Greedy indeed, while trashing their neighborhoods. Thank you for making me live in a neighborhood that caters to overnight guest looking for a good time.
@@KartzchenI own a camper. We regularly visit Southaven Michigan. This year I was horrified to see how many homes had vacationers sitting on the front porch and lawn drinking in the middle of the day on a weekday. Currently, these cities r passing legislation to combat this. Clearly, these rentals r owned by heirs that have hardly worked in their life, trashing neighborhoods they don’t care about. Lake Michigan properties a block or two away from the water are fetching a million dollars cuz of Airbnb 😂😂😂. It’s all gunna crash, and I can’t wait. I have never rented an Airbnb, never will. If I can’t camp it, or boat it, I will stay home.
@@Kartzchen True, it isn't only the prices and the evictions, there's also the degradation when too many tourists (especially party tourists) congregate in one place!
For the last several years we’ve stopped using vrbo and air b&b because the hotels are a better deal. Most of the new hotels have kitchenettes, everything works, and you don’t have a task list of things to do before you leave.
@@micker9830 I can tell you have Airbnb listings. Hate to break it to you but thanks to the Airbnb service charge hotels will always have a pricing advantage and they have been much cheaper for at least the last two years.
If I needed to be using a kitchen and washing machine I would stay at home. The point of a holiday is change and a little luxury. Like not having to do the washing up.
Say that again if an Airbnb is right next door to you with strangers and loud crowds come and go, placing their trash bins on your property without regard for your peace and comfort. I bet you feel differently if you have to live right next to one.
Yes. The lady next house over did AirBnb for a few years. Most guests no problem. Some were loud and had friends visiting and partying. We work early AM and were annoyed
Well...yes and no. Did you know that people that rent Airbnbs spend 2-3 times more than people that stay at hotels? That's good for the local economy and jobs.
I bought a house with the intent of living there and renting the rest of the property out. It was regularly a disaster! Badly behaved dishonest renters and AIRBNB was completely unable to mediate or resolve issues. I was accused of raping someone because she would not leave my home after three weeks and didn’t want to go. So, to punish me she accused me (a gay man) of trying to raping her. She didn’t pay a penny for the month she was there, AIRBNB refunded here and I had to have state mental health come and remove here. This is one on of MANY unacceptable interactions I had with visitors. I will never consider doing it again
This is why a detailed background check (by you not the agent) of all renter applicants is essential, which is difficult to do with short-term holiday renters.
In some big cities investors bought whole floors of building and rent them out AirBnB, while local people can not find an apt. to rent long term. It has pushed up the rental prices so high it is out of control.
Airbandb/short-term leasing is not the only thing pushing prices up. My city, Montréal Canada, has severely regulated short terms, there are very few available. Prices are going up anyway (and up and up and up) inflation caused by government expansion of the money supply is causing all prices to go up. And then growing population due to immigration. They’re topping up Canadian cities.
Even though I have never been real estate savvy, I knew Airbnb’s were not a good idea just like I knew getting one of those easy homes in the early 2000s also was not a good idea I remember in the early 2000s when everyone was buying a house, a coworker told me that I could buy a house for less than where I was paying for rent. That was easy for her to say because not only did she have a full-time job in a higher position. Then I was in which means she had more money, she was also married to a fire captain. She had two incomes and I was a single parent with one income. Fortunate for me, I don’t take financial advice from People who are not risking their money. Of course, eventually, the housing bubble burst and so many people who got the easy loans ended up in bankruptcy or foreclosures.
The solution is to draft a Constitutional Amendment allowing short term rentals and requiring cities to expand trailer and camping parks. Strict rules keeping these spaces clean and s safe would necessarily be drafted with video surveillance used to discourage rule breaking and a 2 strike your out rule with proof of previous living domicile required to secure spaces. Parents would be responsible for their children's rule conformance. Their would be reasonable but strictly enforced space and room requirements for numbers of people in a domicile and tents would not be allowed. Rent would be required to be paid on time with a single infringement resulting in removal in two weeks late or no payment. We need places for the poor to live period.
You forgot draconian rules. "don't touch the thermostat!" "don't use the washer/dryer!" "you must clean AND pay a cleaning fee" "you know with the b.s. fees, a hotel is cheaper and fewer rules" Unless you have a large family group, it's less hassle and less expensive to go to a hotel.
Yep that is my experience plus add host living in basement while doing massages for money not creepy at all thanks for not informing us and letting us find out and then you offered our wives and girlfriends massages while on our skiing weekend. Short term rental apps have a stink on them.
Yeah I was asked to take the sheets off the bed and put all towels etc in a bag by the door and I’m like, yeah that’s 30 seconds work, but I’m also paying someone to do this and last time I checked I’m on holiday so…..no.
The horrible inflation of the past 4 years and the weakening economy with layoffs haven't helped it either. Speaking of higher rental fees in general. I read a couple of articles that quoted people about why they took the family to Italy for 10 days instead of renting their usual beach house on the Outer Banks. It was cheaper to fly to Italy for a vacation.
In the early years when interest rates were 0 and investors were desperate for returns they are willing to invest in unicorns that have negative cash flow simply on speculation bet. Now that interest rate is 5% all these unicorns like Airbnb have to demonstrate returns for their investors so naturally prices go up
I will never, NEVER ever stay in an airbnb or rent one out. I hate the whole concept. I hated it the first time I heard about it, and I hate it more now. This video pretty much confirms what I always thought.
I stay at hotels because they are in the business of renting rooms, its not just a side thing. I also take taxis over uber and lift for the same reasons.
I used to love Airbnb 15 yrs ago when it was a niche alternate idea. Now that it became a Wall Street conglomerate it entered a doom loop. It is a victim of its own success. Eventually it will collapse or revert back to a small niche idea only a few people use.
The niche thing is already happening. Brian knows they need people with unique spaces because people want to play pinball, arcades, swim in your backyard salt water pool, etc. We used to do extended stay with basic accommodations. That doesn't work anymore.
They used to be good but Airbnb think they can charge hotel prices and then ask guests to do chores and still be left with a cleaning fee. Also more often than not some of these short term rentals have the cheapest crap in there that it makes a Hilton Garden Inn feel luxury. Towels aren't the cheap Walmart kind and sheets aren't thin microfiber pilling sheets. And I do wonder if a cleaner really does do anything beyond sweeping and putting things away like the broom.
I was staying at an Air BnB room in Sydney, when I was woken by the owner's young children crying at my door in the middle of the night. Their mother had gone out all night partying and they were scared she wouldn't come back? When I contacted Air BnB to complain about this problem they refused to take action. So I contacted the Principal of the Primary School where her children attended. He contacted Child Safety, saying he had multiple complaints from their neighbours, about the mother's neglect and abandonment of her children.
@@HeartandSoulAroma Airbnb is another way to come into contact with the shit show that is humanity. What I learned from traveling extensively as a young man is that it is better to stay home.
We had one in Cathedral City CA, two doors down from our rental house in a residential community. The kids they rented to never paid attention to noise regulations. Constantly we called the cops. Ultimately Cathedral City banned short term rentals. By vote. I don't think the owners of the property were from the US. Many Air bnb suck. Glad to see them closing up shop.
@@dangerjones6 Here's the reality, the facts are people commoditized it. They bought any property, had no real niche/value prop/strategy and just listed it to receive leads. When you own a business you need to know how to market, lead generate brand and strategize to position your business for success. It is.was a race to the bottom for most owners who just listed their properties on Airbnb.
Imagine the balls it takes to demand cleaning up while getting charged an additional cleaning fee. “This property is $120 a night, and cleaning fees are $219.”
If the total nightly cost (with all fees included) is less at an Airbnb than I stay at an Airbnb. I typically stay at Airbnbs as they are less expensive, and offer so much more.
Airbnb management fee's were a big killer for us and our customers. 2nd thing, after hosting for 7 years we found that the guests were becoming more abusive of our rental and when we tried to charge them $40 for 2 hours extra work of cleaning dog barf and coffee stains, Airbnb would not stand behind us and charge the guest for our time. This was the big game changer for us. We ran into steel pins in our carpet, coffee creamer stains in the carpet, door left open while furnace or AC was running, trying to cook over a propane fire pit left a huge mess, running the fire pit for 10 hours, cleaning out the soap and food amenities is just a partial list. Wife did the management but got to a point where wife and I were making less than $10 per hour and we did our own cleaning. ON a good month we would make $500. for 60 hours of work.... Lot of sales hype from airbnb but no $$ in our pockets so we quit.... won't do that again.
People don’t treat the rental with care. Most people are not nice. We had a house in Florida for short term rental before Airbnb and we got out. Sold the property. Renters left tennis racket at bottom of pool and it rusted and left a rust outline of the racket. 😞😭
I used to rent regularly from Airbnb, but prices have shot up too much. The exact same property that I used to be able to rent out for $200 a night is now asking $400. No new amenities or extras, exact same property. In fact, it is now more beaten down than before.
You know why don't you? Property taxes doubled and homeowners and flood insurance in the rental beach areas have trippled or quadrupled. Paying 16k a year just to insure the place and 10k in taxes will make the price go up. No different then of you own the home and live in it you will see those prices go up for you. In an abnb they pass the cost on to the renter so they are not losing money. In this massive inflation economy of Biden Harris that's the new reality. Vote accordingly
Mortgage rates are currently at an all time high since 2000(24 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
The stock market is no different, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
Where may one locate a wise FA? Even while I like the idea of using their services, it's unfortunate that recent stock market catastrophes have started to happen more frequently.
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Jessica Lee Horst" I've worked with her for some years and highly recommend her. Check if she meets your criteria.
Accountability is an assumption when you stay at a hotel. It is not something you can expect with AirBnb owners or management companies. The last thing I want to deal with on a vacation are unsolvable problems at my rental location. I had multiple nightmare situations with vacation rentals over the years. Never again.
While I don't want anyone to lose money, I HATE Airbnb! I don't like what it has done to neighborhoods in nice areas and I didn't like staying in one! I only did it once, but it was the LAST time! They drove up prices hoarding homes and kept the regular person out of the real estate market. I'm glad they are going away!
Living in L.A. County and I totally agree with you. It's the worst thing that has happened to renting or buying a home in California and other states as well. Hawaii is trying to make AirBnB illegal; because the homes have driven out the locals.
What did they do to neighborhoods? Legit question. You stayed at one and didn't like it, and that was it? Now you're sure? Have you never stayed at a bad hotel? Lol You all just sound like broke, envious losers, hating on others who are doing business.
I’ve used Airbnb and VRBO about four times. And each and every time it has been an extreme disappointment. The properties were always misrepresented and in poor shape. Since Airbnb doesn’t control the quality they have no idea what’s going on out there. I know that’s part of the plan and the shared economy stuff but it just makes it a crapshoot. It’s better to spend 300 400 or $500 a night to stay at a trusty Marriott or Hilton and know that it’s clean and safe.
I have an apartment in Toronto, Canada and I work and I live in Germany, so I rented my apartment out for the past few years. My first tenant listed my apartment on Airbnb without knowing that short term leasing in my building isn’t allowed. I was sent a warning letter from the management. I had to confront the tenant about her listing. She ended up moved out after the first year lease contract was over. I understand that rents are expensive, the rent I received also isn’t enough to cover everything, which include mortgage and management fees, but without the knowledge of your landlord and to sublease short term the flat to earn more money isn’t the way to go.
Yep, we list on Airbnb and Vrbo. Most of the time they make more than we do with all the fees they charge. We dropped our condo to 99 a night. Someone tried to rent it for a weekend. With all the fees and a $79 in taxes it ended up being $658. So of course they cancelled.
@@aura_daddy we do, a lot of people are afraid to direct book though. Too many scammers out there. We offer almost every way to book possible to get as many rentals as possible
I recently researched rooms in Savannah GA near the historic district. The per night rates were comparable between airbnbs and hotels. But once the cleaning fees etc were added, the Airbnb totals were ridiculously way higher. It didn't take me long to scratch all the airbnbs from my list and go with a hotel room. I even got a free breakfast each morning 😁
Not a fan anyway. Don’t want to be illegally recorded by owners and it took so many adorable places off the long term rental market. Plus, people charge ridiculous prices.
Just because there were a couple camera incidents doesn’t mean ‘everyone’ is doing it. Eyeroll. Paranoid much? Been in a lot of BnBs lately and all were great experiences.
Govt already spy on you everyday via social media and your phone, so a few cameras at a AirBNB isn’t as bad as people think. Just block what you think are cameras and enjoy your day, or intentionally accidentally smash cameras and threaten to sue AirBNB owner if they try to make you pay for their destroyed items.
You have three major forces are operating against the short term home rental market: 1) The commercial hospitality incumbents are against you, as you're a direct competitors. So they are going to lobby against you. 2) Your neighbors in the community you're operating out of are against you, because people don't want to watch an endless parade of people, with questionable etiquette, filter in and out of the house next door. 3) The government officials in your area are against you, as you're operating business in an area that it isn't zoned for, and aren't paying the related taxes you would be, if you were in a commercially zoned area. In addition to the fact that they are getting complaints by other voters and taxes payers. Basically the incentive structure is not for the long term viability of this business model.
An Airbnb host at Pyrmont in Sydney Australia went to jail a few years ago, for recording on hidden cameras in bedrooms and bathrooms of two apartments he was hosting.
Do you often stay at hotels that give you 3+ rooms and bathrooms, with fully stocked kitchens and laundry in suite? What if your stay is a month long? Feel stupid yet?
@@user-iu1ru1qz7uMany hotels have multi room suites with fully stocked kitchens for longer stays. They are way cheaper than Airbnb’s and I only have to wash the dishes and washes my own clothes in the nearby laundry room. I also get reward points for free nights and I’m literally right next door to bars and restaurants at a hotel.
@sparker7768 and many people actually DO want that when they're on vacation. They're bringing their whole family for a week+ and a hotel cost + food + laundry becomes prohibitive. I know this because I own an air bnb in a resort, and i know exactly the kind of customer that it appeals to. These are not rich people that can afford a 2 week stay in a nice hotel with 5+ guests. I bet you thought you were smart with your gotcha comment, LOL.
Blaming AirBnB for housing shortages is ridiculous. The number of properties that are on Airbnb is tiny compared to the entire market. We’re talking less than half of 1% of the housing stock in most cities. There’s no way that less than one half of a percent is going to dramatically affect the housing market. Los Angeles, which is supposed to have the largest Airbnb market is only 3% of the entire market. What’s really happening is a corporate takeover of real estate properties, limited land availability near where people want to live and work and rising construction costs. For example, again in Los Angeles, 2/3 of all rental properties are owned by speculative investors (corporations). So what’s going to affect the rental market more, 3% of individual property owners, or 67% of corporate property owners.
The problem with Airbnb now is that they overcharged a lot of the service fee, which it turned out to be ridiculous. I can give you a perfect example Cleaning feed they charge almost $100. And they make you clean up the whole house before you turn it in if not, they charge you another fee. So that is a reason why people are getting away from. Airbnb.
cleaning fee is valid but making you clean is dumb unless you ruined their property. $100 at $16 an hour for the cleaner is not a lot.. that's actually on the cheaper side.
Ah yes, the rent vs buy decision I’ve been trying to figure out for years. The rental income vs mortgage payment calculation never made sense to me. But this is much more logical and makes far more sense. Thank you for simplifying this!
You never totally owned your property. It's been how many decades - or centuries - since you could turn your place into a toxic waste dump, auto salvage yard, dirt bike racetrack or many, many other things due to zoning laws and regs. Turn a single family home into a short stay hotel/motel and see if they don't fine you for running a business in a residentially zoned area.
Airbnb has negatively impacted communities. Hate that there’s a STR on our residential street. Those vacationers don’t care. Hopefully, the drop in demand for investment properties means some people looking to purchase a home for themselves have a chance to get into the neighborhood.
Short Term Rentals is unfair to the local homeowners & renters who love life style of the local community. Short term renters careless about the local community and often do everything they can do destroy and leave. It will also jack up the price of residential housing and make them becoming a commercial property (like hotel) instead in a residential area. It should NOT be allowed in a residential housing area in the first place.
Where there is bad, there is also good! A year ago, I could find 20 rental homes on the long term rental market in Chandler, Arizona. Now with Airbnb you have to register with the city. Today, it is more like 200. My current rental unit is up in 6 months, I am looking for a better home at less cost soon. A competitive rental market is very nice to a renter like me.
Besides the crummy economy, AirBNB guests throwing wild parties in residential neighborhoods caused local governments to enact laws to prohibit them. Greedy listers not vetting their renters are partly responsible for this
@@BlackJesus8463 yes and this includes not caring about the impact on the neighborhood and neighbors with ca be traced back to greed. The house next to me was an airbnb for three years owner never said one word to us, then I started seeing all these cars parked in front of the house, people carrying luggage and ice chests in ... well to cut to the chase, I bought a wood chipper and set it up adjacent to the fence. You want to hang out on my neighbors deck and talk in loud party voice you get the wood chipper fired up. Or a boombox with opera etc... sometimes a rock station just not quite tuned in or how about a Bernie Sanders stump speech denouncing the "Billionaires." The pandemic killed the short term rental boom as people were scared stiff of visiting our tourist town. Owner ended up selling - thank God!
That's a stereotype totally not my experience at all. I have 2 apts on Airbnb for 4 years. I never had any loud parties ever. I have had families that go to the beach and sit on the deck and drink a beer or glass of wine. My long term homeowner neighbors have had huge loud parties. Airbnb doesn't allow parties anymore so if the guests are having one you can tell them to leave and cancel the booking. Try that with a long term tenant. You would have to go through eviction process and spend money on a lawyer and court fees etc. Then the tenant will trash your rental in retaliation. Airbnb is actually better for the neighborhood because the guests are not tenants and can be instantly removed for causing trouble and noise.
@@alisonb9963 so you think that everyone should be a homeowner and nobody should be allowed to rent a place to live or stay? The founding fathers of the country were all rich landowners that rented farm land and houses to the share croppers.
I rented a second prooerty through airbnb back in 2018. It was more headache than it was worth. I had good ratings and I was chill. It only took one person to ruin a good thing and I sold that house last year.
This could be a massive blow to property owners and investors who’ve been relying on short-term rentals for income. Cities that have a high concentration of Airbnb listings might see a rise in foreclosures or property prices tanking if demand doesn’t bounce back
Maybe the collapse of short-term rentals could lead to more affordable housing in cities where Airbnb had driven up prices. If some of these properties return to the long-term rental market, it might ease the housing shortage in urban areas. And cities could benefit from lower housing costs, potentially attracting more permanent residents instead of just tourists.
That’s a good point. the collapse of the Airbnb model might make homes more accessible to buyers and renters who were priced out of markets dominated by short-term rentals
it could push landlords to innovate or focus on providing better value for long-term tenants. But even so, the transition might be painful for property owners who are over-leveraged or have mortgages based on their Airbnb income. For many, the shift could mean financial hardship
Yeah, it’s definitely a tricky situation. But I think this is where an analyst could come in and be a real remedy for those involved. An analyst could help property owners and investors understand the changing dynamics of the short-term rental market and identify which markets are still viable or emerging
My country does not permit airbnb rentals, and we are grateful for it. Residents do not hv to put up with noisy parties, abuse of condominium facilities and security issues. In fact, a local was convicted in court for renting out 14 properties illegally for short term rentals n fined USD$860,000. His accomplice was also fined USD62,000. Airbnb should be banned totally.
Some guests choose AirBNB because they can get away with having parties and making a mess etc. You have to be very careful about approving guests. Makes the costs go up and hotels and motels are better at managing the short term renters.
I miss the old Airbnb, the one that offered better service, and lower prices than hotels. Unfortunately, they began to be just like hotels: false advertising, price gouging, ancillary fees, etc… I loved the idea of living like a local, and feeling like I was at home. I spend hundreds of nights a year in hotels for work and don’t want to feel like I’m at work when I go on vacations. Airbnb, like many other businesses, lost its way, forgot what its mission was.
Had a nice place i used to rent in PEI for $800 per week. Then it sold and the new owner put the same place on airbnb for $2500 per week. Airbnb is a greed factory and makes your next vacation unaffordable.
I used to work at the Hawaii state legislature. The hotel lobby is the most powerful special interest in the state. Therefore, the hotel lobbyists back laws that ban local competition. The hotel profits go to large conglomerates not local people. Hotel staff do not make enough money to support their families.
I don't know, have you considered VACASA? They are a huge vacation property management company. In November, 2021 a share of stock was $203. A share yesterday was $3.64. As recently as August 12 of this year it was $2.09.
It started off as Home Away from Home/VRBO which was owned by its founder, a legitimate home renter. Was a subscription model back then and the owner set the rates. Airbnb in Europe and now US. Home Away was sold and bought out by big corp. Fee’s went to a percentage base of rental income for owner and platform. Pure corporate greed took over and ruined a good thing. Disgraceful and no pity for these corp leeches.
Wife and I used to airbnb when we visited my daughter in Denver. Now we just get a 5 star hotel. Same price or cheaper and we don’t have to wash dishes or bedding.
AirB&B was good and honest. I used to use AirB&B all the time. The last year was bad. Some of the AirB&B had fake photos like in other countries. One AirB&B host in key largo Florida wanted extra money to rent his dilapidated boat to me. He wanted me to pay him extra for a ride on his dinghy to the boat. This was everyday! None of this was described on AirB&B. I had to complain numerous times to Airbnb before they even acknowledged me!
I stayed at AIrBnB when they just started and it was a wonderful experience. Recently I again stayed at 2 different AirBnB's and it is a nightmare. Hosts have made this into a business with no customer service and AirBnB has no number to speak to a live person. It makes no sense to stay at an AirBnB again.
I think this was a very informative video and I would also like to add the fact that a lot of people who rented short term rentals established a relationship with the owner of that rentals and they told her friends about it and what happens is the parties bypass Airbnb and insteadrent directly with the owner. That is happening a lot out there. I see the same thing happening with Uber as well where people establish a working relationship with a driver, and they simply call him as opposed to going through Uber.
What is not talked about is the fact that short term renters do not care about their environment resp. the neighbourhood and more often are a nuisance because of not adhering to community rules etc. Short term renting destroys neighboorhoods. Various communities in Spain like Majorca, Barcelona, Sevilla and Malaga are experiencing this and finally start to wake up to the situation and envisage restricting measures
This video makes very little sense. Multiple reasons my butt. If people are traveling less, there should be more stays available, and increased competition leading to lower prices. If owners have to pay high fees to airbnb in order to rent their places, then they should do a long term conventional rental instead. This is just a lot of excuses for price gouging by airbnb, and for owners who are underwater in their mortgages attempting to have short term vacationers bail them out of their investment mistake. In either case, airbnb is declining, as it should, for morphing to a bad business model. And owners may have to sell out unless they can rent to vacationers for a reasonable rate.
I tried to do Airbnb... never had one guest. I decided to do long term rentals and now I have all of the rooms rented and they keep the place CLEAN! Honestly, one of the best decisions that I've ever made.
BS, Airbnbs makes up barely a percentage and a half of the homes owned in the US market. There are about 144 million homes in the US, 125 million of those being owner occupied. There is a little over 2 million listings on Airbnb in the US which is about 1.38% of homes. Airbnbs are not the cause for US housing shortages, these big corporations, such as Invitation Homes, Progress Residential, First Key Homes, Amherst Group to name a few backed by private equity groups like Blackstone and Pretium Partners that go around buying up entire neighborhoods of single family homes and only putting them up for (un affordable) rent prices is the issue here. 117,000 single family homes In Florida alone, in California another owns about 80,000 single family homes. An over saturated market combined with corporate greed aka inflation and high interest rates are whats affecting the occupancy rates on Airbnb. Not necessarily the cost of doing business, if you had your profit margins in line to begin with.
I think one may find that the percentage is much higher in high-tourism locations. I wonder what that percentage may be in say, the nicer parts of San Francisco.
You are not doing the math properly. Identify the number of homes in tourist areas. Then divide by the number of short-term rentals. The percentage is much higher, easily enough to reduce housing inventory for homebuyers and impact housing prices.
@@izzytoonsshort-term rental properties are not exclusive to high tourist areas which already are not places that people tend to live long term to begin with, So the only people complaining would be those looking to buy vacation homes or working on a second or third property, or retiring there.
@@SovereignPics Hmmm. Okay. If destination cities are not the places people want to live long term, why do so many of them have such high population densities? I mean, SF is crowded because people want to live there. Santa Monica,. San Diego. Miami. New York City. Despite the fact SF and NYC are seeing some net losses in population these years, they are still insanely overcrowded because people want to live there. Airbnbs are definitely problems for the housing markets. Now lets take places like the Adirondacks, Poconos, West Yellowstone, etc. Also places people want to live. Airbnbs screw up those markets, too. Short-term rental do tend to concentrate in places people want to visit, and those tend to be places people want to live. No matter how you slice it, until hosuing inventory is much, much greater, short-term rental property, owned by homeowners, or small businesspeople (with multiple properties), or hedge fubds, or private equity groups, etc., have together had a huge impace on housing inventory for people looking to buy a home. Between that and inaquate construction of affordabel housing (they just keep buying homes for affluent people, who can afford multiple homes), prices have gone through the roof. Note: the average person in the 1% owns 9 homes, taking 8 off the market that others could be living in. Off course that has an impact. Ridiculous to say otherwise.
@@izzytoons I’m not saying it doesn’t have some impact, I’m saying the impact is minimal in comparison to other factors. everyone seems to want to just throw Airbnb under the bus while never mentioning the bigger issues. The numbers just say otherwise.
We wondered about the same thing! We see more and more short term rentals coming on the market because the recent buyers thought they could cover the mortgage with high short term rental charges. But with the large choice now, they financially can't handle the vacancies and loss of income out of pocket.
Airbnb works great for us, we remodeled a small hay barn into a 350 square foot cottage. We have hosted people from all over the world! It has been profitable and fun, best thing we ever did.
It was a terrible idea. I’ve been renting in Airbnb for FIVE years because I couldn’t find somewhere to rent which has taken a massive amount out of my pension. I’ve seen children raised in garages so they can let their home out. It’s changed society. Greed greed greed. Appalling unqualified owners, appalling properties. Unemployment and closure of hotels.
It’s not only this. Airbnb’s policies do not support the customer. While I’ve had many good experiences, I’ve had two bad experiences, and Airbnb did not have my back. Even in a case where there was a swamp gas smell coming from the toilet (permeating the apartment) and the back window was broken out (in Bogotá, where residents routinely have 3-5 locks on the doors), I had no support from Airbnb and ended up having to pay two further nights in order to cancel… yet I had to vacate the apartment within an hour. That just wouldn’t happen in a hotel. If a room isn’t safe or habitable, you don’t pay two more nights but have to leave immediately and pay for another place.
Thanks for sharing your experience with Airbnb and letting others know. Truly appreciate you taking the time to watch and comment here on this channel.
I’ve never used an AirbNb. I prefer the well run experienced professionally run hotel groups. None are perfect….but regular nobodies trying to run hotels? lol
@@kevinmach730 Friends who have used them said they were awful. You are referring to something that does not actually exist in my comment, namely “ how bad they are”. I did not mean to trigger you.
Have yo stayed at a hotel lately? I just paid over $200 for a room and there was a truck outside at 4am, delivering things for an hour. Kept me up for the rest or the morning. Never agan.
@@micker9830 I've stayed at hotels recently. I always compare hotel prices with airbnb prices before I rent, and I travel quite a bit. Hotels are ALWAYS cheaper and 90% of the time they are nicer. Most affordable airbnbs are in REALLY bad neighborhoods and the owner always expects you to do a bunch of chores you wouldn't be expected to do at a hotel.
Here in USA, a Patel Motel/Hotel is the best deal. Family run. Low prices, free breakfast, free parking, free WiFi, clean rooms, etc. Many have kitchenettes. Cost around $100-175/day. Europe has family run bed and breakfast… also good prices.
I have a shirt term rental but use a management company. They clean it, book it, pay my taxes. I just sit back and collect on it. I have a mortgage and have to pay HOA fees. Most years I’ve come out a few thousand bucks ahead. Sometimes I’ve lost money. It doesn’t matter. I have enough money to pay for it if business is slow. It’s located a block from the beach, so as far as I’m concerned, its real value is that I have free available parking as an owner. It would cost $43 a day for me to park there otherwise. Plus I can use the pool and the hot tubs. So it’s like having a sports club membership. That’s all,worth it to me. I have $550k in equity in it. When I get too old, I’ll sell it for a huge profit and use the money for some retirement facility somewhere. Frankly, the demise of Airbnb is not bad news. Rampant airbnbs have ruined many neighborhoods in my home.
Young people complain about how impossible it is to buy a house. I don't blame them. They are also among the bigger users of AirBNB's. AirBNB is one of the reasons why housing is so expensive. If you cannot afford a house, stop using AirBNB, not that I think hotels are that great.
Like you said, it started out as a cheaper alternative to hotels that benefited both sides. Now it's most often a lot more expensive than a hotel, you have to pay to have it cleaned, and complete chores as well.
@@Raumance which hotels charge a separate charge for cleaning? Yes, it's part of the fee and they are generally less than Abnb's lodging plus extra for cleaning. Also, the hotel doesn't issue a chore list. So, you are paying for cleaning and cleaning yourself at the abnb, not paying extra for cleaning and not doing any cleaning at the hotel.
@@constanttraveler Hotels don't charge for cleaning because it's included in the price... Same for AirBnBs that don't have a cleaning fee... This is why AirBnBs got rid of the cleaning fee because it's a hassle to manage. Just easier to charge more with cleaning included.
Have only used Air BNB twice over the past 10 years, not a bad experience, however I noticed in Porto the city has lost its heart beat. Porto only has tourists looking to stay as cheaply as possible, bored and wondering why they went there as it's now too crowded. Barcelona, where I live, would have gone the same way but the city council is putting a stop to tourist rentals. You cannot force local people out of anywhere and expect them to return just to clean the mess left by tourists, and tourists do not support local businesses so they go along with the culture.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
Everyone I know that is retiring or close to it, is loaded. Most GenX/boomers are doing amazing right now. Anyone who owned property and wasn't in debt before Covid, is loaded now.
I had use Airbnbs since 2018, even staying in RVs, and boats, and went around the world twice, all while stayng in Airbnbs. From all over the US, South America, Austraulia, NZ, Malasia, Italy, France, etc. However, I have seen the costs increase everywhere, and have not stayed in an Airbnb in a couple of years. Even at one point I envisioned owning my own property to be used as an Airbnb, but saw the writing on the wall, and decided not to. Your videos are always so informatinve.
My listing was always booked now… I’m wide open and I’m a super host and don’t charge fees or anything … it’s getting to cutting price further and further to get interest… then you get low income stays and it takes more time and cleaning and repair needs
You don't believe in property owners rights? You don't own property do you? Why should the government be allowed to dictate what a person does with their property? If you ever become financially secure enough to purchase a home I wager your attitude will change.
@@wolfmantroy6601 I have owned many properties during my life, including rentals, I would not like an Airbnb next to my residence. Recently I rented an Airbnb and felt uncomfortable for the neighbors. I am not opposed to Airbnb just limit them to an area zoned commercial.
@@At_the_Garden I would not own property or a home somewhere that restricted me is such a manner. No zoning or such regulations for me. I prefer to actually own my property.
@@At_the_Gardenit depends where the house is it. Mine is in a residential neighborhood. But being a college town, when the old folks pass away, the children come in and turn their home into a rental. Almost the whole block now is rental. So, I know my Airbnb will not bother anyone. But I have to say it is a little depressing. The whole street used to be families with lots of kids to play with. Now, it’s all gone
I own several short term rentals. The two biggest problems, horrible platforms and municipalities ever changing rules. Abnb is terrible to hosts and VRBO is only slightly better. Municipalities ignore most of the positives STRs bring and want to add more and more taxes, fees and restrictions.
In my town the municipality want me to rent cheap to young people who work on the coast nearby. Serveurs in a restaurant and all the other jobs that run on tourisme. So I am expected to rent cheap to the workers who are only there in the summer when I can rent full price to tourists all the year round. People spit on Airbnb but forget that tourisme brings in jobs for people who have to live somewhere
I love Airb&b. We have 3 babies and it makes traveling so much easier. I don’t have to check in, plenty of space for everyone to spread out. We can cook our own meals with food we brought. Yeah it might be a little more than a hotel but I know that ahead of time and I’m still ok with it. If it’s too much I don’t stay there.
$100 cleaning fees on $75/night rental, for example, killed it for me. As well as "two night minimum". Hotels have no minimum night stays and they clean up after you. AirBnB forgot it was a service industry. 'Twas greed that killed the beast.'
Welp. Glad I was able to use them while it lasted. We have used airbnb in 16 countries and counting. Out of the 35+ airbnb we have use we had 2 duds. Those duds were early on.
I have enjoyed renting an Airbnb or vrbo house when I go visit my daughter in North Carolina. It’s been fun to “pretend” for a week like I live there & I always rent a cute bungalow, on a cute street where the neighbors are friendly. I usually rent within 3-5 miles of where my daughter lives. I prefer this anytime over staying in a hotel. Not only is that inconvenient but it’s not “homey” & my daughter enjoys staying with me while I’m there. (It gives her a break from responsibilities at home.) It’s like a mini vacation for us both. I’ve also rented cottages in St Augustine, Savannah & north GA. I’ve never had any issues & always had great experiences. You have to shop wisely. Some charge higher fees than others. I never minded keeping a place clean or stripping the sheets. Vacasa is who we book a condo with in Panama City & the same kind of rules apply.
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
Everybody got greedy and the benefits disappeared!
Need Kleenex for the tears I have
Greedy indeed, while trashing their neighborhoods. Thank you for making me live in a neighborhood that caters to overnight guest looking for a good time.
@@KartzchenI own a camper. We regularly visit Southaven Michigan. This year I was horrified to see how many homes had vacationers sitting on the front porch and lawn drinking in the middle of the day on a weekday. Currently, these cities r passing legislation to combat this. Clearly, these rentals r owned by heirs that have hardly worked in their life, trashing neighborhoods they don’t care about.
Lake Michigan properties a block or two away from the water are fetching a million dollars cuz of Airbnb 😂😂😂. It’s all gunna crash, and I can’t wait.
I have never rented an Airbnb, never will. If I can’t camp it, or boat it, I will stay home.
@@Kartzchen True, it isn't only the prices and the evictions, there's also the degradation when too many tourists (especially party tourists) congregate in one place!
Right, because the world is a fight between greed and altruism, and not about free market forces.
Used to be cheaper before all the fees. Hotels are cheaper without the hassle.
They really aren't though, why lie?
I like the concierge and staff service from hotel. If something is not working at the Airbnb you’re screwed pretty much
@@adalovelace7620yep. Room in a hotel has a problem ? Change rooms .
still cheaper like twice cheaper , almost everywhere
There are still really cheap Airbnbs, especially places like Orlando and the beaches!
For the last several years we’ve stopped using vrbo and air b&b because the hotels are a better deal. Most of the new hotels have kitchenettes, everything works, and you don’t have a task list of things to do before you leave.
Hotels are noisy, gross and usually just as expensive. Excellent place to pickup germs.
@@micker9830 I can tell you have Airbnb listings. Hate to break it to you but thanks to the Airbnb service charge hotels will always have a pricing advantage and they have been much cheaper for at least the last two years.
Not to mention the matresses you can actually sleep on.
@@micker9830 Not the ones we stay in.
Its always way cheaper to stay in airbnb if you have a big group
Before air bnb existed there were bed and breakfasts. They were nice and we need them to come back.
At non-extortive prices , yes .
With a kitchen, washing mashine and a place for 4?
@piotrwieczorek6588
Good point.
And without the nosey, flatulant granny and smell of boiled cabbage .
If I needed to be using a kitchen and washing machine I would stay at home. The point of a holiday is change and a little luxury. Like not having to do the washing up.
Say that again if an Airbnb is right next door to you with strangers and loud crowds come and go, placing their trash bins on your property without regard for your peace and comfort. I bet you feel differently if you have to live right next to one.
Glad they’re going. Terrible for the neighbors and neighborhoods where they’re located.
100%
💯💯💯
Yes. The lady next house over did AirBnb for a few years. Most guests no problem. Some were loud and had friends visiting and partying. We work early AM and were annoyed
Well...yes and no. Did you know that people that rent Airbnbs spend 2-3 times more than people that stay at hotels? That's good for the local economy and jobs.
@@francislarv3012the party scene is the host’s responsibility. All they need to do is state the house rules! No smoking, no parties, etc.
I bought a house with the intent of living there and renting the rest of the property out. It was regularly a disaster! Badly behaved dishonest renters and AIRBNB was completely unable to mediate or resolve issues. I was accused of raping someone because she would not leave my home after three weeks and didn’t want to go. So, to punish me she accused me (a gay man) of trying to raping her. She didn’t pay a penny for the month she was there, AIRBNB refunded here and I had to have state mental health come and remove here. This is one on of MANY unacceptable interactions I had with visitors. I will never consider doing it again
sorry.
It seems these "types" target certain people to place "rape" as cause for complaint. You were not the only one this vampire bit.
This is why a detailed background check (by you not the agent) of all renter applicants is essential, which is difficult to do with short-term holiday renters.
sounds miserable, where abouts?
I am so sorry to hear this. You're not alone.
In some big cities investors bought whole floors of building and rent them out AirBnB, while local people can not find an apt. to rent long term. It has pushed up the rental prices so high it is out of control.
Airbandb/short-term leasing is not the only thing pushing prices up. My city, Montréal Canada, has severely regulated short terms, there are very few available. Prices are going up anyway (and up and up and up) inflation caused by government expansion of the money supply is causing all prices to go up. And then growing population due to immigration. They’re topping up Canadian cities.
Even though I have never been real estate savvy, I knew Airbnb’s were not a good idea just like I knew getting one of those easy homes in the early 2000s also was not a good idea
I remember in the early 2000s when everyone was buying a house, a coworker told me that I could buy a house for less than where I was paying for rent. That was easy for her to say because not only did she have a full-time job in a higher position. Then I was in which means she had more money, she was also married to a fire captain. She had two incomes and I was a single parent with one income.
Fortunate for me, I don’t take financial advice from People who are not risking their money.
Of course, eventually, the housing bubble burst and so many people who got the easy loans ended up in bankruptcy or foreclosures.
The solution is to draft a Constitutional Amendment allowing short term rentals and requiring cities to expand trailer and camping parks. Strict rules keeping these spaces clean and s safe would necessarily be drafted with video surveillance used to discourage rule breaking and a 2 strike your out rule with proof of previous living domicile required to secure spaces. Parents would be responsible for their children's rule conformance. Their would be reasonable but strictly enforced space and room requirements for numbers of people in a domicile and tents would not be allowed. Rent would be required to be paid on time with a single infringement resulting in removal in two weeks late or no payment. We need places for the poor to live period.
You forgot draconian rules. "don't touch the thermostat!" "don't use the washer/dryer!" "you must clean AND pay a cleaning fee" "you know with the b.s. fees, a hotel is cheaper and fewer rules"
Unless you have a large family group, it's less hassle and less expensive to go to a hotel.
Guests created that monster, unfortunately. Airbnb guest clientele can be the worst at times. Hence the handholding with house rules.
Yep that is my experience plus add host living in basement while doing massages for money not creepy at all thanks for not informing us and letting us find out and then you offered our wives and girlfriends massages while on our skiing weekend. Short term rental apps have a stink on them.
@@GeneDexter Piss off!
Yeah I was asked to take the sheets off the bed and put all towels etc in a bag by the door and I’m like, yeah that’s 30 seconds work, but I’m also paying someone to do this and last time I checked I’m on holiday so…..no.
yeah i want to pay $50/day for parking plus $80/day for resort fees and $15 dollars for a bottle of water!! hahahaha oh sure gimmie hotel!
GREED kills everything. That's it in a nutshell.
Think about this. Government is far greedier than a corporation. They have a list for power behind their policies.
@@hanksta34 Lust for power = Government.
I disagree
Capitalism is synonymous with greed.
True but competition is there to adjust. But state has to pass laws to make it feasible and stop abuses.
It seemed there were good deals in the early years. The thing that killed it for me was the ever increasing fees
Exactly 💯
Use to spend 25 bucks in seoul! 2017 was a wild time for air bnb
The horrible inflation of the past 4 years and the weakening economy with layoffs haven't helped it either.
Speaking of higher rental fees in general. I read a couple of articles that quoted people about why they took the family to Italy for 10 days instead of renting their usual beach house on the Outer Banks. It was cheaper to fly to Italy for a vacation.
And increasing regulatory restrictions, insurance costs, and bad guests.
In the early years when interest rates were 0 and investors were desperate for returns they are willing to invest in unicorns that have negative cash flow simply on speculation bet. Now that interest rate is 5% all these unicorns like Airbnb have to demonstrate returns for their investors so naturally prices go up
Greed killed them. Fees on top of fees on top of more fees made it so once again hotels/motels are cheaper.
@@jodybarry8466 Early on there was a benefit to ABNB for both the LL and guest, now in most cases, I don't see it
GREED AND THIEVERY by the scumbag owners
A hotel room is not the same as an Airbnb which is normally a house or full apartment with a kitchen etc.
Man vrbo fees are much worse
Yu
I will never, NEVER ever stay in an airbnb or rent one out. I hate the whole concept. I hated it the first time I heard about it, and I hate it more now. This video pretty much confirms what I always thought.
Forever renter? Cool.
I’m going on vacation in a few weeks and I wouldn’t even consider AIRBNB. I’d rather stay in a hotel.
Hotels are cheaper and more reliable.
I stay at hotels because they are in the business of renting rooms, its not just a side thing. I also take taxis over uber and lift for the same reasons.
I used to love Airbnb 15 yrs ago when it was a niche alternate idea. Now that it became a Wall Street conglomerate it entered a doom loop. It is a victim of its own success. Eventually it will collapse or revert back to a small niche idea only a few people use.
The niche thing is already happening. Brian knows they need people with unique spaces because people want to play pinball, arcades, swim in your backyard salt water pool, etc. We used to do extended stay with basic accommodations. That doesn't work anymore.
They used to be good but Airbnb think they can charge hotel prices and then ask guests to do chores and still be left with a cleaning fee. Also more often than not some of these short term rentals have the cheapest crap in there that it makes a Hilton Garden Inn feel luxury. Towels aren't the cheap Walmart kind and sheets aren't thin microfiber pilling sheets. And I do wonder if a cleaner really does do anything beyond sweeping and putting things away like the broom.
I was staying at an Air BnB room in Sydney, when I was woken by the owner's young children crying at my door in the middle of the night. Their mother had gone out all night partying and they were scared she wouldn't come back? When I contacted Air BnB to complain about this problem they refused to take action. So I contacted the Principal of the Primary School where her children attended. He contacted Child Safety, saying he had multiple complaints from their neighbours, about the mother's neglect and abandonment of her children.
That is an awful story
@@HeartandSoulAroma Airbnb is another way to come into contact with the shit show that is humanity. What I learned from traveling extensively as a young man is that it is better to stay home.
Poor babies. That breaks my heart. Thankyou for doing something about it; following through when Air B&B wasn’t interested.
Happiest day of my life. I hate Airbnb
Idk there's a bunch in my neighborhood near the beach and all are rented nonstop. I see no slowdown
@@thomasjgour4678 because you see no slowdown in your neighborhood it means Airbnb's earnings report is wrong. makes sense to me.
@@thomasjgour4678 there's still demand but less than there was before.
We had one in Cathedral City CA, two doors down from our rental house in a residential community. The kids they rented to never paid attention to noise regulations. Constantly we called the cops. Ultimately Cathedral City banned short term rentals. By vote. I don't think the owners of the property were from the US. Many Air bnb suck. Glad to see them closing up shop.
@@dangerjones6
Here's the reality, the facts are people commoditized it. They bought any property, had no real niche/value prop/strategy and just listed it to receive leads. When you own a business you need to know how to market, lead generate brand and strategize to position your business for success. It is.was a race to the bottom for most owners who just listed their properties on Airbnb.
Imagine the balls it takes to demand cleaning up while getting charged an additional cleaning fee. “This property is $120 a night, and cleaning fees are $219.”
If the total nightly cost (with all fees included) is less at an Airbnb than I stay at an Airbnb. I typically stay at Airbnbs as they are less expensive, and offer so much more.
@@liwithmeno
I’ve stuck to Booking because of that reason
All seemed cheaper but then all these fees and rules just become unbearable
AirBNBust deserves its business failure!
LOL it's not failing.
Airbnb management fee's were a big killer for us and our customers. 2nd thing, after hosting for 7 years we found that the guests were becoming more abusive of our rental and when we tried to charge them $40 for 2 hours extra work of cleaning dog barf and coffee stains, Airbnb would not stand behind us and charge the guest for our time. This was the big game changer for us. We ran into steel pins in our carpet, coffee creamer stains in the carpet, door left open while furnace or AC was running, trying to cook over a propane fire pit left a huge mess, running the fire pit for 10 hours, cleaning out the soap and food amenities is just a partial list. Wife did the management but got to a point where wife and I were making less than $10 per hour and we did our own cleaning. ON a good month we would make $500. for 60 hours of work.... Lot of sales hype from airbnb but no $$ in our pockets so we quit.... won't do that again.
😂😂 Hope you lost your a$$ on your rental. Screwing over long term tenants... you deserve it.
People don’t treat the rental with care. Most people are not nice. We had a house in Florida for short term rental before Airbnb and we got out. Sold the property. Renters left tennis racket at bottom of pool and it rusted and left a rust outline of the racket. 😞😭
My guests have treated my rentals great. When they are full I make $910 per day.
@@wolfmantroy6601 good for you!!!
@@donnag7288nowadays, it is hard to find careful persons who treat things nicely
I used to rent regularly from Airbnb, but prices have shot up too much. The exact same property that I used to be able to rent out for $200 a night is now asking $400. No new amenities or extras, exact same property. In fact, it is now more beaten down than before.
Same here. $1800 for 3 weeks , post Covid $2500 a week. Had to pass.
You know why don't you? Property taxes doubled and homeowners and flood insurance in the rental beach areas have trippled or quadrupled. Paying 16k a year just to insure the place and 10k in taxes will make the price go up. No different then of you own the home and live in it you will see those prices go up for you. In an abnb they pass the cost on to the renter so they are not losing money. In this massive inflation economy of Biden Harris that's the new reality. Vote accordingly
Mortgage rates are currently at an all time high since 2000(24 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
The stock market is no different, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
Considering the sell and invest option? It's essential to consult a reliable financial planner to ensure income projections align with your goals.
Where may one locate a wise FA? Even while I like the idea of using their services, it's unfortunate that recent stock market catastrophes have started to happen more frequently.
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Jessica Lee Horst" I've worked with her for some years and highly recommend her. Check if she meets your criteria.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Accountability is an assumption when you stay at a hotel. It is not something you can expect with AirBnb owners or management companies. The last thing I want to deal with on a vacation are unsolvable problems at my rental location. I had multiple nightmare situations with vacation rentals over the years. Never again.
As guests, AirBnB isn't covered by travel insurance because it's a private interaction. Found out the hard way.
While I don't want anyone to lose money, I HATE Airbnb! I don't like what it has done to neighborhoods in nice areas and I didn't like staying in one! I only did it once, but it was the LAST time! They drove up prices hoarding homes and kept the regular person out of the real estate market. I'm glad they are going away!
Living in L.A. County and I totally agree with you. It's the worst thing that has happened to renting or buying a home in California and other states as well. Hawaii is trying to make AirBnB illegal; because the homes have driven out the locals.
It’s ruined lots of neighborhoods in Florida. I hate airbnb.
Not to mention, how many hidden cameras did they have. I think there are rules now against them, but ...
They need to lose money, we need to deflate this economy
What did they do to neighborhoods? Legit question.
You stayed at one and didn't like it, and that was it? Now you're sure? Have you never stayed at a bad hotel? Lol
You all just sound like broke, envious losers, hating on others who are doing business.
I’ve used Airbnb and VRBO about four times. And each and every time it has been an extreme disappointment. The properties were always misrepresented and in poor shape. Since Airbnb doesn’t control the quality they have no idea what’s going on out there. I know that’s part of the plan and the shared economy stuff but it just makes it a crapshoot. It’s better to spend 300 400 or $500 a night to stay at a trusty Marriott or Hilton and know that it’s clean and safe.
And dont forget the beds. Smell on pee. Too soft. Not cleaned apartment or house. Shitty experience.
I’ve used Airbnb dozens of times & it’s been great 90% of the time. I think you just got unlucky.
That's awfully expensive per night !
Good news for locals!
These short term rentals area scourge on the locals, their culture, the environment!
I have an apartment in Toronto, Canada and I work and I live in Germany, so I rented my apartment out for the past few years. My first tenant listed my apartment on Airbnb without knowing that short term leasing in my building isn’t allowed. I was sent a warning letter from the management. I had to confront the tenant about her listing. She ended up moved out after the first year lease contract was over. I understand that rents are expensive, the rent I received also isn’t enough to cover everything, which include mortgage and management fees, but without the knowledge of your landlord and to sublease short term the flat to earn more money isn’t the way to go.
Yep, we list on Airbnb and Vrbo. Most of the time they make more than we do with all the fees they charge. We dropped our condo to 99 a night. Someone tried to rent it for a weekend. With all the fees and a $79 in taxes it ended up being $658. So of course they cancelled.
that's why you offer direct booking services alongside. cheaper on them and more money for you. thats what a lot of hosts should be doing.
@@aura_daddy we do, a lot of people are afraid to direct book though. Too many scammers out there. We offer almost every way to book possible to get as many rentals as possible
@@PumpkinKingXXIII do you have a nice reputable looking website and google business?
I recently researched rooms in Savannah GA near the historic district. The per night rates were comparable between airbnbs and hotels. But once the cleaning fees etc were added, the Airbnb totals were ridiculously way higher. It didn't take me long to scratch all the airbnbs from my list and go with a hotel room. I even got a free breakfast each morning 😁
@@dirkjackson8939 And room service and housekeeping, too.
Not a fan anyway. Don’t want to be illegally recorded by owners and it took so many adorable places off the long term rental market. Plus, people charge ridiculous prices.
Just because there were a couple camera incidents doesn’t mean ‘everyone’ is doing it. Eyeroll. Paranoid much? Been in a lot of BnBs lately and all were great experiences.
@@Phlakaton88 Good for you
@@Phlakaton88Just two? Where is your data from?
Govt already spy on you everyday via social media and your phone, so a few cameras at a AirBNB isn’t as bad as people think. Just block what you think are cameras and enjoy your day, or intentionally accidentally smash cameras and threaten to sue AirBNB owner if they try to make you pay for their destroyed items.
@@Phlakaton88me too, just did AB in London & Paris...amazing places!
You have three major forces are operating against the short term home rental market:
1) The commercial hospitality incumbents are against you, as you're a direct competitors. So they are going to lobby against you.
2) Your neighbors in the community you're operating out of are against you, because people don't want to watch an endless parade of people, with questionable etiquette, filter in and out of the house next door.
3) The government officials in your area are against you, as you're operating business in an area that it isn't zoned for, and aren't paying the related taxes you would be, if you were in a commercially zoned area. In addition to the fact that they are getting complaints by other voters and taxes payers.
Basically the incentive structure is not for the long term viability of this business model.
Bingo.
Abnb owners are creeps I found cameras inside the last 2 homes I rented, that was 2 yrs ago. I'll never rent again from abnb.
No you didn’t. 😂.
That's BS. If you did find a camera, then those people should have been arrested, were they? Maybe stay in a nice ABB that has good ratings?
Stop lying.
Non-creep owner here and I know other non-creep owners. Even if your experience was true, it is a gross misrepresentation.
An Airbnb host at Pyrmont in Sydney Australia went to jail a few years ago, for recording on hidden cameras in bedrooms and bathrooms of two apartments he was hosting.
When airbnb got more expensive than hotels . I stopped using it. Back to hotels
Do you often stay at hotels that give you 3+ rooms and bathrooms, with fully stocked kitchens and laundry in suite?
What if your stay is a month long?
Feel stupid yet?
@@user-iu1ru1qz7uMany hotels have multi room suites with fully stocked kitchens for longer stays. They are way cheaper than Airbnb’s and I only have to wash the dishes and washes my own clothes in the nearby laundry room.
I also get reward points for free nights and I’m literally right next door to bars and restaurants at a hotel.
@@user-iu1ru1qz7u I couldn't care less. I want a safe clean place to sleep and shower. That's it.
@@user-iu1ru1qz7uNewsflash: not everyone expects to live like they're at home when on vacation. That's the point of vacation.
@sparker7768 and many people actually DO want that when they're on vacation. They're bringing their whole family for a week+ and a hotel cost + food + laundry becomes prohibitive.
I know this because I own an air bnb in a resort, and i know exactly the kind of customer that it appeals to. These are not rich people that can afford a 2 week stay in a nice hotel with 5+ guests.
I bet you thought you were smart with your gotcha comment, LOL.
Blaming AirBnB for housing shortages is ridiculous. The number of properties that are on Airbnb is tiny compared to the entire market. We’re talking less than half of 1% of the housing stock in most cities. There’s no way that less than one half of a percent is going to dramatically affect the housing market. Los Angeles, which is supposed to have the largest Airbnb market is only 3% of the entire market. What’s really happening is a corporate takeover of real estate properties, limited land availability near where people want to live and work and rising construction costs. For example, again in Los Angeles, 2/3 of all rental properties are owned by speculative investors (corporations). So what’s going to affect the rental market more, 3% of individual property owners, or 67% of corporate property owners.
Airbnb is part of that takeover it's a corporation.
The problem with Airbnb now is that they overcharged a lot of the service fee, which it turned out to be ridiculous. I can give you a perfect example Cleaning feed they charge almost $100. And they make you clean up the whole house before you turn it in if not, they charge you another fee. So that is a reason why people are getting away from. Airbnb.
cleaning fee is valid but making you clean is dumb unless you ruined their property. $100 at $16 an hour for the cleaner is not a lot.. that's actually on the cheaper side.
You’re on vacation. The last thing you want to do before leaving is clean a house.
$100 is nothing. I was quoted a $400 cleaning fee in Savannah GA for a two night stay. Um no thank you airbnb
I’ve rented a dozen times of airbnb and was asked once to take my trash out and once to start my sheets…
Why would I trust a vacationing family to do a good job cleaning? I've never failed, domestically or abroad to be disappointed in vacation rentals.
Ah yes, the rent vs buy decision I’ve been trying to figure out for years. The rental income vs mortgage payment calculation never made sense to me. But this is much more logical and makes far more sense. Thank you for simplifying this!
You’re welcome. I truly appreciate you taking the time to watch and comment here on this channel. Glad these videos are helping you.
Between HOA’s and local government you don’t own your property, you’re just a renter.
You never totally owned your property. It's been how many decades - or centuries - since you could turn your place into a toxic waste dump, auto salvage yard, dirt bike racetrack or many, many other things due to zoning laws and regs. Turn a single family home into a short stay hotel/motel and see if they don't fine you for running a business in a residentially zoned area.
Airbnb has negatively impacted communities. Hate that there’s a STR on our residential street. Those vacationers don’t care. Hopefully, the drop in demand for investment properties means some people looking to purchase a home for themselves have a chance to get into the neighborhood.
Short Term Rentals is unfair to the local homeowners & renters who love life style of the local community. Short term renters careless about the local community and often do everything they can do destroy and leave. It will also jack up the price of residential housing and make them becoming a commercial property (like hotel) instead in a residential area. It should NOT be allowed in a residential housing area in the first place.
Where there is bad, there is also good! A year ago, I could find 20 rental homes on the long term rental market in Chandler, Arizona. Now with Airbnb you have to register with the city. Today, it is more like 200. My current rental unit is up in 6 months, I am looking for a better home at less cost soon. A competitive rental market is very nice to a renter like me.
Besides the crummy economy, AirBNB guests throwing wild parties in residential neighborhoods caused local governments to enact laws to prohibit them. Greedy listers not vetting their renters are partly responsible for this
its greed
@@BlackJesus8463 yes and this includes not caring about the impact on the neighborhood and neighbors with ca be traced back to greed. The house next to me was an airbnb for three years owner never said one word to us, then I started seeing all these cars parked in front of the house, people carrying luggage and ice chests in ... well to cut to the chase, I bought a wood chipper and set it up adjacent to the fence. You want to hang out on my neighbors deck and talk in loud party voice you get the wood chipper fired up. Or a boombox with opera etc... sometimes a rock station just not quite tuned in or how about a Bernie Sanders stump speech denouncing the "Billionaires." The pandemic killed the short term rental boom as people were scared stiff of visiting our tourist town. Owner ended up selling - thank God!
That's a stereotype totally not my experience at all. I have 2 apts on Airbnb for 4 years. I never had any loud parties ever. I have had families that go to the beach and sit on the deck and drink a beer or glass of wine. My long term homeowner neighbors have had huge loud parties. Airbnb doesn't allow parties anymore so if the guests are having one you can tell them to leave and cancel the booking. Try that with a long term tenant. You would have to go through eviction process and spend money on a lawyer and court fees etc. Then the tenant will trash your rental in retaliation. Airbnb is actually better for the neighborhood because the guests are not tenants and can be instantly removed for causing trouble and noise.
@@houpteeNo rentals of any kind is best for the neighbors.
@@alisonb9963 so you think that everyone should be a homeowner and nobody should be allowed to rent a place to live or stay? The founding fathers of the country were all rich landowners that rented farm land and houses to the share croppers.
I rented a second prooerty through airbnb back in 2018. It was more headache than it was worth. I had good ratings and I was chill. It only took one person to ruin a good thing and I sold that house last year.
Good bye!
This could be a massive blow to property owners and investors who’ve been relying on short-term rentals for income. Cities that have a high concentration of Airbnb listings might see a rise in foreclosures or property prices tanking if demand doesn’t bounce back
True, it’s looking pretty rough. I’ve heard of some hosts having to sell their properties or switch to long-term rentals at lower returns.
Maybe the collapse of short-term rentals could lead to more affordable housing in cities where Airbnb had driven up prices. If some of these properties return to the long-term rental market, it might ease the housing shortage in urban areas. And cities could benefit from lower housing costs, potentially attracting more permanent residents instead of just tourists.
That’s a good point. the collapse of the Airbnb model might make homes more accessible to buyers and renters who were priced out of markets dominated by short-term rentals
it could push landlords to innovate or focus on providing better value for long-term tenants. But even so, the transition might be painful for property owners who are over-leveraged or have mortgages based on their Airbnb income. For many, the shift could mean financial hardship
Yeah, it’s definitely a tricky situation. But I think this is where an analyst could come in and be a real remedy for those involved. An analyst could help property owners and investors understand the changing dynamics of the short-term rental market and identify which markets are still viable or emerging
My country does not permit airbnb rentals, and we are grateful for it. Residents do not hv to put up with noisy parties, abuse of condominium facilities and security issues. In fact, a local was convicted in court for renting out 14 properties illegally for short term rentals n fined USD$860,000. His accomplice was also fined USD62,000. Airbnb should be banned totally.
What country is this please?
Airbnb prices pushed most customers out , I vacation at home now because of it , do I feel sorry for them ? No , good luck paying the taxes losers,
😂😂you vacation at home and you call them a loser. Enjoy your short life and memories of staycations😂
Airbnb platform is greedy ❗️
You get the award for cutting through the BS the fastest.
Just like Nike!
I found out that the Airbnb host had cameras in the bedroom that I stayed at! I will never stay at Airbnb again!
Always assume you are being watched.
@@LaughitOff526 and exactly why I don’t stay at short term rentals anymore. Assume this has been going on for a long time. Not an issue at all hotel
@@tedstriker6743 actually i believe some hotels have. and kids go missing at the big hotels as well. they may have underground tunnels.
Oh yea? Where’s the news article relating to your stay? Jail time for the perv?
@@dont_hit_trees Exactly, bunch of BS. There aren't cameras in ABBs, maybe one creeper out of tens of thousands.
Some guests choose AirBNB because they can get away with having parties and making a mess etc. You have to be very careful about approving guests. Makes the costs go up and hotels and motels are better at managing the short term renters.
I miss the old Airbnb, the one that offered better service, and lower prices than hotels. Unfortunately, they began to be just like hotels: false advertising, price gouging, ancillary fees, etc… I loved the idea of living like a local, and feeling like I was at home. I spend hundreds of nights a year in hotels for work and don’t want to feel like I’m at work when I go on vacations. Airbnb, like many other businesses, lost its way, forgot what its mission was.
Had a nice place i used to rent in PEI for $800 per week. Then it sold and the new owner put the same place on airbnb for $2500 per week. Airbnb is a greed factory and makes your next vacation unaffordable.
Oh wow, that’s amazing. Thanks for sharing your story about your experience.
I’m not sympathetic to the meltdown of the Airbnb short term rentals because they have been greedy .
I used to work at the Hawaii state legislature. The hotel lobby is the most powerful special interest in the state. Therefore, the hotel lobbyists back laws that ban local competition. The hotel profits go to large conglomerates not local people. Hotel staff do not make enough money to support their families.
Not to mention how Airbnb is worst run Company in America 🇺🇸
I don't know, have you considered VACASA? They are a huge vacation property management company. In November, 2021 a share of stock was $203. A share yesterday was $3.64. As recently as August 12 of this year it was $2.09.
@@Singlesix6As a management entity I would not consider it.
It started off as Home Away from Home/VRBO which was owned by its founder, a legitimate home renter. Was a subscription model back then and the owner set the rates. Airbnb in Europe and now US.
Home Away was sold and bought out by big corp. Fee’s went to a percentage base of rental income for owner and platform. Pure corporate greed took over and ruined a good thing. Disgraceful and no pity for these corp leeches.
Never stayed at one, never will. I think they are creepy.
They aren't. grow up
Wife and I used to airbnb when we visited my daughter in Denver. Now we just get a 5 star hotel. Same price or cheaper and we don’t have to wash dishes or bedding.
Hotels are cleaner and safer❤
AirB&B was good and honest. I used to use AirB&B all the time. The last year was bad. Some of the AirB&B had fake photos like in other countries. One AirB&B host in key largo Florida wanted extra money to rent his dilapidated boat to me. He wanted me to pay him extra for a ride on his dinghy to the boat. This was everyday! None of this was described on AirB&B. I had to complain numerous times to Airbnb before they even acknowledged me!
Host "Please clean and take out the trash" Also Host "Cleaning fee $75"
Not every privately owned building is a hotel in the same way not every vehicle can be a taxi.
Good point
I stayed at AIrBnB when they just started and it was a wonderful experience. Recently I again stayed at 2 different AirBnB's and it is a nightmare. Hosts have made this into a business with no customer service and AirBnB has no number to speak to a live person. It makes no sense to stay at an AirBnB again.
I think this was a very informative video and I would also like to add the fact that a lot of people who rented short term rentals established a relationship with the owner of that rentals and they told her friends about it and what happens is the parties bypass Airbnb and insteadrent directly with the owner. That is happening a lot out there. I see the same thing happening with Uber as well where people establish a working relationship with a driver, and they simply call him as opposed to going through Uber.
What is not talked about is the fact that short term renters do not care about their environment resp. the neighbourhood and more often are a nuisance because of not adhering to community rules etc. Short term renting destroys neighboorhoods. Various communities in Spain like Majorca, Barcelona, Sevilla and Malaga are experiencing this and finally start to wake up to the situation and envisage restricting measures
This video makes very little sense. Multiple reasons my butt. If people are traveling less, there should be more stays available, and increased competition leading to lower prices. If owners have to pay high fees to airbnb in order to rent their places, then they should do a long term conventional rental instead. This is just a lot of excuses for price gouging by airbnb, and for owners who are underwater in their mortgages attempting to have short term vacationers bail them out of their investment mistake. In either case, airbnb is declining, as it should, for morphing to a bad business model. And owners may have to sell out unless they can rent to vacationers for a reasonable rate.
Why stay in separate hotel rooms when I want to hang out with my family in a nice luxurious house?
I tried to do Airbnb... never had one guest.
I decided to do long term rentals and now I have all of the rooms rented and they keep the place CLEAN!
Honestly, one of the best decisions that I've ever made.
Just a shift of income producing property can make a success out of the original plan. Thanks for sharing your experience here on this channel
@@JerryPinkas anytime!
BS, Airbnbs makes up barely a percentage and a half of the homes owned in the US market. There are about 144 million homes in the US, 125 million of those being owner occupied. There is a little over 2 million listings on Airbnb in the US which is about 1.38% of homes. Airbnbs are not the cause for US housing shortages, these big corporations, such as Invitation Homes, Progress Residential, First Key Homes, Amherst Group to name a few backed by private equity groups like Blackstone and Pretium Partners that go around buying up entire neighborhoods of single family homes and only putting them up for (un affordable) rent prices is the issue here. 117,000 single family homes In Florida alone, in California another owns about 80,000 single family homes. An over saturated market combined with corporate greed aka inflation and high interest rates are whats affecting the occupancy rates on Airbnb. Not necessarily the cost of doing business, if you had your profit margins in line to begin with.
I think one may find that the percentage is much higher in high-tourism locations. I wonder what that percentage may be in say, the nicer parts of San Francisco.
You are not doing the math properly. Identify the number of homes in tourist areas. Then divide by the number of short-term rentals. The percentage is much higher, easily enough to reduce housing inventory for homebuyers and impact housing prices.
@@izzytoonsshort-term rental properties are not exclusive to high tourist areas which already are not places that people tend to live long term to begin with, So the only people complaining would be those looking to buy vacation homes or working on a second or third property, or retiring there.
@@SovereignPics Hmmm. Okay. If destination cities are not the places people want to live long term, why do so many of them have such high population densities? I mean, SF is crowded because people want to live there. Santa Monica,. San Diego. Miami. New York City. Despite the fact SF and NYC are seeing some net losses in population these years, they are still insanely overcrowded because people want to live there. Airbnbs are definitely problems for the housing markets.
Now lets take places like the Adirondacks, Poconos, West Yellowstone, etc. Also places people want to live. Airbnbs screw up those markets, too.
Short-term rental do tend to concentrate in places people want to visit, and those tend to be places people want to live.
No matter how you slice it, until hosuing inventory is much, much greater, short-term rental property, owned by homeowners, or small businesspeople (with multiple properties), or hedge fubds, or private equity groups, etc., have together had a huge impace on housing inventory for people looking to buy a home. Between that and inaquate construction of affordabel housing (they just keep buying homes for affluent people, who can afford multiple homes), prices have gone through the roof.
Note: the average person in the 1% owns 9 homes, taking 8 off the market that others could be living in. Off course that has an impact. Ridiculous to say otherwise.
@@izzytoons I’m not saying it doesn’t have some impact, I’m saying the impact is minimal in comparison to other factors. everyone seems to want to just throw Airbnb under the bus while never mentioning the bigger issues. The numbers just say otherwise.
We wondered about the same thing! We see more and more short term rentals coming on the market because the recent buyers thought they could cover the mortgage with high short term rental charges. But with the large choice now, they financially can't handle the vacancies and loss of income out of pocket.
Airbnb works great for us, we remodeled a small hay barn into a 350 square foot cottage. We have hosted people from all over the world! It has been profitable and fun, best thing we ever did.
I gave up on Airbnb after my first two tries back in 2012. Both owners arrived hours late to give us keys etc.
The thing I like most about Airbnb and VRBO is cleaning my own room before I can leave the next day 😂 even though I paid a $300 cleaning fee
The last two times we had bad experiences at AirBb. We decided never again. We like hotels better.
Thanks for sharing your experience here with others on this channel
Finally some great news! Never cared for it! This massively greedy grifter trend needs to end.
It was a terrible idea. I’ve been renting in Airbnb for FIVE years because I couldn’t find somewhere to rent which has taken a massive amount out of my pension. I’ve seen children raised in garages so they can let their home out. It’s changed society. Greed greed greed. Appalling unqualified owners, appalling properties. Unemployment and closure of hotels.
Airbnb was great at first. It ruined my neighborhood. If you want to run a hotel, then buy a hotel. Get out of my neighborhood and stay out.
It’s not only this. Airbnb’s policies do not support the customer. While I’ve had many good experiences, I’ve had two bad experiences, and Airbnb did not have my back. Even in a case where there was a swamp gas smell coming from the toilet (permeating the apartment) and the back window was broken out (in Bogotá, where residents routinely have 3-5 locks on the doors), I had no support from Airbnb and ended up having to pay two further nights in order to cancel… yet I had to vacate the apartment within an hour. That just wouldn’t happen in a hotel. If a room isn’t safe or habitable, you don’t pay two more nights but have to leave immediately and pay for another place.
Thanks for sharing your experience with Airbnb and letting others know. Truly appreciate you taking the time to watch and comment here on this channel.
I’ve never used an AirbNb. I prefer the well run experienced professionally run hotel groups. None are perfect….but regular nobodies trying to run hotels? lol
You've never used an Airbnb, so why are you even commenting about how bad they are? You obviously have no real insight to share here,
@@kevinmach730 Friends who have used them said they were awful. You are referring to something that does not actually exist in my comment, namely “ how bad they are”. I did not mean to trigger you.
Airbnb has become a big ripoff.
Have yo stayed at a hotel lately? I just paid over $200 for a room and there was a truck outside at 4am, delivering things for an hour. Kept me up for the rest or the morning. Never agan.
@@micker9830 I've stayed at hotels recently. I always compare hotel prices with airbnb prices before I rent, and I travel quite a bit. Hotels are ALWAYS cheaper and 90% of the time they are nicer. Most affordable airbnbs are in REALLY bad neighborhoods and the owner always expects you to do a bunch of chores you wouldn't be expected to do at a hotel.
Good bye
Here in USA, a Patel Motel/Hotel is the best deal. Family run. Low prices, free breakfast, free parking, free WiFi, clean rooms, etc. Many have kitchenettes. Cost around $100-175/day. Europe has family run bed and breakfast… also good prices.
Curry smell is free!
@@TheyCallMeSir_H Currently, the Patel motel/ hotels are very clean. Not like the old days when they were dumps.
@@AjitMD Depends on where one is at here in the U.S.
I have a shirt term rental but use a management company. They clean it, book it, pay my taxes. I just sit back and collect on it. I have a mortgage and have to pay HOA fees. Most years I’ve come out a few thousand bucks ahead. Sometimes I’ve lost money. It doesn’t matter. I have enough money to pay for it if business is slow. It’s located a block from the beach, so as far as I’m concerned, its real value is that I have free available parking as an owner. It would cost $43 a day for me to park there otherwise. Plus I can use the pool and the hot tubs. So it’s like having a sports club membership. That’s all,worth it to me. I have $550k in equity in it. When I get too old, I’ll sell it for a huge profit and use the money for some retirement facility somewhere.
Frankly, the demise of Airbnb is not bad news. Rampant airbnbs have ruined many neighborhoods in my home.
Young people complain about how impossible it is to buy a house. I don't blame them. They are also among the bigger users of AirBNB's. AirBNB is one of the reasons why housing is so expensive. If you cannot afford a house, stop using AirBNB, not that I think hotels are that great.
Like you said, it started out as a cheaper alternative to hotels that benefited both sides. Now it's most often a lot more expensive than a hotel, you have to pay to have it cleaned, and complete chores as well.
You are always paying for cleaning if you don't do it yourself...
Guests trash homes and run the AC at 69 degrees all day for a 2500sq ft home, but want to pay $75/night for a group of 10 people.
@@Raumance which hotels charge a separate charge for cleaning? Yes, it's part of the fee and they are generally less than Abnb's lodging plus extra for cleaning. Also, the hotel doesn't issue a chore list. So, you are paying for cleaning and cleaning yourself at the abnb, not paying extra for cleaning and not doing any cleaning at the hotel.
@@constanttraveler Hotels don't charge for cleaning because it's included in the price...
Same for AirBnBs that don't have a cleaning fee...
This is why AirBnBs got rid of the cleaning fee because it's a hassle to manage. Just easier to charge more with cleaning included.
@@Raumance I just checked and there’s currently a place in Cincinnati for $99 for tonight with a $100 cleaning fee.
Have only used Air BNB twice over the past 10 years, not a bad experience, however I noticed in Porto the city has lost its heart beat. Porto only has tourists looking to stay as cheaply as possible, bored and wondering why they went there as it's now too crowded. Barcelona, where I live, would have gone the same way but the city council is putting a stop to tourist rentals. You cannot force local people out of anywhere and expect them to return just to clean the mess left by tourists, and tourists do not support local businesses so they go along with the culture.
I have heard of people buying multiple houses so they could rent out via Airbnb
After several shitty experiences, our family dont use air bnb anymore....
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
If you are in the USA, I hope you are going to vote blue, as red will rob you more - vote blue 💙
@@philstanton231no matter who
Everyone I know that is retiring or close to it, is loaded. Most GenX/boomers are doing amazing right now. Anyone who owned property and wasn't in debt before Covid, is loaded now.
It sounds like you should have made better life choices.
There is a lot of government assistance if need be. Some rent out a room or get rid of a car.
I had use Airbnbs since 2018, even staying in RVs, and boats, and went around the world twice, all while stayng in Airbnbs. From all over the US, South America, Austraulia, NZ, Malasia, Italy, France, etc. However, I have seen the costs increase everywhere, and have not stayed in an Airbnb in a couple of years. Even at one point I envisioned owning my own property to be used as an Airbnb, but saw the writing on the wall, and decided not to.
Your videos are always so informatinve.
My listing was always booked now… I’m wide open and I’m a super host and don’t charge fees or anything … it’s getting to cutting price further and further to get interest… then you get low income stays and it takes more time and cleaning and repair needs
Find a different business/investment? That's what other businesses/investors do when markets change.
It is difficult to understand how it took so long for people to see the negative impact that Airbnb has on rental costs.
Airbnb should be illegal in most cases. They are hotels in areas zoned residential.
You don't believe in property owners rights? You don't own property do you? Why should the government be allowed to dictate what a person does with their property? If you ever become financially secure enough to purchase a home I wager your attitude will change.
@@wolfmantroy6601 obviously there are local zoning laws which dictate what an owner can do with a property.
@@wolfmantroy6601 I have owned many properties during my life, including rentals, I would not like an Airbnb next to my residence. Recently I rented an Airbnb and felt uncomfortable for the neighbors. I am not opposed to Airbnb just limit them to an area zoned commercial.
@@At_the_Garden I would not own property or a home somewhere that restricted me is such a manner. No zoning or such regulations for me. I prefer to actually own my property.
@@At_the_Gardenit depends where the house is it. Mine is in a residential neighborhood. But being a college town, when the old folks pass away, the children come in and turn their home into a rental. Almost the whole block now is rental. So, I know my Airbnb will not bother anyone. But I have to say it is a little depressing. The whole street used to be families with lots of kids to play with. Now, it’s all gone
Thanks for this video, very informative and straight to the point!
You’re welcome! So glad you enjoyed this helpful video. Thanks for taking the time to watch and comment here on this channel.
Good. This company has killed the housing market.
I own several short term rentals. The two biggest problems, horrible platforms and municipalities ever changing rules. Abnb is terrible to hosts and VRBO is only slightly better. Municipalities ignore most of the positives STRs bring and want to add more and more taxes, fees and restrictions.
In my town the municipality want me to rent cheap to young people who work on the coast nearby. Serveurs in a restaurant and all the other jobs that run on tourisme. So I am expected to rent cheap to the workers who are only there in the summer when I can rent full price to tourists all the year round. People spit on Airbnb but forget that tourisme brings in jobs for people who have to live somewhere
I love Airb&b. We have 3 babies and it makes traveling so much easier. I don’t have to check in, plenty of space for everyone to spread out. We can cook our own meals with food we brought. Yeah it might be a little more than a hotel but I know that ahead of time and I’m still ok with it. If it’s too much I don’t stay there.
The hidden cameras are also nice
@@HonorableBeniah-Ahey robatron they put cameras in hotels too, way before, so shut tfup
@@HonorableBeniah-A = ignorant. .001% of Airbnbs have been caught with cameras. How many hotels are watching you? Every single one.
From the humble idea of renting out a spare bedroom to a made dash of greed. I'm never not happy when the greedy fail.
I used an Airbnb last year. It was dirty and I ended getting sick during my stay. Never again.
Because they are all like the one you stayed in 🙄 smh. Your ignorance is concerning.
@@wolfmantroy6601 You're mad lol
@@wolfmantroy6601 Go clean your dirty rental lol
$100 cleaning fees on $75/night rental, for example, killed it for me. As well as "two night minimum". Hotels have no minimum night stays and they clean up after you. AirBnB forgot it was a service industry. 'Twas greed that killed the beast.'
Welp. Glad I was able to use them while it lasted. We have used airbnb in 16 countries and counting. Out of the 35+ airbnb we have use we had 2 duds. Those duds were early on.
Airbnb is not going anywhere.
I have enjoyed renting an Airbnb or vrbo house when I go visit my daughter in North Carolina. It’s been fun to “pretend” for a week like I live there & I always rent a cute bungalow, on a cute street where the neighbors are friendly. I usually rent within 3-5 miles of where my daughter lives. I prefer this anytime over staying in a hotel. Not only is that inconvenient but it’s not “homey” & my daughter enjoys staying with me while I’m there. (It gives her a break from responsibilities at home.) It’s like a mini vacation for us both.
I’ve also rented cottages in St Augustine, Savannah & north GA. I’ve never had any issues & always had great experiences. You have to shop wisely. Some charge higher fees than others. I never minded keeping a place clean or stripping the sheets. Vacasa is who we book a condo with in Panama City & the same kind of rules apply.
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
Wow you give me hope
Am 49..am From Florida…
Scam alert!
Wow, unbelievable!!!