4 ms·

In a healthy housing market like the one I own a rental property in, long-term rental is a margin business while you have mortgage and taking to account wear an

by weego 6y ago

In a healthy housing market like the one I own a rental property in, long-term rental is a margin business while you have mortgage and taking to account wear and tear etc and encourages properties being kept in family friendly sizes and year round accommodation for people who need to live and work locally. The airbnb model allows you to have much larger margins while the property empty for periods of time, promotes splitting properties into multiple smaller units to extract higher margin per sq ft and removes property from the market for locals. Airbnb is a cancer frankly

lapetitejort 6y ago
I would support Airbnb if it encouraged the couch-surfing model more. As in, the owners live on the property full time and have an extra room or couch they'll willing to lend out, with extra amenities to make it worth some amount of money. Deviating from this quickly devolves into the current situation.
- kube-system 6y ago
  I am actually surprised how many properties there are like that on Airbnb, given that everyone I know immediately filters them out.
- noirbot 6y ago
  Yea, I've been mostly trying to stay in this sort of situation more now. There's times where I want the experience and spacial efficiency of Airbnb (A way to stay in a part of town close to friends/an event that don't live in a normal touristy area with hotels.) but I get that even if I'm responsible/quiet, it's not great to support the owners that aren't in the community. I often find that the hosts who are renting out rooms/beds in their house are often far more interesting and fun people, and it's usually cheaper anyway. Obviously there's plenty of reasons that's suboptimal for a lot of people, but if it works for you, I'd recommend it.
legitster 6y ago
I would push back a bit on a few points here: - Airbnbs are generally concentrated in touristy urban areas - places that are pricey to begin with. Or spaces that did not make for good apartments (small mother-in-laws, basement conversions). Airbnbs are not displacing inventory on the low end of the market, and potentially bring new inventory to the market. - Airbnbs rarely sit empty. The market is pretty efficient, and you can have the same occupancy year round, just at reduced rates (in winter months, it may even be cheaper than renting an equivalent unit). - Splitting properties into multiple smaller units is a good thing. The fact that there are square footage requirements for apartments but not short term rentals is a zoning failure. I think the takeaway should be that rental markets are very inefficient, and Airbnb reveals a lot of pent up demand.
- dannyw 6y ago
  Not GP. I agree with all of your points but I think it’s realistic for property owners to want to not live near Airbnbs. Especially on the lower end of the Airbnb market. This is a nuanced issue, but as someone who used to famously defend Airbnb, etc, i feel the consequences are very real.

by weego 6y ago

lapetitejort 6y ago

I would support Airbnb if it encouraged the couch-surfing model more. As in, the owners live on the property full time and have an extra room or couch they'll willing to lend out, with extra amenities to make it worth some amount of money. Deviating from this quickly devolves into the current situation.

kube-system 6y ago
I am actually surprised how many properties there are like that on Airbnb, given that everyone I know immediately filters them out.
noirbot 6y ago
Yea, I've been mostly trying to stay in this sort of situation more now. There's times where I want the experience and spacial efficiency of Airbnb (A way to stay in a part of town close to friends/an event that don't live in a normal touristy area with hotels.) but I get that even if I'm responsible/quiet, it's not great to support the owners that aren't in the community. I often find that the hosts who are renting out rooms/beds in their house are often far more interesting and fun people, and it's usually cheaper anyway. Obviously there's plenty of reasons that's suboptimal for a lot of people, but if it works for you, I'd recommend it.

legitster 6y ago

I would push back a bit on a few points here: - Airbnbs are generally concentrated in touristy urban areas - places that are pricey to begin with. Or spaces that did not make for good apartments (small mother-in-laws, basement conversions). Airbnbs are not displacing inventory on the low end of the market, and potentially bring new inventory to the market. - Airbnbs rarely sit empty. The market is pretty efficient, and you can have the same occupancy year round, just at reduced rates (in winter months, it may even be cheaper than renting an equivalent unit). - Splitting properties into multiple smaller units is a good thing. The fact that there are square footage requirements for apartments but not short term rentals is a zoning failure. I think the takeaway should be that rental markets are very inefficient, and Airbnb reveals a lot of pent up demand.

dannyw 6y ago
Not GP. I agree with all of your points but I think it’s realistic for property owners to want to not live near Airbnbs. Especially on the lower end of the Airbnb market. This is a nuanced issue, but as someone who used to famously defend Airbnb, etc, i feel the consequences are very real.