Anyone that bitches that the rent is too high, here's your starting point, all those Air BnB rentals are driving the long term rental market up significantly. Adding 20% more units to the market would save you a ton of money.
Anyone that bitches that the rent is too high, here's your starting point, all those Air BnB rentals are driving the long term rental market up significantly. Adding 20% more units to the market would save you a ton of money.
NYC is somewhat notorious for recently disallowing all new hotels. You could not enter the hotel business in NYC if you wanted to.
https://www.nytimes.com/2021/04/27/nyregion/hotels-tourism-n...
https://therealdeal.com/new-york/2022/12/09/how-special-are-...
Huh? As a frequent vacationer and user of Airbnb (I'm staying in one right now, as it turns out), Airbnb has made vacationing so much better.
I get to stay in a larger variety of neighborhoods and locations. Kitchens are usually standard (good luck finding one in most hotels). There's more space if I want to stay with family or friends. Prices -- even in places where Airbnb hosts are required to pay local hotel taxes -- are much more varied and, in general, better (and when I do decide to choose a hotel for whatever reason prices are often lower due to competition from Airbnb). I could go on...
> Anyone that bitches that the rent is too high, here's your starting point, all those Air BnB rentals are driving the long term rental market up significantly.
I hear this a lot, but fail to see any hard evidence that killing short-term rentals would fix this problem. I don't doubt that short-term rentals are contributing to housing unaffordability, but there are much better solutions than banning them. Which brings me to:
> Adding 20% more units to the market would save you a ton of money.
Agreed! I've been saying that for years. Please, build 20% more units, and I think prices will indeed go down. Hell, don't stop at 20%, even. If there's demand, build!
The market for long term rentals doubled in Dublin during the pandemic due to lack of tourism. If you can't see how bringing all that supply (over 1000 units) back to the market won't help long-term rentals, that's on you.
AirBnB is a cancer to cities and locals, and needs to be banned for good. Tourists aren't locals, they're not entitled to live like them, especially at the locals' expense.
Well the city of Halifax just banned airbnb in some areas and there was a flood of houses both on the market to sell and for long term renting. Clearly AirBnb is taking some long term rental stock away from the market, that can't be up for debate.
if your point is that banning airbnb won't fully fix housing and therfor we shouldn't ban it, well that's an awfully high bar. What is clear is that banning airbnb will help improve the long term rental market.
It's not purely a bunch of tourists or whatever taking up this housing and driving out the locals.
This seems to have become a standard practice in VC-backed firms, a process clearly documented here [0] by Cory Doctorow (article covers much more than just the title-mentioned Tiktok).
[0] https://doctorow.medium.com/tiktoks-enshittification-bb3f5df...
Many houses sit empty when their owners are away. Why not use that space to house travelers without having to build more hotels?
I think most cities have it backwards trying to regulate the hosts. Hosts aren’t at the property and aren’t usually awake at 1am when issues might occur.
The renters cause the issues, so regulate the renters. Cities could mandate a 25-50% deposit that’s refunded if no noise/parking issues occur. Whoever put the deposit down will likely be at the house and self-policing their group that they invited.
Makes more sense than blaming hosts when most bookings are “instant book”, or even if they do vet, it’s likely just a quick text chat or going off of previous AirBnB ratings (which many hosts rate 5/5 so the guest will return).
Sedona does it well. Every HOA gets to decide if they are a tourist neighborhood or not. Short term rentals are either allowed or banned and you know that going in.
There are many homes in tourist towns that are designed to be vacation homes. Sometimes they are 5+ bedrooms, or are located inside a resort area. Families don’t want to live in those homes and they’re not conducive to long term rentals either.
Tourism zoning allows those homes to not sit empty and be taxed appropriately, while keeping short term rentals away from residential zoning areas likes parks, schools, etc.
Instead you have cities passing dozens or hundreds of pages of regulations that makes no one happy. It’s led to lots of lawsuits, complicated enforcement and more bureaucracy.
Simple is better. Another option is to allow anyone to rent, but cap it at 30-60 nights per year, or only during peak tourism months. It‘s enough income to supplement a homeowner’s mortgage, but not enough to make it a profitable investment opportunity.
It seems like to me that the people who purchase homes specifically to run an AirBnB business seems to espouse "f@#! you, I got mine" attitude which is super contagious and toxic.
I have zero sympathy for this part of your argument: hotel zoning is just a legally-allowed monopoly, with all the bad things that usually comes with.
And do note that, in some jurisdictions, there are now taxes specifically covering short-term rental activities. No "cheating" going on there. And any municipality that hasn't enacted such a tax... well, that's their oversight, then.
We can disagree about laws but not following/enforcing laws because you disagree with them (for most part) is a recipe for disaster.
Building more housing in places where there is demand is the only way to reduce housing prices. We don't see that happening because homeowners like the high cost of housing, and vote down new development. Homeowners tend to have more political power since they're a bit more fervent about this sort of thing than renters, many of whom won't be living in the area long enough to care. Unfortunately, those renters who do want to stay, and perhaps even want to own their own home, just don't have the political clout to change things.
I’m not saying we should just ban short term rentals. I’m saying we should make all rentals ruinously expensive unless they actually provide some economic benefit. If you aren’t providing housing to low income renters that truly can’t afford a home then you don’t get to buy more houses. Just destroy the incentives to hold real estate through taxes.
Here are some examples: https://www.visitberlin.de/en/hotelthema/apartment-hotel
The problem is it is now polluted with grifters, and you don’t want to take a 15% chance that your place will have cockroaches, require digging through 8’ of snow to get to the front door, or have frozen pipes (all these have happened to me with Airbnb).
Even worse, I feel that it went from a 5% bad rate to more like 35%.
Short term lets are nowhere near as important as long term ones, especially vacation rentals. They're actively harmful often, especially with the way AirBnB takes supply from the long-term lets.
This is the same nonsense as NYC's yellow cab vs black car licensing and regulations.
Let people make businesses how they choose.
I've lived across from nightly rentals at a resort, I expected it, so no complaints to the late night partying etc. But my current neighborhood I have no expectation the house next door is going to suddenly start hosting huge gatherings every weekend, and I expect it to stay that way.
If you live in a city, you have to deal with noise, full stop. That's one of the trade offs of dense, urban living. Certainly there are limits to what you should have to put up with, and that's what noise complaints to the police are for. Police aren't doing their job? Well, maybe you should find a way to force them to, instead of trying to restrict what other people want to do with their property. Or move to a building or area or whatever with a neighborhood association that disallows short-term rentals.
If fire escapes are necessary, they should be required in both cases. If they are not, they shouldn't be. Are hotel guest lives (or resident lives) worth more or less than the other?
Apartments are generally bigger than hotel rooms -> there's more people in an equivalent size building that is a hotel -> need better fire exits.
Condo buildings aren't that much different than hotels in terms of density and usage.
> The average size of a newly built apartment in the United States, as of 2018, is 882 square feet. https://getflex.com/blog/average-apartment-size/
> The average hotel room size in the US is 300 square feet (around 28 square metres). https://www.siteminder.com/r/hotel-room-sizes/
Airbnb has many problems and is a disgraceful company especially nowadays, but one thing they did well is to add significant flexibility to a legacy industry full of gatekeepers.
A vacation rental is not housing people.
AirBnB adds flexibility for new rent-seekers. It doesn’t address housing affordability and in some cases actually makes it worse.