What happened to Airbnb?
What happened to Airbnb?
www.vox.com
What happened to Airbnb?
What happened to Airbnb?::Financially, the Airbnb is thriving, but guests, hosts, and cities have had enough.
64 comments
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They were never going to be big without breaking hotel regulations. It makes no sense why they're big anyway. They don't own any real estate. They should take 5% at most, like a payment processor.
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It's chokepoint capitalism, where you don't supply, produce or consume, you just control the conduit through which people do those things.
Also though just owning property shouldn't entitle you to an income. Fuck landlords in general, it's just airbnb figured out a way to be even more exploitative.
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Running an AirBNB is a lot more work than renting out a house. There's cleaning and a lot more toiletries and furniture to buy. You probably clean the entire place more often than you clean your own house. You also have to communicate with the renters all the time and arrange to give them keys 10 times a month. Sometimes you do all that and the people cancel.
Stop trying to make "chokepoint capitalism" a thing. AirBNB doesn't control prices on anything. Tourists determine what's expensive with their dollars.
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What happened to Airbnb?
Good old corporate greed fueled by an unreasonable shareholders/investors expectations.
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Also every single provider on airbnb is also an investor potentially looking to maximize their money. I say potentially because not all landlords are min/maxing entitled assholes.
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When I'm on vacation, I don't want to make time for chores. Airbnb wants to charge me a fee for cleaning and have me clean up.
And the horror stories of cameras, and stupid rules. No thanks. I'll pay less at a motel and have breakfast included.
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Enshittification.
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Enshitty-vacation if we're talking AirBnB.
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Damn, you nailed it haha. Wish I'd thought of that one :)
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I do still look for Airbnbs every time we travel because we're a family of 5. Not a lot of hotels will accommodate 5 to a room and separate rooms means twice the price. Airbnb offers a lot more options for a family with the added benefits of a full kitchen and having a place that can actually be a short term home rather than a room with a bed.
Here's the last one we rented: https://www.airbnb.com/rooms/794199620391731129
I get that Airbnbs take some homes off the market and in some areas (like mine), that sucks because demand is high and supply is low. But they aren't going to be the reason for a housing crunch. Here in Portland, Maine, we're a small city on the ocean, thrive on tourists, have great restaurants, and are an easy drive to Boston or to ski resorts or Acadia. The housing market has been bonkers for YEARS and it isn't going to change if we ban short term rentals.
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False dichotomy. You can rent a villa, summer home, or any other non hotel accommodation outside of Airbnb. We used Booking.com for our last holiday, and the same place we rented was listed on Airbnb but more expensive by about a quarter of the price.
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Many of these places list on more than one site, the business is the same, the effects are the same
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Of course you can, but those are still short term rentals, so I'm not quite sure what your point is. Mine was that short term rentals are good for some people and probably aren't responsible for housing market problems.
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Do hotels not provide an extra cot anymore?
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Fire regulations for almost every hotel limits the room to 4. They'll give you a crib but not another bed.
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There are places where we can all squeeze into a room, and we do. It all depends on the trip and what we're looking to get out of it. We don't mind sharing beds and putting someone on a sofa, but it's harder as the kids are all getting into teen years.
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“AirBNB is good because I had a bunch of kids but I don’t like paying a bunch of kid prices.”
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Buy a new condo and suddenly a bunch of weirdos turn up on weekends. It's worse, because only managed properties can afford he units these days.
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I'd rather stay at a motel with full cleaning and amenities than some bozo's house anyday. At a motel I can just focus on why I'm staying instead of how.
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A lot of this anti air bnb stuff feels like astroturfing by hotels. Sure there are plenty of annoyances, but everyone I know still likes them even if they like to complain about them.
The society harm is a real thing though. companies buying up homes to rent them is a real problem. But these articles that treat airbnb like it’s so obvious that no one like them feel very artificial.
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We had the chance to stay at an airbnb when our house was being worked on.
We found that most of the places around us were trying to compete with Hotels on price.
Which is fine. Except that the hotels had more/better amenities… for the same cost.
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My circle has all turned on Airbnb. It's a gamble. It used to be the gamble was worth it because it was cheaper than hotels, but now that they're the same price, it's not worth it.
Last time went great, the time before was not properly cleaned to guest standards, and they restained the wood walls in the kitchen so the whole place was permeated with an awful chemical smell that kept me from sleeping. At a hotel, you can just switch rooms if anything is suboptimal. At an air BNB, you're stuck. Everyone in my circle has had half good half bad experiences and it's just not worth risking your trip over.
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Annoyances? The last time I used AirBNB, there was literally no HEAT in the unit we were staying in. Just because it was San Diego in February doesn't make that legal. We left and got a hotel the next day and I had to fight with them to get a refund.
That's the last time I ever used the service, and I used to be a regular.
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64 comments
I can't afford a house in my hometown in part because cunts buy houses to be airbnbs. Fuck them. I will always book a hotel unless there's literally no other option. I don't want to give my money to grifters who are ruining the housing market. I also ratted my mom's neighbor out to the city for running one out of his house. He timed the market and bought after '08 when he was working for a small social network startup. Now he doesn't even live in that house anymore and instead of selling, uses it as an airbnb. He is an exec at what is now a very large social media company. He absolutely does not need the money, but keeps the house as an asset and rents it on airbnb. I didn't win the birth year lottery and get a chance to buy the dip. Instead I came of age with an all time high housing market that has only gone up. Then rates went up because fuck u specifically Raiderkev. Fuck air BNB. Report every last one to the city. They are likely in violation of some ordinance. People need to vote with their wallets and drive these grifters to sell and not let it be profitable for them.
So there's this company that's been buying up about 30% of houses in many cities to turn them into rentals. They outbid everyone. That's a bigger issue than the few air bnb.
I lived in one of 'those homes' once... All 5 bedrooms and the garage which I stayed in was at least 1000 a month. And it was bare minimum amenities. One refrigerator shared with everyone, stove top was broken the entire time, one restroom and shower, and half of the folks had no idea how to clean dishes.
This is a myth. Airbnb has too few properties listed to actually have any impact on property prices. The shortage is real, but it's not of their making.
Want lower prices? Build more houses. Somehow, this simple solution is being rejected in favour of blaming scapegoats.
Edit: The best cherrypicked statistic somebody could show was that Airbnb drives prices up by $1800 / year. Setting aside the accuracy of it, if that's breaking the bank, you probably shouldn't be buying a house anyway.
I guess you heard that from a friend? Maybe try to question things more and do your own research. There's tons of verifiable information out there and it's easy to access.
https://www.marketwatch.com/story/does-airbnb-really-make-housing-more-expensive-these-researchers-say-they-found-an-answer-11612284049
This type of rhetoric seems to always point at "oh but it's something else that's the problem, leave my airbnbs alone there are too few of them"
https://www.toronto.ca/legdocs/mmis/2021/ph/bgrd/backgroundfile-166717.pdf read some actual studies and see how much of the real estate stock is held by short term rentals and tell us about how those few properties have low impact on property prices. I'd love to see what kind of impact Toronto would have if those 9100 dwellings would be available to Torontonians. That's about 56 dense,mid rise apartment buildings of housing.
Sorry, but the financialization of housing is a real issue that needs to get addressed.
My dude. Go take econ 101. Supply and demand. If there are houses being sold to people that intend to use it for air BNB, then it is both reducing available supply, and increasing demand. When that happens , it drives up price. Families now have to bid against these investment chucklefucks. It's not a scapegoat at all. The housing market has gotten to where it is for a variety of reasons including, but not limited to investors buying them for Airbnb. You can add in firms like Blackstone backed invitation homes also buying housing to be corporate landlords, the Fed keeping rates too low for too long allowing the people with the most assets to gain equity, and leverage themselves beyond what they'd normally do because money was essentially free for them. Add foreign buyers into the mix, and baby you've got a housing clusterfuck going. Our solution to everyone losing their houses in '08 was to let big firms buy houses and rent them out. No one can buy a house now, but man is the economy purring. If all these leeches lost their asses, and were forced to sell, we might return to affordability. Until then, you will own nothing and be happy.