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What price are you willing to pay for nicer neighborhoods/gentrification?

Posted on 9/7/23 at 1:21 pm
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
4615 posts
Posted on 9/7/23 at 1:21 pm
Do STR/AirBnb/VRBO speed up gentrification? I am against wild wild west no rules for STR's in general but I also enjoy gentrification turning once blighted areas into much nicer areas.
Posted by poochie
Houma, la
Member since Apr 2007
6765 posts
Posted on 9/7/23 at 1:30 pm to
The OT: WE HATE HOA's
Also the OT: GIVE US HOA's
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
78462 posts
Posted on 9/7/23 at 1:32 pm to
quote:

speed up gentrification? I


STRs aren't gentrification
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
4615 posts
Posted on 9/7/23 at 1:34 pm to
quote:

The OT: WE HATE HOA's
Also the OT: GIVE US HOA'


The OT: I love making money
Also the OT: I hate when someone else makes money
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
4615 posts
Posted on 9/7/23 at 1:35 pm to
quote:

STRs aren't gentrification


I didn't say STR are gentrification. I said STR can speed up gentrification.
Posted by bad93ex
Walnut Cove
Member since Sep 2018
36176 posts
Posted on 9/7/23 at 1:36 pm to
quote:

nicer neighborhoods/gentrification


DGAF about having any of that, once my kids are old enough I am moving into a double-wide out in the country with a pole barn large enough to house all of my boats, cars and trucks.
This post was edited on 9/7/23 at 1:37 pm
Posted by MyRockstarComplex
The airport
Member since Nov 2009
5056 posts
Posted on 9/7/23 at 1:36 pm to
quote:

Do STR/AirBnb/VRBO speed up gentrification?


No, but gay couples sure do.
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
4615 posts
Posted on 9/7/23 at 1:37 pm to
quote:

I am moving into a double-wide out in the country with a pole barn large enough to house all of my boats, cars and trucks.


That's also gentrification
Posted by namvet6566
Member since Oct 2012
7847 posts
Posted on 9/7/23 at 1:38 pm to

Do NOT come to Covington
Posted by YOURADHERE
Member since Dec 2006
8511 posts
Posted on 9/7/23 at 1:39 pm to
quote:

The OT: WE HATE HOA's
Also the OT: GIVE US HOA's




We sort of unknowingly bought into a subdivision with no HOA. I can tell everyone from experience that no HOA sucks way more arse than having a HOA. I hate the neighborhood we're in.
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
4615 posts
Posted on 9/7/23 at 1:43 pm to
quote:

No, but gay couples sure do.


The OG's of gentrification. Before all the tiktok finance bros started with STR's
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
37083 posts
Posted on 9/7/23 at 1:45 pm to
quote:

Do STR/AirBnb/VRBO speed up gentrification? I am against wild wild west no rules for STR's in general but I also enjoy gentrification turning once blighted areas into much nicer areas.

I am okay with STRs in shitty neighborhoods, I just don’t want it in my neighborhood
Posted by Pettifogger
I don't really care, Margaret
Member since Feb 2012
87385 posts
Posted on 9/7/23 at 1:50 pm to
Buying into an older/historic, established neighborhood in an area that is also generally established and landlocked is my ideal. Usually in a city or a very close in suburb, but not always.

It prices out people you don't want there, and those who have the money but you wouldn't want there won't be attracted to boring, older homes that are too expensive to scrape and rebuild. The people willing to drop coin on that situation are there for one reason - to be around other families who value that setting.
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
4615 posts
Posted on 9/7/23 at 1:50 pm to
quote:

I am okay with STRs in shitty neighborhoods, I just don’t want it in my neighborhood


BINGO the perfect example of NIMBY
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
4615 posts
Posted on 9/7/23 at 1:55 pm to
Nobody wants to vacation in Covington.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
59315 posts
Posted on 9/7/23 at 2:59 pm to
quote:

I said STR can speed up gentrification.


Ask yourself this: do hotels gentrify neighborhoods or do they come in after a neighborhood has already begun gentrifying?

Theoretically they could, but they likely have a neutral or opposite effect in many cases.
Posted by tigerfoot
Alexandria
Member since Sep 2006
61452 posts
Posted on 9/7/23 at 3:07 pm to
I don’t view them as synonymous
Posted by theliontamer
Baton Rouge
Member since Nov 2015
2023 posts
Posted on 9/7/23 at 4:07 pm to
HOAs are fine. It's people that don't properly maintain their home and follow simple rules that don't like HOAs.
Posted by wm72
Brooklyn
Member since Mar 2010
9426 posts
Posted on 9/7/23 at 4:23 pm to

It's a good question but I think it only speeds up gentrification IF it's an area where the STR/AirBnb/VRBO are not in direct competition with 20-30 year olds who would otherwise rent the apartments.

I'm not sure that's the case very often.


I've had a shop in East Williamsburg in Brooklyn for the past 10 years.

It's in an area that's walking distance from very popular tourist/living locations in Williamsburg etc and a quick, easy train ride to Manhattan. It's in a pocket of 20 or so square blocks that's still been pretty "rough around the edges" even though gentrification has happened all around. (Which is why it's great for a record shop)


It's been a real hotbed for STR/AirBnb/VRBO for years.

From what I've witnessed though, the problem is that gentritfication in the neighborhood would have probably moved a lot faster if those apartments would not have been STR/AirBnb/VRBO.

The people renting short term just don't spend money in the immediate surrounding neighborhood--they're just off to Williamsburg, Manhattan etc all day and night-- whereas the 20-30 year olds that would otherwise be moving into those places would support more new restaurants, shops etc that would really speed the same gentrification that's happened all around.




Posted by Boudreauboudreaugoly
Land of the Rice n Son
Member since Oct 2017
2983 posts
Posted on 9/7/23 at 5:14 pm to
quote:

What price are you willing to pay for nicer neighborhoods/gentrification?


‘bout tree fiddy?
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