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zzyzzx says
AirBNB is like Subway:
Subways don't make money?
What, by the hairy dugs of Minerva, is a "Host fee?"
https://www.reddit.com/r/REBubble/comments/15fgz90/airbnb_in_a_bad_neighborhood_what_could_go_wrong/
Airbnb To Lead Real Estate Market Crash
And do what?
Maybe this is a good time for an airbnb competitor to rise to the challenge.
Hotels and actual licensed Bed and Breakfasts.
https://www.kansascity.com/news/local/article279307904.html
Kansas City will kick hundreds of rentals off Airbnb, Vrbo this week
https://www.wdrb.com/news/metro-council-approves-changes-to-ordinance-cracking-down-on-who-can-operate-short-term-rentals/article_01cd5e62-536e-11ee-ac11-a74feef417f6.html
LOUISVILLE, Ky. (WDRB) -- The city is cracking down on who can operate short-term rentals in Louisville.
I'm surprised they even have any vacation rentals.
https://www.yahoo.com/news/airbnb-renter-stays-brentwood-home-140416878.html
Airbnb renter stays at Brentwood home for more than a year without paying
https://www.kiro7.com/news/rainier-homeowners-lives-van-while-delinquent-tenant-lists-rental-airbnb/KHY35IOCC5DMDHE5KYLZVK3QFA/
Yes its a drawn out eviction process of about 12 months while the tenant is sub-leasing the downstairs living space for $2000 to $4000.
So what happens in the future when the tenant leaves ? Do they continue the same behavior and possibly operate with other scam artists ? Will any damaging info remain on the tenant's credit report ? I wonder what is the history of this tenant as far as operating scams.
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Something Popped: Google Searches For "Sell My Airbnb" Surge As Travel Downturn Worsens
That "landlord" did this to himself. He felt no need to follow the law, so now the law is not helping him.
HeadSet says
That "landlord" did this to himself. He felt no need to follow the law, so now the law is not helping him.
Are you fucking serious?
Why the fuck do you need to get permission from the government to install a shower? Stop being a willing slave. You cattle are killing us all.
But it is a major plumbing project for a home, so it would need to have a permit especially given the risks of not installing it properly.
HeadSet says
That "landlord" did this to himself. He felt no need to follow the law, so now the law is not helping him.
Are you fucking serious?
Why the fuck do you need to get permission from the government to install a shower? Stop being a willing slave. You cattle are killing us all.
In the first quarter of 2023, there were 144 million housing units in the US compared with 1.2 million available short-term rentals like Airbnbs, according to AirDNA analysis of Census data. That means they make up just 0.8 percent of the housing stock, what Jamie Lane, AirDNA’s chief economist and SVP of analytics, calls a “rounding error.”
https://www.vox.com/technology/2023/6/30/23779862/airbnb-collapse-housing-shortage
FWIW mainstream 'news' claimed we already had 30 million illegals back when Bush-II was elected.
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I'm thinking of doing this in the Shenandoah region in VA, which has very low inventory and lots of short term rentals on the market. I assume that as more and more people do this, the market will saturate. I'm not sure how long that will take, and exactly how that will play out - plenty of thoughts though. In particular, I think if people insist on working from home, the far flung mountain retreat type areas outside of cities will do very well. I'm thinking that people wouldn't commute long distance every day, but might be willing to commute further once or twice a week. So, the high property values in/close to cities will continue to spread outward.