5 ms·

No, removing rental properties from the market to do short term rentals lowers the supply of rental properties, so AirBnB actually has the effect of raising ren

No, removing rental properties from the market to do short term rentals lowers the supply of rental properties, so AirBnB actually has the effect of raising rental prices. Nevertheless, my understanding is AirBnB and the short term rental market are not exactly doing well during the Pandemic, have you been AirBnBing during Covid?

tartoran 6y ago
I think that’s the OP’s point, Airbnb pushed the rents up and now during the pandemic and sometime afterwards Airbnb is dead in the water so landlords are all seeking to rent longterm instead. Of course, that is one of the factors, other factors being remote work and unemployment.
kube-system 6y ago
I think you interpreted that comment backwards. AirBnB properties have been performing terribly during the pandemic and many of those properties are no longer viable as short-term rentals and are now flooding the traditional rental market at discounted prices or the owners are scrambling to sell them before they default on their loans.
- amiga_500 6y ago
  Exactly.
- DonHopkins 6y ago
  The AirBnB meltdown is how I just got 90% more space for 20% less rent in Amsterdam. The house I just rented didn't actually used to be an AirBnB itself, but it went on the market at the same time there was a huge amount of competition from properties that used to rent out on AirBnB.
- throwaway_USD 6y ago
  I see, AirBnB properties are being converted into traditional rental units increasing supply. If true, then this may suggest there is very good reason to have regulations on short terms rentals, like AirBnB, which have increased rent around the country to the detriment of affordable housing.
officemonkey 6y ago
I got a sublet for a fantastic price from a AirBnber who wanted to get out of a zero-income property. 40% off the market rent. Oh, and because he didn't actually live there, he left everything. Dishes, pots, a bed.
- amiga_500 6y ago
  I think a lot of airbnb is now technically sub-zero-income property. Glad to hear there is one less airbnb property out there, and congrats on the cheaper rent. I'll put my other comment here as despite putting anything contentious, the mod here immediately locks my comments on housing related issues: Correct. So rents fall yet we were told on hacker news over and over that zoning was the problem. That doesn't help, but airbnb was a huge, huge problem.
pengaru 6y ago
My neighbor's home has been a full-time airbnb for four years, since the lockdowns started they moved back into it and have been living there since they couldn't rent it out. I had never even met them before covid. I'm certain covid has decimated airbnb income for many, and it must be part of what's driving down rent prices as these units come back on the long-term rental market.

tartoran 6y ago

I think that’s the OP’s point, Airbnb pushed the rents up and now during the pandemic and sometime afterwards Airbnb is dead in the water so landlords are all seeking to rent longterm instead. Of course, that is one of the factors, other factors being remote work and unemployment.

kube-system 6y ago

I think you interpreted that comment backwards. AirBnB properties have been performing terribly during the pandemic and many of those properties are no longer viable as short-term rentals and are now flooding the traditional rental market at discounted prices or the owners are scrambling to sell them before they default on their loans.

amiga_500 6y ago
Exactly.
DonHopkins 6y ago
The AirBnB meltdown is how I just got 90% more space for 20% less rent in Amsterdam. The house I just rented didn't actually used to be an AirBnB itself, but it went on the market at the same time there was a huge amount of competition from properties that used to rent out on AirBnB.
throwaway_USD 6y ago
I see, AirBnB properties are being converted into traditional rental units increasing supply. If true, then this may suggest there is very good reason to have regulations on short terms rentals, like AirBnB, which have increased rent around the country to the detriment of affordable housing.

officemonkey 6y ago

I got a sublet for a fantastic price from a AirBnber who wanted to get out of a zero-income property. 40% off the market rent. Oh, and because he didn't actually live there, he left everything. Dishes, pots, a bed.

amiga_500 6y ago
I think a lot of airbnb is now technically sub-zero-income property. Glad to hear there is one less airbnb property out there, and congrats on the cheaper rent. I'll put my other comment here as despite putting anything contentious, the mod here immediately locks my comments on housing related issues: Correct. So rents fall yet we were told on hacker news over and over that zoning was the problem. That doesn't help, but airbnb was a huge, huge problem.

pengaru 6y ago

My neighbor's home has been a full-time airbnb for four years, since the lockdowns started they moved back into it and have been living there since they couldn't rent it out. I had never even met them before covid. I'm certain covid has decimated airbnb income for many, and it must be part of what's driving down rent prices as these units come back on the long-term rental market.