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They did kill a whole bunch of things... like the ability to rent at a reasonable rate and the ability to get a mortgage that doesn't lean heavily on the 'mort'
by talideon 3y ago
They did kill a whole bunch of things... like the ability to rent at a reasonable rate and the ability to get a mortgage that doesn't lean heavily on the 'mort' part.
- 111111IIIIIII 3y agoIf you really believe Airbnb is to blame for this, I have a bridge to sell you.
- _just7_ 3y agoYeah I don't really think a meaningfully larger amount people are traveling because Airbnb is an app that exist, so demand from tourism should stay flat, no?
- anamexis 3y agoThat doesn't follow. Even if tourism stays flat, demand can shift from hotels to Airbnbs.
- ajsnigrutin 3y agoApartments in residential buildings are well.. apartments, not hotels. If you're a tourist, go to a hotel, I don't want a new set of loud obnoxius neighbors partying every few days next door to my apartment (and a shared wall in between). The apartment that should be rented out at cheaper monthly rate is now getitng rented out to lud tourists per daily rates, and that is a bad thing for locals living in that city. Some areas are already destroyed by airbnbs, so banning airbnbs (and all the other short-term rentals of residential apartments) should be banned.
- cycrutchfield 3y agoWhy should you get a say about what your neighbor does with their property or what guests they have stay over?
- subpixel 3y agoFor the same reason I have a say about zoning and ordinances and just about every other thing that affects my property and my enjoyment of it.
- cycrutchfield 3y agoMy question is why should you have much of a say about those things as well. Smells like a NIMBY
- ajsnigrutin 3y agoIf it's a residential property, it's a residential property, not (what is effectively a) hotel.
- cycrutchfield 3y agoAgain: it’s not your property, so why do you care about their guests staying for 1 night or 1 month? Seems like a rather artificial distinction.
- subpixel 3y agoI live within walking distance dozens of short-term rentals in a very small town. The difference between having dozens of neighbors with families, children, and strong ties to the community and not having those neighbors and community connections is in no way artificial. Some reasons I care: schools that decline with population loss, the lack of available/affordable rental homes for local residents, the effects on local retail and service businesses, the tendency for hurried visitors to drive at unsafe speeds while staring at their phone for directions. Problems that you do not experience remain real problems.
- cycrutchfield 3y agoSo basically instead of thinking about how you can better accommodate visitor demand and respect property owners’ rights, you would prefer to regulate your “small town feel” back into existence.
- brigadier132 3y agoEveryone loves a boogieman. The reason rents are high are not because of short term rentals. They are high because of inflation and globalization.
- mathattack 3y agoAnd a lack of supply that is pushed by owners. (Not just AirBnb owners, all owners)
- cycrutchfield 3y agoIronically, you cite some other boogeymen. They are high mostly because not enough housing is being built to meet demand.
- ajsnigrutin 3y agoAnd the one that is being built is then rented out daily on sites like AirBnB instead of monthly/yearly to locals.
- brigadier132 3y ago> Ironically, you cite some other boogeymen Inflation is a fact. Globalization is a fact. Money is flowing from the entire planet into the US to find stable places to store it.
- cycrutchfield 3y agoIf money is flowing to the US to buy real estate, I say good. That’s more money being pumped into our economy, more money going to local communities via property taxes. Let’s build more real estate meet this demand.
- seanmcdirmid 3y agoSome places are more affected by AirBnB than others. Seattle? Nope. Paris Bastille district? A few years ago definitely.
- 3y ago
- revenga99 3y agonot looking at actual hard cold data but it's easy for someone to come to this annedonatal conclusion. In Asheville NC my entire neighborhood is being bought up by a corporation that is doing airbnb/VRBO. Also very hard to get ahold of anyone in case of a noise complaint.
- kbos87 3y agoAre you sure that the corporation is doing the buying? There are only a few of these and they are relatively small. There are some large property management firms (Vacasa, Evolve) who only work on behalf of individual property owners but appear as the owner of a property on Airbnb & Vrbo.
- loganfrederick 3y ago1. When the grandparent post said "corporations", they probably mean something like the Blackstones & Blackstones of the world, who are not small and both mentioned in this article about their residential housing activity: https://slate.com/business/2021/06/blackrock-invitation-houses-investment-firms-real-estate.html https://slate.com/business/2021/06/blackrock-invitation-hous... 2. Having lived near Ashville, NC for two years, it's a particularly beautiful region and attractive vacation spot, so I especially believe it would attract corporate buyers looking to build an Airbnb vacation portfolio. Also not far from Atlanta, where Invitation Homes (a corporate buyer of residential housing) is active.
- brador 3y agoFor anyone else wondering: “Mortgage: late Middle English: from Old French, literally ‘dead pledge’, from mort (from Latin mortuus ‘dead’) + gage ‘pledge’”