4 ms·
You're right, it does pose a new kind of threat. And it shouldn't be able to operate with impunity. Renters can't sublet their place on AirBnB, only owners can
by ordinaryperson 9y ago
You're right, it does pose a new kind of threat. And it shouldn't be able to operate with impunity.
Renters can't sublet their place on AirBnB, only owners can. And you'd select long-term tenants over short-term AirBnB'ers b/c it's less work (or should be). But your point is still valid: the presence of AirBnB can disincentivize a slice of owners to rent to locals.
I'm just saying any study on the negative effects of AirBnB on housing is myopic if it doesn't include arcane rent stabilization/control laws and the obscene price of new construction.
- RestlessMind 9y agoOperating AirBnB in a place like NYC is far more profitable than renting out long term for multiple reasons. For one, AirBnB charges have to only beat hotel prices to be an attractive alternative and that is easy because hotels are subjected to various extra fees, taxes and regulations. Also, one has higher budget while traveling for per-night accommodation compared to monthly rents (compare 150$ hotel room vs 4500$ monthly rental apartment). Third, you have to "tolerate" even the worst of AirBnB guests only for a few days and AirBnB covers insurance for truly worst cases, whereas once you are locked into a tenant in a tenant-friendly city like NYC (or SF), you are screwed for longer term.