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The Airbnb Gold Rush Appears To Be Ending


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2018 Jun 3, 3:47pm   1,120 views  1 comment

by Patrick   ➕follow (55)   💰tip   ignore  

http://thehousingbubbleblog.com/?p=10451

“A small group of high dollar investors from outside of New Orleans have created a commercial hotel market out of residential properties. For example, she observed, ‘The Sander company, which is based in San Francisco, has 124 listings,’ and thanks to shell companies also getting permits, Palmer added, ‘We think that they have that many, if not more, actual permits, but they [take advantage] of multiple listing data.’ ‘Airbnb pretends they are home-sharing service, that their users are homeowners who are making ends meet by renting out their homes,’ Jane Place Initiative program manager Breonne DeDecker said. ‘But our report exposes that lie. What is happening in New Orleans is not home-sharing, but the hotelization of residential housing.’”

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1   bob2356   2018 Jun 3, 4:27pm  

Excellent. Free enterprise at it's finest. I'm looking into doing exactly the same thing with a small apartment complex.

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