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This sounds like those cities do not have an educated/skilled workforce. Sure there are spots near the Roman forum you would expect to have lots of tourists(ba

This sounds like those cities do not have an educated/skilled workforce. Sure there are spots near the Roman forum you would expect to have lots of tourists(basically inside the Aurellian walls). But outside of that its a 20+ minute drive for a tourist to popular areas. If a 50$ airbnb is beating out a $1,000/mo rent its because people cannot afford $1000 in rent. We host an airbnb ourselves, lots of business travelers in our area. If people are coming to visit what humans did 2000 years ago and not visiting the humans there today, I dont think the problem is Airbnb.

StavrosK 8y ago
I'm not sure I understand what you mean, but nobody is going to be able to afford to pay hotel rates for their permanent residence.
- xapata 8y ago
  Depends on the kind of hotel. And after the market settles, hotel rates may not be as high. A key aspect of hotel rates is that they fluctuate with demand. When you come into town for the big event, the rates may be 4 times higher than staying on a cold, boring night. A long-term stay will be much cheaper per-night than a nightly rate.
  - jessaustin 8y ago
    In my part of midwest USA, multiple giant hotels seem to be nearing completion: EIFS is nearly complete, windows have been in a couple of months, concrete parking lot is poured, etc. Apparently investors are expecting a lot more travelers to this thoroughly ordinary area.
- robertAngst 8y ago
  Airbnbs are not passive income. You need to take down sheets, wash them, remake the bed, clean the bathroom, buy fruit/food every ~3 days, vacuum, be available for your guests. When you have tenets, its passive income. You clean up every 6 months to 3+ years. Airbnb pays better, but its labor. The ~300$/mo difference can easily be accounted for with that. Not to mention the cost of food(always HQ), electricity, water, heat/AC. The items I listed are not optional, people can give you a bad review regardless what expectations you set with prices + description.
prolepunk 8y ago
Blame the poor for existing and inconveniencing the tourists, not the new economic factors introduced by AirBnB.
alexgmcm 8y ago
I live in Barcelona where there is a big issue due to Airbnb. I moved here from the UK and I work in Data Science so I'm not like a janitor or something. The problem is that Airbnb will charge maybe 80-120 euros a night for an apartment depending on size, location etc. And I am paying 750 euros a month. So a landlord can make more money from a week of Airbnb than a month of normal rental. In the three years I have been here the rents have risen probably 15% or so - it means even with promotions and pay rises you just keep up. Ironically London also has an insane rental market so moving back wouldn't help much...
- mason55 8y ago
  > In the three years I have been here the rents have risen probably 15% or so - it means even with promotions and pay rises you just keep up. Well, except you also have 15% more money after paying rent as well. If you save the same percentage of your overall income then your absolute savings went up 15%. And if you assume that all your other costs are not rising as quickly (maybe fair, maybe not) then you could save a higher percentage of your income because your salary grew faster than your costs as a whole. It's the same argument why living in SF or NYC is worth it even with the high cost of housing.
  - alexgmcm 8y ago
    No, I mean my salary went up at most 15-20% in that time. So it means even with promotions etc. you just break even - it feels like you are just working for your landlord. That said, it is still better than London where the situation is just untenable and I prefer the quality of life here as well. (sadly so do all the tourists!)

StavrosK 8y ago

I'm not sure I understand what you mean, but nobody is going to be able to afford to pay hotel rates for their permanent residence.

xapata 8y ago
Depends on the kind of hotel. And after the market settles, hotel rates may not be as high. A key aspect of hotel rates is that they fluctuate with demand. When you come into town for the big event, the rates may be 4 times higher than staying on a cold, boring night. A long-term stay will be much cheaper per-night than a nightly rate.
- jessaustin 8y ago
  In my part of midwest USA, multiple giant hotels seem to be nearing completion: EIFS is nearly complete, windows have been in a couple of months, concrete parking lot is poured, etc. Apparently investors are expecting a lot more travelers to this thoroughly ordinary area.
robertAngst 8y ago
Airbnbs are not passive income. You need to take down sheets, wash them, remake the bed, clean the bathroom, buy fruit/food every ~3 days, vacuum, be available for your guests. When you have tenets, its passive income. You clean up every 6 months to 3+ years. Airbnb pays better, but its labor. The ~300$/mo difference can easily be accounted for with that. Not to mention the cost of food(always HQ), electricity, water, heat/AC. The items I listed are not optional, people can give you a bad review regardless what expectations you set with prices + description.

prolepunk 8y ago

Blame the poor for existing and inconveniencing the tourists, not the new economic factors introduced by AirBnB.

alexgmcm 8y ago

I live in Barcelona where there is a big issue due to Airbnb. I moved here from the UK and I work in Data Science so I'm not like a janitor or something. The problem is that Airbnb will charge maybe 80-120 euros a night for an apartment depending on size, location etc. And I am paying 750 euros a month. So a landlord can make more money from a week of Airbnb than a month of normal rental. In the three years I have been here the rents have risen probably 15% or so - it means even with promotions and pay rises you just keep up. Ironically London also has an insane rental market so moving back wouldn't help much...

mason55 8y ago
> In the three years I have been here the rents have risen probably 15% or so - it means even with promotions and pay rises you just keep up. Well, except you also have 15% more money after paying rent as well. If you save the same percentage of your overall income then your absolute savings went up 15%. And if you assume that all your other costs are not rising as quickly (maybe fair, maybe not) then you could save a higher percentage of your income because your salary grew faster than your costs as a whole. It's the same argument why living in SF or NYC is worth it even with the high cost of housing.
- alexgmcm 8y ago
  No, I mean my salary went up at most 15-20% in that time. So it means even with promotions etc. you just break even - it feels like you are just working for your landlord. That said, it is still better than London where the situation is just untenable and I prefer the quality of life here as well. (sadly so do all the tourists!)