@@07Flash11MRCthat's just 1 or 2 laws away if people really wanna do it I will remind you that the US was once just a colony, and a piece of paper signed by people living here changed that
@@LudwigVaanArthans "that's just 1 or 2 laws away if people really wanna do it": Oh, I know. Look around though: Most people aren't ready to seize property from cápítàlì$ts.
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds.
I won't pretend to know everything, though. Her name is Annette Marie Holt but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
Goes without saying, but one of the worst aspects of AirBnB to me is the fact that it's expensive to use even as a service. It's rich people buying homes to temporarily rent out to other rich people. Wholly inhumane.
The mix of AirBnB, Real Estate Investors, and side "hustlers" mix with the inability of the government to regulate anything that matters makes for a real clusterduck for the Housing market and housing is treated less like homes and more like financial oppurtunities
Buying property to rent isn't bad, its the returns in excess of the capital invested in the improvements that are unearned. To fix this, just tax land at 100% and distribute the proceeds after paying for the governemt to all citizens equally. Bam, no more property specualtion, no more income tax, no more sales tax, no more poverty. Georgism is the only jsut way to run a economy.
@RC-fi4ixSure but housing has never been this unaffordable for people. I make 6 figures and can’t afford a home. Keep licking those boots and cheerleading the dismantling of the middle class bud 👍
Airbnb isn't even a good deal anymore. With the lazy owners not wanting to do any cleaning between visitors it's a losing business plan. Hopefully it works its self out
There are currently over 16 Million homes and apartments in America that are unoccupied. Artificial scarcity is driving up the cost of owning or renting a home. This is all being done intentionally.
We haven't replaced the million Americans who have died from covid, with all of the immigration since covid started. Notice a common factor in news about immigration fear stories... They never, ever mention the actual number of people.
@RC-fi4ix how many rich white CEOs are going to prison?? You know, the ones that perpetuate the situation that's going on. The problem will not be solved until rich white CEOs that donate to both parties go to prison... But that will never happen so we conveniently have a boogeyman every election season. And we also have a class of people that come over to pick the food.... Then you realize the system is working exactly as it was designed.
A lot of that “housing” isn’t actually habitable. It doesn’t take long at all for an uninhabited home to become uninhabitable. I saw a video about an organization taking such homes and fixing them up with the help of the future owners for just the cost of materials; donations paid for the original buildings, and all the labor was donated. Seemed like a good idea! 👍
Happened in Edinburgh, Scotland. Historic city centre that had families living in it and been there for generations. Overnight it turned into Air BnB ville. The Scottish Government has introduced new legislation making much less lucrative and already ex Air BnB properties are up for sale. 🎉🎉🎉
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
If only their were an organization made of everyday citizens that have the power to regulate things like this, and work in the interest of, I don't know, working people. Man, sure would be nice if something like that existed.
The best thing you could do for working people is rasie taxes on land, and coincidently lower income and sales taxes. Taxes on land only hurt land owners, mostly rentiers. It reduces the profit that landlords can make to be solely the return on investment made on improvements, rather than being able to extract the raise in value of the land over time. Georgism is the only fair way to tax.
Maybe tax investment homes higher. I inherited a second home (my grandparents land and it’s a small hobby farm). I let a family member live there for free. I shouldn’t have to pay higher taxes on it because of greedy people buying homes for investment purposes. Let’s not f over regular folks.
@@RextheRebel realistically US corporate owned congress wouldn’t consider for a second. But maybe using your argument as an extreme position and then getting tax penalties on investors might work.
@@Iluvchknz I agree with you. If you have family living there and it is not an income property, then no increased tax. But we have to reduce the homes the rich hold for profit. Some buy and hold and don’t rent out. Holding inventory also increases prices.
These AirBnB investors can’t see anything but instant gratification through profiteering. Good landlords like steady tenants that pay rent on time and keep their homes neat. High turnover brings in people who are not vested into their communities. This is how a neighbirhood experienced rapid decline. From gentrification to the abyss. Well let three idiots get stuck with a mortgage they can’t float. Greed shall be punished.
There is no such thing as a good landlord. A landlord extracts value by profiting not based on the inventsment of capital into improvements, but from the raise in the value of the land they own over time. This value is created by the community, not the individual, as such they steal this value form the community when the value of land is not taxed away. Georgism is the only fair way to tax.
Your a financial fool if you think renting is a way of life. You must do everything you can to purchase a home, make this your top priority and then learn how to take care of it.
Not true, airbnb still cheap. Rather than giving money to greedy corporations id give to a family trying to make a living by renting out portion of their home. So shutup
@@Deo.345 lots of hotels are family ovned business. Corporations buys homes and turn them short or long term rentals all over the country. Which is the main reason housing became unaffordable for people. Thats what data shows. So. Shut the f up if you have no clue what are you talking about, expert...
@@Deo.345 Part of the problem is knowing if a corporation or family owns the property. There is no transparency on that. How is someone supposed to know?
Depends on what experience you want. The hotel experience doesn't really give a vacation vibe, meanwhile staying in a private house with a pool, fully furnished is way more attractive.
This is true! Often I have chosen a hotel over an Airbnb because the hotel was the same price or less and I know what I am getting without the "rules" (such as having to take my shoes off and being in by a certain time) that go with an Airbnb.
Same here in Australia. Isn't it amazing this issue is worldwide. Airbnb is making rentals everywhere to expensive and far too many people are becoming homeless.
7:12 Imagine a private citizen just refused to give information a government asked for, especially in retaliation. Whenever under the cover of an LLC, executives can commit crimes
Had a similar problem here in European big cities. I live in the centre of Berlin. Apart from all the things mentioned here, local residents just also got annoyed at the obnoxious behaviour of partying drunken tourist groups in residential apartments. Particularly take note of young Americans who can´t cope with alcohol. Police got fed up of having to break up fights between drunken tourists and local residents. The city eventually just banned them.
They are doing this in my neighborhood now, I'm supposed to be moving but can't find a new place to rent with bad credit because there aren't many private landlords anymore, so I've been wondering where they want the 60%of Americans who are living paycheck to paycheck, which is why we have bad credit, where do they want us to live?
This was me for the last two years. I ended up going from airbnb to airbnb because I couldn’t find anywhere anyone would let me live. My only option was to finally beg a family member to sign a lease with me at 39 years old. I make a decent living, but my credit got ruined in a second with covid income losses. I don’t want to scare you, but it really is this bad, and I wish I had asked for help from anyone sooner. I tried to make it work on my own for way too long and almost didn’t survive. 😞
People who own Airbnb’s don’t live next to them. They’ll tell you short term renters are better because they can get rid of them if they are bad. The hypocrisy and greed are nauseating. Pure greed.
It’s even more clear in rural communities close to ski resorts or national parks. There’s often no housing available to rent long term, period, because all the available housing is short-term.
Exactly. Happened to be looking at a job post the other day in the Lake Michigan ish area, sort of a summer vacay/resort area I guess, and as I normally do before wasting my time tailoring a resume for a job I’d be relocating for, I glanced at the apartment hunt websites for that area. There were four results WITHOUT my ‘in home laundry’ filter. Three of them would only be available until about May, so about two 1/2 months from now, when peak short term rental season commences there. So, while the places were relatively reasonably priced compared to where I am now, what exactly would you do once you’re forced to move out in favor of the vacationers? Hope to find something else in the area that’s affordable, available, and not going to boot you again when the season changes? The ones that came up weren’t even all that close to where the job would be, so 20min MI winter commute eventually, on top of housing uncertainty. Needless to say that job posting was closed all too quickly.
And I’ve even been in the situation where I’ve tried to ask if I could rent long term from any of these Airbnb hosts when I was trying to find a place to live. They wouldn’t let me rent unless I paid up front in full. I was paying month to month, and they would kick me out whenever someone else would book for a weekend. It was horrifying.
Yup. I am right smack in the middle of Disney & Universal Studios. The only long term apts (new or not) are luxury. There are only 2 rent restricted complexes. The waitlist all around Florida is 2 yrs. They won't even open up section 8 vouchers.
That’s fine. You’re not entitled to live in a ski resort on someone else’s property. The problem arises when suburbs of major metro areas have home and rent prices double in 4 years and they have more Airbnb listings than MLS listings. It’s proof that the market would be cheaper and more competitive if there was no AirBnb. You don’t need to rent in aspen. You might need to rent in the woodlands Texas or palm beach Florida or Dayton Ohio. Those are job centers 🤷♂️
Years ago I was an AirBnB host. I had a spare room and did not want a permanent roommate. It was listed for very short term (1 week or less) and mostly it was nice to have a guest once or twice a month. If I had company coming out of town or needed the spare room for a project, I could de-list it on the website. Most of the listings in my area were same story as mine - a spare room or master bedroom. But then more of the AirBnB rentals in the area started becoming new studios out of converted garages - or worse than that they were entire luxury=like units with no owner onsite. Its definitely affected long term rental market here badly and the initial purpose of AirBnB really lost its way in all the greed.
I used Airbnb but I stopped because I realised that by using them I was depriving ppl of a home. I now stay in hotel apartment when I travel. They are same price and don’t have all the crazy rules and cleaning fees.
@@dianacasey6002Can you please expand what you mean by hotel apartment? Do you mean like Extended Stay types? If not, how do you search and find them? I typically liked Airbnbs bc there was a real freezer, fridge, and microwave. But if there’s an alternative, I’m willing to try it
@@hynnow18 I suppose it depends on were your from, the Sunshine Coast and many other Australian holiday destinations have complexes that have always been hotel apartment’s not private accomodation. They are excellent and there is no funny rules and key problems. I don’t know about other places sorry if this doesn’t help.
Indeed, there are "apart-hotels" for those who say that they cannot stay in hotels because they have kids, need kitchens, etc. I stayed in a similar location, but as I was 1 person I chose a room. It was with a kitchenette, fridge, a desk for work and high-speed internet. There was a bigger communal kitchen in the building, if needed.
As someone who lives in a rather famous tourist town in a region whose main economic driver overall is also tourism, AirBnB and similar rapid rental services are simultaneously bleeding local communities dry by driving up prices and killing local hotels as well. The public school district here has downsized multiple times in the last decade and a half because nobody can afford to live here anymore-people are moving out.
I live in wolfeboro NH on lake Winnipauskee and it’s driving up cost here, also the street I live on use to be family homes now just about all of them except mine and like 3 others are airbnbs
Problem is that this is allowed in too many places. In California, the cost of housing is ridiculous, be it buying a home (it's common knowledge for long-time homeowners that, were they to try to purchase the house that they own TODAY, they most likely wouldn't be able to afford it - not by a long shot) or long-term renting. Yes minimum wage IS higher in CA, but still not nearly enough to be able to make rent in many cities. Too many homes are bought by corporations and many are used for things like AirBnB. There should be zoning for homes used ONLY as short-term rental in every town, and nowhere else. So, in a regular residential area, that should just be illegal. (And make it a SMALL area, halfway decent, close enough to shops, conveniences and some touristy spots, but not in the BEST areas, since those should be for residence, nor too close to an area that have a lot of small, local businesses). "Regulation-Free" is the problem. We need much more common-sense regulations in this and more industries. If AirBnB denies data or otherwise refuses to cooperate with cities, then that city should be able to simply BAN ANY short term rental outside of actual hotels and motels. It's time that government regulated corporations, not the other way around.
I agree with lots of your comments, here is another perspective at least here in CA. We rented the other side of our duplex long term to a guy for a really fair price, who during COVID immediately quit his $45 an hour construction job stayed home payed nothing, rent, utilities etc and worked on his truck for 18 months. The state would not let us or anyone else in our situation evict them, I am just a hard working guy who drove off to work at 6am knowing I am paying everything for him. Today we short term rent the place and would never go back to a long term tenant, I am not in love with it but its way better than having to endure that again and many of my neighbors are doing and say the same thing! Empty or just family and friends staying is better than long term in CA so if you are looking for the problems many of which you stated are true be sure to include this because it is huge.
Market restrictions like this, even if they seem like a good idea, usually just cause market inefficiencies. If some one owns a unit and wants to rent it to someone forr a short time, why shouldn't they be able. The free market is a good thing. The predatory nature come in the monopolizatino of land by land owners. As long as the value of land is taxed away, let the owners do as they wish with the land so as to maximise the ability of the free market to maximise value. The LVT to properlly compensate society for the land kept from their use.
In our small tourist town, affordable housing is the biggest need. Upgrades turned into B&Bs make more money. Transient visitors looking for us to entertain them, not invested in community maintenence and well-being, it’s getting outta hand.
The problem here is often zoning restrictions. If there is demand, people will want to build higher density housing. Another major barrier is the lack of land value taxes allowing land speculators to keep land unused because it is sufficently profitable to hold the property until the land becomes more valuable. This is the problem that georgism addresses. Georgisim is, imo, the only fair way to tax.
That's literally why you shouldn't live in a tourist town. Maybe don't live there? I know for a fact you could move somewhere else and instantly have more value for your dollar. Stop blaming people for your lack of ambition to make your life better.
@@rickwilliams967 You assume a lot. Maybe she has a business that caters to tourists, maybe she's lived there for 25 years. Nothing says she has a lack of ambition. Affordable housing should be a concern for everyone.
My town has a housing shortage. Some of it is probably Airbnb, but I think most of it is the lack of affordable housing. It's just not being built. Most of the new housing being built is for upper middle class folks from a nearby major city of which my town is a popular suburb. An $800 rent increase?!!! That is not exactly a happy ending.
A similar situation is happening in cities like San Diego, where corporations are buying homes and adding second homes on the properties called ADUs. It’s time somebody investigate this as it’s also causing property values to go up even though they claim that these ADU’s are “affordable housing“ whatever that means, it’s not
This guy is spot on! A B and B should be defined to be an owner occupied dwelling, renting no more than four rooms for less than 31 days. Otherwise it is a long term rental or a hotel. The model of "disruptive technologies" such as Airbnb and Uber, is to offer the same service that is being offered already, only without the safety of the regulations by "redefining" the service.
I know that most videos on this channel are a big bummer…so let me share a HAPPY story on this topic. A small, but not inconsequential number, of college students flood into my town every year. And this small town doesn’t have much in the way of rental stock. So if there was overflow from the dorms at those two colleges (we have two colleges!) most if not all of the available rentals were gobbled up. And some of the regular housing market was too, by the colleges who bought up houses nearby their campuses. The town knew that it was just a matter of time before folks were going to start short-term renting with whatever land they had (or could grab) and horrible spiral down would begin. So the town put in some regulations on short-term rentals. And one of the colleges made some bigger dorms. To raise funds for the shiny new dorms, that college sold off their properties in the town. And that freed up the small house that I bought. I’m gonna retire here. Regulation works!
Corporate greed is another factor in driving up the prices of homes. Some corporations have 1000’s of homes and are constantly buying and driving up prices.
I used to work near an AirBnB back in NOLA, the hosts didn’t know, that when they run an AirBnB they have to run it like a hotel. Most are disruptive to everyday local and resident life from increased rents, illegally parking on neighbors’ driveway, security issues ie strangers or shady people near the residents’ home, trash everywhere, vandalism, etc. Those hosts and developers have no idea how to maintain and run the place.
Airbnb should be forced to go back to it's beginnings, where people would rent an extra room in the place where you live. And are not there when the guests arrive, it should be illegal.
@@MrStark-up6fi I like how you clarified right off specifically pride as status because there's also pride in accomplishments which isn't toxic. And you're right, all these things are enhanced forms of selfishness, which absolutely does hurt everyone around them.
I rent about 100 airbnbs a year as i travel for work...soo much cheaper then a hotel. Hotels need to get cheaper. Between the ridiculous parking fees, hotel tax fees etc. I cant afford a hotel. Airbnbs are cheap and you get the whole home
I have done contractor work in about 100 rental homes. The most desirable rentals are the small cozy getaway homes. The same properties that normal people are struggling to buy. Capitalism is the closest thing to an unstoppable force we can imagine.
I had a friend tell me how he planned to turn his home into a BNB even though there's no real reason for people to come into our home town and I know the neighbors would hate it.
in our current society model... you can't have rich without poor you can't have power without followers/slaves you can't have a great nation without having many other starving nations you can't have an advantage without others being severally disadvantaged (no regulation)
The current model very much is win/lose and that's why I don't support it. There's no reason why everyone can't benefit at the same time. I'm not saying everything will be perfect that's impossible but I literally see no good reason why all business transactions shouldn't be required to be win-win & all workplaces shouldn't be required to be win-win and meaningfully participatory. Imagine the benefits this would bring to society if we had a simple paradigm shift. What's wrong with a value system that demands that everyone benefit? I mean why are some people entitled to "win" but because, I don't know, the universe doesn't like them or they're less worthy or they're the the wrong race or color or ethnicity or class, others are just "born to lose" and they just have to suck it up and accept it? No way that is not my value system I'm not going to accept that. And for some people that can't seem to get it, it doesn't mean that we're all going to live like rock stars or everyone's going to have the exact same level of wealth that's impossible and I wouldn't want that, it's that the fundamental business model needs to switch from win/lose to win/win, same as the workplace, whether you're in the public or the private sector. There is no reason why everyone can't meaningfully benefit from a particular arrangement. In fact in my opinion, it's not an ethical arrangement unless everyone does meaningfully benefit. Maybe some will benefit a little bit more than others that probably can't be helped but there's no reason why everyone's basic interests can't be looked out for, this includes the public's and our communities' (our collective health and our physical environments) I don't need to go too macro but just imagine if we had a positive mindset towards other countries instead of an exploitative one but that's getting into a bigger political issue. But you all can see where I'm coming from.
This is such a terrible hit piece on Airbnb. The data against Airbnb is so insignificant. Regulation should exist to prevent bad and neglecting hosts from offering poorly managed homes, but STRs are not the main cause for rent increases
I see the regulations as a good start but it’s only dressing a bandaid over a shotgun wound. I don’t want low income communities to have access to housing, but it’s shitty, decrepit, and falling apart housing. We need a public housing system that addresses the shortage problem and subsidizes housing for basically everyone. You can have nice quality housing without it being overpriced and out of reach.
I looked up Airbnb in my area. THANK GOD it is between 80 and 90 percent lake cabins. These are mostly unoccupied most of the year, anyway. Our town population quadruples in the summer historically. They up the price of gas and groceries. Looks like it doesn't affect our rentals. I did notice on Zillow that the prices have skyrocketed on lake properties, though. But long term resident's don't really purchase those, anyway. Those houses are four times and mire expensive than a house just a few blocks off the lake or in rural areas. The rich have dominated our lakes for decades.
@@michah321 I agree. And also I've heard that it really hurt the unions in Hawaii when the AirBnB and VRBO etc took off and the housekeeping people ended up being contract employees with no benefits.
I'm actually quite surprised. All these airBNBs are commercial ventures.... the land these structures are on is not zoned accordingly. How is it that the municipalities are not requiring these commercial businesses to tear their business building down and build a dwelling consistent with zones requirements for the area???? Easy fix if you ask me.
Market freedom is a good thing. People should be able to serve markets. Jus ttax land and do zoning reform to allow denser units and more mixed use. That will fix the problem and allow more freedom for people to do as they wish with their land.
I'm not against Airbnb as a concept, but the company needs to respect short-term rental bans wherever they exist. They should not be above the law. If my HOA forbids me from renting to long-term tenants with the threat of legal action, why aren't short-term rentals treated the same way?
I oppose HOAs as deeply criminal vile entities however I understand what you're saying. These Airbnb host / owners should definitely not be above local law.
I’m in Florida and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal portfolio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $350k since then.
@@hunter-bourke21I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?
Definitely! All of this happened in less than a year after *Izella Annette Anderson* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.
I lived in Beacon (other side of the bridge) in the '80s. Upon returning to visit the one friend I have that still lives there, I was simply astonished. What was once a very modest, picturesque small town has been turned into a facade of fake businesses and fake affluence that can only exist because these real estate/financial frauds have managed to churn the whole region while forcing the people who lived there for generations and built the "vibe" the parasites sell, out of their own community. Literally everything is far worse and costs at least 10X as much. And when people notice that they're paying way too much for nothing special, they'll move on and another American town will sink into the toxic swamp that the financial industry created. Too Big To Fail is too big to exist.
just wondering about the 10x price increases...you lived there 40 years ago, so it makes sense that things have gotten more expensive. It's inflation. Are you glad you moved or do you think it is still a good place to live?
@@goldbrick2563 I'm not the best person to ask since I didn't like it enough to stay there, then. I was transferred to New York from the west, and after < 2 years jumped at the chance to get away from the east coast.
It would be cool if communities could do housing co-ops. Instead of companies or rich people buying investment properties, allow the community already there to do it. They could set up an infrastructure that provides affordable rentals with programs for home ownership (which creates buy in to the cooperative). Neighbors could have incentives for keeping properties maintained, upgrading homes to renewable energy, etc. Monies would be put back into the community with the neighborhoods being the shareholders who receive benefits back for their own mortgages, taxes, maintenance and upgrades. It would be a complex program and would need loads of thought. But that would help way more people and revitalize cities without displacing residents.
Right now, affordable housing programs really only profit developers and landlords who already have money. Sure, they provide rental payments for low income Americans, but rental money goes into the pockets of somebody who already has money, usually. They get to use that money to pay off the mortgages and pay the taxes for that rental property and then still have a large profit so they can invest in other properties. Meanwhile, the individual who is low income often stays at that level. We are so opposed to giving “free, handouts“ that we in advertently keep people in poverty. I mean, if the parents in that family cannot rise above their circumstances, and actually purchase a home, it is a barrier to generational wealth. They can’t take out equity mortgages to help their kids with university, make a down payment on a home or have funds for an emergency. If only HUD had more programs that created better pathways.
@@The_left_hand_pillarthat is definitely not true. Only the extremely poor benefit from housing programs, and waiting lists in most places are years long. Working class, which use to be middle class, can not afford to own a home and save money for their kids or their retirement because even though we make the money we make it's not enough. On top of that they say we don't qualify for assistance because we make too much money. Up until the 90's your statement would have been true, but not anymore
What seens is that Air bnb at the begining was a good idea, but in long term it causes the downtown cities crysis. To me is become clear that the whole big tech economy is good in short term, but is bad in long term, we think the big tech economy is here for a long time, because our notion of time are manipulated, but is a young economy model yet, and the results are the same everywhere. Even here in Brazil, specially São Paulo, the big tech model are lowing the consuming produts but raising the services. So rent here is skyrocketing, many tech companies are buying other business. Here in my town Cajamar, and Santana de Parnaiba, a lot of bigh tech companies occupy large portions of land, because of low taxes. In short term all that is good from both cities, citzen are getting richer, but just in 10 year now, the bad long-term problem are showing up. The big companies don't help with cities infra structure, so we now are facing a lot of problem, the hall give preference to the companies to sell or rent land, but not for building houses.
I live in Baltimore County, MD. I am grateful my rent is not jumping up as high as the gent in the video, but it is still jumping. My rent is jumping $200 a month starting May. There are no affordable apartments that are in a safe area near me. Even with the minimum wage going up to $15/hour, it is unaffordable for low-end income earners to get an apartment. And there is no money available for Section 8. We are using savings and are looking for options to increase our income, but it is very hard. We have lived here over 13 years here. We are making an escape plan to find a more affordable home.
Wow that is shameful. You should not be going through that right now. For such a long-standing tenant shame on your landlord for not working with you. They don't appreciate any goddamn body. Without rent control this problem will just continue. I don't mind landlords making a reasonable profit but I know they're going way beyond that. They should not be able to set the cost of rent!!! Absolutely not! City leaders complain about homelessness but do nothing to make sure people can stay in their homes. The public management in this country is broken. Maybe you guys can swing an extra $50 a month but not 200! Perhaps you should ask them if they'll work with you. But if they won't, shame on them. You deserve more appreciation for being a steady dependable tenant for 13 whole years. Rent increases on existing tenants should be very limited. People's incomes rarely change meaningfully. No one should be priced out of rent. If a LL wants to charge more to new applicants fine but existing tenants deserve limits. People shouldn't have to uproot their whole life just because they can't come up with a significant rent hike, especially if that person is low income. There should be protections against that.
Same thing happened to my sister. They bumped the rent up $800. She rents a mountain cabin and go anywhere else because of the 3800 vacation rentals in the small city.
Hotel lobby is very actively working on spreading anti- Airbnb. They are the ones who lost the most. I have both annual renters and Airbnb . Both are good. It is an investment so as a landlord I’ll try to maximize profits and provide value and help in built a community. I have good long term tenants too. If you have multi- units then it is better to have long term tenants. Annual lease rents have gone up because of building maintenance costs.
My parents left Stonybrook NY for FL in 1993 because the taxes were just insane. Moved to a small farming town surrounded by orange groves and cattle pastures. Now its practically just an extended area of the big city shits crazy.
they should move back to stony brook, its still the same and better. they will have to deal with the taxes but it is nicer that the florida area you are describing.
@goldbrick2563 well we own the house down here and my dad passed away years ago so that just isn't an option. I appreciate the update about Stoneybrook though.
@@worldofdoom995 sorry to hear about your dad. It sounds like the hard decision he made in '93 to move away was the right one for your family at the time and it was a great time to be in Florida, too. Definitely the North Fork area has a high standard of living and doesnt face what other parts of new york face as far as homelessness and crime and drugs and sprawl and density. But it is expensive obviously. I'd take florida weather over new york weather any day (except the summer months lol)
Airbnb deliberately overlooks host irregularities because they are listed and need to make money. I was once scammed by a owner for 1200$ who had hidden away the non-refundable clause (this is before the airbnb provided insurance for such things) and i somehow missed it. Another time when the actual location of the rental was like 5 miles away from the one i booked . The best way to beat airbnb is create a rating system by users and bluntly be critical of hosts which are fooling both airbnb and guests.
That’s not smart at all that will make it hard for people to become wealthy . Also more Tax’s less money for you it always goes down to you never forget that
The business model of hoarding homes, driving the biggest bubble in history and trying to extort people to live cannot go without very nasty consequences.
Actually airbnb is gradually being exposed I don't think it's everywhere but airbnb are showing two types of fees first set of fees are shown when place my reservation and the 2nd set of fees are finally shown on the day of use when it's too late for find a better deal at a hotel
I just want to know where the gentrification stops. “Improving the neighborhood” …. You can’t improve any more neighborhoods if none of us can afford to live and work in this country. I get cleaning up drugs or crime, but displacing hardworking Americans has become the goal of these cities in the name of profit at this point. It’s disgusting.
I'm currently using AirB&B as an intermediate term housing for an internship. I need a place to stay for less than 1 year because that's how internships work, and renting/landlords were not interested, so I ended up renting an AirB&B instead. It's approximately the same price as rent, but the rented space is only one room instead of an entire home. If my city regulates AirB&B rentals, I would be unable to find housing. I think AirB&B needs a competitor, and regulation might help with creating a niche where a competitor can coexist with regulated AirB&B.
The story of capitalism is essentially a cat-and-mouse game of business excess/abuse and regulation to hold them to account. I used to think that Peter Drucker's idea of businesses and organizations policing themselves lest government step in to do it for them was possible, but I now think that businesses the world over have pretty much given up on this idea, especially when there are competitors in Asia that get ahead by being as apathetic as possible to fellow humans. Also: There's legislation in CA that is proposing strict limits on short-term rentals.
Their complaint is a double edge sword, meaning, when they go on vacation to other areas, they will face similar complaints and regulations, which cause them to use more (potentially) costly lodging options (i.e., hotels/motels/etc.).
All cities have to do is charge the same tax on Air BNB rooms that they charge for hotels, Make those owners pay their fair share of taxes juts like hotels do. When the Air BNB rental with no room service, no maid service & no amenities costs as much as a hotel room, the public will stop using Air BNB.
Unfortunately a lot of them come from backgrounds of privilege and lack empathy. There's a dedicated section of Tiktok where people brag about how much they make off of being landlords, making airbnbs, and kicking out single mothers for content
That is a significant oversimplification. Currently it is very difficult for "anyone" to purchase a home. Even if you have incredible credit score you'll need 20%+ down. If you don't have that your blocked out the gate. If you do have that you can expect thousands in closing fees and outrageous interest on your very high payments. If your plan is to bnb then you better have a well oiled strategy with many clients booked immediately. (Good luck)
@@j.jarvis7460 These are not individuals who are buying these houses, who would be affected by the factors you mention. These are banks and investor groups, who have no problem at all buying these properties.
I just saw a Business Insider article positing that the housing crisis in Steamboat Springs, CO is being caused by “remote work” so out of curiosity I looked up how many Airbnb listings there are. There were well over 1000, and if I felt like digging more into the data there I’d have to bet that remote work has little or nothing to do with what Steamboat Springs is going through 🧐
I do agree the airbnb’s are definitely an issue for Newburgh but moreso its the lack of more large scale apartments and just the zoning overall. Similar issues for any of the other towns surrounding the area too. Far too much single family homes worth hundreds of thousands of dollars. Rhinebeck, Kingston, Poughkeepsie, NewPaltz etc
we hear these constant excuses building new houses takes years permits are needed regulatione are making things needlessly difficult bureaucracy having their greedy hand in everyones pocket who clearly benefit from the constant delays and time stretching meanwhile weve bein hearing for years about 3d printers that would be fast enough to build entire houses in mere days and could fix all of these problems easily so why isnt this happening ? whos stopping all these innovations that can actually help common folks ?
As a traveler : I usually prefer any hotel (even 2 star will do) but past few years even shithole hostels raised their prices unreasonably . That automatically makes me look for alternative measures such as Air bnb (which is pretty expensive too) . As a landlord : extremely high price for the property , rising property taxes, rising maintenance and hoa fees leave me no choice but to break down my house by rooms and rent each room separately just to cover the mortgage . I don’t Airbnb my property simply because it's not desirable area. Airbnb property is huge headache to maintain , it’s not a gold mine and landlords are not demons (in most cases)
It's happening everywhere. In AZ they are building like crazy, there are many new huge apartments complexes everywhere. Rents are up by 2 1/2 times in a little over ten years. I can see a crash coming from a mile away
This country is utterly overcooked if we're considering an $800 rent hike as a victory.
Would you like a little tobasco with your carbonized free range fowl? (Sorry, that costs extra... Commercial real estate is so high)
Yeah at the end I was like “wtf $800 dollar a month increase that person should go to jail”
@@mccomasd that's the state of housing in America. the NIMBYS won the battle of making houses an investment asset
@@TheGimpy117NIMBYs aren't bankers, thank God.
Also, corporations should NOT be allowed to buy houses. PERIOD.
Well, it's too late for that and the properties they already own are not going to just be handed over to the people.
@@07Flash11MRC Politicians can force them to sell
@@07Flash11MRCthat's just 1 or 2 laws away if people really wanna do it
I will remind you that the US was once just a colony, and a piece of paper signed by people living here changed that
@@LudwigVaanArthans "that's just 1 or 2 laws away if people really wanna do it": Oh, I know.
Look around though: Most people aren't ready to seize property from cápítàlì$ts.
@@07Flash11MRCNah, some of us like to keep possibilities in mind. NYT said slavery couldn't be abolished and that flying machines were impossible.
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds.
@@hasede-lg9hj Could you kindly elaborate on the advisor's background and qualifications?
I won't pretend to know everything, though. Her name is Annette Marie Holt but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
Goes without saying, but one of the worst aspects of AirBnB to me is the fact that it's expensive to use even as a service. It's rich people buying homes to temporarily rent out to other rich people. Wholly inhumane.
.. and when it's NOT rented, it's a tax advantage. "Oh, my, I'm losing money!"
Actually, my wife and I cut our tenets rent in half when we get the mortgage of their place paid off.
Not all land lords are evil.
@@Newa113 most are though
Im done. When and where? Actually ill get started and we meet in the middle.
jesus christ you just changed my entire perspective. your so insanely right.
The mix of AirBnB, Real Estate Investors, and side "hustlers" mix with the inability of the government to regulate anything that matters makes for a real clusterduck for the Housing market and housing is treated less like homes and more like financial oppurtunities
Buying property to rent isn't bad, its the returns in excess of the capital invested in the improvements that are unearned. To fix this, just tax land at 100% and distribute the proceeds after paying for the governemt to all citizens equally. Bam, no more property specualtion, no more income tax, no more sales tax, no more poverty. Georgism is the only jsut way to run a economy.
You mean the "unwillingness" of the government to regulate anything . . . .
@RC-fi4ixSure but housing has never been this unaffordable for people. I make 6 figures and can’t afford a home. Keep licking those boots and cheerleading the dismantling of the middle class bud 👍
Airbnb isn't even a good deal anymore. With the lazy owners not wanting to do any cleaning between visitors it's a losing business plan. Hopefully it works its self out
That was my thought as well
And it doesn't help that the cleaning fee is usually almost the same as or double the price of the bnb. Pure greed.
@AngelicaAngel111 exactly. Easier to just stay at a hotel now to be honest
Yep, exactly. No intervention needed.
Seriously tho. It was essentially the same price last time I was looking. Makes more sense to get a hotel.
There are currently over 16 Million homes and apartments in America that are unoccupied. Artificial scarcity is driving up the cost of owning or renting a home. This is all being done intentionally.
We haven't replaced the million Americans who have died from covid, with all of the immigration since covid started.
Notice a common factor in news about immigration fear stories... They never, ever mention the actual number of people.
@RC-fi4ixyou think immigrants can afford homes 😂😂😂😂😂
@RC-fi4ix how many rich white CEOs are going to prison?? You know, the ones that perpetuate the situation that's going on. The problem will not be solved until rich white CEOs that donate to both parties go to prison... But that will never happen so we conveniently have a boogeyman every election season. And we also have a class of people that come over to pick the food.... Then you realize the system is working exactly as it was designed.
A lot of that “housing” isn’t actually habitable. It doesn’t take long at all for an uninhabited home to become uninhabitable. I saw a video about an organization taking such homes and fixing them up with the help of the future owners for just the cost of materials; donations paid for the original buildings, and all the labor was donated. Seemed like a good idea! 👍
@RC-fi4ix I know right.. all these Canadians sneaking over to use our for-profit healthcare.. _Disgusting_
Happened in Edinburgh, Scotland. Historic city centre that had families living in it and been there for generations. Overnight it turned into Air BnB ville. The Scottish Government has introduced new legislation making much less lucrative and already ex Air BnB properties are up for sale. 🎉🎉🎉
Good for the Citizens!!!
Citation to proposed law on Scotland please
@@LReno-di9cmyou can use search engines to find info
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I am on her website doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call. Thanks for sharing
If only their were an organization made of everyday citizens that have the power to regulate things like this, and work in the interest of, I don't know, working people. Man, sure would be nice if something like that existed.
Okay, I'll bite - what organization do you have in mind exactly?
@@Sheseasyouthere I'm asking the question because I seriously do not know the answer. Don't jump to conclusions.
@@Sheseasyouthere I like your first response. Thanks for the explanation.
@@vivalaletasomething like a citizens lobby, that way the people can bribe politicians just as companies do
The best thing you could do for working people is rasie taxes on land, and coincidently lower income and sales taxes. Taxes on land only hurt land owners, mostly rentiers. It reduces the profit that landlords can make to be solely the return on investment made on improvements, rather than being able to extract the raise in value of the land over time. Georgism is the only fair way to tax.
Tax second homes higher, then third and more even more higher
Better yet, ban third, fourth etc homes and tax passive income.
Maybe tax investment homes higher. I inherited a second home (my grandparents land and it’s a small hobby farm). I let a family member live there for free. I shouldn’t have to pay higher taxes on it because of greedy people buying homes for investment purposes. Let’s not f over regular folks.
@@RextheRebel realistically US corporate owned congress wouldn’t consider for a second. But maybe using your argument as an extreme position and then getting tax penalties on investors might work.
@@Iluvchknz I agree with you. If you have family living there and it is not an income property, then no increased tax. But we have to reduce the homes the rich hold for profit. Some buy and hold and don’t rent out. Holding inventory also increases prices.
No, let people be free, just tax land at 100%. Georgism is the only fair way to tax.
These AirBnB investors can’t see anything but instant gratification through profiteering.
Good landlords like steady tenants that pay rent on time and keep their homes neat.
High turnover brings in people who are not vested into their communities. This is how a neighbirhood experienced rapid decline. From gentrification to the abyss.
Well let three idiots get stuck with a mortgage they can’t float. Greed shall be punished.
There is no such thing as a good landlord. A landlord extracts value by profiting not based on the inventsment of capital into improvements, but from the raise in the value of the land they own over time. This value is created by the community, not the individual, as such they steal this value form the community when the value of land is not taxed away. Georgism is the only fair way to tax.
@@RavenMyBoat there are certainly better and worse landlords, and I do not hate the better landlords, but yes, landlordism is inherently immoral.
The crazy part is that it literally is greed on both sides.
Your a financial fool if you think renting is a way of life. You must do everything you can to purchase a home, make this your top priority and then learn how to take care of it.
@@petebusch9069who do you think you're talking to, no one is saying what you are arguing against
2012 "why would i stay in expensive hotel if i can stay in rbnb"
2024 "why would i spend all that money on rbnb if i could just stay in a hotel?"
Not true, airbnb still cheap. Rather than giving money to greedy corporations id give to a family trying to make a living by renting out portion of their home. So shutup
@@Deo.345 lots of hotels are family ovned business. Corporations buys homes and turn them short or long term rentals all over the country. Which is the main reason housing became unaffordable for people. Thats what data shows. So. Shut the f up if you have no clue what are you talking about, expert...
@@Deo.345 Part of the problem is knowing if a corporation or family owns the property. There is no transparency on that. How is someone supposed to know?
Depends on what experience you want. The hotel experience doesn't really give a vacation vibe, meanwhile staying in a private house with a pool, fully furnished is way more attractive.
This is true! Often I have chosen a hotel over an Airbnb because the hotel was the same price or less and I know what I am getting without the "rules" (such as having to take my shoes off and being in by a certain time) that go with an Airbnb.
Same here in Australia.
Isn't it amazing this issue is worldwide. Airbnb is making rentals everywhere to expensive and far too many people are becoming homeless.
7:12 Imagine a private citizen just refused to give information a government asked for, especially in retaliation. Whenever under the cover of an LLC, executives can commit crimes
EVERY private citizen can and should refuse to do so, people (not corporations) have the right not to incriminate themselves.
@@David-uf9qm corporations have all the same rights people do. Citizens United declared that
@@mrtacos705And none of the responsibilities
@geekfreak618 This is an insane story. It’s just amazing what you can get away with when you do it in a suit.
@@mrtacos705Overturn Citizens United. Corporations are not people.
Had a similar problem here in European big cities. I live in the centre of Berlin. Apart from all the things mentioned here, local residents just also got annoyed at the obnoxious behaviour of partying drunken tourist groups in residential apartments. Particularly take note of young Americans who can´t cope with alcohol. Police got fed up of having to break up fights between drunken tourists and local residents. The city eventually just banned them.
They are doing this in my neighborhood now, I'm supposed to be moving but can't find a new place to rent with bad credit because there aren't many private landlords anymore, so I've been wondering where they want the 60%of Americans who are living paycheck to paycheck, which is why we have bad credit, where do they want us to live?
This was me for the last two years. I ended up going from airbnb to airbnb because I couldn’t find anywhere anyone would let me live. My only option was to finally beg a family member to sign a lease with me at 39 years old. I make a decent living, but my credit got ruined in a second with covid income losses. I don’t want to scare you, but it really is this bad, and I wish I had asked for help from anyone sooner. I tried to make it work on my own for way too long and almost didn’t survive. 😞
They want you to live in corporate owned apartments that raise the rent every time you renew a lease.
@@InternetUser._ they doubled my rent in 2022 and I ended up homeless because of it. I am one person. I cannot afford $3800 a month.
In the ghetto’s
I can relate
People who own Airbnb’s don’t live next to them. They’ll tell you short term renters are better because they can get rid of them if they are bad. The hypocrisy and greed are nauseating. Pure greed.
Where I live, there are a lot of stores n restaurants 😂😂 go San Bernardino county 😂😂
It’s even more clear in rural communities close to ski resorts or national parks. There’s often no housing available to rent long term, period, because all the available housing is short-term.
Exactly. Happened to be looking at a job post the other day in the Lake Michigan ish area, sort of a summer vacay/resort area I guess, and as I normally do before wasting my time tailoring a resume for a job I’d be relocating for, I glanced at the apartment hunt websites for that area.
There were four results WITHOUT my ‘in home laundry’ filter. Three of them would only be available until about May, so about two 1/2 months from now, when peak short term rental season commences there. So, while the places were relatively reasonably priced compared to where I am now, what exactly would you do once you’re forced to move out in favor of the vacationers? Hope to find something else in the area that’s affordable, available, and not going to boot you again when the season changes? The ones that came up weren’t even all that close to where the job would be, so 20min MI winter commute eventually, on top of housing uncertainty. Needless to say that job posting was closed all too quickly.
I just moved to the Smokies for a new job at a resort there. This is so true, so few houses to buy because they all turn into short term rentals.
And I’ve even been in the situation where I’ve tried to ask if I could rent long term from any of these Airbnb hosts when I was trying to find a place to live. They wouldn’t let me rent unless I paid up front in full. I was paying month to month, and they would kick me out whenever someone else would book for a weekend. It was horrifying.
Yup. I am right smack in the middle of Disney & Universal Studios. The only long term apts (new or not) are luxury. There are only 2 rent restricted complexes. The waitlist all around Florida is 2 yrs. They won't even open up section 8 vouchers.
That’s fine. You’re not entitled to live in a ski resort on someone else’s property. The problem arises when suburbs of major metro areas have home and rent prices double in 4 years and they have more Airbnb listings than MLS listings. It’s proof that the market would be cheaper and more competitive if there was no AirBnb. You don’t need to rent in aspen. You might need to rent in the woodlands Texas or palm beach Florida or Dayton Ohio. Those are job centers 🤷♂️
Years ago I was an AirBnB host. I had a spare room and did not want a permanent roommate. It was listed for very short term (1 week or less) and mostly it was nice to have a guest once or twice a month. If I had company coming out of town or needed the spare room for a project, I could de-list it on the website. Most of the listings in my area were same story as mine - a spare room or master bedroom. But then more of the AirBnB rentals in the area started becoming new studios out of converted garages - or worse than that they were entire luxury=like units with no owner onsite. Its definitely affected long term rental market here badly and the initial purpose of AirBnB really lost its way in all the greed.
I used Airbnb but I stopped because I realised that by using them I was depriving ppl of a home. I now stay in hotel apartment when I travel. They are same price and don’t have all the crazy rules and cleaning fees.
@@dianacasey6002Can you please expand what you mean by hotel apartment? Do you mean like Extended Stay types? If not, how do you search and find them? I typically liked Airbnbs bc there was a real freezer, fridge, and microwave. But if there’s an alternative, I’m willing to try it
@@hynnow18 I suppose it depends on were your from, the Sunshine Coast and many other Australian holiday destinations have complexes that have always been hotel apartment’s not private accomodation. They are excellent and there is no funny rules and key problems. I don’t know about other places sorry if this doesn’t help.
Indeed, there are "apart-hotels" for those who say that they cannot stay in hotels because they have kids, need kitchens, etc. I stayed in a similar location, but as I was 1 person I chose a room. It was with a kitchenette, fridge, a desk for work and high-speed internet. There was a bigger communal kitchen in the building, if needed.
I will never stay at ABNB
As someone who lives in a rather famous tourist town in a region whose main economic driver overall is also tourism, AirBnB and similar rapid rental services are simultaneously bleeding local communities dry by driving up prices and killing local hotels as well. The public school district here has downsized multiple times in the last decade and a half because nobody can afford to live here anymore-people are moving out.
Oh hey the video is literally about the Hudson valley region. I… really should’ve seen that coming.
I live in wolfeboro NH on lake Winnipauskee and it’s driving up cost here, also the street I live on use to be family homes now just about all of them except mine and like 3 others are airbnbs
Problem is that this is allowed in too many places. In California, the cost of housing is ridiculous, be it buying a home (it's common knowledge for long-time homeowners that, were they to try to purchase the house that they own TODAY, they most likely wouldn't be able to afford it - not by a long shot) or long-term renting. Yes minimum wage IS higher in CA, but still not nearly enough to be able to make rent in many cities. Too many homes are bought by corporations and many are used for things like AirBnB. There should be zoning for homes used ONLY as short-term rental in every town, and nowhere else. So, in a regular residential area, that should just be illegal. (And make it a SMALL area, halfway decent, close enough to shops, conveniences and some touristy spots, but not in the BEST areas, since those should be for residence, nor too close to an area that have a lot of small, local businesses). "Regulation-Free" is the problem. We need much more common-sense regulations in this and more industries.
If AirBnB denies data or otherwise refuses to cooperate with cities, then that city should be able to simply BAN ANY short term rental outside of actual hotels and motels. It's time that government regulated corporations, not the other way around.
I agree with lots of your comments, here is another perspective at least here in CA. We rented the other side of our duplex long term to a guy for a really fair price, who during COVID immediately quit his $45 an hour construction job stayed home payed nothing, rent, utilities etc and worked on his truck for 18 months. The state would not let us or anyone else in our situation evict them, I am just a hard working guy who drove off to work at 6am knowing I am paying everything for him. Today we short term rent the place and would never go back to a long term tenant, I am not in love with it but its way better than having to endure that again and many of my neighbors are doing and say the same thing! Empty or just family and friends staying is better than long term in CA so if you are looking for the problems many of which you stated are true be sure to include this because it is huge.
Portland OR. got a handle on ABNB years ago. You can rent a room only if you live in the residence.
That shit hole city doesnt have a handle on anything. Piss shit, homeless and opiates. But hey, at least they limited Airbnb
Market restrictions like this, even if they seem like a good idea, usually just cause market inefficiencies. If some one owns a unit and wants to rent it to someone forr a short time, why shouldn't they be able. The free market is a good thing. The predatory nature come in the monopolizatino of land by land owners. As long as the value of land is taxed away, let the owners do as they wish with the land so as to maximise the ability of the free market to maximise value. The LVT to properlly compensate society for the land kept from their use.
I just rented an airbnb in portland..single family home. Owner did not live there..always a loop hole
@@RavenMyBoat, You're braindead.
In our small tourist town, affordable housing is the biggest need. Upgrades turned into B&Bs make more money. Transient visitors looking for us to entertain them, not invested in community maintenence and well-being, it’s getting outta hand.
So issue a bond and build some?
The problem here is often zoning restrictions. If there is demand, people will want to build higher density housing. Another major barrier is the lack of land value taxes allowing land speculators to keep land unused because it is sufficently profitable to hold the property until the land becomes more valuable. This is the problem that georgism addresses. Georgisim is, imo, the only fair way to tax.
That's literally why you shouldn't live in a tourist town. Maybe don't live there? I know for a fact you could move somewhere else and instantly have more value for your dollar. Stop blaming people for your lack of ambition to make your life better.
@@rickwilliams967 You assume a lot. Maybe she has a business that caters to tourists, maybe she's lived there for 25 years. Nothing says she has a lack of ambition. Affordable housing should be a concern for everyone.
My town has a housing shortage. Some of it is probably Airbnb, but I think most of it is the lack of affordable housing. It's just not being built. Most of the new housing being built is for upper middle class folks from a nearby major city of which my town is a popular suburb.
An $800 rent increase?!!! That is not exactly a happy ending.
A similar situation is happening in cities like San Diego, where corporations are buying homes and adding second homes on the properties called ADUs. It’s time somebody investigate this as it’s also causing property values to go up even though they claim that these ADU’s are “affordable housing“ whatever that means, it’s not
They have just done the same in Denver, Co. Everyone is trying to have the laws changed for AB&B’s, even Congress is trying to pass a bill on it!!
This guy is spot on! A B and B should be defined to be an owner occupied dwelling, renting no more than four rooms for less than 31 days. Otherwise it is a long term rental or a hotel. The model of "disruptive technologies" such as Airbnb and Uber, is to offer the same service that is being offered already, only without the safety of the regulations by "redefining" the service.
I know that most videos on this channel are a big bummer…so let me share a HAPPY story on this topic.
A small, but not inconsequential number, of college students flood into my town every year. And this small town doesn’t have much in the way of rental stock. So if there was overflow from the dorms at those two colleges (we have two colleges!) most if not all of the available rentals were gobbled up. And some of the regular housing market was too, by the colleges who bought up houses nearby their campuses. The town knew that it was just a matter of time before folks were going to start short-term renting with whatever land they had (or could grab) and horrible spiral down would begin.
So the town put in some regulations on short-term rentals. And one of the colleges made some bigger dorms. To raise funds for the shiny new dorms, that college sold off their properties in the town. And that freed up the small house that I bought. I’m gonna retire here.
Regulation works!
congrats
Corporate greed is another factor in driving up the prices of homes. Some corporations have 1000’s of homes and are constantly buying and driving up prices.
I love how the new economy high tech companies don't think that the old rules apply to them!
I used to work near an AirBnB back in NOLA, the hosts didn’t know, that when they run an AirBnB they have to run it like a hotel. Most are disruptive to everyday local and resident life from increased rents, illegally parking on neighbors’ driveway, security issues ie strangers or shady people near the residents’ home, trash everywhere, vandalism, etc. Those hosts and developers have no idea how to maintain and run the place.
Airbnb needs to become illegal. We have a HUGE housing problem and homeless problem in this country.
Airbnb should be forced to go back to it's beginnings, where people would rent an extra room in the place where you live. And are not there when the guests arrive, it should be illegal.
airbnb needs to GO, full stop. No more greedy owners or institutional investors.
Besides, air " b and b" does not serve breakfast!! It should just be air B
holy fuck your right
@@Akac3sh 😊😊
I mean sometimes they come stocked with food. Or if you rent just a room I'm sure the host would have breakfast with you 🤷♀️
@@gabbycurtis6965 awkward, but I guess that is breakfast
@@michah321 I mean traditional bed and breakfasts are kind of awkward too.
Airbnb used to be good but not anymore. I'm back to hotels.
Several southeast Asian countries are now blocking Airbnb which I support.
Only you are. Airbnb is still cheaper n keeps greedy hotels in check.
You forgot to mention all the hedge funds buying up residential properties and how much they currently own.
Yep. Biggest crime spree in America right now.
$800/month increase!! That's more than many people's total monthly rent to begin with!!
I'm so happy that British Columbia is banning these kind of short term rentals.
Airbnb destroys neighborhoods
Greed destroys everything.
Love of money is the root of all evil, and all that. 😬
Greed, pride (status), gluttony, and envy are the true roots of evil
@@MrStark-up6fi I like how you clarified right off specifically pride as status because there's also pride in accomplishments which isn't toxic. And you're right, all these things are enhanced forms of selfishness, which absolutely does hurt everyone around them.
I rent about 100 airbnbs a year as i travel for work...soo much cheaper then a hotel. Hotels need to get cheaper. Between the ridiculous parking fees, hotel tax fees etc. I cant afford a hotel. Airbnbs are cheap and you get the whole home
I have done contractor work in about 100 rental homes. The most desirable rentals are the small cozy getaway homes. The same properties that normal people are struggling to buy. Capitalism is the closest thing to an unstoppable force we can imagine.
I had a friend tell me how he planned to turn his home into a BNB even though there's no real reason for people to come into our home town and I know the neighbors would hate it.
in our current society model...
you can't have rich without poor
you can't have power without followers/slaves
you can't have a great nation without having many other starving nations
you can't have an advantage without others being severally disadvantaged (no regulation)
The current model very much is win/lose and that's why I don't support it. There's no reason why everyone can't benefit at the same time. I'm not saying everything will be perfect that's impossible but I literally see no good reason why all business transactions shouldn't be required to be win-win & all workplaces shouldn't be required to be win-win and meaningfully participatory.
Imagine the benefits this would bring to society if we had a simple paradigm shift. What's wrong with a value system that demands that everyone benefit? I mean why are some people entitled to "win" but because, I don't know, the universe doesn't like them or they're less worthy or they're the the wrong race or color or ethnicity or class, others are just "born to lose" and they just have to suck it up and accept it? No way that is not my value system I'm not going to accept that. And for some people that can't seem to get it, it doesn't mean that we're all going to live like rock stars or everyone's going to have the exact same level of wealth that's impossible and I wouldn't want that, it's that the fundamental business model needs to switch from win/lose to win/win, same as the workplace, whether you're in the public or the private sector. There is no reason why everyone can't meaningfully benefit from a particular arrangement. In fact in my opinion, it's not an ethical arrangement unless everyone does meaningfully benefit.
Maybe some will benefit a little bit more than others that probably can't be helped but there's no reason why everyone's basic interests can't be looked out for, this includes the public's and our communities' (our collective health and our physical environments)
I don't need to go too macro but just imagine if we had a positive mindset towards other countries instead of an exploitative one but that's getting into a bigger political issue. But you all can see where I'm coming from.
That's capitalism
That's exactly what I'm writing my book on. We demolished monarchy just to have a new name for it under capitalism
@@leeannarose6384 exactly.
@@Krill_all_health_insuranceCEOs well said!
This is such a terrible hit piece on Airbnb. The data against Airbnb is so insignificant. Regulation should exist to prevent bad and neglecting hosts from offering poorly managed homes, but STRs are not the main cause for rent increases
I see the regulations as a good start but it’s only dressing a bandaid over a shotgun wound. I don’t want low income communities to have access to housing, but it’s shitty, decrepit, and falling apart housing. We need a public housing system that addresses the shortage problem and subsidizes housing for basically everyone. You can have nice quality housing without it being overpriced and out of reach.
Absolutely
Airbnb problems for cities w/o sufficient affordable resident housing. Use eminent domaine to reclaim these 'vacation' homes.
There are almost 30 times as many empty homes as homeless people in the U.S. We don't need more houses, we need less greedy corpos buying up houses.
I looked up Airbnb in my area. THANK GOD it is between 80 and 90 percent lake cabins. These are mostly unoccupied most of the year, anyway. Our town population quadruples in the summer historically. They up the price of gas and groceries. Looks like it doesn't affect our rentals. I did notice on Zillow that the prices have skyrocketed on lake properties, though. But long term resident's don't really purchase those, anyway. Those houses are four times and mire expensive than a house just a few blocks off the lake or in rural areas. The rich have dominated our lakes for decades.
I had a really bad experience with Airbnb and will NEVER use them again!!!
Why would you stay in a sketchy apartment when it costs the same as a clean ( hopefully) hotel room. Its not cheaper
Not anymore. And as we get older and need things to be more accessible, hotels with elevators or first floor accessible rooms are much better for us.
@@TamarLitvot that makes sense. But I trust regulated hotels over people's houses any day
@@michah321 I agree. And also I've heard that it really hurt the unions in Hawaii when the AirBnB and VRBO etc took off and the housekeeping people ended up being contract employees with no benefits.
@@bernadetten.8751 in that situation I could see it.
I'm actually quite surprised. All these airBNBs are commercial ventures.... the land these structures are on is not zoned accordingly. How is it that the municipalities are not requiring these commercial businesses to tear their business building down and build a dwelling consistent with zones requirements for the area????
Easy fix if you ask me.
Whether it's the sole cause or not, it is a cause, and they won't weasel their way out of this one. Ban or regulate short-term rentals.
Market freedom is a good thing. People should be able to serve markets. Jus ttax land and do zoning reform to allow denser units and more mixed use. That will fix the problem and allow more freedom for people to do as they wish with their land.
I'm not against Airbnb as a concept, but the company needs to respect short-term rental bans wherever they exist. They should not be above the law. If my HOA forbids me from renting to long-term tenants with the threat of legal action, why aren't short-term rentals treated the same way?
I oppose HOAs as deeply criminal vile entities however I understand what you're saying. These Airbnb host / owners should definitely not be above local law.
Don't bother quoting HOAs, that's like using Satan as an arguing authority
It is very inspiring to see that people are making a difference out there and that, hopefully, things may start getting better.
I’m in Florida and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal portfolio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $350k since then.
@@hunter-bourke21I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?
Definitely! All of this happened in less than a year after *Izella Annette Anderson* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.
Thank you. I will search on her site online and do my due diligence. If She seem proficient. I write her an email and scheduled a phone call
Econ 101 says if you reduce the supply the price goes up. It’s pretty simple.
I lived in Beacon (other side of the bridge) in the '80s. Upon returning to visit the one friend I have that still lives there, I was simply astonished. What was once a very modest, picturesque small town has been turned into a facade of fake businesses and fake affluence that can only exist because these real estate/financial frauds have managed to churn the whole region while forcing the people who lived there for generations and built the "vibe" the parasites sell, out of their own community.
Literally everything is far worse and costs at least 10X as much.
And when people notice that they're paying way too much for nothing special, they'll move on and another American town will sink into the toxic swamp that the financial industry created.
Too Big To Fail is too big to exist.
just wondering about the 10x price increases...you lived there 40 years ago, so it makes sense that things have gotten more expensive. It's inflation. Are you glad you moved or do you think it is still a good place to live?
@@goldbrick2563 I'm not the best person to ask since I didn't like it enough to stay there, then. I was transferred to New York from the west, and after < 2 years jumped at the chance to get away from the east coast.
$800 monthly increase means they are paying $10 000 more every year..wow that’s a lot!!
Thank you for this very important episode.
It needs to be regulated. It’s out of control everywhere
It would be cool if communities could do housing co-ops. Instead of companies or rich people buying investment properties, allow the community already there to do it.
They could set up an infrastructure that provides affordable rentals with programs for home ownership (which creates buy in to the cooperative).
Neighbors could have incentives for keeping properties maintained, upgrading homes to renewable energy, etc. Monies would be put back into the community with the neighborhoods being the shareholders who receive benefits back for their own mortgages, taxes, maintenance and upgrades.
It would be a complex program and would need loads of thought. But that would help way more people and revitalize cities without displacing residents.
Right now, affordable housing programs really only profit developers and landlords who already have money.
Sure, they provide rental payments for low income Americans, but rental money goes into the pockets of somebody who already has money, usually. They get to use that money to pay off the mortgages and pay the taxes for that rental property and then still have a large profit so they can invest in other properties. Meanwhile, the individual who is low income often stays at that level. We are so opposed to giving “free, handouts“ that we in advertently keep people in poverty.
I mean, if the parents in that family cannot rise above their circumstances, and actually purchase a home, it is a barrier to generational wealth. They can’t take out equity mortgages to help their kids with university, make a down payment on a home or have funds for an emergency.
If only HUD had more programs that created better pathways.
The cooperative housing I’ve researched are also not affordable - where I’m at, it averages $600K+/unit.
That's a wonderful idea, but America doesn't like socialism for some reason
@@The_left_hand_pillarthat is definitely not true. Only the extremely poor benefit from housing programs, and waiting lists in most places are years long. Working class, which use to be middle class, can not afford to own a home and save money for their kids or their retirement because even though we make the money we make it's not enough. On top of that they say we don't qualify for assistance because we make too much money. Up until the 90's your statement would have been true, but not anymore
@@leeannarose6384 wouldn’t it be lovely to have universal healthcare too?
Outlaw air bnb. It's a matter of greed.
800 more in rent is insane.
I'm so tired of landlords being greedy.
We need a regulations on Airbnb and significant rent control everywhere.
What seens is that Air bnb at the begining was a good idea, but in long term it causes the downtown cities crysis. To me is become clear that the whole big tech economy is good in short term, but is bad in long term, we think the big tech economy is here for a long time, because our notion of time are manipulated, but is a young economy model yet, and the results are the same everywhere. Even here in Brazil, specially São Paulo, the big tech model are lowing the consuming produts but raising the services. So rent here is skyrocketing, many tech companies are buying other business. Here in my town Cajamar, and Santana de Parnaiba, a lot of bigh tech companies occupy large portions of land, because of low taxes. In short term all that is good from both cities, citzen are getting richer, but just in 10 year now, the bad long-term problem are showing up. The big companies don't help with cities infra structure, so we now are facing a lot of problem, the hall give preference to the companies to sell or rent land, but not for building houses.
Wow crazy that is my hometown. That theatre was abandoned and ran infested when I was a child.
I live in Baltimore County, MD. I am grateful my rent is not jumping up as high as the gent in the video, but it is still jumping. My rent is jumping $200 a month starting May. There are no affordable apartments that are in a safe area near me. Even with the minimum wage going up to $15/hour, it is unaffordable for low-end income earners to get an apartment. And there is no money available for Section 8. We are using savings and are looking for options to increase our income, but it is very hard. We have lived here over 13 years here. We are making an escape plan to find a more affordable home.
Wow that is shameful. You should not be going through that right now. For such a long-standing tenant shame on your landlord for not working with you. They don't appreciate any goddamn body.
Without rent control this problem will just continue.
I don't mind landlords making a reasonable profit but I know they're going way beyond that. They should not be able to set the cost of rent!!! Absolutely not!
City leaders complain about homelessness but do nothing to make sure people can stay in their homes. The public management in this country is broken.
Maybe you guys can swing an extra $50 a month but not 200! Perhaps you should ask them if they'll work with you. But if they won't, shame on them. You deserve more appreciation for being a steady dependable tenant for 13 whole years.
Rent increases on existing tenants should be very limited. People's incomes rarely change meaningfully. No one should be priced out of rent. If a LL wants to charge more to new applicants fine but existing tenants deserve limits. People shouldn't have to uproot their whole life just because they can't come up with a significant rent hike, especially if that person is low income. There should be protections against that.
AirB&b isn't really worth it anymore. With all the fees and owner chores I'd rather just get a hotel room or such.
Same thing happened to my sister. They bumped the rent up $800. She rents a mountain cabin and go anywhere else because of the 3800 vacation rentals in the small city.
One of the ads shown before this video was for VRBO (fancier Air B&B).
Thank God 😭 we severely needed rental help
Show up to your city council meetings, ask them to ban airbnb
Show up to city council meetings, push for Unions buying homes, rent them out at lower rates.
Hotel lobby is very actively working on spreading anti- Airbnb. They are the ones who lost the most. I have both annual renters and Airbnb . Both are good. It is an investment so as a landlord I’ll try to maximize profits and provide value and help in built a community. I have good long term tenants too. If you have multi- units then it is better to have long term tenants. Annual lease rents have gone up because of building maintenance costs.
My parents left Stonybrook NY for FL in 1993 because the taxes were just insane. Moved to a small farming town surrounded by orange groves and cattle pastures. Now its practically just an extended area of the big city shits crazy.
they should move back to stony brook, its still the same and better. they will have to deal with the taxes but it is nicer that the florida area you are describing.
@goldbrick2563 well we own the house down here and my dad passed away years ago so that just isn't an option. I appreciate the update about Stoneybrook though.
@@worldofdoom995 sorry to hear about your dad. It sounds like the hard decision he made in '93 to move away was the right one for your family at the time and it was a great time to be in Florida, too. Definitely the North Fork area has a high standard of living and doesnt face what other parts of new york face as far as homelessness and crime and drugs and sprawl and density. But it is expensive obviously. I'd take florida weather over new york weather any day (except the summer months lol)
Airbnb deliberately overlooks host irregularities because they are listed and need to make money. I was once scammed by a owner for 1200$ who had hidden away the non-refundable clause (this is before the airbnb provided insurance for such things) and i somehow missed it. Another time when the actual location of the rental was like 5 miles away from the one i booked . The best way to beat airbnb is create a rating system by users and bluntly be critical of hosts which are fooling both airbnb and guests.
I say tax the $hit out of them to where it's unprofitable along with making banning anonymous real estate purchases through shell corporations.
That’s not smart at all that will make it hard for people to become wealthy . Also more Tax’s less money for you it always goes down to you never forget that
It would be awesome if things started happening to all Airbnbs across the country making them unrentable.
Taking more potential housing off the market? Why? That would only benefit competing real estate speculators.
The business model of hoarding homes, driving the biggest bubble in history and trying to extort people to live cannot go without very nasty consequences.
Givers have to set limits because takers never do.
Actually airbnb is gradually being exposed I don't think it's everywhere but airbnb are showing two types of fees first set of fees are shown when place my reservation and the 2nd set of fees are finally shown on the day of use when it's too late for find a better deal at a hotel
Not true. Stop spreading misinformation. You will still use bnb despite all wining 😂
Airbnb is good as long its your primary residence. Investment properties use of airbnb should only be banned
I gotta say go Murray, that's some serious work. Thank you!
I just want to know where the gentrification stops. “Improving the neighborhood” …. You can’t improve any more neighborhoods if none of us can afford to live and work in this country. I get cleaning up drugs or crime, but displacing hardworking Americans has become the goal of these cities in the name of profit at this point. It’s disgusting.
I'm currently using AirB&B as an intermediate term housing for an internship. I need a place to stay for less than 1 year because that's how internships work, and renting/landlords were not interested, so I ended up renting an AirB&B instead. It's approximately the same price as rent, but the rented space is only one room instead of an entire home. If my city regulates AirB&B rentals, I would be unable to find housing. I think AirB&B needs a competitor, and regulation might help with creating a niche where a competitor can coexist with regulated AirB&B.
The story of capitalism is essentially a cat-and-mouse game of business excess/abuse and regulation to hold them to account. I used to think that Peter Drucker's idea of businesses and organizations policing themselves lest government step in to do it for them was possible, but I now think that businesses the world over have pretty much given up on this idea, especially when there are competitors in Asia that get ahead by being as apathetic as possible to fellow humans.
Also: There's legislation in CA that is proposing strict limits on short-term rentals.
Their complaint is a double edge sword, meaning, when they go on vacation to other areas, they will face similar complaints and regulations, which cause them to use more (potentially) costly lodging options (i.e., hotels/motels/etc.).
Yeah, not using Airbnb and the like. They r partly to blame for the horrendous prices to have a home, own or rent. 😐
All cities have to do is charge the same tax on Air BNB rooms that they charge for hotels, Make those owners pay their fair share of taxes juts like hotels do. When the Air BNB rental with no room service, no maid service & no amenities costs as much as a hotel room, the public will stop using Air BNB.
Many ABNB listings are already as or more expensive than their local hotels. And people still book them, though it has discouraged some.
If hotels would put in kitchens, it would be over for airbnb tomorrow
No it won't since hotels are shit expensive. Look at whats happening in nyc after banning bnb. Hotels greed shoot to another level
The fact that anyone can buy a house as a """side""" hustle is insane. I don't know how people do things like this without feeling like absolute shit.
Unfortunately a lot of them come from backgrounds of privilege and lack empathy. There's a dedicated section of Tiktok where people brag about how much they make off of being landlords, making airbnbs, and kicking out single mothers for content
That is a significant oversimplification.
Currently it is very difficult for "anyone" to purchase a home. Even if you have incredible credit score you'll need 20%+ down. If you don't have that your blocked out the gate. If you do have that you can expect thousands in closing fees and outrageous interest on your very high payments. If your plan is to bnb then you better have a well oiled strategy with many clients booked immediately. (Good luck)
@@j.jarvis7460 These are not individuals who are buying these houses, who would be affected by the factors you mention. These are banks and investor groups, who have no problem at all buying these properties.
Maybe unions can build homes, sell them at cost.
@@danpress7745 that is the most uneducated view...
I just saw a Business Insider article positing that the housing crisis in Steamboat Springs, CO is being caused by “remote work” so out of curiosity I looked up how many Airbnb listings there are. There were well over 1000, and if I felt like digging more into the data there I’d have to bet that remote work has little or nothing to do with what Steamboat Springs is going through 🧐
Thank you for your work!
I do agree the airbnb’s are definitely an issue for Newburgh but moreso its the lack of more large scale apartments and just the zoning overall. Similar issues for any of the other towns surrounding the area too. Far too much single family homes worth hundreds of thousands of dollars. Rhinebeck, Kingston, Poughkeepsie, NewPaltz etc
we hear these constant excuses
building new houses takes years
permits are needed
regulatione are making things needlessly difficult
bureaucracy having their greedy hand in everyones pocket
who clearly benefit from the constant delays and time stretching
meanwhile weve bein hearing for years about 3d printers that would be fast enough to build entire houses in mere days and could fix all of these problems easily
so why isnt this happening ? whos stopping all these innovations that can actually help common folks ?
As a traveler : I usually prefer any hotel (even 2 star will do) but past few years even shithole hostels raised their prices unreasonably . That automatically makes me look for alternative measures such as Air bnb (which is pretty expensive too) .
As a landlord : extremely high price for the property , rising property taxes, rising maintenance and hoa fees leave me no choice but to break down my house by rooms and rent each room separately just to cover the mortgage . I don’t Airbnb my property simply because it's not desirable area. Airbnb property is huge headache to maintain , it’s not a gold mine and landlords are not demons (in most cases)
We have these things in my neighborhood. My house value jumped $120,000.00 because of their presence. This translates to higher property taxes.
Air Bnd needs a national ban, Housing insecurity is a national crises
Who wants to short-term rent in Newburgh? There's nothing interesting there...
its cheap and close to nyc.
love it when they evict a tenant to turn it into an Airbnb and then it sits empty most of the time earning them nothing LOL
It's happening everywhere. In AZ they are building like crazy, there are many new huge apartments complexes everywhere. Rents are up by 2 1/2 times in a little over ten years. I can see a crash coming from a mile away
Same in Salt Lake City!