patrick.net

zzyzzx says

https://www.businessinsider.com/airbnb-ban-makes-rents-housing-prices-drop-irvine-california-study-2023-11

The best evidence yet that banning Airbnbs will make rent go down

I agree as many vacation or short term rentals will either be rented long term (at least 6 month leases) or sold.

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https://www.reddit.com/r/RealEstate/comments/17u441n/ive_noticed_a_lot_of_airbnbs_are_hitting_the/

I've noticed a lot of Airbnbs are hitting the market, why?

https://finance.yahoo.com/news/airbnb-agrees-pay-621-million-115658368.html

Airbnb agrees to pay $621 million to settle a tax dispute in Italy

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AirBnB now around $147... about $6 above its IPO price back in December 2020...



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https://www.dailymail.co.uk/news/article-12870771/Hawaii-governor-Maui-vacation-rentals-converted-homes.html

zzyzzx says

(((Elizabeth Hirschhorn))), who was referred to as a "tenant from hell," apparently departed the Los Angeles guesthouse she had been staying at for 575 days, reportedly "rent-free," on Friday.

Those crazy eyes

https://www.businessinsider.com/airbnb-ban-makes-rents-housing-prices-drop-irvine-california-study-2023-11

The best evidence yet that banning Airbnbs will make rent go down

After Irvine's ban went into effect, long-term rents in the city dropped by 3%, according to the study, a decrease of $114 a month on average.

just_passing_through says

https://www.dailymail.co.uk/news/article-12870771/Hawaii-governor-Maui-vacation-rentals-converted-homes.html

Ah, the sweet smell of Socialism.

https://www.fox5vegas.com/2024/01/23/180000-fine-illegal-short-term-rental-las-vegas/

$180,000 fine for illegal short-term rental in Las Vegas

zzyzzx says

https://www.fox5vegas.com/2024/01/23/180000-fine-illegal-short-term-rental-las-vegas/

$180,000 fine for illegal short-term rental in Las Vegas

The hotel and resort lobby wants government to target vacation rentals. Look at New York City targeting AirBnB.

Panama City Beach government is recently putting more regulations on vacation rentals due to lobbying by St Joe (ticker: JOE).

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AD says

The hotel and resort lobby wants government to target vacation rentals.

zzyzzx says

Yup. Hotels do some of that, too, but not to such extent

mell says

Yup. Hotels do some of that, too, but not to such extent

I don't use airBNB but VRBO instead and everything is up-front and reasonable. That is if you accept paying >17% in taxes to the state and maui county. I push that down to guests and actually have to pay taxes on the taxes I collect.

Things are really slowing down in Maui. More so than during covid and by that I mean when I was allowed to operate it was no problem getting people in there at a high dollar.

I haven't seen it like this in the 7 years I've been doing it. Perfectly fine up until the end of next month, it's turning into a ghost town and not just my unit. The cleaning company told me almost nobody has reservations.

I wonder if it's the threats of a moratorium by governor murder.

Also yes the hotel lobby are snakes there too. The governor wants to get rid of vacation rentals and rental cars and force tourists to take buses to much more expensive hotels and stay on hotel grounds only. Where STRs make up >40% of the income the state gets in Maui. (not to mention tourist $ spent by people who rent cars all over the island and handy-men etc., doing repairs for us etc.,.)

They won't come close to getting enough people into the hotels there to make up the difference. STRs on the water are a waaay better deal. Also being able to rent a car to see things all over the island is a nice perk too.