
6.) corporate buying
Posted on 8/6/24 at 8:20 pm to billjamin
quote:
Few things have amused me more than Airbnb lords finding out what ARMs are and how they work.
Why would anyone since about 2009 have an ARM outside of maybe the last 2 years? That’s so 2006
Posted on 8/6/24 at 8:24 pm to Privateer 2007
quote:
To operate Air BNB you should be required same license, tax, zoning etc as a hotel.
Why?
Why on earth would you think more taxes and zoning are going to be anything more than another grift?
What are you even trying to accomplish with licensing? Who is that protecting besides established hotels?
Posted on 8/6/24 at 8:24 pm to deeprig9
quote:
I have airbnb'd in Savannah a few times, and once in NOLA, really nice places, usually a side area attached to a historic old timey property. Never had a bad experience, but we were also specifically looking for nice places, not trying to find a discount. I suppose if you go looking for cheap and shitty, you'll find it.
Airbnb is great...if you read reviews before you book. If you go for lowest price, you are taking a big chance
Posted on 8/6/24 at 8:33 pm to scottydoesntknow
I have multiple kids and I’m not a ridiculous baller. Almost everyone that comments about preferring hotels generally doesn’t travel with kids outside of an all inclusive or Disney. Hotels are great, for certain things. I don’t know why you’d stay in a vacation rental for many lodging situations, but a vacation with kids outside of something that’s extremely expensive (in the US) is almost always better in a vacation rental.
This post was edited on 8/6/24 at 8:34 pm
Posted on 8/6/24 at 8:35 pm to stout
Out of 17 or 18 rentals, VRBO has never let me down.
Posted on 8/6/24 at 8:35 pm to baldona
Great point.
AirBnB's are much more affordable than hotels for us with kids.
AirBnB's are much more affordable than hotels for us with kids.
Posted on 8/6/24 at 8:35 pm to NYNolaguy1
quote:
NYC is not a free market economy when it comes to housing. Rent control is wreaking havoc on the housing market there.
There's literally thousands of apartments sitting vacant simply because of rent control, all claiming to help out the little guy.
It cuts both ways though because the real world is never simple.
But, I'm also not following how it would help the "little guy" if those supposed empty rent controlled apartments were rented to people paying $4000/mo?
There's not really any shortage at all of housing in NYC for people looking to pay that much.
Posted on 8/6/24 at 8:35 pm to baldona
quote:
On the list of things that caused this so called “housing shortage” it’s not even in the top 5.
Your issues are in no particular order:
1.) cheap money to lend for years
2.) Covid shutdowns caused a massive 2nd home market
3.) massive immigration eating up cheaper areas to live
4.) international owners
5.) lack of interest in younger people to live in a starter size home or apt
6.) corporate buying
/Thread.
Posted on 8/6/24 at 8:41 pm to wm72
quote:
But, I'm also not following how it would help the "little guy" if those supposed empty rent controlled apartments were rented to people paying $4000/mo? There's not really any shortage at all of housing in NYC for people looking to pay that much.
I don’t know the NYC market but generally speaking rental markets in bigger cities are completely different animals. But, to counter your ‘little guy’ argument there’s never been a little guy market in big cities really. It disgusts people now a days to have to live with more than 1 roommate but cheap urban housing has always been slamming people into small places.
Big cities also pay more in general. $4000-5000/ month is not that much for 2 people that make good money and want to be in a big city in a good location.
Posted on 8/6/24 at 8:48 pm to jcaz
We travel often with our 4 year old and 2 year old. It’s significantly better to have multiple rooms, a kitchen to cook, and not have to worry about other people being loud. It’s really a no brainer for us. We’ve had excellent experience over the years. Austria, Germany, London, and all over Colorado
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