I sort of just stopped using it because it just wasn't a good price most of the time anymore. It's OK for some one-off unusual rentals or maybe for a big house for a large group, but travelling as a couple for short stays it just costs more than hotels these days for a less reliable experience.
The last bit you've mentioned: costs more. Worse experience. Once upon a time my wife and I used airbnb almost exclusively on trips. That was many years ago. Now, we just get a hotel. The price of an airbnb vs a hotel became almost the same for quite a few places such that we just decided to go for hotel. Something changed and the hotels won our business back.
I never did use them. I was late the party since I believed the marketing that it was for sharing a place, which is not my jam, but by the time I realized most listings were private stays, the prices had already gone up and hotels made more sense. And since then I’ve heard enough horror stories to avoid them forever.
Airbnb isn't worth it for short stays or as hotel room competitors. It's much more worth it if you want a lot more house, want somewhere with the facilities to stay longer, etc.
I was done when they told me I had to clean the bathroom, wash the sheets, and mop the floors. And they would still charged me for a cleaning fee. We canceled so fast and just split a hotel instead
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!
Most people are unable to handle a fall since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.
People often overlook the value of financial advisors until they experience the downside of emotional decision-making. I recall a few summers ago, after a difficult divorce, when I needed help reviving my struggling business. I did some research and found a licensed advisor who worked diligently to grow my reserves, even amid inflation. As a result, my reserves grew from $315k to around $740k.
I tried looking into new strategies to profit in the current market because my portfolio has been in the dumps for the entire year, but everything I tried just seemed to miss the point. Please let us know who your asset manager is by name.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
AirBnb died the moment they allowed all of these property management companies to list on their platform. The fees are utterly outrageous and there is always a BOOK of rules, regulations, and chores so thick that you can’t even enjoy your stay. I’m over it.
I think about 2015, I went to a tough area on tge Southside of Chicago. For $35, it was their tiny living room/rehearsal studio. It had a piano/drumkit.They hung a sheet over the archway. It was right by my gig..a great experience. Had breakfast in their kitchen with them.
That is a total disaster. The best stays I've had have been when the person has an ADU or pool house or something that they rent out. I wouldn't even consider using the service anymore, simply isn't a good deal, but those were genuinely good experiences.
My simplified read on the whole AB&B thing is that everyone just got greedy. AB&B realized the profits they could make by simply adding fees and fines. And not doing anything to stop the fraudulent damage and repair cost claims against guests. Most of the hosts started jacking up the prices just because they saw home sale and traditional rental prices going up, without adding any actual value into their listings, all while doing little to no services of any kind. Then of course the investment firms started pushing their way into the market when they saw the potential gold rush.
Thats what happens when you have a monopoly, even Uber took 14 years to become profitable. But Uber was fighting off 3 other ride share services and it's still in debt. Also it doesn't help when everyone else wants to buy land and gain a monopoly and remote work makes land expensive. People abandoned georgisim when cars happened because Suburbs became viable and more land was available. Now we have everyone fighting for land because of artifical scarcity with zoning laws
"Most of the hosts started jacking up the prices just because they saw home sale and traditional rental prices going up" Then they were incredible stupid. If these hots don't even know who their competition is, they're destined to lose. You're competing against hotels, not other rentals.
I recently looked at Airbnb in Melbourne for a holiday. The difference for a 4* hotel and a airbnb appt was $20 for a 4 day stay with airbnb being cheaper. I went with the hotel because they'll clean my room every day
Precisely why I never used them. I can get free breakfast, have a gym, pool and housekeeping. Why would I go elsewhere and have to pay the same? #GREEDYBASTARDS
… and yet we would do the opposite as a young family with small kids. AirBnB properties “generally” provide better amenities than a hotel for a family with young kids. We don’t need staff coming in and annoying us.
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
Please how do I connect to her? My funds are being murdered by inflation, and I'm looking for a more profitable investing strategy to put them to work.
Natalie ’ really seems to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her.
In a nutshell: It went from offering travelers an authentic affordable stay with locals who make some extra cash on a spare room, to overpriced short-term rent filling the pockets of real estate overlords. Creating an artificial housing shortage and pricing out residents from long term rental in the process.
Stay with locals sounds terrible. What's nice about airbnb is when you need space thats more accommodating and potentially affordable. If you want a 1 bedroom hotel room that can easily been 300+ a night. Many airbnbs even now are less than that. While i disagree with many Airbnb policies, it offers more to more ppl than staying with locals. And it has a niche that's hard for hotels to fill affordably. Staying in Tahoe with family, need 4 bedrooms can rent a cabin for like 500-700/night. To book 4 hotel rooms in the same area would be 1600 easily.
@@trevnti That's exactly what VRBO dominated. And far better: you could speak directly with the friendly owners, exclusively, get rate discounts based on stay length, and negotiate rates. Had they rebranded earlier, offered a UI/Experience not so Craigslisty, and pivoted towards the marketing BnB did, they would have stayed there. We've had roughly 30% of airbnb stays with direct owner communication. That is seldom the standard though, and far under half of the stays actually do. More importantly, they're not through a paywall/secured booking reservation to get to them. While you may think you're getting to them, you're usually just speaking to a ManyChat ai bot versed on the policies, SOP, and features
unfortunately though, what I'm getting from this video is not that those leaches are going to suffer & housing go back where it's needed, but rather the leaches will just change platforms, while contining with short term rentals
It was the cleaning fees that turned me back to hotels. Having to pay a fee and still be required by the host to clean before we left was something got under my skin. And there was one occasion that the fee increased about $100 per guest per night, and that immediately out priced itself over a hotel
I just don’t want to clean. We stay at hotels and we collect up our own trash, put our trash in bags, fold the used linen, and place our trash and used linen by the door for the room service. I’ve stayed at Airbnbs where they wanted us to sweep, mop, wash the linen, fold it the linen, wipe down the bathroom, wipe down the kitchen, clean the fridge, and take out the trash all while still charging us a cleaning fee. What’s the cleaning fee for if I’m the one cleaning?! Lol Airbnb and these Airbnb hosts can all lose their investment and I will not shed one tear.
I used an Airbnb once. The rate was good, but the rules were hard. The places that needed to be cleaned...including the oven if I used it. To undress the bed and leave the sheets in the bathtub but separated from the towels. Since my flight was leaving late in the day, I asked if I could stay later and just pay a late checkout fee but there was no option for that. I had to be out by 11am as the locks on the door would automatically change and I would no longer have access to the place. The owners were nowhere near me but via a text and if I had an issue, I would have to text them and wait till they responded. Lucky, I had no issues. I decided to just use hotels. I don't have to clean before I leave. I don't have to worry about the door lock changing if its one-minute past checkout time. I can pay a late check out fee in some cases and still have access to the room or, at least leave my luggage and stay at hotel until its time to leave. Also, the cancelation fee is tough on an Airbnb as opposed to a hotel.
I suspect thats more about getting around the rules on the advertised rental rate. Regardless of the product, I am always suspicious when a supplier has hidden costs like that.
My issue was that a lot of the cleaning fees are just built into the price without being built in. You can do everything the host asks and leave the place spotless and they'll still hit you with the fee because it's a part of their profits.
It's a real problem in the mountains of Colorado. You have these people who are no longer able to afford in the mountain towns that they work in, because people are buy up properties for short term rentals and are even lobbying the government to build more housing. And people go: "Well, more housing means the people who live there all year round will have homes." No, they wont, because those new houses will be bought by people turning them into short term rentals.
At some point you’ll add enough housing that the short term rental market in an area will be maxed out. Land developers in mountain towns, with or without Airbnb, were always going to favor building higher margin real estate aimed at vacationers. If you say no Airbnb in these mountain towns developers will probably just build more hotels that will be harder to turn into long term rentals when they age and loose their luster.
@@Hans_Peterson That's the issue. They DID run out of land to build new houses in. So now they're petitioning the Colorado government to sell them state park/nature reserve land to build more houses on and the government is going with it.
@@TimmyTheNerd there’s probably a myriad of building restrictions imposed by local governments that prevent denser housing from being built in these mountain towns. The responsible thing for the state government to do would be to not sell nature reserve land and to strengthen property rights to lessen the power of NIMBYS at the local level.
Until the demand is saturated to the point where STRs aren't any more profitable than rental housing. The reality is that we need to build way, way more houses almost everywhere. In the meantime, we need to regulate STRs to limit the number that can be in service in a given area, but there's no reason not to keep building to fill that demand as well.
I was the cleaning lady for a few luxury air bnbs this summer. The most expensive unit was over $1500/night. The cleaning fee was $200. I was paid with that fee, except the hosts kept about half for themselves plus about 10% for cleaning supplies. So I made ~$90 every time I cleaned that unit. What the hell was the rest of the cleaning fee for??
To answer your question on ‘the hell was the rest of the cleaning fee used for’: To cover their other costs and profit, because it doesn’t matter to the host or the guest how the total price is composed. Only the total price matters. Cleaners often assume they’re entitled or underpaid by whatever the host charges the guest. The host has the right to even charge $10 for the stay and $1000 for the cleaning fee. It doesn’t mean $1000 is the market rate for cleaning the unit, nor that the stay is only worth $10. Besides wiggling the #s around to hopefully get more bookings, many non-cleaning related fees roll up under ‘cleaning fee’ from the guest display - linen fees, management fee, property use fee, resort fee - these are all line items hosts are allowed to charge for by checking the box on the back end of the Airbnb website, and they all show up under ‘cleaning’ on the guest’s checkout invoice. The host has the right to charge whatever bogus fees they wish to charge to help cover the costs of the operation, or to profit (just like the cleaners aren’t cleaning at-cost, they are making money too). The cleaning fee changed to the guest is 100% irrelevant to however much the cleaner is being laid, and the cleaner has the right to set up as the price regardless of whatever the host is charging. On the flip side, I charge my guests a cleaning fee that’s less than what my cleaners charge me, because I don’t want the cleaning fee to be the deterrent to gaining the booking. I started this setting from day 1, because back when the cleaning fee basically wouldn’t show up until guests were about to confirm and pay. Just didn’t want to scare the guests away. Never have I heard my own cleaners or any cleaner in these online discussions conclude that my cleaner should be making only how much I’m charging the guests, and not more. I do hear all the cleaners gossip about this host and that host charging their guests more, though, but no one ever asked me why I don’t pay them less or why I don’t charge my guests at least the actually cleaning cost. The opposite side of the same coin / your logic would suggest that no cleaner should ever get paid more then what the host is charging. Some hosts in my building charge $0 cleaning fee. Does that mean their cleaners should clean for free?
The commenter above me gave a good response. I'll just add that it would also help to cover some of the depreciation of housewares than need to be replaced every so often like towels, sheets, mattress pads, bath rugs, etc.
Amen. Well said. The cleaner also has zero overhead, doesn't take the 10pm calls from guests, deal with maintenance issues, has no liability, doesn't pay for supplies, pay for PMS software, insurance, deal with broken items, manage running the business, deal with cancellations, legal agreements, etc. The list goes on. We pay our cleaners well above market rates, but they have a limited low skill job - clean - and then they are done. We handle everything else and how we breakdown a line item for cleaning is our business as long as they are paid well. @@FuzzyGreyPenguin
@@FuzzyGreyPenguinone huge contradiction of a comment their Ma'am. You are the exact type of people this legislation is targeting. Enjoy! 😂 The example they provided doesn't make your point look good. Never met a house cleaner that doesn't have their own cleaning supplies as the owners are NEVER there to restock those things. Basic toiletries should be rolled into the incredible profits, among other things, that you have over normal long-term rentals. Greed greed greed and you and many other fail to see the consequences. If there is limited property, like Hawaii for example, Airbnb's are poison to the community. If you are renting a condo outside a city that would be different obviously. Be kind to your labor, not just in practice but in the comments.
@@lvega5606that's rolled into the profits (2X normal rent rates for 6 months of bookings.) It goes both ways bud. Like the poster above you said, the fees are just bad business, similar to tipping culture going on for everything it seems now.
I meeeeeeeean… have investors EVER just accepted that investing comes with risk? Haven’t they always, as a cohort, whined and moaned and even effected massive, long-term state alterations in order to reverse the effects when risk doesn’t pay off?
Is that whining and moaning or is it acknowledging the risk and therefore taking steps to mitigate as much risk as possible, albeit with no concern for any of the other parties involved. Js, there's a rational reason for this behavior. People running large real estate and investment firms aren't stupid or bad at making money. They're ruthlessly effective at it and they play for keeps at the expense of the public.
They will certainly tout that motto when backed into a corner. "I'm CaRrYiNg All tHe RiSk HeRe, PeAsAnTs". As if them being inconvenienced by losing some money will put them into a similar poor-house. Oh, how they cry, how they cry.
@@Jeebus-un6zz I don't think those two actions are mutually exclusive. And I definitely think it's a mistake to characterize these people as "not stupid" and "ruthlessly effective." I work for an investment firm. These people are as human as anyone else and are, on average, far more prone to failure - because they can afford to fail. They can have as many do-overs as they want. They just obscure or explain away their failures (case in point), while highlighting their good fortune and characterizing it as meritocratic success. It's classic survivorship bias. They, as individuals, are not particularly effective at anything.
Yeah I honestly have zero sympathy for them; they straight up contributed to the housing crisis that's keeping people my age (late twenties) from owning property/renting at affordable prices. Is it entirely their fault? Nah, but that doesn't mean I'm not taking notes on their contribution.
I'm not sad, either. These Airbnb bros have devalued neighborhoods and brought down quality of life by renting out party houses. They don't care about creating noise and problems for the neighbors. All they care about is money. Luckily, my suburb banned Airbnb's years ago.
I used to love AirBnB but their prices started being on par with hotels so I might as well stay in a hotel where I don't have to worry about the hotel being able to rate me and I don't have to clean up thoroughly afterwards.
it depends where, most places I stay, hotels are still cheaper (especially for more people), plus there are areas such as smaller towns where there just aren't any hotels in those areas, air bnb would be perfect for those.
is it a US thing? in my anecdotal experience in europe, airbnbs are usually 1.5x to 4x cheaper than hotels, and cleaning is usually fully included by the provider (it is not expected that the guests take out the trash / mop / do laundry / and so on)
@@nicolas.predellaIt is a US thing! My experience with Airbnb all over Europe is amazing, my experience in more than a dozen US states with Airbnb is horrible!!! In Europe what you see as a price per night is actually a price per night. In US there is a price per night and then there is tax, and cleaning fee. Cleaning fee for properties I stayed in ranged from $70 to $200 for 2-3-4 night stays. And then there is a rule book where it says you’re expected to remove the sheets, take out trash, sometimes even turn on the laundry machine😂 Its horrendous. Not to mention that overall cleanliness to begin with is so low in US compared to ANYWHERE in Europe. So yeah, it is a US thing. Not to mention that I had a situation in US where a host cancelled a couple of hours before I arrived and I was already on my way. In the US, they treat it as a business and Im not sorry for all the hosts that are now struggling. In Europe its still the same as it always was and I never met anyone in Europe whose profession was “Airbnb host”.
@@raphaellavictoria01i wouldnt say hotels are entirely safe, i mean if front desk staff wanted they could go in anyones room, just like house keeping and maintenance have master keys as well.
I recently saw a rental that was $80 for a night, but the host added a $200 "host fee" and a $200 "cleaning fee". I got a hotel for $77 a night that included breakfast and parking. Bye Bye Air BnB.
@@jenniferbond7073 yup this is basically why i stopped using it. the cleaning fee and host fee was wayyyy higher than actual price of the stay. The price of one of the airbnb was 101, the cleaning fee was 300. what the heck?
I rented an Airbnb once when I was having surgery in another state, so I booked an apartment for a week to recover. The day before my flight the host cancelled my entire stay, so I had to scramble last minute to find other accommodations. I ended up settling with a hotel because there were no comparable Airbnbs at such short notice, and I couldn’t afford for some random person to cancel on me again. Not to mention, the number of misleading hosts who say you’ll get their entire apartment or house, only for somewhere in the fine print to say that it's only a bedroom and you’ll actually be sharing with their family and/or other guests makes it too sketchy and unreliable for me to ever use again.
AirBnbs are far too noisy to recover from surgery. Just this year, the Brisbane AirBnbs I've stayed in had: 1. an unemployed drug addict partying until 2am each night in the room next door 2. a family of 5 kids in the basement crying and arguing all night 3. really badly behaved dogs that barked all night 4. a weird homeless guy on the couch in the private guest area using the guest toilet 5. the host's kids coming into my private bedroom and bathroom to use the toilet in the night while I was trying to sleep. I left the drug house AirBnb and checked into a motel and the kind motel lady said she's had so many bookings from people leaving AirBnbs that were filthy, cockroach infested drug houses. She'd heard so many AirBnb horror stories. And the price I paid for the motel was only a tiny bit more than the AirBnb.
@@caravanlifenz I could say much the same about different hotels I've stayed in. Being charged for vandalism that I didn't do, roaches all over the place, rats, cleaning staff whom I caught searching through my luggage, cleaning staff sleeping on my bed, maintenance staff entering the room without knocking while i'm naked. Everyone can have a bad experience. A personal anecdote is not really good evidence.
If you're renting out a spare room in your home to travellers that's one thing, but if you're renting out whole properties you're a hotel and you should be subject to all the same regulations and taxes as any other hotel or motel.
Exactly this. I've used AirBnB and still do, but I only really rent out the spare rooms for during travel, and it's usually a very fair price... sometimes a finished basement for $50 a night where a hotel in the area would be $100-120
I believe it's because of the way Zoning Laws are set up. I don't recall many jurisdictions having laws against people allowing residences owned by people or LLCs to make money from folk staying there for a few days or weeks etc.
It also depends how long you rent them out. In Wisconsin the motels reimbursed my coworkers that stayed there for months because there is no tax when renting the rooms for month’s. It’s considered a rental or lease. At least that’s what the guys staying there told me.
Worst accommodation experience ever was at an Airbnb which was described as a "luxury" townhouse charging about $400 a night, but had dirty stinky sheets, bugs crawling all over, and full of cheap old furniture and leftover food in the fridge. Owner refused to give even a partial refund and so we moved to a five-star hotel for $50 more per night. Airbnb doesn't even make any sense anymore.
@@dsgcloud6092 I'm just kidding, the town home next to me was turned into a Airbnb and there's some weekends I live through actual hell, even the drug dealer down the street turned his place into a Airbnb. Maybe he gives them a free bag of weed with each stay lol. Everyone has their definition of four and five star when they're listing them versus what a four and five star actually is
Same thing has happened with the taxi industry in Australia. Uber was a major disrupter, but now taxis have raised their game, and are sometimes cheaper, cleaner, and more reliable than Uber.
@@echoecho6445no, in a taxi, you pay the actual cost of operation. That's the thing, your driver bears the actual cost of operation, and in the case of rideshare the bulk of what you pay goes to the corporation and screws over the driver while you expect "5 star" service while paying your driver 3rd world wages. That's why you suck.
I live in Thailand, a popular tourist destination. My apartment complex has 4 blocks of apartments and quite a few shops and ammenities. When I just moved to this apartment in 2019, the complex was filled with long-term renters like myself. It was a lovely community that I enjoyed being a part of. In the past four years, our complex has been completely overrun by Airbnb hosts (and subsequent guests). One host (most likely a company) bought up 30 units - they are not even here - there's a massive digital locker with codes and keys for all their units. Many of my old neighbours were told their leases wouldn't be renewed, while others simply couldn't take the chaos caused by guests anymore and moved. It's become a horrible revolving door of entitled, rude tourists who don't follow any of the ground rules, treat the local workers in the complex like they are hotel employees, and just generally cause havoc on the property. The kicker is that Airbnb is illegal here in Thailand, but like many laws, it's a law only on paper and not really enforced.
I'm surprised someone hasn't smeared superglue all over that key locker. I've heard of people so frustrated with AirBNB taking over buildings that the actual residents work to sabotage guest stays to elicit bad reviews to discourage future guests.
I had to move out of my apartment in the US because the landlord made it an airbnb. It was his choice, now rentals are down and they want long term tenants to come back. I prefer to go where I am wanted as a tenant. It doesn't matter if airbnb is illegal, because the concept of short-term rental is all about supply and demand. More regulations will not fix anything. There are many websites to get a short-term rental, airbnb is just one of many. Are you against the concept of short-term rentals?
I can only imagine. I Mr was apparent immediately when I’m condo building voted to allow more renters than was currently in the bylaws….. people starting for a few days at a time would be a nightmare.
@@TC-cd5smthe problem is Thailand don’t even get much Tax with their free VISA for the tourists and when Air bnb is illegal, how can they collect tax when it’s illegal? Mostly money will go to the corrupt police.
People started by sharing their spare bedroom at home with tourists for some extra cash, then others decided to go all in and bought investment properties with the sole purpose of renting them out short term. And that’s what went wrong with Airbnb, same way it went wrong with Uber and other ride sharing or food delivery services. An idea that was initially focused on getting more out of under-utilised resources in our spare time turned into full on business models, and all of a sudden the individuals have to deal with the usual hurdles that come with running a business, while unable to benefit from the economy of scales that big businesses actually do enjoy. Taking a few passengers along on your way home is convenient for you and cheaper for them; buying a new car and driving passengers around all day, on the other hand, is operating a taxi service for a living and there’s a huge difference.
employing "underutilized resources" was just a hope, or even a ruse. The main effect was to motivate people to provide services they would have never considered doing, by making it "easy and casual".
Exactly this. I'm actually someone who still uses Airbnb in its originally intended way -- which is to say that I always select "private room" options, never "entire place". I actually like being able to meet the hosts and chat with them, since I solo travel pretty often. I think this has contributed to the fact that I have never had a bad experience in my more-than-10 different Airbnb stays across the US and in other countries (knock on wood). Literally stayed in an Airbnb in Vermont a few weeks ago and it was great. But its really the large corporations and people trying to make this into a business that has ruined it. I've heard and read plenty of horror stories from both guest and host perspectives.
@@lateinbloom Agree. My husband and I have stayed in airbnb's hosts homes and almost always met the owners. Once I was trying to book a hotel in Florida and when I called to reserve, I was quoted a price far above what their website said. We went w airbnb instead and it was great. But I do understand people w kids want to be right next to the beach, use the pool, etc. We saved money because we were in the minority.
Most Airbnb renters are massive companies trying to make as much profits as possible. Also i hate the lack of service if you lose your key or need to store your luggage for a bit its fine in a hotel but its a hassle in an airbnb, i also noticed it is not even cheap anymore. I used Airbnb in the past but now tend to go for normal hotels at least you get a consistent proffesional experience there rather than whatever.
Yeah I travel year round and there are places that real estate companies are listing sections of gated communities and they're terrible to go through as a customer. They expect the world from you and provide the absolute bare minimum. Ironically when I had issues with wifi config I was able to solve the problem more quickly with some random grandma in rural Iowa than these braindead corporate property managers.
Not Really, Every place we stayed it was family owned. Very Friendly. Hotels are for sure owned by only a handful of Massive Companies. Hiltons, Marritts etc.. I rather spread the wealth to the common people and stay in short term rentals.
90-95% of Airbnb properties are listed by individual hosts, not massive companies. The listings may be *managed* by large service companies but the properties are mostly owned by individuals vs. corporations by a large margin.
I remember travelling to Prague and Budapest in the early 1990s. Arrive at the train station and people standing on the platform would ask you if you want a room. You liked the look of them, asked the general area and they pointed it out on a map. You went with them to their house or apartment, looked at the room, said OK, gave them a small fee (by western standards) and you had a clean simple room, usually, breakfast with your host and an interesting experience. Turn it into a business and it all gets ruined.
Yeah but not everybody likes to travel like this, it's nice being able to prebook, and have a desirable place to stay. Especially if you're not traveling solo. Or you're not a backpacker. My fiance is a backpacker but i'm not. While I disagree with a lot of new Airbnb policies, it is nice to be able to rent suitable accommodations for sometimes less than a hotel or more accommodating than a hotel
Well, you could get into a crappy hotel in a unfamiliar neighborhood in a unfamiliar city. The nice looking guy could hand you to a ganster-looking receptionist to whom you dare not to say no...
Right, I remember that’s how I found a room in Budapest around 1990/1, a woman who called herself mama Helen, approached me, holding a clipboard, dressed head to toe in leopard print, we took a taxi, I was able to communicate in my limited German, had a great week in her top floor Beaux Arts apt - single lightbulb per room, overflowing toilet, a few other backpackers staying there, very memorable time and very low cost.
Three houses in my grandmother's neighborhood were sold to people who turned them into Airbnb rentals. That was less than ideal in a quiet, residential neighborhood, and it was technically against city code, but my family figured it wasn't that big of a deal. Then we started seeing the whole street packed with cars as businesses rented the houses for their company parties, or people rented them for wedding receptions, big parties, etc. They'd bring in DJs, bounce houses, and food trucks, and although they usually ended the parties when noise ordinance kicked in at 10 PM, that often still meant a whole day, and sometimes whole weekend of noise and cars and general disruption. So we reported the properties to the code enforcement arm of the city, and we haven't seen any big parties since. I'm not sure if all rentals have stopped or if the owners are being more judicious about whom they rent to, but the main problems have seem to have been rectified. It takes a certain sort of arrogance to buy a half million dollar house you intend to rent as an Airbnb in a place you know doesn't allow them, and I don't have the slightest pangs of guilt for messing up someone's business under those conditions.
im a host who evicts at the first sign of a party or gathering. I provide off street parking and limit guests and vehicles. Being a responsible host isnt hard,but too may douche bag investors buying multible propertys and not living on the property or very near is the problem.
Recently went to playa del Carmen, mexico. There was a proper "aparthotel" that provided a kitchen, living room, nice clean room, housekeeping, all on the main avenue no more than a 10 minute walk from the beach. A comparable Airbnb was roughly 30% more expensive and usually not in the same locations. Hotels have upped their game and Airbnb is just pointless nowadays.
The consistency with some hotel brands is a good selling point for me. Sometimes I want a continental breakfast at my stay. Get up early, get some pancakes, hot coffee ready to go with my muffin. Airbnb sure as hell won’t have that. Sometimes I want extra towels or perks to go with my stay. Airbnb sure as hell won’t have that. Sometimes I want to stay a night and then leave in the morning without having to do a wiping and cleaning of every part of my room. Airbnb sure as hell won’t have that.
well it's not pointless. It showed the hotels that guest want a kitchen... now hotels are adapting. IMHO it played a crucial role in the market. Hotels came form a world where only the rich were travelling, and when they did they ate out all the time... I've been using airbnb for a decade because I'd rather pay 2$ and make fried eggs & a bagel in the morning than pay 15$ to eat out. The amount of hotels offering kitchens will rise, but it's still very low. So as much as airbnb is "dying", it won't be a quick death. As for Playa, it's a resort town that lives by it's own rules. The vast majority of the town is rentals of one type or another. So the whole hotel vs airbnb is just very different there. In fact i'd say hotels make up a very small portion of the rentals there. The majority can be rented directly from owners either directly or via a myriad of short term real estate agents. (stayed there many times & extended family actually owns multiple condos there, so I know that market)
@@steverogers7601you also can't bring your family of 6,8,10 with you unless you want to rent multiple hotel rooms. I do get the free breakfast thing, but some people vacation with large groups. There's room for both. Airbnb as a company are greedy. They charge host fees but they don't host! All the taxes including hotels are a rip off! I advertise mine on Craigslist, FB, IG and I don't charge fees. Just the per night stay and cleaning. Hotels are a rip off. You're just renting a bed!
Airbnb is the perfect example of what is wrong with big tech, their "piss on my leg while telling me it's raining" approach to their business. Sure, at the start it was a novel service, but at scale it's just a hotel/property management business. Like Uber, it's just a taxi company. But they'll insist they're 'just' connecting people to people. It's so infuriating to everyone who isn't a business lawyer.
I've worked for a few tech companies and nothing makes my skin crawl more than "disrupting blah blah industry". I'd rather hear a company say "We're going to create a good product that is of value to our customers". Half my former Bay Area based tech coworkers were obsessed with figuring out a start up idea that would get them a boatload of VC money, but they also were obsessed with solving their own first world problems, resulting in ideas like "Drone delivery of tacos at midnight". To a degree, Uber and AirBNB were a reaction to certain industries that weren't innovating with the times, such as taxi companies or some hotels. But greed tends to ruin good intentions.
Agree and people have realized that not only are they not getting value, but hotels at least provide safety and give you services. They are like hotels where you are paying for zero services and they acted like this was some big disruption to the industry. I am glad people are waking up. The private taxi apps at least have some value in areas where taxi service is poor and you can get one anytime you want and you do not need to carry cash. They have problems too but at least there was some space out there for that service. Airbnb? Not. It was 100% this worked for Uber now try it here.
I live in a tourist destination. Airbnb and other short term rental apps destroyed the housing market. Homes were bought up for an extreme price and immediately put on Airbnb for vacation rentals. It made it impossible to buy a home or even find an apartment. As a firefighter in that town, we are fully volunteer. Airbnb put a huge load on the emergency system as the people who own the homes don’t live in the same state, so they would just call 911 when a tenant needed something. Towns finally banned Airbnbs and the effects still are around. Airbnb ruined so many peoples lives and cost tax payers so much money. Screw Airbnb and alternatives.
Cleaning a property is a dealbreaker for me. I am not a messy person or a messy traveler, and I've never trashed a room or any accommodation for the simple reason that I'd hate to be the cleaning people who have to pick up after ungrateful slobs. I will not clean my own room, however. That is what I am paying for. I clean my house, I clean my bathroom, even when a dinner guest pisses on the seat. Don't expect me to vacuum and make the bed. That's the hosts job.
Having to clean at the end of your stay is really a bit of a damper. I will gladly pay a bit more to have a holiday accommodation cleaned for me. (This was also true in the days of renting holiday homes from paper catalogues, not all of those included cleaning either.)
As an Airbnb host that charges zero cleaning fees, I agree with you. Guests should never be asked to clean. And thankfully my guests are reasonable enough not to dump bags of chips in the bed or anything crazy like that, the worst I ever had was a dog pooping in the bed but accidents happen and I didn't charge the guest any extra.
Sad part is, I have actually rented through AirBNB more than once and got the renters agreement afterwards that had many chores listed. Ridiculous to not know up front.
Following the path of most good investments: 1) Founders and early adopters clean up on profits and make the most money as it moves to main stream. 2) Early main stream folks make good profit, but decreasing over time 3) Late to market bag holders who got in during the peak/start of decline have increasing losses.
Talking about a less reliable experience, I would like to share what happened to me this year. I was spending some time in the US this year and wanted to take a day off with my wife. Choose an airbnb for a lot of the reasons cited in the video (having more space, our own kitchen, etc). Paid for the room, and the host simply never gave us the code to open the door, we got in contact with airnb, which made us wait for 2h to say they couldn't do anything other than refund 20% of the price, that was almost midnight. Now imagine you are in a different country, you book a room, you can't get inside the room and the company that you paid fees to rent the room is saying they aren't responsible for your accommodations. If that happened in the US where we had phone service and 24h customer service and it was an awful experience, imagine if you are traveling somewhere where communication is much harder. Why take the risk of not having a room again, knowing their policy of leaving you high and dry? Give the host a fee, find me another airbnb, but solve the problem your platform is responsible for. I'll never use airbnb again
What until your stuff gets stolen while you're staying at AirBnb. It's amazing how many AirBnbs claim to have locks, and then you find out it doesn't and the host and his drug addict flatmates raid the room for valuables when you're in the shower. AirBnbs are a modern form of mugging.
My experience: in Germany, rental simply didn’t exist, host not reachable,Airbnb not reachable, had to get a room in a crummy hotel. Airbnb told me that if I had called (which I had tried of course), they would have found me an alternative. Instead they gave me a credit for the next stay. 😮
@bibirennt3691 I also know people who booked an airbnb room months before an international trip (I think it was to Portugal). The week before, the host canceled their reservation. Now try to find a place that fits into your planned budget with a week to your trip
Me and the rest of my apartment building were given 1 month notice to vacate. I lived there for 5 years, rent paid on time every month. The reason for asking everyone in the building to leave: the building owners were turning all of our units into Airbnbs. Absolutely disgusting that this was ever allowed.
As a homeowner I am glad to see this industry crumble. It may cause my house's value to stop rising, but that's ok. I'm sick of seeing people who work hard be unable to buy a house because they are always underbid buy a scummy renter. I've had many apartments and roommates over the years who I treated fairly charging a fixed amount no matter what that represented as close to 50% of the bills as possible. I've always felt in the pit of my gut that if you invest in something just to take advantage of people who are less fortunate, then you're going to lose in the end. So ya I can't wait to see all these investors forced to sell their homes to families who need them.
@@sarsaparillasunset3873 Only problem is if I have to get a damn business license and go through a mountain of red tape to rent my place out once, then I'm just not gonna do it. It's not worth the hassle. Since that's going to be the case for most home owners, it's only going to make supply plummet, and therefore demand for home rentals and hotels will skyrocket. That's why regulation is a bad idea. If Airbnb gets greedy, then a 100 other clone companies will step in and ensure the home renters make it cheaper by their rules, And people will use those other companies because they see cheaper rates, and thus demand for airbnb will plummet. No need for government to be involved.
"The rent of land, therefore, considered as the price paid for the use of the land, is naturally a monopoly price. It is not at all proportioned to what the landlord may have laid out upon the improvement of the land, or to what he can afford to take; but to what the farmer can afford to give." - Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, Book I, Chapter XI "Of the Rent of Land"
@@Elimbi1 Yep, it's called "rent seeking" and it means the landlord can extract a large amount of money for adding no value. Like how it's become a growing trend with airbnbs to charge a cleaning fee and then also request the guests to do their own cleaning- a charge for no value added.
Henry George figured out the only true way to design an economically fairly under a democracy. The value of natural resources, especially the land, is the right of all, and thus you must pay a fair tax, the fair market value, if you wish to monopolize it. No other tax should be levied: the product of mans labor should be solely his own.
Air bnb is fine in places where hotels aren’t as viable an option, but in any modern big city it’s just not worth the cost, hassle and uncertainty when a hotel room is often better located, simpler, and can be more cost efficient.
Yep especially with growing popualtion in cities. In ny there was more airbnb then long term rental apartments and since homelessness is bad already the incoming migrants made the situation even more dire for actual homes. So it was easy descision to make in my eyes
@@andergarcia4953 NYC Airbnbs are terrible too. I have no idea why anyone would choose to live in New York it's just so expensive and you end up living in a shoebox with no AC with 4 other random people. Fuuuck that.
I find it the other way around. Airbnbs and short term rentals are much easier and more flexible to your needs. They are also in much better locations in cities. We had the Elfin Tower right outside our bedroom and living room windows. At 1/5th the price of the hotels. You can not beat that! Plus they gave us taste of their foods, free coffee and drinks there as well. So much better!
Yep. Use both to your advantage. People who only say one or the other is better aren't serious users of hotels or airbnbs. So many factors depending on the trip, place, number of people, length of stay, cooking options, parking, etc. I use hotels and airbnbs at my disposal. One is not better than the other.
Imagine going on vacation, and having not only to clean somebody else's house, but having to pay 30% more for "cleaning fees". And it's still more expensive than a hotel. No thanks.
No one is asking you to scrub the toilet, mop floors, scrub the tub, clean the oven wash the linens and make beds. (Which is just a small list of things the cleaners do between every guests stay) Guests are asked not to leave a refrigerator full of food or their trash in or around the property. Simply removing YOUR trash and YOUR items is NOT cleaning the house. There’s a distinct difference and it’s astonishing to me that some people don’t understand that.
Comedian Tim Dillon got banned from the AirBnB platform after he refused to pay a 400$ "COVID cleaning fee" which then led to a rant on his podcast that got him banned.
@@wendabonazza5536some don’t treat other people’s places well. I always leave in clean condition. Not fully clean but tidy and sheets in washer. Not exactly difficult. Takes me maybe 15 mins
One thing really killing AirBnB right now is their absurd cleaning and processing fees. You'll see a room for $80 or something but when you actually check put it's like $115. Well I can find a hotel for that price and it's much nicer and more convenient.
"You'll see a room for $80 or something but when you actually check put it's like $115. " That's not the host. Most likely that is the taxes that get taken out for the city or county.
Funny enough I think Airbnb actually made my preferred hotels significantly better and cheaper. All the sudden the prices dropped and the service quality went way up. Love you Holiday Inn!😅❤
As someone who owns a cleaning company that specializes in short-term rental services. I would chose a decent hotel 9/10 times!! The issue is slum lords who use Arbitrage to acquire properties and the refuse to pay a decent wage to cleaners or put any money into the actual property. It blows my mind that people pay to stay in some of these places.
I don't have a problem, lol it's just frustrating dealings with slum lords. I solved it by eliminating the stress of our hosts and property manager by being a one-stop shop for everything supplies, linens ,laundry, trash service, lawn care, maintenance, etc, instead of just cleaning. STR are investments, and there are entire property management companies dedicated to acquiring properties and managing them, so by eliminating their stress, my companies get paid by providing all of the above services that I mentioned. We spend $0 on marketing, and they add about 4-6 properties a month to our portfolio.
We're seeing institutional investors and property management groups moving into Hershey. In my neighborhood, a duplex, four-unit apartment, and four homes (out of about 50) have been converted to short-term rentals. Four neighbors we knew, including two elderly ladies, were turned out of their long-term homes, and lower middle-class homebuyers are now priced out of the area. When you take a short-term rental, you've done your part to destroy neighborhood connections and make it harder to buy a home for the next generation.
If they have been renting for more than a few months they can still sell their houses even with a slight market value decrease, and be profitable. Only those who sell after the a potential crack will get in troubles
@@100tonen even the people who still make a “profit“ are still in trouble. Taxes bills/mortgage suck ass. And no telling how long it takes for those houses to sell and how much they sell them for depending on how bad your debt is you might be forced to rush and sell at a loss. And I imagine that’s their full time job so when it blows up they won’t have much to fall back on
@@asonofliberty3662If its just a sell off theyre in for a good deal because of the housing shortage, they're in for hell if they want another property since interst is crazy
It just gets me so upset that the community around me is struggling, Airbnb homes took away homes from the community. I get it some people want to make a bag but, it’s wrong when it literally affects families. I want to buy a home in my town, but I swear I’ve seen “Airbnb ready” so often it’s sickening. It’s a home for people to live in.
Air BnB destroyed the village I grew up in. Outside of school holidays, every single property is empty. Due to there being no permanent population anymore, the school, church, pub and shops have all closed. They were replaced by an Air BnB office…
in my city in Australia there is a rental crisis with not enough housing for the amount of people applying. You see apartment buildings with 50 lockboxes outside. It makes me so mad. I am considering having to live in a caravan park. People are having to live in places meant for tourists because they are taking our proper housing. Politicians all have investment properties so they are happy with the status quo
I stayed at an airbnb that advertised the room as 119.00, but there was the 3% tax on top of the local taxes and a 60.00 cleaning fee on top of that. I compared that with my recent stay at the Marriott, and it was $60 cheaper to stay at the hotel. The airbnb only offered a kitchen as a difference, but I had to do the dishes after. Uber eats is less painful and tedious. I am strictly back to hotels.
One impression I've gotten from the video is that the "short-term rental bubble" has burst because the investor-owners using Airbnb are essentially having to "play the same game" as (i.e. directly compete with) established hotel/motel chains. The budget chains (and rival short-term rental services) can often undercut on price, while the higher-end chains can outcompete on amenities, reputation and the general perception of being "more honest" about pricing (no "cleaning fees" and demands on outgoing guests). Especially considering certain local governments and homeowner associations are now cracking down on these things, I expect that it will only be a matter of time before the investor-owners are mostly out of business and what's left will be the "share a room with a local" group Airbnb pushes so heavily.
I think you nailed it. In expensive locations you can save a lot by cooking whichever meals are not social engagements, so a kitchen can be a big plus, and worth the effort to keep it relatively clean as you go along. But if there's a hefty cleaning fee at the end that pretty much would defeat the purpose.
That's the free market, isn't it? I'm sure all these capitalist entrepreneurs understand that no investment provides a guaranteed profit. It's the risk that makes it exciting!
@@MiorAkif -- while part of that is true, when you don't control this world & that includes the fake fiat financial system NOTHING is fair. If you think the world being mainly evil is something to just accpet, then there's nothing more for us to talk about. The evils made most of their money initially in the banking and use usary and brainwashing to make trillions off of us. Then of course stealing ta.xes from us (the majority go to them off in EU) and then getting everyone addicted to drugs & selling them drugs & that's both rec & evil pharma. You have no idea how evil this world is and the worshipping of MONEY is one of the biggest (not only) issues. That's how they control their evil collectives who do their dirty work for them & then the 99% does the same thing b/c they model themselves after EVILS and their evil behavior. It sounds like you worship money over Natural Law. And I used to be an entrepreneur, but I have a Conscious and I woke up to the Truth back in 2015 & it's only in the last 4 years have I learned how bad things are. Before I was only studying part time, since the war started, this is my full time job. Just give it this year & if you haven't already started feeling the collapse of the WORLD economically, you will. I've been watching it unfold since the war started in March 2020. Of course they were playing games with the economic system long before then, but this is it. Pretty soon no one will have any money & the mafia government will come offering you their CBDCs so long as you be a good little boy. They are set to steal EVERYTHING you own if you can't hold it in your hand. They even told us they were going to do this years ago. No thanks, I don't believe in SLAVERY, I choose to FIGHT
I actually did like the aspect of staying in a bedroom rented out by someone who still lived there. I've stayed in some amazing AirBNBs that way - an attic in Roanoke VA, a 17th century farm house in Massachusetts, a converted backyard garage in Petaluma, CA. Those hosts were all excellent folks who gave us great restaurant recommendations and a lovely experience at a reasonable price. But with the prices now reaching hundreds of dollars a night, I'd rather just stay in a Super 8 for $60 and have a place to shower and sleep and bring my own soap.
exactly. its no longer what it was sadly. greed took over. they want as much as hotels now plus you clean and get charged to "clean"-i mean hell these places all i moved were the sheets, and im paying you 60 dollars for cleaning? there went the savings on my 3 night stay. I lost my phone in mexico, i had an airbnb we were leaving for another down the coast. airbnb wouldnt help me with anything, they wanted to send a code to my phone, THAT I LOST. I stya on hostels whenever possible. Im traveling for the area and experiences, not to be plush comfortable as if i were home. whats the sense!
@@whateveritwasitis When you say "they want as much as hotels now", please understand that it's not Airbnb that asks these prices, it's the hosts. People, deep down, are greedy and uncaring, and don't give two fucks about the rental stock shortage that their Airbnb listings create. If Airbnb and Stayz disappeared overnight, approximately 200,000 houses would re-enter the rental market across Australia, which would effectively triple our current vacancy rate which is currently sitting at an absolutely diabolical 1.2%... Turn up to any rental inspection in Melbourne and Sydney at the moment, and you'll see anywhere from 50-80 people inspecting the house over the course of 6 ten-minute slots (within a single hour) the realtor gives prospective renters to check out the whole house. Over a week, close to 1,000 people will inspect every single rental, many of whom will begin bidding up the price of rent to secure their place.
The worst thing about using AirBNB are the insane and arbitrary “cleaning” fees. They often charge up to $300 for a small place. But for some reason, you still have to clean everything and take out the trash. In LA, $300 gets you two maids for like 4 hours. Those places are never that clean.
yes i'd get a list of chores ( A LOT!) which would take a good hour to do when i wanted to just get out and on with my day or to the airport or whatever AND they would charge me $100 for cleaning!
I was recently in a hotel in Geneva which had a shared kitchen, hostel style. In a city where restaurants tend to be fairly expensive, that´s a huge benefit for many travellers, with almost no downside to the hotel (it only served breakfast). If more hotels implement simple quality of life solutions like this, they become really competitive with AirBnBs.
Airbnb was so nice in the past. Now every property is run by a third party company, keycard doors, no contact with the host but with an agent - it’s wild
I once stayed at an Airbnb that wanted you to sweep the floors, wash the dishes, and start a load of laundry. There were also signs on just about every single surface telling you what you could and could not do. One of them said “no shoes,“ and within an hour the bottoms of our socks had turned black. There were signs on top of the toilet tank, on the fridge door, the sliding door to the back deck, the fireplace, the inside and outside of the front door, and next to the sinks in the bathroom. that was the final nail in the coffin for me.
That seem to be American thing. We rented a cottage called bear house or so in ash fork. They charged 30 dollars cleaning fee and left a horrible rating because we didn't clean dishes or take out the trash. It's in the middle of the bush!
Had a similar experience here in Colorado that was advertised as quaint and lovely hosts, etc. The instant we arrived, we had to remove our shoes and wear Crocks ! Also, no food or drinks inside our rooms not even water! I'm also done with air bnb.
Compared it to nice hotels on the last trip I took with my kids and the hotels were cheaper and significantly nicer. I added everything up and saved over 400 by staying at a hilton. It was crazy to me how the offerings on airbnb were so high for crappy old houses with new paint and zero amenities.
The main problems that I have with Airbnb is that they offer pretty much nothing but charge so much money for our rentals. When we encounter issues with home owners, they almost exclusively side with the home owners on almost any issue. Plus, the fee standardization is very unclear and basically home owners can do whatever they want. I have home owners asking me for money when I check in (even though I have fully paid when I booked), home owners charging extra for cleaning fees (at times cleaning fees can be 70% of the rentals) etc. Besides, when home owners cancel our reservations, they are not required to compensate us with anything but when we cancel our reservations, we have to at least pay some of the money...... The concept can work but Airbnb is too greedy and too sided with home owners, causing them to collapse/.
I worked for a airbnb rent property company who had hundreds of houses all over texas, outsource guest communication from the Philippines.. the whole thing was wild .the amount of houses that would sit empty and they would pretend to rent out just so they wouldnt get in trouble with airbnb. I got laid off a month after being hired due to them not having good sales. Guess it was a blessing in disguise
To be clear, AirBnB is not actually worth more than the legest hotel chains. Its stock is just more valuable because there’s a massive tech bubble b/c everyone thinks that tech stocks only go up.
@shamrock7599 Wait, what do you mean can you elaborate further? ( not criticizing genuinely curious allways was under the impression that tech companies had to provide a product of value or like get investors to invest in a future idea) 🤔
Northern Minnesota here as well. I've been looking at real estate and many, especially lake hmes listings state that they have AB&B listings that you get if you buy the place. What if I just want the place to luve? What happens to the listings? Real estate has doubled in the last couple of years here in lake country.
@@seameology my favorite is some of these people have started to sell slowly and they cant get what they want. Rural mn is gonna be a bloodbath due to airbnb. But that works out for any locals.
Local regulatory changes on AirBnB drove a lot of this. Really a bad idea, harmful to resorts, harmful to long-term residents, harmful to almost anyone except a seasonal property owner looking to sell.
I live in a small (5000 ppl) town in a touristy area. In the 2000s, investors started buying all the houses and flipping them, which priced out first time home buyers. Then in the 2010s these investors switched to turning everything into Airbnb rentals. It’s next to impossible for locals to find a house to buy or even rent now. And the few places available are either newly renovated and incredibly expensive or extremely old and rundown…and still expensive.
Investors should be forced to sell or penalised for empty properties. Also progressive taxation bands based on the number and types of property they own. Barriers or protections need to be put into place to ensure first time (local) buyers who actually intend to stay in the homes are prioritised.
Former Airbnb housekeeper here, the majority of home owners steal the cleaning fee. Leaving half for the housekeeper. They’ve never worked in the hospitality industry and are therefore unprepared mechanically, with inventory, & general standard practices within the industry.
I have so little sympathy for people going bankrupt because they over-levered themselves on short term rentals. Fools were duped into thinking it's easy to own real estate. I love the core concept/idea of the platform but hate what it has become.
Agreed. There is just something inherently slimy about profiteering off of property in my opinion. Everyone deserves a home, yet it has been turned into this gross commodity that is effectively creating a modern day feudal class system, of the haves and have nots. Things really need to change. Unfortunately in Australia where this is one of the worst places in the world for real estate, our politicians are all completely invested into the real estate market and wouldn't change a thing..
@@larion2336The reason real estate is such a good "investment" is because it's state endorsed feudalism. When every parcel of land and every individual home is owned by the feudal lords (real estate corporations) nobody will ever be able to buy a house because your just a measly serf that can't outbid a mega corporation
Well as a struggling 80 year old, being able to rent a room out to travelers has helped considerably with my being able to pay my property taxes.@@larion2336
How did they over leverage if the extra property was making extra money for them until the government said at halftime they can determine want they can do with their private property
I use Airbnb for when we travel as a family, but for solo/couple trips anymore I get a hotel room. The fees and cleaning expectations are getting ridiculous.
This is what stops me from using airbnb. Seeing all the places that charge a ridiculous amount for a cleaning fee, then they expect you to still clean everything yourself.
The concept only ever worked back when it was people that genuinely had a spare room in the first place, and enough spare time, that it made sense to allow people to hire it out. It was doomed the moment the investors and entrepreneurs got hold of it - mortgaging properties specifically for rentals, or turfing out permanent renters in favour of short term.
the host asked me to leave a 5 star reviews and he said he will do the same but i ignore him then i get a bad review. I cleaned the apartment very well just left a little bit litter near the door because no tool t, after that no host would accept my request lol
what really is bugging me with airbnb is the inconsistency and the surprise that awaits you.I did a roadtrip for two weeks this year in central Europe and tried to get a hotel whenever possible. Well, even though i booked 3 months earlier, for my group of people there was sometimes no other option than airbnb left (apart from spending 2-300$ per night/person in an exclusive hotel). Just let me say: The worst rated hotel was better than any of the airbnbs. They ranged from control freak landlords that put signs next to windows and toilets how to use them and that improper use would account to x amount of fine blahblah, to not mentioning that the flat/house owner has pets (cats) to be specific (very nice for allergic people...) and messy houses (at one we had to enter from the garden door and it was just piles of rubbles laying everywhere (broken chairs/tables, old barbeque, etc.). But the cherry took a flat that was not cleaned and was so nasty we cancelled the apartment and cut the trip 2 days short. Say what you will about hotels, 99% of the time you get a reliable, clean and comfortable stay for the night. With airbnb it is all hit and miss.
AirBnB used to be cool like a decade ago. It got to the point where it became more expensive than cheaper hotel chains like Best Western or Holiday Inn. And it became more expensive like 10 years ago. And then there were all of the hidden fees that started popping up that were put in by the hosts: The entire, final price after taxes and fees should be what is displayed when you are looking (hotels are also guilty of this too). And all of the bullshit rules so many of them have. I'm sorry but I am not doing the laundry for the sheets and towels before I leave. That is ridiculous. I don't bother even looking at AirBnB anymore. Hotels for the win, and I don't even really like the hotel industry, it is just leaps and bounds better than AirBnB. And I don't like the idea of being rated as a customer. If you cause any problems, they should be able to report you to the company and the company should be able to ban you if what you did was egregious, just like hotels can. And none of this is to mention how it is negatively impacting the ability of people to find a place to live by fucking up the rental market.
As far as the rating system goes it works exactly how you're saying in practice. Sure, hosts can see your rating and decline you based on that, but they won't usually. If you act like a normal person, the review system is so much harder on hosts that they're incentivized not to start bad blood with you because you can hurt them way more than they can hurt you in most cases. You're right about washing sheets and stuff too though. Cute they think I'm going to do all that after paying $200 for a cleaning fee. Absolutely not.
It's only become more expensive in the past year or two. Now you have to really search for a place that's cheaper and where you're not the maid and paying exorbitant cleaning fees. Still, can't charge my Tesla at most hotels for free.
We used to always get an Airbnb for our California Disney trips with two families. A few years ago it was very worth it. Now with the prices waaaay more than they used to be, cleaning fees, having to clean up everything yourself (essentially the make the renters housekeepers), a hotel is way convenient and cheaper.
im happy you mentioned the cleaning fee because that became ridiculous. Just wasn't worth the hassle anymore when you get a better service and peace of mind with a hotel
Japan caught onto the potential damage from AirBnB early on. I lived there for years and many of the apartment complexes had outright bans on AirBnB. There were still listings, but you could tell they were illegal because of the weird hoops you had to jump through to get inside the building
I rented an AirBnB in Japan where I had to walk past a big "AIRBNB NOT ALLOWED" sign in the lobby and then another one outside of the elevator and then another one INSIDE of the elevator before getting to my unit. Spent the whole time afraid of getting arrested and deported lol.
There was an arbitrage opportunity, it was exploited, those folks got rich, everyone else corrected their prices and offerings, and now it's collapsing. Invisible hand doing as it does.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
But “as clean as you found it” doesn’t mean you actually cleaned it. It means you picked up after yourself. I am a host even if you left it as clean as you found it still would have to be actually cleaned with disinfectant and treatment, like the toilets and the toilet bowl, refrigerator, microwave, toaster, coffee maker, oven, stove top, sinks/faucets, door knobs, food and table/counter surfaces, dishes and putting them away, towels and bedding have to be washed and replaced. Also a fresh toilet paper, trash bags. Even if a guest left the place “just like you found it” I would still have to spend a minimum of 3 hours actually cleaning it. Just saying most guests don’t know how work it actually is to make a place feel “new” for the next people (if you’re complaint in following the health and safety guidelines for operating a short term rental). I know many hosts skimp on the law and don’t clean like they should, but do most hotels. I haven’t found an actually clean hotel in a long time and we mostly stay in hotels ourselves.
@@itshadouken then your “cleaning fee” should be incorporated into the regular renting price, or called “disinfection fee”. Normally fees are for extra services. You will agree that guests feel cheated when they do the cleaning themselves to avoid paying the cleaning fee only to be told that fee is mandatory.
@@pansepot1490 Nope, it should not because it’s a different activity so it’s taxed as an expense not as revenue. First time eh? You are basically saying there should be no fees or taxes ever but there are for keeping track of what’s being billed for what. The nightly rate is pure revenue but cleaning is an expense on my revenue. So when you file taxes those fees are separate. Hotels don’t have to do this because they’re cleaning staff is hourly. When you manage just 1-3 STRs and do most of the cleaning yourself then that’s how it needs to be done and that’s why it’s done the way it is.
@@pansepot1490 Cleaning is a lot more work than just disinfecting. So, if your cleaning fee is $100 and your nightly rate is $80 then with your genius plan how would that be included in the nightly rate? 1 night would be $180, 2 nights $130, 3 nights $113… 7 nights $94 per night. So basically there no way to give someone accurate nightly rates in your genius plan.
The damage this app has done in states that don't regulate it is hard to even grasp. Some cities just renting an apartment is way out of touch with reality
I wish it were that simple. I'm in a banned Airbnb city and out costs are still at all time highs. It's the city governments taxes and giving breaks to investors. So the investors can't Airbnb. How housing is bought up to create crappy neglected apartment complexes
O it blew my mind in Arizona just 1 company bought 7 rows of Aparment complexes that barely had the foundation set up to turn into exclusively Airbnbs these were like 150 to 200 hundred tenant complexes. When I started digging around with some investors I met people with 2k plus Airbnbs I straight up did not fathom it
Has the app done any more damage than the blackrock's of the world and the large institutional investors and funds buying up thousands of houses and hiking up the prices? Even Zillow got caught with their pants down and they were not in the short-term market. Housing is far more complicated than just airbnb. Government regulations that prevent people from building new units is also a major issues in a lot of cities. If you cannot create new inventory because of zoning, councils, laundry list of permits, then they are also contributing to the problem. Airbnb is just one of many players in a much larger game.
I got sick of the hassles when you can just check in to your hotel without the 10 codes, 2 different keys to get in, 15 rules of the house. Most of the listings are inaccurate and overpriced with too many rules. Then I realized they started listing properties to only let you check in after 4pm and check out at 10am. The hosts became GREEDY.
About the check-in and check-out times you mentioned--Hosts have to do a much more time-consuming cleaning process because of COVID regulations, so the down-time between checkout and check-in has gotten longer. The room has to be aired out prior to cleaning, for the safety of the staff, then cleaned and then surfaces sprayed again and left to dry out and the room to air out again, for the safety of the guest. Also, the previous guest may have left a really huge mess and it can take hours of work to deal with it, especially in cases of pets, parties, smokers, perfume sprayers, messy cooks, and illness. And, your hosts often are working a regular outside job too, or have to pick up kids at school, etc, so time to clean between guests is needed. If you book the place for more than one night, your next days will all be full days; if you want to check in early or stay late, just book the previous or following day as well, so you can arrive or leave when you want to. It still will cost less than most hotels!
Actually, I feel completely gross putting my feet on someone else's rug. Sleeping on someone else's bed where they have sex (although hotels are the same, but still), but I totally understand the American perspective. Hotels are so unbelievably expensive in America, and the rooms are subpar compared to the continent of Asia and what they provide. A 5-star hotel in Bangkok is 100-130$ -- that same hotel in America would be 500-1000. Just unacceptable. So, DON'T TRAVEL TO AMERICA! LMFAO@@Jl-pm6fp
My final straw was when I lived in Sonoma and the wildfires hit at 3am in 2018. Everyone was fleeing and we had to evacuate 35 horses we were taking care of and ourselves plus our 2 dogs. After moving all the horses from 3am to about 9pm to the Sonoma racetrack we had nowhere to go but our truck and horse trailer. We spent the night sleeping in the trailer with just blankets. There were no hotels as they all had mandatory evacuation so we resorted to trying to find an Airbnb. Not only did all the local airbnbs raise prices, most of them refused anyone with pets regardless knowing people had no where to go. We finally found one place that allowed us to rent but it was an hour and 30min from the racetrack and we had to feed/check on the horses everyday. They charged us $450 a night and we had a BOOK of rules plus they tacked on a huge pet fee. Our dogs are both Australian Shepherds and are highly trained working dogs. They are not wild destructive pets. They required we cleaned the house, washed the sheets, mopped, ect. Which we didn’t mind doing at all, but then got charged a cleaning fee for their maids to come once a week. They only allowed us the rent for 2 weeks then said there were other ppl interested and they wanted to give others an “opportunity” to stay to be “fair”. We luckily had a friend open up their guest house to us and we stayed there for about another month until it was deemed safe by the fire department to go back home. After that I swore I’d never use it again. They literally preyed on people fleeing that had no where to go. All hotels in the surrounding area that weren’t under mandatory evacuation were full too. After that, we packed all our stuff and moved back home to Texas.
I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.
For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
You are right! I’ve diversified my $150K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $330k in net profit across high dividend yield stocks, ETF and bonds.
@lowcostfresh2266 Actually, I'm not sure if I'm allowed to mention this, but I'd recommend looking up Laurel Dell Sroufe because she was a big deal in 2020. She manages my portfolio and serves as both my coach and my manager.
@@TomD226 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I used to be a Trip Case Manager with Airbnb's 3rd party call centers. (24/7 Intouch for those curious) One of my very first calls was helping a landlord relist all of his recently acquired apartment building, the *entire* building, as individual Airbnb locations. The man had went out and purchased a local complex to reopen it as short term airbnb rentals for way more than they were going to have been making renting them out like normal. (assuming they could fill them every night, etc.) Like dude, at that point just go open a hotel and stop taking away local affordable housing from people that need it.
A lot of people want to stay in apartments for the short term rentals not hotels. Mind you short term means anything less than a few months, like three months is also a short term rental really (if you don’t think so try and rent a long-term apartment for a couple of months, good luck). A lot of people don’t want to stay in hotels for weeks and months, they want to stay in apartments. It’s a different experience so you can’t just say “go open a hotel instead”. It’s a different kind of housing.
This is common in a few areas in Greece. Buildings are purchased for the purpose of being turned into Airbnbs, and regular folk are driven out of their homes which they can no longer afford because rent is getting higher.
@@antondubkov Right there is the problem with AirBnB. If it affects the local housing availability for the people who live in the area, then what some AirBnB landlord wants doesn't, and shouldn't matter for shit. Fortunately as this video explains, that is increasingly case. And if some AirBnB landlord loses all of their money because of an obvious cash grab scam, then the world becomes a slightly better place,
This has been a huge problem here in Canada. The BC government invested in building low-income houses, which were then bought by people who converted them in Airbnbs and rented them for prices that none of the locals these houses were meant to be bought by, could afford to rent.
It's insane. The cleaning fee is more than the actual place, plus they still want you to "clean up" and have instructions for how to organize the place before you leave. Check in at 4, check out at 9... might as well stay in a hotel. It's cheaper and more convenient.
I don't get it. In a 4 star hotel they give you toilet paper and clean towels, they tidy and clean your room for you, you get breakfast, air conditioning, and a mini fridge that they restock for you. Everything's taken care of. Ya know, an actual holiday. Why would you want to go on holiday somewhere where you are basically having the exact same experience as back home, having to make your own food and do the dishes? Doesn't sound like a nice, relaxing holiday to me...
I totally see your point. As a single residence Airbnb owner, we would never ever recommend that a single person, or even a couple for that matter, rent my house. The amenities of a hotel are almost as convenient and the price more affordable for that faction of the general population. That said, you are stuck in a 3-400 hundred square foot space with little to no privacy or character to offer. Our house is 3 bedrooms in a quiet wooded area, two sunrooms, large kitchen, 17oo hundred square feet, multiple seating areas, firepit and grill, on-site laundry and two blocks from a popular lake destination. It sleeps 10, easily. No hotel offers that. It's just a different experience. And, when two or more families want to make a trip together, cook their own meals instead of ordering expensive and crappy room service, the average price per night is actually LESS than your average chain hotel -- yes, even IF you include the cleaning fee involved. So, the mileage varies by family, as it should. As a family who owns a single Airbnb, we are looking forward to a reduction of crappy, institutionally run Airbnb's in our market, because we believe there is still a real quality proposition to be had for the right vacationing family. We enjoy communicating with our guests and love getting feedback and positive reviews. So, all of that is to say, it's not completely fair to paint every Airbnb owner with the same brush.
Yup! Thats how I feel in Hotels. They nickle and dime you for everything. Even things you do not want or need. And it just a boxed room for Pete Sakes!
I was a early adopter, along with uber/lyft, on a trip with friends they couldn't believe that we rented a private house for a few days and I could call a cheap taxi from my phone, it made our trip very affordable. Now a days hotels are usually cheaper with all the extra Airbnb fees now
Airbnb is one of the biggest reasons (I know there's others) why home supply is low. Hosts are buying 2, 3, 4, houses with the intent of making them into Airbnbs. The low supply of houses available drives up houses prices.
House supply is low because not enough houses are built to keep up with demand. It's basic economics. You can't tell people what to do with their own money, if I want to buy ten cars, or ten houses, that's my problem. If the supply of houses doesn't match demand, what needs to be since is new housing supply should be built, with the least bureaucracy possible getting in its way. This is a government led fallacy because they never want you to realize that the only thing getting in the way of housing supply being built is their own stupidity.
@@user-iu1ru1qz7u Look up "buy and leave" and "ghost blocks." There *is* enough housing. A lot of it is being deliberately withheld by investors to create shortages.
I’m definitely guilty of falling into the Airbnb trap, although I only ever owned one rental property and not multiple. I bought a 3Br on the Texas coast, with an ocean view, and it was purchased before housing prices went insane in much of Texas. I was getting tons of rentals, but after fees, taxes, and upkeep costs, I never even came close to breaking even. And as the video mentioned, the prices you end up having to charge aren’t even any cheaper than a decent hotel. Not to mention, I had my brilliant idea around the same time that thousands of other people had the same brilliant idea, which led to an extremely saturated market. Needless to say, I am no longer in the Airbnb game.
There are hundreds of things that beat that when traveling. That's a pretty low bar. Slamming hotel doors at all hours of the night, drunks guests in the hallways, hearing people through the walls, housekeeping knocking on the door, construction noise, only having one bathroom, not having a comfortable place to relax then than a bed... All things that happen regularly at 5 star hotels. I travel for work regularly and hotels suck. Not to mention room service is way overpriced anyway. I'll take a great vacation rental on any personal vacation over a hotel any day.
The rules in an Airbnb we stayed at recently in Seville included the threat of being "immediately expunged" if the neighbours complained about any noise. Yet the same neighbours walked past our door every night after 1.00am making enough noise to wake us up. Yet we had no authority to "expunge" them. That rule really pissed me off.
@Milkmouse1966 have you ever heard "you chose that so don't complain "....Also, if you can afford to stay in Airbnb, you can afford hotels or hostels...
I refuse to use this type of lodging when I travel because it takes away permanent housing. This is a major factor why there is a housing crisis in cities around the country.
This and other non air B&B short term holiday lets make me SO angry! I’ll never be able to own a home in some small communities I have dreamt of living in my whole life like the Scottish Highlands and Hebrides because any home that does go up for sale is immediately snatched up by a greedy landlord and is developed as a short term let which is just destroying these communities. So instead of a person who would have joined a small community living there permanently it’s instead just a revolving door of tourists some of who will likely damage/pollute the country side, park in passing places on one way roads, park their car in the private residences of others and not read the sign, park in front of cattle gates etc and tourists will only be there for a few short weeks during late spring and summer. So that home is just… lying empty for the other 7-8 months out of the year! Like… that’s so unfair! It makes me so angry to see it when I’m someone who love more than anything to live in a cottage in a small village in the highlands and contribute and get to know my new community but I’ll never get to thanks to greedy bastard landlords
I used to travel extensively and use AirBnB but yes, all of a sudden there was long cleaning lists that were excessive (every cleaning item listed plus trash out and down to the street) and we're paying a high cleaning fee (half the time for them to do it themselves). It started to feel like a rip off, and the places weren't THAT great to warrant a bunch of work and rules (when we are clean, quiet people coming in that they should have just taken the money and not wanted so much from us). I was just like, forget it, I'm going to a nice hotel.
Exactly my experience, in last few years quality drops significantly. This summer was using Airbnb in turkey , no soap , no toilet paper . And we are speaking about apartments range 80-130 $ . So in future only hotels …
@@staedtler0021 Saying "only hotels" is foolish. Use both to your advantage. I've stayed in airbnbs in 15+ countries and never had a "cleaning list." In most places they only asked us to take out the trash so it didn't attract ants or bugs if they didn't come to clean the apt for 1-2 days. Totally reasonable. But I tend to stay longer than 4 days -- we usually book 1 week or 1 month stays. A hotel would be terrible for a month, and for a week a hotel is often not great unless the hotel is a certain quality. Being able to cook is great, having more fridge space is great to stock up on some eggs or food, or if we need more than 2 beds the airbnb is better. Having our own balcony, pool, hot tub, terrace is much better. Hotels can be bad quality too. I've stayed in hotels with bad cleaning, loud noise, knocking on the door at 8am for housekeeping. etc. I use both hotel and airbnb depending on the trip and the location.
@@Originalman144Airbnbs are great in that's it's providing competition to hotels but the practise itself is very bad for the locals since they jack up rents creating tourist cities where the locals are driven out and just generally create more noise and pollution.
@@googane7755 These are theories. There is very little evidence that “locals” would we able to buy the property in prime locations anyway. In most cities there are locals that can pay high prices and locals that always live outside the city. The property still have to be remodeled, refurbished, etc and this cost money. More noise and pollution is also a theory- there are many variables for this statement to be true. If someone rents an apartment for 1 month to work remotely and relax, they are probably creating less pollution than having for example 10 different groups stay in the property during 1 month for 3 days each. It’s a very complex equation. And not the same for every city. Locals pollute too. Locals also make noise too.
I live in Paris, the city with the highest amount of Airbnb's in the world (in raw number, not percentage of total real estate) and I can tell you, short term rental is VERY far from collapsing. Despite the local government limiting to 120 a year the number of nights you can rent your appartment as airbnb, it is still over 3 times as profitable for landlords to rent short term rather than long term in the most sought after and profitable neighboordhoods of the city center (like around Notre-Dame or the Marais), in part due to purchasing power differences between locals and some tourists (USA, Norway etc). Oh yeah and also in part due to the fact that a lot of landlords don't care and rent them illegally as the video said for LA. There's been a war between the local parisian government and airbnb to know what the numbers actually are (oh and airbnb actually say that the vast majority of owners renting on the platform are actually "modest income families renting their main residence", yeah sure, the low incom families that go on a trip literally every week-end) I guess it probably isn't profitable to buy an appartment in these neighboorhoods just to use as short term rental because of limits put on rents, but, you know, like in the USA, this reasoning doesn't work for baby-boomers who bought the properties back when it costed a few years of an average salary. And also, since real estate in large cities is just financial speculation to some, short term rental is just a way to make an even higher profit once you re sell your property 20 years later for 4 times the price (actual numbers of growth of the square meter/square foot in Paris)
Yeah of course it still works in one of the highest visited tourist destination in the world. Problem is these things are in every city and town and the market for most marginal markets and even many solid Airbnb properties that used to make money don't anymore. Try making triple the rent in Nebraska or Indiana. Yeah there are small pockets where the model works but everyone outside these areas are taking a bath.
@@michaelharris8598correct. Like all real estate it's hyper local (location, location, location). While Paris may not see a collapse a significant correction is likely.
It could be true that the majority of owners on the platform are renting their main residence. Meanwhile there could be 5-10 major real estate companies who run 90% of the properties. Very common statistical trick.
I did Airbnb once and it was NASTY!!!!! The moment we got there, I saw so many horror stories that I knew I needed to film and take pics before I entered and I’m glad I did. The bathroom was disgusting, the beds were slept in and the sheets were YELLOW!!!! The towels were used and honestly it scared me enough to leave and get a hotel. I’m never using an Airbnb ever again.
Airbnb lost me the second they let a host attempt to charge me thousands of dollars for damages I didn't do, that the host HERSELF did to spite me, thinking she was getting back at me for being a "scammer". The scam? Taking her word when she said she was helping me with car trouble out of the kindess of her heart and not because she wanted something back. What I got out of it was a 4k accusation of ruining all the carpet in a room and gouging scratches in her table, burning it up and ruining the enamel on the wood. Guys- I stayed there 10 days barefoot and cooked once. I am a quiet, diligent college student with anxiety, and I was there for an intership-I would never cause thousands in damage that I can't afford, accidentally or on purpose. I paid for therapy after that fucking trip. Never again
@@xlixity you literally don't know me, and why are you making it seem like thats some little thing. When you don't have much to your name and you have an anxiety condition it can put you mentally out of commission.
@@obli475Bro grow some balls. She may have been wrong but being dealing with it like a man would be better in the long run brother. Hit the gym and move on. No one cares about your anxiety.
I moved to a very touristy area in West Virginia and in 4 years airbnb has changed the whole community from a town friendly vibe to only hotels and short term rentals it is very sad what this company has done to communities around the area. Multiple friends and my family would love to live in the area but cant because of these short term rentals.
I wouldn't blame the company for its success. The people who invested in buying homes & renting them out are to blame for the outcome. I get it, it's gotten really out hand. Plus, there are other companies & apps that contribute to the problem.
@@ShadeVictoria Happened to a small island my parents live on. All the boomers got extra greedy and instead of renting to the folks who work on the island at the stores/gas stations/school because they could get some more money through ABB. Now the greedy whores have no one to run the gas station or the grocery store and I couldn't be happier, avarice is it's own prison.
@@snickerdoodles787 Look up Harpers Ferry WV we get over 500,000+ people a year visiting it is the Appalachian trail, the river, the headquarters of the Appalachian trail and a historic hot spot. Not to mention it is close to DC , Virginia & PA so a lot of people from those states come to visit. You probably have never been to the state :|
Another lovely issue is the uncontrollable spread of bed bugs. Private hosts often don't have a clue about how to prevent that problem from occurring and spreading. Hotels, at least, should know better.
Airbnb ruined my life. Five years ago I was living in my dream home by a river when my neighbour sold his house to an out-of-town airbnb investor. That home was turned into a 24/7 party house, thanks in part to a swimming pool in the backyard, outdoor sound system and multiple bedrooms allowing up to 20 person accommodation. Despite every legal option I could take and weekly police visits, after 2 years of noise, trespassing, trance music at 3am, a sleep disorder and on the brink of a nervous breakdown, I sold my house at a loss. There is no going back mentally or financially; and given my age (+70), I'm only beginning to recover financially. It's taken 6 years for me to regain a healthy sleep pattern. I'm sure there are many victims like myself, who suffered tremendously during those initial Airbnb days. I will never support the idea of setting up mini-hotels in residential areas, and cities are only slowly changing policies thanks to one obvious outcome: the current housing shortage.
I never use Airbnb here in the US, but when traveling to Mexico or other parts of Latin America, I've always had a great experience. In one town for example I recently paid $20 a night for a crappy hotel in a tiny room with a horrible mattress; there were no "nice" hotels in the area. So next time I booked an airbnb and for $25 a night I got an entire 2 bedroom/2 bath apartment with a kitchen and wifi, and the beds were good quality.
Nobody speaks about how they destroyed the long-term rental market in some countries. The shortage in long-term rental properties created a hike in those rental prices. Now working single professionals can’t afford to live independently.
Ireland is gone to the dogs, record homeless numbers which seemed to disappear during covid when many more homes opened up because nobody was travelling and renting them, and as soon as lockdown ended everyone is back on the street and even more people homeless.
@@craigpardy6204 was that due to rentals or government actions? Australia has a major housing crisis right now too, during covid we didn't, cause the government paid for hotel rooms for all homeless that wanted them, rather than anything relating to actual houses
@@mehere8038 mainly due to rentals, the government had put an eviction ban in place, but as soon as it ended everyone was tossed out again. Same with hotels but not as significantly.
@@craigpardy6204 That happened in Australia too, a ban on evictions & also rent increases. Actually that's probably also a big factor in our situation now when I think about it, a year or more without rental increases, leading into them being able to justify larger than usual rental increases, due to inflation & extra time between increases all at once & that of course impacting a lot of people all at once, which in turn rolls the problem on, with those people then looking for housing & so other landlords being able to follow & easily find tenants, even at higher costs. We also had various builders go bust over the pandemic, there's a block of townhouses being built next door to me, started just before the pandemic, all sold "off the plan" I actually feel for those people, cause 3 years on, those townhouses are still basically just concrete slabs. Was nice to have peace from construction work during the pandemic, but imagine being those people & having already paid for their new homes, only to have the builders go bust & finally new ones found, but now more expensive to build, due to inflation & STILL forking out for rent while waiting & still in the rental market while waiting too, therefore putting more pressure on that rental market & pushing prices up for everyone. Perfect storm really, isn't it
It's been a major problem in London, where renters are squeezed enough as it is. I bought a new build apartment this year, and it's in the lease, you can't rent it part of the apartment, and you can't rent the whole for less than 6 months.
Thats good, but I imagine a lot of people are short term renting them under the table. It needs to be a crime punishable by prison, not a fine for doing so as it is in most places.
another thing is that hotels are usually in central locations close to other amenities restaurants and event venues. Air bnbs are sometimes all the way out in the suburbs so you have to commute everywhere instead of being within walking or a cheap uber ride distance
When they started charging an additional 100 to 200 for cleaning, that was the last time I stayed at a B&B of any type. All the B&B sites started using the pandemic as a way to make more money.
@@lovetobe6118 You make this sound like it's such a simple solution and doesn't require years of work and change while people are actively going homeless right now, you are correct of course that we should be getting people into office that will make that illegal, but the people/companies who can afford to buy out entire condos/apartment complexes already have the advantage in terms of being able to afford to sponsor/campaign against these kinds of attempts to change the law.
I moved into a one-bedroom apartment in June. Fully furnished down to the kitchen ware, towels, and bedding. Two huge TVs in living room and bedroom with Internet. $1200/month. I think it was previously an AirBnB kinda thing. I feel pretty good that I was able to get it.
I'd be curious to know in what general region you're in and if municipal regulations -- e.g., banning AirBnBs -- was what made this improvement possible. Because everyone deserves a decent place to live that is affordable.
Our apartment in Cancun is like that. When we moved in, it was fully stocked like you'd expect an Airbnb to be. Silverware, plates, salt, pepper, olive oil, and bedding. All I know is the previous tenants were a couple from Argentina who had stayed one month there. We pay about $600 USD in rent per month for the place.
I stay in hotels/motels when I travel. It's so much better than staying in an Airbnb. The room is cleaned once a day, fresh towels, and they make the bed for you. Many hotels have valet parking which is nice as well.
I used to live in San Diego, I was on the campus of SDSU & petitioners were telling students to sign their petition to keep student living costs down, but it was really to stop the city from restricting short term rentals.
@@lovecrypto6912good, it's insanely expensive one of the most expensive cities in the US to live in, it's also got a huge homeless problem due to people not being able to afford rent
@@RoboRoby321 Entire Ca coast is like that. Drove through Port Hueneme and SD 2 yrs ago and was shocked at what my old stomping grounds had become. Still expensive too,
I live by sdsu. The city is issuing permits left and right for people to build 4 bedroom adu's all over my street. They charge 2k PER ROOM!! The parking sucks ass now. That's my biggest complaint. Surprisingly the trash and noise aren't really an issue, because I go full Karen on these mf'rs . Some asshole broke a bottle in front of my house. I swept it up and threw the glass all over their doorstep while guests were outside. They haven't had a party since. Lol
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Manscaped doesn't ship to Philippines huhu :((
Nonsense point, not yours or anyone else decision as to what they do with their own property unless it impacts neighbors negatively.
Manscape is a horrible product
Why? @@kalehachey3506
My Golden Retriever loves it!! Doesn't even bark!
I sort of just stopped using it because it just wasn't a good price most of the time anymore. It's OK for some one-off unusual rentals or maybe for a big house for a large group, but travelling as a couple for short stays it just costs more than hotels these days for a less reliable experience.
The last bit you've mentioned: costs more. Worse experience. Once upon a time my wife and I used airbnb almost exclusively on trips. That was many years ago. Now, we just get a hotel.
The price of an airbnb vs a hotel became almost the same for quite a few places such that we just decided to go for hotel. Something changed and the hotels won our business back.
I never did use them. I was late the party since I believed the marketing that it was for sharing a place, which is not my jam, but by the time I realized most listings were private stays, the prices had already gone up and hotels made more sense.
And since then I’ve heard enough horror stories to avoid them forever.
I started using booking because it has a much wider range of options and they treat customers a lot better than Airbnb.
It works great for groups of 6+ people but anything less makes more sense to just do a hotel in my opinions
Airbnb isn't worth it for short stays or as hotel room competitors. It's much more worth it if you want a lot more house, want somewhere with the facilities to stay longer, etc.
I was done when they told me I had to clean the bathroom, wash the sheets, and mop the floors. And they would still charged me for a cleaning fee. We canceled so fast and just split a hotel instead
Wash the sheets? Are you serious??
🤣 I was done with mop the floors 😖
at least you didn't have to walk the dog... not kidding
@@manonamission2000walk the dog? So basically they were charging you to be their pet sitter?
That’s wild! I usually just wash the dishes and take my own trash out because I want a good review not because that’s the rules. Crazy
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!
Most people are unable to handle a fall since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.
People often overlook the value of financial advisors until they experience the downside of emotional decision-making. I recall a few summers ago, after a difficult divorce, when I needed help reviving my struggling business. I did some research and found a licensed advisor who worked diligently to grow my reserves, even amid inflation. As a result, my reserves grew from $315k to around $740k.
I tried looking into new strategies to profit in the current market because my portfolio has been in the dumps for the entire year, but everything I tried just seemed to miss the point. Please let us know who your asset manager is by name.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up on web, and I have sent her an email. I hope she gets back to me soon.
AirBnb died the moment they allowed all of these property management companies to list on their platform. The fees are utterly outrageous and there is always a BOOK of rules, regulations, and chores so thick that you can’t even enjoy your stay. I’m over it.
True. Been there done that. It was a disaster
Greed
I think about 2015, I went to a tough area on tge Southside of Chicago. For $35, it was their tiny living room/rehearsal studio. It had a piano/drumkit.They hung a sheet over the archway. It was right by my gig..a great experience. Had breakfast in their kitchen with them.
That is a total disaster. The best stays I've had have been when the person has an ADU or pool house or something that they rent out. I wouldn't even consider using the service anymore, simply isn't a good deal, but those were genuinely good experiences.
not true. if you avoid the companies and choose a private owner, you can read their house rules on the site before booking. what's the problem?
My simplified read on the whole AB&B thing is that everyone just got greedy. AB&B realized the profits they could make by simply adding fees and fines. And not doing anything to stop the fraudulent damage and repair cost claims against guests. Most of the hosts started jacking up the prices just because they saw home sale and traditional rental prices going up, without adding any actual value into their listings, all while doing little to no services of any kind. Then of course the investment firms started pushing their way into the market when they saw the potential gold rush.
Thats what happens when you have a monopoly, even Uber took 14 years to become profitable. But Uber was fighting off 3 other ride share services and it's still in debt.
Also it doesn't help when everyone else wants to buy land and gain a monopoly and remote work makes land expensive. People abandoned georgisim when cars happened because Suburbs became viable and more land was available. Now we have everyone fighting for land because of artifical scarcity with zoning laws
@@whaletime69 zoning laws overwhelmingly only allow single family homes instead of apartment buildings. that is not how to create more housing.
@@ronblack7870 yeah that's why I said artificial scarcity. There's no reason why Lisbon is cheaper and more affordable than any city in the U.S
I didn’t receive a penny for people behaving like monkeys regarding damages… FYI 🖖🏼
"Most of the hosts started jacking up the prices just because they saw home sale and traditional rental prices going up"
Then they were incredible stupid.
If these hots don't even know who their competition is, they're destined to lose.
You're competing against hotels, not other rentals.
I recently looked at Airbnb in Melbourne for a holiday. The difference for a 4* hotel and a airbnb appt was $20 for a 4 day stay with airbnb being cheaper. I went with the hotel because they'll clean my room every day
Precisely why I never used them. I can get free breakfast, have a gym, pool and housekeeping. Why would I go elsewhere and have to pay the same? #GREEDYBASTARDS
and there is actually staff there if you need some help.
… and yet we would do the opposite as a young family with small kids. AirBnB properties “generally” provide better amenities than a hotel for a family with young kids. We don’t need staff coming in and annoying us.
Yeah, I call the staff almost zero times at a hotel. They just make my bed in the morning. 😝 WOW what an advantage!
lol how dirty are you that you need a daily cleanup
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
Please how do I connect to her? My funds are being murdered by inflation, and I'm looking for a more profitable investing strategy to put them to work.
Natalie ’ really seems to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her.
The people living in tents are mentally ill. It isn’t because of high prices. Incomes are higher in CA than most other states.
SCAMMERS SCAMMING
In a nutshell: It went from offering travelers an authentic affordable stay with locals who make some extra cash on a spare room, to overpriced short-term rent filling the pockets of real estate overlords. Creating an artificial housing shortage and pricing out residents from long term rental in the process.
Stay with locals sounds terrible. What's nice about airbnb is when you need space thats more accommodating and potentially affordable. If you want a 1 bedroom hotel room that can easily been 300+ a night. Many airbnbs even now are less than that.
While i disagree with many Airbnb policies, it offers more to more ppl than staying with locals. And it has a niche that's hard for hotels to fill affordably.
Staying in Tahoe with family, need 4 bedrooms can rent a cabin for like 500-700/night. To book 4 hotel rooms in the same area would be 1600 easily.
Exactly
And then to ammend your comment, it priced out residents from SHORT TERM rentals too!. which is what airbnb is so now its effed
@@trevnti That's exactly what VRBO dominated. And far better: you could speak directly with the friendly owners, exclusively, get rate discounts based on stay length, and negotiate rates. Had they rebranded earlier, offered a UI/Experience not so Craigslisty, and pivoted towards the marketing BnB did, they would have stayed there.
We've had roughly 30% of airbnb stays with direct owner communication. That is seldom the standard though, and far under half of the stays actually do. More importantly, they're not through a paywall/secured booking reservation to get to them. While you may think you're getting to them, you're usually just speaking to a ManyChat ai bot versed on the policies, SOP, and features
unfortunately though, what I'm getting from this video is not that those leaches are going to suffer & housing go back where it's needed, but rather the leaches will just change platforms, while contining with short term rentals
It was the cleaning fees that turned me back to hotels. Having to pay a fee and still be required by the host to clean before we left was something got under my skin. And there was one occasion that the fee increased about $100 per guest per night, and that immediately out priced itself over a hotel
I just don’t want to clean.
We stay at hotels and we collect up our own trash, put our trash in bags, fold the used linen, and place our trash and used linen by the door for the room service.
I’ve stayed at Airbnbs where they wanted us to sweep, mop, wash the linen, fold it the linen, wipe down the bathroom, wipe down the kitchen, clean the fridge, and take out the trash all while still charging us a cleaning fee.
What’s the cleaning fee for if I’m the one cleaning?! Lol
Airbnb and these Airbnb hosts can all lose their investment and I will not shed one tear.
I used an Airbnb once. The rate was good, but the rules were hard. The places that needed to be cleaned...including the oven if I used it. To undress the bed and leave the sheets in the bathtub but separated from the towels. Since my flight was leaving late in the day, I asked if I could stay later and just pay a late checkout fee but there was no option for that. I had to be out by 11am as the locks on the door would automatically change and I would no longer have access to the place. The owners were nowhere near me but via a text and if I had an issue, I would have to text them and wait till they responded. Lucky, I had no issues. I decided to just use hotels. I don't have to clean before I leave. I don't have to worry about the door lock changing if its one-minute past checkout time. I can pay a late check out fee in some cases and still have access to the room or, at least leave my luggage and stay at hotel until its time to leave. Also, the cancelation fee is tough on an Airbnb as opposed to a hotel.
I suspect thats more about getting around the rules on the advertised rental rate. Regardless of the product, I am always suspicious when a supplier has hidden costs like that.
My issue was that a lot of the cleaning fees are just built into the price without being built in. You can do everything the host asks and leave the place spotless and they'll still hit you with the fee because it's a part of their profits.
The bigger issue is the 7 spy cameras those f....kers are using to film you and spy on what you're doing. That makes it a nope for me.
It's a real problem in the mountains of Colorado. You have these people who are no longer able to afford in the mountain towns that they work in, because people are buy up properties for short term rentals and are even lobbying the government to build more housing. And people go: "Well, more housing means the people who live there all year round will have homes." No, they wont, because those new houses will be bought by people turning them into short term rentals.
At some point you’ll add enough housing that the short term rental market in an area will be maxed out. Land developers in mountain towns, with or without Airbnb, were always going to favor building higher margin real estate aimed at vacationers. If you say no Airbnb in these mountain towns developers will probably just build more hotels that will be harder to turn into long term rentals when they age and loose their luster.
@@Hans_Peterson That's the issue. They DID run out of land to build new houses in. So now they're petitioning the Colorado government to sell them state park/nature reserve land to build more houses on and the government is going with it.
@@TimmyTheNerd there’s probably a myriad of building restrictions imposed by local governments that prevent denser housing from being built in these mountain towns. The responsible thing for the state government to do would be to not sell nature reserve land and to strengthen property rights to lessen the power of NIMBYS at the local level.
Until the demand is saturated to the point where STRs aren't any more profitable than rental housing. The reality is that we need to build way, way more houses almost everywhere. In the meantime, we need to regulate STRs to limit the number that can be in service in a given area, but there's no reason not to keep building to fill that demand as well.
@@Hans_PetersonSadly there are some in government that do sell such land for the money being offered to them.
I was the cleaning lady for a few luxury air bnbs this summer. The most expensive unit was over $1500/night. The cleaning fee was $200. I was paid with that fee, except the hosts kept about half for themselves plus about 10% for cleaning supplies. So I made ~$90 every time I cleaned that unit. What the hell was the rest of the cleaning fee for??
To answer your question on ‘the hell was the rest of the cleaning fee used for’:
To cover their other costs and profit, because it doesn’t matter to the host or the guest how the total price is composed. Only the total price matters.
Cleaners often assume they’re entitled or underpaid by whatever the host charges the guest. The host has the right to even charge $10 for the stay and $1000 for the cleaning fee. It doesn’t mean $1000 is the market rate for cleaning the unit, nor that the stay is only worth $10.
Besides wiggling the #s around to hopefully get more bookings, many non-cleaning related fees roll up under ‘cleaning fee’ from the guest display - linen fees, management fee, property use fee, resort fee - these are all line items hosts are allowed to charge for by checking the box on the back end of the Airbnb website, and they all show up under ‘cleaning’ on the guest’s checkout invoice.
The host has the right to charge whatever bogus fees they wish to charge to help cover the costs of the operation, or to profit (just like the cleaners aren’t cleaning at-cost, they are making money too). The cleaning fee changed to the guest is 100% irrelevant to however much the cleaner is being laid, and the cleaner has the right to set up as the price regardless of whatever the host is charging.
On the flip side, I charge my guests a cleaning fee that’s less than what my cleaners charge me, because I don’t want the cleaning fee to be the deterrent to gaining the booking. I started this setting from day 1, because back when the cleaning fee basically wouldn’t show up until guests were about to confirm and pay. Just didn’t want to scare the guests away. Never have I heard my own cleaners or any cleaner in these online discussions conclude that my cleaner should be making only how much I’m charging the guests, and not more. I do hear all the cleaners gossip about this host and that host charging their guests more, though, but no one ever asked me why I don’t pay them less or why I don’t charge my guests at least the actually cleaning cost. The opposite side of the same coin / your logic would suggest that no cleaner should ever get paid more then what the host is charging.
Some hosts in my building charge $0 cleaning fee. Does that mean their cleaners should clean for free?
The commenter above me gave a good response. I'll just add that it would also help to cover some of the depreciation of housewares than need to be replaced every so often like towels, sheets, mattress pads, bath rugs, etc.
Amen. Well said. The cleaner also has zero overhead, doesn't take the 10pm calls from guests, deal with maintenance issues, has no liability, doesn't pay for supplies, pay for PMS software, insurance, deal with broken items, manage running the business, deal with cancellations, legal agreements, etc. The list goes on. We pay our cleaners well above market rates, but they have a limited low skill job - clean - and then they are done. We handle everything else and how we breakdown a line item for cleaning is our business as long as they are paid well. @@FuzzyGreyPenguin
@@FuzzyGreyPenguinone huge contradiction of a comment their Ma'am. You are the exact type of people this legislation is targeting. Enjoy! 😂 The example they provided doesn't make your point look good. Never met a house cleaner that doesn't have their own cleaning supplies as the owners are NEVER there to restock those things. Basic toiletries should be rolled into the incredible profits, among other things, that you have over normal long-term rentals. Greed greed greed and you and many other fail to see the consequences. If there is limited property, like Hawaii for example, Airbnb's are poison to the community. If you are renting a condo outside a city that would be different obviously. Be kind to your labor, not just in practice but in the comments.
@@lvega5606that's rolled into the profits (2X normal rent rates for 6 months of bookings.) It goes both ways bud. Like the poster above you said, the fees are just bad business, similar to tipping culture going on for everything it seems now.
I meeeeeeeean… have investors EVER just accepted that investing comes with risk? Haven’t they always, as a cohort, whined and moaned and even effected massive, long-term state alterations in order to reverse the effects when risk doesn’t pay off?
Is that whining and moaning or is it acknowledging the risk and therefore taking steps to mitigate as much risk as possible, albeit with no concern for any of the other parties involved. Js, there's a rational reason for this behavior. People running large real estate and investment firms aren't stupid or bad at making money. They're ruthlessly effective at it and they play for keeps at the expense of the public.
They will certainly tout that motto when backed into a corner. "I'm CaRrYiNg All tHe RiSk HeRe, PeAsAnTs".
As if them being inconvenienced by losing some money will put them into a similar poor-house. Oh, how they cry, how they cry.
@@Jeebus-un6zz I don't think those two actions are mutually exclusive. And I definitely think it's a mistake to characterize these people as "not stupid" and "ruthlessly effective." I work for an investment firm. These people are as human as anyone else and are, on average, far more prone to failure - because they can afford to fail. They can have as many do-overs as they want. They just obscure or explain away their failures (case in point), while highlighting their good fortune and characterizing it as meritocratic success. It's classic survivorship bias. They, as individuals, are not particularly effective at anything.
you don't even know what a cohort is, you just know how to complain, as usual for your kind of demographic
@@BPFACTS88 Our demographic, evidently.
I will shed precicely zero tears for Airbnb bros who have to leave the market becuase they now can't make any money.
Agreed. They’re taking away housing from people who actually want to live in these areas.
Yeah I honestly have zero sympathy for them; they straight up contributed to the housing crisis that's keeping people my age (late twenties) from owning property/renting at affordable prices. Is it entirely their fault? Nah, but that doesn't mean I'm not taking notes on their contribution.
I'm not sad, either. These Airbnb bros have devalued neighborhoods and brought down quality of life by renting out party houses. They don't care about creating noise and problems for the neighbors. All they care about is money. Luckily, my suburb banned Airbnb's years ago.
Tears, none. But laughs? Lots.
I will be playing them a sad little song on the world's smallest violin
I used to love AirBnB but their prices started being on par with hotels so I might as well stay in a hotel where I don't have to worry about the hotel being able to rate me and I don't have to clean up thoroughly afterwards.
Also, how can anyone feel safe knowing you're in a stranger's home and someone else has the keys to your front door?? Hotels are safer.
it depends where, most places I stay, hotels are still cheaper (especially for more people), plus there are areas such as smaller towns where there just aren't any hotels in those areas, air bnb would be perfect for those.
is it a US thing? in my anecdotal experience in europe, airbnbs are usually 1.5x to 4x cheaper than hotels, and cleaning is usually fully included by the provider (it is not expected that the guests take out the trash / mop / do laundry / and so on)
@@nicolas.predellaIt is a US thing! My experience with Airbnb all over Europe is amazing, my experience in more than a dozen US states with Airbnb is horrible!!! In Europe what you see as a price per night is actually a price per night. In US there is a price per night and then there is tax, and cleaning fee. Cleaning fee for properties I stayed in ranged from $70 to $200 for 2-3-4 night stays. And then there is a rule book where it says you’re expected to remove the sheets, take out trash, sometimes even turn on the laundry machine😂 Its horrendous. Not to mention that overall cleanliness to begin with is so low in US compared to ANYWHERE in Europe. So yeah, it is a US thing. Not to mention that I had a situation in US where a host cancelled a couple of hours before I arrived and I was already on my way. In the US, they treat it as a business and Im not sorry for all the hosts that are now struggling. In Europe its still the same as it always was and I never met anyone in Europe whose profession was “Airbnb host”.
@@raphaellavictoria01i wouldnt say hotels are entirely safe, i mean if front desk staff wanted they could go in anyones room, just like house keeping and maintenance have master keys as well.
I recently saw a rental that was $80 for a night, but the host added a $200 "host fee" and a $200 "cleaning fee". I got a hotel for $77 a night that included breakfast and parking. Bye Bye Air BnB.
So they actually wanted 477 for their room. Hahahahahaha
@@jenniferbond7073 Exactly! The cost of a night's stay can be so in excess of WHAT IT'S ADVERTISED AT that I got sick of AirBNB.
@@jenniferbond7073 yup this is basically why i stopped using it. the cleaning fee and host fee was wayyyy higher than actual price of the stay. The price of one of the airbnb was 101, the cleaning fee was 300. what the heck?
Exactly, I saw a place for $62 a night (clickbait) the a $100 cleaning fee, taxes, etc. I just booked a Hilton.
Then the host expects you to clean before you leave. It’s a joke!
I rented an Airbnb once when I was having surgery in another state, so I booked an apartment for a week to recover. The day before my flight the host cancelled my entire stay, so I had to scramble last minute to find other accommodations. I ended up settling with a hotel because there were no comparable Airbnbs at such short notice, and I couldn’t afford for some random person to cancel on me again. Not to mention, the number of misleading hosts who say you’ll get their entire apartment or house, only for somewhere in the fine print to say that it's only a bedroom and you’ll actually be sharing with their family and/or other guests makes it too sketchy and unreliable for me to ever use again.
AirBnbs are far too noisy to recover from surgery. Just this year, the Brisbane AirBnbs I've stayed in had:
1. an unemployed drug addict partying until 2am each night in the room next door
2. a family of 5 kids in the basement crying and arguing all night
3. really badly behaved dogs that barked all night
4. a weird homeless guy on the couch in the private guest area using the guest toilet
5. the host's kids coming into my private bedroom and bathroom to use the toilet in the night while I was trying to sleep.
I left the drug house AirBnb and checked into a motel and the kind motel lady said she's had so many bookings from people leaving AirBnbs that were filthy, cockroach infested drug houses. She'd heard so many AirBnb horror stories. And the price I paid for the motel was only a tiny bit more than the AirBnb.
I think it's weird to recover from a surgery in an Airbnb. Imagine being in someone's house recovering from surgery. Please, no.
@@caravanlifenz Sounds like you got the best Airbnb experience in Queensland under $8,000 AUD per night...
@@caravanlifenz I could say much the same about different hotels I've stayed in. Being charged for vandalism that I didn't do, roaches all over the place, rats, cleaning staff whom I caught searching through my luggage, cleaning staff sleeping on my bed, maintenance staff entering the room without knocking while i'm naked. Everyone can have a bad experience. A personal anecdote is not really good evidence.
14 year old boy with a 19 inch hogg whips it out at the community swimming pool, scaring the parents and causing a riot
If you're renting out a spare room in your home to travellers that's one thing, but if you're renting out whole properties you're a hotel and you should be subject to all the same regulations and taxes as any other hotel or motel.
Exactly this. I've used AirBnB and still do, but I only really rent out the spare rooms for during travel, and it's usually a very fair price... sometimes a finished basement for $50 a night where a hotel in the area would be $100-120
@@MiniDevilDFif you live in the house and only a single thing is bought it's not a hotel
I believe it's because of the way Zoning Laws are set up. I don't recall many jurisdictions having laws against people allowing residences owned by people or LLCs to make money from folk staying there for a few days or weeks etc.
It also depends how long you rent them out. In Wisconsin the motels reimbursed my coworkers that stayed there for months because there is no tax when renting the rooms for month’s. It’s considered a rental or lease. At least that’s what the guys staying there told me.
sooooo true
Worst accommodation experience ever was at an Airbnb which was described as a "luxury" townhouse charging about $400 a night, but had dirty stinky sheets, bugs crawling all over, and full of cheap old furniture and leftover food in the fridge. Owner refused to give even a partial refund and so we moved to a five-star hotel for $50 more per night. Airbnb doesn't even make any sense anymore.
Sounds like you made this shitup 😂
@@jamman7344 No, it's 100% true. Airbnb also deleted my review per request by host because they weren't getting any more guests because of it!
We need pictures for evidence of your claims
@@SAAN27 Of course, I'll send you the pics. Just post your mailing address here.
@@dsgcloud6092 I'm just kidding, the town home next to me was turned into a Airbnb and there's some weekends I live through actual hell, even the drug dealer down the street turned his place into a Airbnb. Maybe he gives them a free bag of weed with each stay lol.
Everyone has their definition of four and five star when they're listing them versus what a four and five star actually is
Same thing has happened with the taxi industry in Australia. Uber was a major disrupter, but now taxis have raised their game, and are sometimes cheaper, cleaner, and more reliable than Uber.
taxis scam... uber you get a price. hop in a taxi and it ends up being 2-3x more
Good for you, but that's hardly a challenge xD
@@echoecho6445Just book your taxis. I pay before I even get in and know exactly how much it'll be.
taxis are a complete scam
@@echoecho6445no, in a taxi, you pay the actual cost of operation. That's the thing, your driver bears the actual cost of operation, and in the case of rideshare the bulk of what you pay goes to the corporation and screws over the driver while you expect "5 star" service while paying your driver 3rd world wages. That's why you suck.
I live in Thailand, a popular tourist destination. My apartment complex has 4 blocks of apartments and quite a few shops and ammenities. When I just moved to this apartment in 2019, the complex was filled with long-term renters like myself. It was a lovely community that I enjoyed being a part of.
In the past four years, our complex has been completely overrun by Airbnb hosts (and subsequent guests). One host (most likely a company) bought up 30 units - they are not even here - there's a massive digital locker with codes and keys for all their units. Many of my old neighbours were told their leases wouldn't be renewed, while others simply couldn't take the chaos caused by guests anymore and moved.
It's become a horrible revolving door of entitled, rude tourists who don't follow any of the ground rules, treat the local workers in the complex like they are hotel employees, and just generally cause havoc on the property.
The kicker is that Airbnb is illegal here in Thailand, but like many laws, it's a law only on paper and not really enforced.
I'm surprised someone hasn't smeared superglue all over that key locker. I've heard of people so frustrated with AirBNB taking over buildings that the actual residents work to sabotage guest stays to elicit bad reviews to discourage future guests.
It seems as long as they get their time tax money and revenue from tourists, I don't think they care about enforcement
I had to move out of my apartment in the US because the landlord made it an airbnb. It was his choice, now rentals are down and they want long term tenants to come back. I prefer to go where I am wanted as a tenant. It doesn't matter if airbnb is illegal, because the concept of short-term rental is all about supply and demand. More regulations will not fix anything. There are many websites to get a short-term rental, airbnb is just one of many. Are you against the concept of short-term rentals?
I can only imagine. I Mr was apparent immediately when I’m condo building voted to allow more renters than was currently in the bylaws….. people starting for a few days at a time would be a nightmare.
@@TC-cd5smthe problem is Thailand don’t even get much Tax with their free VISA for the tourists and when Air bnb is illegal, how can they collect tax when it’s illegal? Mostly money will go to the corrupt police.
People started by sharing their spare bedroom at home with tourists for some extra cash, then others decided to go all in and bought investment properties with the sole purpose of renting them out short term. And that’s what went wrong with Airbnb, same way it went wrong with Uber and other ride sharing or food delivery services. An idea that was initially focused on getting more out of under-utilised resources in our spare time turned into full on business models, and all of a sudden the individuals have to deal with the usual hurdles that come with running a business, while unable to benefit from the economy of scales that big businesses actually do enjoy. Taking a few passengers along on your way home is convenient for you and cheaper for them; buying a new car and driving passengers around all day, on the other hand, is operating a taxi service for a living and there’s a huge difference.
Very to-the-point comment.
Remember when it was called "Ride sharing"?
employing "underutilized resources" was just a hope, or even a ruse. The main effect was to motivate people to provide services they would have never considered doing, by making it "easy and casual".
Exactly this. I'm actually someone who still uses Airbnb in its originally intended way -- which is to say that I always select "private room" options, never "entire place". I actually like being able to meet the hosts and chat with them, since I solo travel pretty often. I think this has contributed to the fact that I have never had a bad experience in my more-than-10 different Airbnb stays across the US and in other countries (knock on wood). Literally stayed in an Airbnb in Vermont a few weeks ago and it was great. But its really the large corporations and people trying to make this into a business that has ruined it. I've heard and read plenty of horror stories from both guest and host perspectives.
@@lateinbloom Agree. My husband and I have stayed in airbnb's hosts homes and almost always met the owners. Once I was trying to book a hotel in Florida and when I called to reserve, I was quoted a price far above what their website said. We went w airbnb instead and it was great. But I do understand people w kids want to be right next to the beach, use the pool, etc. We saved money because we were in the minority.
Most Airbnb renters are massive companies trying to make as much profits as possible. Also i hate the lack of service if you lose your key or need to store your luggage for a bit its fine in a hotel but its a hassle in an airbnb, i also noticed it is not even cheap anymore. I used Airbnb in the past but now tend to go for normal hotels at least you get a consistent proffesional experience there rather than whatever.
Yeah I travel year round and there are places that real estate companies are listing sections of gated communities and they're terrible to go through as a customer. They expect the world from you and provide the absolute bare minimum. Ironically when I had issues with wifi config I was able to solve the problem more quickly with some random grandma in rural Iowa than these braindead corporate property managers.
Not Really, Every place we stayed it was family owned. Very Friendly. Hotels are for sure owned by only a handful of Massive Companies. Hiltons, Marritts etc.. I rather spread the wealth to the common people and stay in short term rentals.
90-95% of Airbnb properties are listed by individual hosts, not massive companies.
The listings may be *managed* by large service companies but the properties are mostly owned by individuals vs. corporations by a large margin.
I remember travelling to Prague and Budapest in the early 1990s. Arrive at the train station and people standing on the platform would ask you if you want a room. You liked the look of them, asked the general area and they pointed it out on a map. You went with them to their house or apartment, looked at the room, said OK, gave them a small fee (by western standards) and you had a clean simple room, usually, breakfast with your host and an interesting experience. Turn it into a business and it all gets ruined.
Yeah, I was backpacking in 1992. I found great flats in both cities with interesting people.
Yeah but not everybody likes to travel like this, it's nice being able to prebook, and have a desirable place to stay. Especially if you're not traveling solo. Or you're not a backpacker. My fiance is a backpacker but i'm not. While I disagree with a lot of new Airbnb policies, it is nice to be able to rent suitable accommodations for sometimes less than a hotel or more accommodating than a hotel
@@trevnti backpackers can be pre-booked too you know
Well, you could get into a crappy hotel in a unfamiliar neighborhood in a unfamiliar city. The nice looking guy could hand you to a ganster-looking receptionist to whom you dare not to say no...
Right, I remember that’s how I found a room in Budapest around 1990/1, a woman who called herself mama Helen, approached me, holding a clipboard, dressed head to toe in leopard print, we took a taxi, I was able to communicate in my limited German, had a great week in her top floor Beaux Arts apt - single lightbulb per room, overflowing toilet, a few other backpackers staying there, very memorable time and very low cost.
Three houses in my grandmother's neighborhood were sold to people who turned them into Airbnb rentals. That was less than ideal in a quiet, residential neighborhood, and it was technically against city code, but my family figured it wasn't that big of a deal. Then we started seeing the whole street packed with cars as businesses rented the houses for their company parties, or people rented them for wedding receptions, big parties, etc. They'd bring in DJs, bounce houses, and food trucks, and although they usually ended the parties when noise ordinance kicked in at 10 PM, that often still meant a whole day, and sometimes whole weekend of noise and cars and general disruption. So we reported the properties to the code enforcement arm of the city, and we haven't seen any big parties since. I'm not sure if all rentals have stopped or if the owners are being more judicious about whom they rent to, but the main problems have seem to have been rectified. It takes a certain sort of arrogance to buy a half million dollar house you intend to rent as an Airbnb in a place you know doesn't allow them, and I don't have the slightest pangs of guilt for messing up someone's business under those conditions.
more regulations are required
This really isn't the norm but it does make for some delicious talking points. Well done.
this is good snitching.
@Zectifin
Snitching is involved when something or someone is morally wrong. In your simple terms, don't want to be snitch on? Don't do it then.
im a host who evicts at the first sign of a party or gathering. I provide off street parking and limit guests and vehicles. Being a responsible host isnt hard,but too may douche bag investors buying multible propertys and not living on the property or very near is the problem.
Recently went to playa del Carmen, mexico. There was a proper "aparthotel" that provided a kitchen, living room, nice clean room, housekeeping, all on the main avenue no more than a 10 minute walk from the beach. A comparable Airbnb was roughly 30% more expensive and usually not in the same locations. Hotels have upped their game and Airbnb is just pointless nowadays.
The consistency with some hotel brands is a good selling point for me.
Sometimes I want a continental breakfast at my stay. Get up early, get some pancakes, hot coffee ready to go with my muffin.
Airbnb sure as hell won’t have that.
Sometimes I want extra towels or perks to go with my stay.
Airbnb sure as hell won’t have that.
Sometimes I want to stay a night and then leave in the morning without having to do a wiping and cleaning of every part of my room.
Airbnb sure as hell won’t have that.
well it's not pointless. It showed the hotels that guest want a kitchen... now hotels are adapting. IMHO it played a crucial role in the market.
Hotels came form a world where only the rich were travelling, and when they did they ate out all the time... I've been using airbnb for a decade because I'd rather pay 2$ and make fried eggs & a bagel in the morning than pay 15$ to eat out.
The amount of hotels offering kitchens will rise, but it's still very low. So as much as airbnb is "dying", it won't be a quick death.
As for Playa, it's a resort town that lives by it's own rules. The vast majority of the town is rentals of one type or another. So the whole hotel vs airbnb is just very different there. In fact i'd say hotels make up a very small portion of the rentals there. The majority can be rented directly from owners either directly or via a myriad of short term real estate agents. (stayed there many times & extended family actually owns multiple condos there, so I know that market)
@@steverogers7601you also can't bring your family of 6,8,10 with you unless you want to rent multiple hotel rooms. I do get the free breakfast thing, but some people vacation with large groups. There's room for both. Airbnb as a company are greedy. They charge host fees but they don't host! All the taxes including hotels are a rip off! I advertise mine on Craigslist, FB, IG and I don't charge fees. Just the per night stay and cleaning. Hotels are a rip off. You're just renting a bed!
@@steverogers7601 It's strange isn't it as BNB stands for bed and breakfast. They shouldn't be allowed to use 'BNB."
Airbnb is the perfect example of what is wrong with big tech, their "piss on my leg while telling me it's raining" approach to their business. Sure, at the start it was a novel service, but at scale it's just a hotel/property management business. Like Uber, it's just a taxi company. But they'll insist they're 'just' connecting people to people. It's so infuriating to everyone who isn't a business lawyer.
I've worked for a few tech companies and nothing makes my skin crawl more than "disrupting blah blah industry". I'd rather hear a company say "We're going to create a good product that is of value to our customers". Half my former Bay Area based tech coworkers were obsessed with figuring out a start up idea that would get them a boatload of VC money, but they also were obsessed with solving their own first world problems, resulting in ideas like "Drone delivery of tacos at midnight". To a degree, Uber and AirBNB were a reaction to certain industries that weren't innovating with the times, such as taxi companies or some hotels. But greed tends to ruin good intentions.
Agree and people have realized that not only are they not getting value, but hotels at least provide safety and give you services. They are like hotels where you are paying for zero services and they acted like this was some big disruption to the industry. I am glad people are waking up.
The private taxi apps at least have some value in areas where taxi service is poor and you can get one anytime you want and you do not need to carry cash. They have problems too but at least there was some space out there for that service. Airbnb? Not. It was 100% this worked for Uber now try it here.
I live in a tourist destination. Airbnb and other short term rental apps destroyed the housing market. Homes were bought up for an extreme price and immediately put on Airbnb for vacation rentals. It made it impossible to buy a home or even find an apartment.
As a firefighter in that town, we are fully volunteer. Airbnb put a huge load on the emergency system as the people who own the homes don’t live in the same state, so they would just call 911 when a tenant needed something. Towns finally banned Airbnbs and the effects still are around. Airbnb ruined so many peoples lives and cost tax payers so much money. Screw Airbnb and alternatives.
I lived in Hilton Head, SC workers had to live 30-45 minutes off island because everything on the island is either a short term rental or retirees
That is false.
@@hnn8759 you must own a bunch of airbibs I’m guessing…
Cleaning a property is a dealbreaker for me. I am not a messy person or a messy traveler, and I've never trashed a room or any accommodation for the simple reason that I'd hate to be the cleaning people who have to pick up after ungrateful slobs. I will not clean my own room, however. That is what I am paying for. I clean my house, I clean my bathroom, even when a dinner guest pisses on the seat. Don't expect me to vacuum and make the bed. That's the hosts job.
Having to clean at the end of your stay is really a bit of a damper. I will gladly pay a bit more to have a holiday accommodation cleaned for me. (This was also true in the days of renting holiday homes from paper catalogues, not all of those included cleaning either.)
As an Airbnb host that charges zero cleaning fees, I agree with you. Guests should never be asked to clean. And thankfully my guests are reasonable enough not to dump bags of chips in the bed or anything crazy like that, the worst I ever had was a dog pooping in the bed but accidents happen and I didn't charge the guest any extra.
Especially if I have to also pay a hefty cleaning fee. And they didn’t provide dishwasher detergent.
Sad part is, I have actually rented through AirBNB more than once and got the renters agreement afterwards that had many chores listed. Ridiculous to not know up front.
I don’t get this comment. I’ve never been asked to clean. Ever
Following the path of most good investments:
1) Founders and early adopters clean up on profits and make the most money as it moves to main stream.
2) Early main stream folks make good profit, but decreasing over time
3) Late to market bag holders who got in during the peak/start of decline have increasing losses.
Yup, that about sums it up right there.
yup
Don’t forget those selling courses on these markets for strategies that don’t work anymore but they will try to convince otherwise
As an owner of a single property, it will never be a loss proposition as long as I have any revenue at all...
Bull trap
Talking about a less reliable experience, I would like to share what happened to me this year. I was spending some time in the US this year and wanted to take a day off with my wife. Choose an airbnb for a lot of the reasons cited in the video (having more space, our own kitchen, etc).
Paid for the room, and the host simply never gave us the code to open the door, we got in contact with airnb, which made us wait for 2h to say they couldn't do anything other than refund 20% of the price, that was almost midnight. Now imagine you are in a different country, you book a room, you can't get inside the room and the company that you paid fees to rent the room is saying they aren't responsible for your accommodations. If that happened in the US where we had phone service and 24h customer service and it was an awful experience, imagine if you are traveling somewhere where communication is much harder.
Why take the risk of not having a room again, knowing their policy of leaving you high and dry? Give the host a fee, find me another airbnb, but solve the problem your platform is responsible for.
I'll never use airbnb again
What until your stuff gets stolen while you're staying at AirBnb. It's amazing how many AirBnbs claim to have locks, and then you find out it doesn't and the host and his drug addict flatmates raid the room for valuables when you're in the shower. AirBnbs are a modern form of mugging.
I've got the same experience while traveling to France. Had to spend the rest of the night in a car together with 3 other guys ))))
My experience: in Germany, rental simply didn’t exist, host not reachable,Airbnb not reachable, had to get a room in a crummy hotel.
Airbnb told me that if I had called (which I had tried of course), they would have found me an alternative. Instead they gave me a credit for the next stay. 😮
the expression is "leaving you high and dry"
@bibirennt3691 I also know people who booked an airbnb room months before an international trip (I think it was to Portugal). The week before, the host canceled their reservation. Now try to find a place that fits into your planned budget with a week to your trip
Me and the rest of my apartment building were given 1 month notice to vacate. I lived there for 5 years, rent paid on time every month. The reason for asking everyone in the building to leave: the building owners were turning all of our units into Airbnbs. Absolutely disgusting that this was ever allowed.
Karma keeps receipts.
Their greed knows no end.
You could always buy your own house....
@@imnitguy Yeah if I lived in buttfuck nowhere. Brooklyn is one of the highest cost places to buy a house in the US.
They’re gonna lose money soon
As a homeowner I am glad to see this industry crumble. It may cause my house's value to stop rising, but that's ok. I'm sick of seeing people who work hard be unable to buy a house because they are always underbid buy a scummy renter. I've had many apartments and roommates over the years who I treated fairly charging a fixed amount no matter what that represented as close to 50% of the bills as possible. I've always felt in the pit of my gut that if you invest in something just to take advantage of people who are less fortunate, then you're going to lose in the end. So ya I can't wait to see all these investors forced to sell their homes to families who need them.
Glad to see people prioritizing the good of their fellow man over their own self interest. Stay cool❤
Yes this is why I stopped using them and I’m not even a homeowner
@@sarsaparillasunset3873 Only problem is if I have to get a damn business license and go through a mountain of red tape to rent my place out once, then I'm just not gonna do it. It's not worth the hassle. Since that's going to be the case for most home owners, it's only going to make supply plummet, and therefore demand for home rentals and hotels will skyrocket. That's why regulation is a bad idea. If Airbnb gets greedy, then a 100 other clone companies will step in and ensure the home renters make it cheaper by their rules, And people will use those other companies because they see cheaper rates, and thus demand for airbnb will plummet. No need for government to be involved.
bless your heart, may nothing but good things come to you ❤ you're so kind 😊
That's the reason I don't use them anymore, they destroy communities and displace the locals.
"The rent of land, therefore, considered as the price paid for the use of the land, is naturally a monopoly price. It is not at all proportioned to what the landlord may have laid out upon the improvement of the land, or to what he can afford to take; but to what the farmer can afford to give." - Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, Book I, Chapter XI "Of the Rent of Land"
So basically, if you have and the others don't you can rob them blind?
@@Elimbi1 Yep, it's called "rent seeking" and it means the landlord can extract a large amount of money for adding no value. Like how it's become a growing trend with airbnbs to charge a cleaning fee and then also request the guests to do their own cleaning- a charge for no value added.
Land value tax now!
@@ChrMuslimThor Georgists Represent!
Community land trusts are also an acceptable solution.
Henry George figured out the only true way to design an economically fairly under a democracy. The value of natural resources, especially the land, is the right of all, and thus you must pay a fair tax, the fair market value, if you wish to monopolize it. No other tax should be levied: the product of mans labor should be solely his own.
Air bnb is fine in places where hotels aren’t as viable an option, but in any modern big city it’s just not worth the cost, hassle and uncertainty when a hotel room is often better located, simpler, and can be more cost efficient.
Yep especially with growing popualtion in cities. In ny there was more airbnb then long term rental apartments and since homelessness is bad already the incoming migrants made the situation even more dire for actual homes. So it was easy descision to make in my eyes
Yes, this is the correct take. The Airbnb market isn't going anywhere, it's just not as good an option in cities as it used to be.
@@andergarcia4953 NYC Airbnbs are terrible too. I have no idea why anyone would choose to live in New York it's just so expensive and you end up living in a shoebox with no AC with 4 other random people. Fuuuck that.
I find it the other way around. Airbnbs and short term rentals are much easier and more flexible to your needs. They are also in much better locations in cities. We had the Elfin Tower right outside our bedroom and living room windows. At 1/5th the price of the hotels. You can not beat that! Plus they gave us taste of their foods, free coffee and drinks there as well. So much better!
Yep. Use both to your advantage. People who only say one or the other is better aren't serious users of hotels or airbnbs. So many factors depending on the trip, place, number of people, length of stay, cooking options, parking, etc. I use hotels and airbnbs at my disposal. One is not better than the other.
Imagine going on vacation, and having not only to clean somebody else's house, but having to pay 30% more for "cleaning fees". And it's still more expensive than a hotel. No thanks.
People dont appreciate having a mess done in their house, or would you like that smh
Exactly. I don’t go on vacation so I can clean. That’s a major reason I don’t do AirBnB.
No one is asking you to scrub the toilet, mop floors, scrub the tub, clean the oven wash the linens and make beds. (Which is just a small list of things the cleaners do between every guests stay)
Guests are asked not to leave a refrigerator full of food or their trash in or around the property.
Simply removing YOUR trash and YOUR items is NOT cleaning the house. There’s a distinct difference and it’s astonishing to me that some people don’t understand that.
Comedian Tim Dillon got banned from the AirBnB platform after he refused to pay a 400$ "COVID cleaning fee" which then led to a rant on his podcast that got him banned.
@@wendabonazza5536some don’t treat other people’s places well. I always leave in clean condition. Not fully clean but tidy and sheets in washer. Not exactly difficult. Takes me maybe 15 mins
One thing really killing AirBnB right now is their absurd cleaning and processing fees. You'll see a room for $80 or something but when you actually check put it's like $115. Well I can find a hotel for that price and it's much nicer and more convenient.
And then they still leave you a bad review if you don’t leave the place spotless. They deserve the worst
"You'll see a room for $80 or something but when you actually check put it's like $115. "
That's not the host. Most likely that is the taxes that get taken out for the city or county.
@wayra.sabrina LMAO the hosts review the guests?? Jesus christ the power balance in this market is so backwards.
$80-$115 would be ridiculously cheap. cleaning fees are usually $60-$120 not $25-$35 lol
Never used any short stay and never would. I will stick with hotels thank you
Funny enough I think Airbnb actually made my preferred hotels significantly better and cheaper. All the sudden the prices dropped and the service quality went way up. Love you Holiday Inn!😅❤
Holiday Inn and Courtyard are the only ok hotels to go to in mainland USA. To pay $250 for a simply room is insulting in the USA. Just embarrassing
That is an interesting effect of all this.
As someone who owns a cleaning company that specializes in short-term rental services. I would chose a decent hotel 9/10 times!! The issue is slum lords who use Arbitrage to acquire properties and the refuse to pay a decent wage to cleaners or put any money into the actual property. It blows my mind that people pay to stay in some of these places.
so why are you cleaning for them? what is your real problem and how would you solve it? do you own any str?
I don't have a problem, lol it's just frustrating dealings with slum lords. I solved it by eliminating the stress of our hosts and property manager by being a one-stop shop for everything supplies, linens ,laundry, trash service, lawn care, maintenance, etc, instead of just cleaning. STR are investments, and there are entire property management companies dedicated to acquiring properties and managing them, so by eliminating their stress, my companies get paid by providing all of the above services that I mentioned. We spend $0 on marketing, and they add about 4-6 properties a month to our portfolio.
We're seeing institutional investors and property management groups moving into Hershey. In my neighborhood, a duplex, four-unit apartment, and four homes (out of about 50) have been converted to short-term rentals. Four neighbors we knew, including two elderly ladies, were turned out of their long-term homes, and lower middle-class homebuyers are now priced out of the area.
When you take a short-term rental, you've done your part to destroy neighborhood connections and make it harder to buy a home for the next generation.
RIP to all the "bros" that took out mortgages and maxed themselves out on debt to buy homes to rent out right before that entire business model dies
If they have been renting for more than a few months they can still sell their houses even with a slight market value decrease, and be profitable. Only those who sell after the a potential crack will get in troubles
@@100tonen even the people who still make a “profit“ are still in trouble. Taxes bills/mortgage suck ass. And no telling how long it takes for those houses to sell and how much they sell them for depending on how bad your debt is you might be forced to rush and sell at a loss. And I imagine that’s their full time job so when it blows up they won’t have much to fall back on
I think I shed a tear or two
@@asonofliberty3662If its just a sell off theyre in for a good deal because of the housing shortage, they're in for hell if they want another property since interst is crazy
Not really because they can still sell the homes for a profit
It just gets me so upset that the community around me is struggling, Airbnb homes took away homes from the community. I get it some people want to make a bag but, it’s wrong when it literally affects families. I want to buy a home in my town, but I swear I’ve seen “Airbnb ready” so often it’s sickening. It’s a home for people to live in.
Air BnB destroyed the village I grew up in. Outside of school holidays, every single property is empty. Due to there being no permanent population anymore, the school, church, pub and shops have all closed. They were replaced by an Air BnB office…
Realtors are parasites, and the real estate "market" is evil.
Housing is a human right, not a privilege.
in my city in Australia there is a rental crisis with not enough housing for the amount of people applying. You see apartment buildings with 50 lockboxes outside. It makes me so mad.
I am considering having to live in a caravan park. People are having to live in places meant for tourists because they are taking our proper housing.
Politicians all have investment properties so they are happy with the status quo
Yes. Its spread to Mexico too. Mexicans are becoming homeless because of this.
Where did this happen?
I stayed at an airbnb that advertised the room as 119.00, but there was the 3% tax on top of the local taxes and a 60.00 cleaning fee on top of that. I compared that with my recent stay at the Marriott, and it was $60 cheaper to stay at the hotel. The airbnb only offered a kitchen as a difference, but I had to do the dishes after. Uber eats is less painful and tedious. I am strictly back to hotels.
Yeah it sucks when you use a kitchen then the kitchen won't wash its own dishes.
@@plurz215 your sarcasm game is strong.
One impression I've gotten from the video is that the "short-term rental bubble" has burst because the investor-owners using Airbnb are essentially having to "play the same game" as (i.e. directly compete with) established hotel/motel chains. The budget chains (and rival short-term rental services) can often undercut on price, while the higher-end chains can outcompete on amenities, reputation and the general perception of being "more honest" about pricing (no "cleaning fees" and demands on outgoing guests).
Especially considering certain local governments and homeowner associations are now cracking down on these things, I expect that it will only be a matter of time before the investor-owners are mostly out of business and what's left will be the "share a room with a local" group Airbnb pushes so heavily.
@@plurz215yeah is sucks when they charge cleaning fee and expect you to clean anyway.
I think you nailed it. In expensive locations you can save a lot by cooking whichever meals are not social engagements, so a kitchen can be a big plus, and worth the effort to keep it relatively clean as you go along. But if there's a hefty cleaning fee at the end that pretty much would defeat the purpose.
Oh boy, I feel sooo soo sorry for the greedy landlords that spent so much time and effort creating a housing crisis.
That's the free market, isn't it? I'm sure all these capitalist entrepreneurs understand that no investment provides a guaranteed profit. It's the risk that makes it exciting!
@jayogee913 People only enjoy capitalism when they are the ones "winning". When they start losing, all of a sudden everything is "unfair".
@@MiorAkif True point.
@@MiorAkif -- while part of that is true, when you don't control this world & that includes the fake fiat financial system NOTHING is fair. If you think the world being mainly evil is something to just accpet, then there's nothing more for us to talk about.
The evils made most of their money initially in the banking and use usary and brainwashing to make trillions off of us.
Then of course stealing ta.xes from us (the majority go to them off in EU) and then getting everyone addicted to drugs & selling them drugs & that's both rec & evil pharma.
You have no idea how evil this world is and the worshipping of MONEY is one of the biggest (not only) issues. That's how they control their evil collectives who do their dirty work for them & then the 99% does the same thing b/c they model themselves after EVILS and their evil behavior.
It sounds like you worship money over Natural Law.
And I used to be an entrepreneur, but I have a Conscious and I woke up to the Truth back in 2015 & it's only in the last 4 years have I learned how bad things are. Before I was only studying part time, since the war started, this is my full time job.
Just give it this year & if you haven't already started feeling the collapse of the WORLD economically, you will. I've been watching it unfold since the war started in March 2020. Of course they were playing games with the economic system long before then, but this is it. Pretty soon no one will have any money & the mafia government will come offering you their CBDCs so long as you be a good little boy.
They are set to steal EVERYTHING you own if you can't hold it in your hand. They even told us they were going to do this years ago.
No thanks, I don't believe in SLAVERY, I choose to FIGHT
Screw them.
I actually did like the aspect of staying in a bedroom rented out by someone who still lived there. I've stayed in some amazing AirBNBs that way - an attic in Roanoke VA, a 17th century farm house in Massachusetts, a converted backyard garage in Petaluma, CA. Those hosts were all excellent folks who gave us great restaurant recommendations and a lovely experience at a reasonable price. But with the prices now reaching hundreds of dollars a night, I'd rather just stay in a Super 8 for $60 and have a place to shower and sleep and bring my own soap.
exactly. its no longer what it was sadly. greed took over. they want as much as hotels now plus you clean and get charged to "clean"-i mean hell these places all i moved were the sheets, and im paying you 60 dollars for cleaning? there went the savings on my 3 night stay. I lost my phone in mexico, i had an airbnb we were leaving for another down the coast. airbnb wouldnt help me with anything, they wanted to send a code to my phone, THAT I LOST. I stya on hostels whenever possible. Im traveling for the area and experiences, not to be plush comfortable as if i were home. whats the sense!
@@whateveritwasitis When you say "they want as much as hotels now", please understand that it's not Airbnb that asks these prices, it's the hosts. People, deep down, are greedy and uncaring, and don't give two fucks about the rental stock shortage that their Airbnb listings create. If Airbnb and Stayz disappeared overnight, approximately 200,000 houses would re-enter the rental market across Australia, which would effectively triple our current vacancy rate which is currently sitting at an absolutely diabolical 1.2%... Turn up to any rental inspection in Melbourne and Sydney at the moment, and you'll see anywhere from 50-80 people inspecting the house over the course of 6 ten-minute slots (within a single hour) the realtor gives prospective renters to check out the whole house. Over a week, close to 1,000 people will inspect every single rental, many of whom will begin bidding up the price of rent to secure their place.
@@whateveritwasitisGIRTHY HOGG WHIPPED OUT IN A HOTTUB
@@michaeldoran4367 huh?
$60/night is a good way to end up with bed bugs. No thanks.
The worst thing about using AirBNB are the insane and arbitrary “cleaning” fees. They often charge up to $300 for a small place. But for some reason, you still have to clean everything and take out the trash. In LA, $300 gets you two maids for like 4 hours. Those places are never that clean.
Simple : don't book Airbnbs with such fees. Problem solved.
yes i'd get a list of chores ( A LOT!) which would take a good hour to do when i wanted to just get out and on with my day or to the airport or whatever AND they would charge me $100 for cleaning!
@@BusinessDisruptors If you can find me one airbnb listing at this point without cleaning fees, I'll legally change my name to Bob Smith.
I was recently in a hotel in Geneva which had a shared kitchen, hostel style. In a city where restaurants tend to be fairly expensive, that´s a huge benefit for many travellers, with almost no downside to the hotel (it only served breakfast). If more hotels implement simple quality of life solutions like this, they become really competitive with AirBnBs.
Airbnb was so nice in the past. Now every property is run by a third party company, keycard doors, no contact with the host but with an agent - it’s wild
I once stayed at an Airbnb that wanted you to sweep the floors, wash the dishes, and start a load of laundry. There were also signs on just about every single surface telling you what you could and could not do. One of them said “no shoes,“ and within an hour the bottoms of our socks had turned black. There were signs on top of the toilet tank, on the fridge door, the sliding door to the back deck, the fireplace, the inside and outside of the front door, and next to the sinks in the bathroom. that was the final nail in the coffin for me.
Yikes. That sounds like a nightmare.
That seem to be American thing. We rented a cottage called bear house or so in ash fork. They charged 30 dollars cleaning fee and left a horrible rating because we didn't clean dishes or take out the trash. It's in the middle of the bush!
Had a similar experience here in Colorado that was advertised as quaint and lovely hosts, etc. The instant we arrived, we had to remove our shoes and wear Crocks ! Also, no food or drinks inside our rooms not even water! I'm also done with air bnb.
LOL. Damn!
@@gigi9301 i'll never understand why Americans wear shoes inside the house, do you sweep and mop daily?
Compared it to nice hotels on the last trip I took with my kids and the hotels were cheaper and significantly nicer. I added everything up and saved over 400 by staying at a hilton. It was crazy to me how the offerings on airbnb were so high for crappy old houses with new paint and zero amenities.
They had no toilets showers or sinks?
The main problems that I have with Airbnb is that they offer pretty much nothing but charge so much money for our rentals. When we encounter issues with home owners, they almost exclusively side with the home owners on almost any issue.
Plus, the fee standardization is very unclear and basically home owners can do whatever they want. I have home owners asking me for money when I check in (even though I have fully paid when I booked), home owners charging extra for cleaning fees (at times cleaning fees can be 70% of the rentals) etc. Besides, when home owners cancel our reservations, they are not required to compensate us with anything but when we cancel our reservations, we have to at least pay some of the money......
The concept can work but Airbnb is too greedy and too sided with home owners, causing them to collapse/.
I worked for a airbnb rent property company who had hundreds of houses all over texas, outsource guest communication from the Philippines.. the whole thing was wild .the amount of houses that would sit empty and they would pretend to rent out just so they wouldnt get in trouble with airbnb. I got laid off a month after being hired due to them not having good sales. Guess it was a blessing in disguise
And people wonder why there is a global housing shortage. You can thank companies like Airbnb for hogging all of the supply.
What a dubious way to make money..
To be clear, AirBnB is not actually worth more than the legest hotel chains. Its stock is just more valuable because there’s a massive tech bubble b/c everyone thinks that tech stocks only go up.
It's a webpage, not a tech company. Airbnb should be compared to a newspaper.
@@s99614 You have no idea what you're talking about. Most tech companies are just "webpages", lmfao.
@shamrock7599 Wait, what do you mean can you elaborate further? ( not criticizing genuinely curious allways was under the impression that tech companies had to provide a product of value or like get investors to invest in a future idea) 🤔
@@faustsin9366 many tech companies provide a digital product or service. Google, Facebook, airbnb, Zillow, etc.
Also, Airbnb owns no assets (real estate), so their value is all digital.
As a northern Minnesotan this is an absolute win. Im so sick of being priced out of homes in my area because of short term rentals.
Northern Minnesota here as well. I've been looking at real estate and many, especially lake hmes listings state that they have AB&B listings that you get if you buy the place. What if I just want the place to luve? What happens to the listings?
Real estate has doubled in the last couple of years here in lake country.
@@seameology my favorite is some of these people have started to sell slowly and they cant get what they want. Rural mn is gonna be a bloodbath due to airbnb. But that works out for any locals.
@@n3rdst0rm The real question is, who is vacationing in Minnesota?
@@UpYourArsenal fr.
Local regulatory changes on AirBnB drove a lot of this. Really a bad idea, harmful to resorts, harmful to long-term residents, harmful to almost anyone except a seasonal property owner looking to sell.
I live in a small (5000 ppl) town in a touristy area. In the 2000s, investors started buying all the houses and flipping them, which priced out first time home buyers. Then in the 2010s these investors switched to turning everything into Airbnb rentals. It’s next to impossible for locals to find a house to buy or even rent now. And the few places available are either newly renovated and incredibly expensive or extremely old and rundown…and still expensive.
Welcome to capitalism. Until we elect other administrators into offices, this will never change.
Similar... certain neighborhoods in Annapolis we're bought up by investors to Airbnb. Some people moved away because it was no longer a neighborhood.
Investors should be forced to sell or penalised for empty properties. Also progressive taxation bands based on the number and types of property they own. Barriers or protections need to be put into place to ensure first time (local) buyers who actually intend to stay in the homes are prioritised.
I'm amazed someone would open an Airbnb in a tourist area 🤔. All first time buyers should be allowed to buy a first home in a tourist area.
Former Airbnb housekeeper here, the majority of home owners steal the cleaning fee. Leaving half for the housekeeper. They’ve never worked in the hospitality industry and are therefore unprepared mechanically, with inventory, & general standard practices within the industry.
I have so little sympathy for people going bankrupt because they over-levered themselves on short term rentals. Fools were duped into thinking it's easy to own real estate. I love the core concept/idea of the platform but hate what it has become.
me too!!! i wish they will regulate here in my country!!
Agreed. There is just something inherently slimy about profiteering off of property in my opinion. Everyone deserves a home, yet it has been turned into this gross commodity that is effectively creating a modern day feudal class system, of the haves and have nots. Things really need to change. Unfortunately in Australia where this is one of the worst places in the world for real estate, our politicians are all completely invested into the real estate market and wouldn't change a thing..
@@larion2336The reason real estate is such a good "investment" is because it's state endorsed feudalism. When every parcel of land and every individual home is owned by the feudal lords (real estate corporations) nobody will ever be able to buy a house because your just a measly serf that can't outbid a mega corporation
Well as a struggling 80 year old, being able to rent a room out to travelers has helped considerably with my being able to pay my property taxes.@@larion2336
How did they over leverage if the extra property was making extra money for them until the government said at halftime they can determine want they can do with their private property
I use Airbnb for when we travel as a family, but for solo/couple trips anymore I get a hotel room. The fees and cleaning expectations are getting ridiculous.
Campgrounds are cheaper than even hotels. The core issue: paid showers and the only bathrooms are stalls.
This is what stops me from using airbnb. Seeing all the places that charge a ridiculous amount for a cleaning fee, then they expect you to still clean everything yourself.
@@razorswcmy mum hosts an Airbnb and the cleaning fee doesn't even go to the host. The host doesn't set it either, it's just Airbnb grabbing cash.
We were in one where they asked you to dry the shower walls after each use. That was silly to me.
@Ollie5 Thanks for the info. Yikes that is horrible and makes such a fee even worse. Makes me never want to use airbnb if they have bogus fees.
The concept only ever worked back when it was people that genuinely had a spare room in the first place, and enough spare time, that it made sense to allow people to hire it out.
It was doomed the moment the investors and entrepreneurs got hold of it - mortgaging properties specifically for rentals, or turfing out permanent renters in favour of short term.
I paid for cleaning fees and yet still was asked to strip the bed sheets and wash them before leaving 😂 that was… unique.
I hope you refused it.
i mean that was on you. the host cant make you do shit and you could take that up with airbnb
The host ask for that to show you that your bed sheets were clean also, dont you get it?! Silly you
Just say that you did it lol
the host asked me to leave a 5 star reviews and he said he will do the same but i ignore him then i get a bad review. I cleaned the apartment very well just left a little bit litter near the door because no tool t, after that no host would accept my request lol
what really is bugging me with airbnb is the inconsistency and the surprise that awaits you.I did a roadtrip for two weeks this year in central Europe and tried to get a hotel whenever possible. Well, even though i booked 3 months earlier, for my group of people there was sometimes no other option than airbnb left (apart from spending 2-300$ per night/person in an exclusive hotel). Just let me say: The worst rated hotel was better than any of the airbnbs. They ranged from control freak landlords that put signs next to windows and toilets how to use them and that improper use would account to x amount of fine blahblah, to not mentioning that the flat/house owner has pets (cats) to be specific (very nice for allergic people...) and messy houses (at one we had to enter from the garden door and it was just piles of rubbles laying everywhere (broken chairs/tables, old barbeque, etc.). But the cherry took a flat that was not cleaned and was so nasty we cancelled the apartment and cut the trip 2 days short. Say what you will about hotels, 99% of the time you get a reliable, clean and comfortable stay for the night. With airbnb it is all hit and miss.
that sounds suboptimal
AirBnB used to be cool like a decade ago. It got to the point where it became more expensive than cheaper hotel chains like Best Western or Holiday Inn. And it became more expensive like 10 years ago. And then there were all of the hidden fees that started popping up that were put in by the hosts: The entire, final price after taxes and fees should be what is displayed when you are looking (hotels are also guilty of this too).
And all of the bullshit rules so many of them have. I'm sorry but I am not doing the laundry for the sheets and towels before I leave. That is ridiculous.
I don't bother even looking at AirBnB anymore. Hotels for the win, and I don't even really like the hotel industry, it is just leaps and bounds better than AirBnB.
And I don't like the idea of being rated as a customer. If you cause any problems, they should be able to report you to the company and the company should be able to ban you if what you did was egregious, just like hotels can.
And none of this is to mention how it is negatively impacting the ability of people to find a place to live by fucking up the rental market.
As far as the rating system goes it works exactly how you're saying in practice. Sure, hosts can see your rating and decline you based on that, but they won't usually. If you act like a normal person, the review system is so much harder on hosts that they're incentivized not to start bad blood with you because you can hurt them way more than they can hurt you in most cases. You're right about washing sheets and stuff too though. Cute they think I'm going to do all that after paying $200 for a cleaning fee. Absolutely not.
It's only become more expensive in the past year or two. Now you have to really search for a place that's cheaper and where you're not the maid and paying exorbitant cleaning fees.
Still, can't charge my Tesla at most hotels for free.
We used to always get an Airbnb for our California Disney trips with two families. A few years ago it was very worth it. Now with the prices waaaay more than they used to be, cleaning fees, having to clean up everything yourself (essentially the make the renters housekeepers), a hotel is way convenient and cheaper.
Where do you travel now? Disney is unaffordable on its own!
im happy you mentioned the cleaning fee because that became ridiculous. Just wasn't worth the hassle anymore when you get a better service and peace of mind with a hotel
Japan caught onto the potential damage from AirBnB early on. I lived there for years and many of the apartment complexes had outright bans on AirBnB. There were still listings, but you could tell they were illegal because of the weird hoops you had to jump through to get inside the building
Japan, as I've heard, is a super respectful country -- not surprising to hear. Delighting, actually!
I think certain buildings in NYC ban short terms stays as well.
I have had good experiences using airbnb in Japan (this year)! Agoda, on the other hand, I will no longer use. I have been burned too many times.
I rented an AirBnB in Japan where I had to walk past a big "AIRBNB NOT ALLOWED" sign in the lobby and then another one outside of the elevator and then another one INSIDE of the elevator before getting to my unit. Spent the whole time afraid of getting arrested and deported lol.
Yeah it's really tough to find a legit airbnb in tokyo now. But honestly hotels aren't that much more expensive, but could be a smaller space.
There was an arbitrage opportunity, it was exploited, those folks got rich, everyone else corrected their prices and offerings, and now it's collapsing. Invisible hand doing as it does.
This.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
The final nail for us was a host telling us to leave the place as clean as we found it even though she charged a cleaning fee.
But “as clean as you found it” doesn’t mean you actually cleaned it. It means you picked up after yourself. I am a host even if you left it as clean as you found it still would have to be actually cleaned with disinfectant and treatment, like the toilets and the toilet bowl, refrigerator, microwave, toaster, coffee maker, oven, stove top, sinks/faucets, door knobs, food and table/counter surfaces, dishes and putting them away, towels and bedding have to be washed and replaced. Also a fresh toilet paper, trash bags. Even if a guest left the place “just like you found it” I would still have to spend a minimum of 3 hours actually cleaning it. Just saying most guests don’t know how work it actually is to make a place feel “new” for the next people (if you’re complaint in following the health and safety guidelines for operating a short term rental). I know many hosts skimp on the law and don’t clean like they should, but do most hotels. I haven’t found an actually clean hotel in a long time and we mostly stay in hotels ourselves.
@@itshadouken then your “cleaning fee” should be incorporated into the regular renting price, or called “disinfection fee”. Normally fees are for extra services. You will agree that guests feel cheated when they do the cleaning themselves to avoid paying the cleaning fee only to be told that fee is mandatory.
@@pansepot1490 Nope, it should not because it’s a different activity so it’s taxed as an expense not as revenue. First time eh? You are basically saying there should be no fees or taxes ever but there are for keeping track of what’s being billed for what. The nightly rate is pure revenue but cleaning is an expense on my revenue. So when you file taxes those fees are separate. Hotels don’t have to do this because they’re cleaning staff is hourly. When you manage just 1-3 STRs and do most of the cleaning yourself then that’s how it needs to be done and that’s why it’s done the way it is.
@@itshadouken As a host...you made money...so clean the place and don't complain.
"fresh toilet paper, trash bags" really? 😨🤣🤣 Give it up!
@@pansepot1490 Cleaning is a lot more work than just disinfecting. So, if your cleaning fee is $100 and your nightly rate is $80 then with your genius plan how would that be included in the nightly rate? 1 night would be $180, 2 nights $130, 3 nights $113… 7 nights $94 per night. So basically there no way to give someone accurate nightly rates in your genius plan.
The damage this app has done in states that don't regulate it is hard to even grasp. Some cities just renting an apartment is way out of touch with reality
I wish it were that simple. I'm in a banned Airbnb city and out costs are still at all time highs. It's the city governments taxes and giving breaks to investors. So the investors can't Airbnb. How housing is bought up to create crappy neglected apartment complexes
And in Canada, and all over the world tbh
@@notoriouswillyb439070? Where do you live, Hawaii?
O it blew my mind in Arizona just 1 company bought 7 rows of Aparment complexes that barely had the foundation set up to turn into exclusively Airbnbs these were like 150 to 200 hundred tenant complexes. When I started digging around with some investors I met people with 2k plus Airbnbs I straight up did not fathom it
Has the app done any more damage than the blackrock's of the world and the large institutional investors and funds buying up thousands of houses and hiking up the prices? Even Zillow got caught with their pants down and they were not in the short-term market. Housing is far more complicated than just airbnb. Government regulations that prevent people from building new units is also a major issues in a lot of cities. If you cannot create new inventory because of zoning, councils, laundry list of permits, then they are also contributing to the problem. Airbnb is just one of many players in a much larger game.
I got sick of the hassles when you can just check in to your hotel without the 10 codes, 2 different keys to get in, 15 rules of the house. Most of the listings are inaccurate and overpriced with too many rules. Then I realized they started listing properties to only let you check in after 4pm and check out at 10am. The hosts became GREEDY.
About the check-in and check-out times you mentioned--Hosts have to do a much more time-consuming cleaning process because of COVID regulations, so the down-time between checkout and check-in has gotten longer. The room has to be aired out prior to cleaning, for the safety of the staff, then cleaned and then surfaces sprayed again and left to dry out and the room to air out again, for the safety of the guest. Also, the previous guest may have left a really huge mess and it can take hours of work to deal with it, especially in cases of pets, parties, smokers, perfume sprayers, messy cooks, and illness. And, your hosts often are working a regular outside job too, or have to pick up kids at school, etc, so time to clean between guests is needed. If you book the place for more than one night, your next days will all be full days; if you want to check in early or stay late, just book the previous or following day as well, so you can arrive or leave when you want to. It still will cost less than most hotels!
You are coming to the WRONG person for sympathy. LOL Cry me a freaking river. ROFL@@Jl-pm6fp
Actually, I feel completely gross putting my feet on someone else's rug. Sleeping on someone else's bed where they have sex (although hotels are the same, but still), but I totally understand the American perspective. Hotels are so unbelievably expensive in America, and the rooms are subpar compared to the continent of Asia and what they provide. A 5-star hotel in Bangkok is 100-130$ -- that same hotel in America would be 500-1000. Just unacceptable. So, DON'T TRAVEL TO AMERICA! LMFAO@@Jl-pm6fp
and lazy
I’m going to Disney next year. Got a hotel room, air bnb didn’t cross my mind because of how bad their image has gotten. Great video.
My final straw was when I lived in Sonoma and the wildfires hit at 3am in 2018. Everyone was fleeing and we had to evacuate 35 horses we were taking care of and ourselves plus our 2 dogs. After moving all the horses from 3am to about 9pm to the Sonoma racetrack we had nowhere to go but our truck and horse trailer. We spent the night sleeping in the trailer with just blankets. There were no hotels as they all had mandatory evacuation so we resorted to trying to find an Airbnb. Not only did all the local airbnbs raise prices, most of them refused anyone with pets regardless knowing people had no where to go. We finally found one place that allowed us to rent but it was an hour and 30min from the racetrack and we had to feed/check on the horses everyday. They charged us $450 a night and we had a BOOK of rules plus they tacked on a huge pet fee. Our dogs are both Australian Shepherds and are highly trained working dogs. They are not wild destructive pets. They required we cleaned the house, washed the sheets, mopped, ect. Which we didn’t mind doing at all, but then got charged a cleaning fee for their maids to come once a week. They only allowed us the rent for 2 weeks then said there were other ppl interested and they wanted to give others an “opportunity” to stay to be “fair”. We luckily had a friend open up their guest house to us and we stayed there for about another month until it was deemed safe by the fire department to go back home. After that I swore I’d never use it again. They literally preyed on people fleeing that had no where to go. All hotels in the surrounding area that weren’t under mandatory evacuation were full too. After that, we packed all our stuff and moved back home to Texas.
It’s absolutely despicable that they took advantage of people in a crisis.
I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.
For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
You are right! I’ve diversified my $150K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $330k in net profit across high dividend yield stocks, ETF and bonds.
@@TomD226 Do you mind sharing info on the adviser who assisted you?
@lowcostfresh2266 Actually, I'm not sure if I'm allowed to mention this, but I'd recommend looking up Laurel Dell Sroufe because she was a big deal in 2020. She manages my portfolio and serves as both my coach and my manager.
@@TomD226 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I used to be a Trip Case Manager with Airbnb's 3rd party call centers. (24/7 Intouch for those curious) One of my very first calls was helping a landlord relist all of his recently acquired apartment building, the *entire* building, as individual Airbnb locations. The man had went out and purchased a local complex to reopen it as short term airbnb rentals for way more than they were going to have been making renting them out like normal. (assuming they could fill them every night, etc.) Like dude, at that point just go open a hotel and stop taking away local affordable housing from people that need it.
A lot of people want to stay in apartments for the short term rentals not hotels. Mind you short term means anything less than a few months, like three months is also a short term rental really (if you don’t think so try and rent a long-term apartment for a couple of months, good luck). A lot of people don’t want to stay in hotels for weeks and months, they want to stay in apartments. It’s a different experience so you can’t just say “go open a hotel instead”. It’s a different kind of housing.
This is common in a few areas in Greece. Buildings are purchased for the purpose of being turned into Airbnbs, and regular folk are driven out of their homes which they can no longer afford because rent is getting higher.
@@antondubkov Right there is the problem with AirBnB. If it affects the local housing availability for the people who live in the area, then what some AirBnB landlord wants doesn't, and shouldn't matter for shit. Fortunately as this video explains, that is increasingly case. And if some AirBnB landlord loses all of their money because of an obvious cash grab scam, then the world becomes a slightly better place,
@antondubkov its still a problem, however you want to define it
The narket got over saturated with these. Many will switch back to long term rentals.
This has been a huge problem here in Canada. The BC government invested in building low-income houses, which were then bought by people who converted them in Airbnbs and rented them for prices that none of the locals these houses were meant to be bought by, could afford to rent.
It's insane. The cleaning fee is more than the actual place, plus they still want you to "clean up" and have instructions for how to organize the place before you leave. Check in at 4, check out at 9... might as well stay in a hotel. It's cheaper and more convenient.
I don't get it. In a 4 star hotel they give you toilet paper and clean towels, they tidy and clean your room for you, you get breakfast, air conditioning, and a mini fridge that they restock for you. Everything's taken care of. Ya know, an actual holiday. Why would you want to go on holiday somewhere where you are basically having the exact same experience as back home, having to make your own food and do the dishes? Doesn't sound like a nice, relaxing holiday to me...
I totally see your point. As a single residence Airbnb owner, we would never ever recommend that a single person, or even a couple for that matter, rent my house. The amenities of a hotel are almost as convenient and the price more affordable for that faction of the general population. That said, you are stuck in a 3-400 hundred square foot space with little to no privacy or character to offer.
Our house is 3 bedrooms in a quiet wooded area, two sunrooms, large kitchen, 17oo hundred square feet, multiple seating areas, firepit and grill, on-site laundry and two blocks from a popular lake destination. It sleeps 10, easily. No hotel offers that. It's just a different experience. And, when two or more families want to make a trip together, cook their own meals instead of ordering expensive and crappy room service, the average price per night is actually LESS than your average chain hotel -- yes, even IF you include the cleaning fee involved.
So, the mileage varies by family, as it should. As a family who owns a single Airbnb, we are looking forward to a reduction of crappy, institutionally run Airbnb's in our market, because we believe there is still a real quality proposition to be had for the right vacationing family. We enjoy communicating with our guests and love getting feedback and positive reviews. So, all of that is to say, it's not completely fair to paint every Airbnb owner with the same brush.
I agre
Paying $25 for a breakfast full of my allergies doesn't sound better than cooking myself.
@@prman9984ok then that's obviously not for you, snowflake lmao
Free hotel breakfast... The bane of the business traveller.
Fees and complexities. Went from being fun, easy, and affordable to frustrating, expensive, and waiting to find out how you were gonna get screwed.
Yup! Thats how I feel in Hotels. They nickle and dime you for everything. Even things you do not want or need. And it just a boxed room for Pete Sakes!
I was a early adopter, along with uber/lyft, on a trip with friends they couldn't believe that we rented a private house for a few days and I could call a cheap taxi from my phone, it made our trip very affordable. Now a days hotels are usually cheaper with all the extra Airbnb fees now
Airbnb is one of the biggest reasons (I know there's others) why home supply is low. Hosts are buying 2, 3, 4, houses with the intent of making them into Airbnbs. The low supply of houses available drives up houses prices.
Maybe there is a low supply of housing because it's not easily legal to live in an RV?
And why aren't more houses being built to accommodate demand? Because government makes it so hard and expensive to build housing.
House supply is low because not enough houses are built to keep up with demand. It's basic economics.
You can't tell people what to do with their own money, if I want to buy ten cars, or ten houses, that's my problem. If the supply of houses doesn't match demand, what needs to be since is new housing supply should be built, with the least bureaucracy possible getting in its way.
This is a government led fallacy because they never want you to realize that the only thing getting in the way of housing supply being built is their own stupidity.
@@user-iu1ru1qz7u Look up "buy and leave" and "ghost blocks." There *is* enough housing. A lot of it is being deliberately withheld by investors to create shortages.
@@user-iu1ru1qz7u Local government of the homeowners, by the homeowners, and for the homeowners caused this mess.
I’m definitely guilty of falling into the Airbnb trap, although I only ever owned one rental property and not multiple. I bought a 3Br on the Texas coast, with an ocean view, and it was purchased before housing prices went insane in much of Texas. I was getting tons of rentals, but after fees, taxes, and upkeep costs, I never even came close to breaking even. And as the video mentioned, the prices you end up having to charge aren’t even any cheaper than a decent hotel. Not to mention, I had my brilliant idea around the same time that thousands of other people had the same brilliant idea, which led to an extremely saturated market. Needless to say, I am no longer in the Airbnb game.
Good.
@@Chris-ci8vslmao 😂
I'll have to go check out the Texas coast.
@@orthopraxis235 It isn’t for everyone, but there’s some pretty popular coastal towns along the Texas coast.
I hope you sold it and made a great gain on the increased home value.
Nothing beats a nice hotel with breakfast included and someone to clean your room and make your bed everyday
There are hundreds of things that beat that when traveling. That's a pretty low bar. Slamming hotel doors at all hours of the night, drunks guests in the hallways, hearing people through the walls, housekeeping knocking on the door, construction noise, only having one bathroom, not having a comfortable place to relax then than a bed... All things that happen regularly at 5 star hotels. I travel for work regularly and hotels suck. Not to mention room service is way overpriced anyway. I'll take a great vacation rental on any personal vacation over a hotel any day.
The rules in an Airbnb we stayed at recently in Seville included the threat of being "immediately expunged" if the neighbours complained about any noise. Yet the same neighbours
walked past our door every night after 1.00am making enough noise to wake us up. Yet we had no authority to "expunge" them. That rule really pissed me off.
So why did you stay there?
The only horrible guests I've ever had were from the UK. Neighbours?
P)p
@@linapesz313 Have you never had to settle for a less than ideal situation because otherwise you had no other options
@Milkmouse1966 have you ever heard "you chose that so don't complain "....Also, if you can afford to stay in Airbnb, you can afford hotels or hostels...
I refuse to use this type of lodging when I travel because it takes away permanent housing. This is a major factor why there is a housing crisis in cities around the country.
You're basically saying "exposing housing to capitalism is bad for housing"
THANK YOU!!!!!!!!!!!!!!!!
This and other non air B&B short term holiday lets make me SO angry! I’ll never be able to own a home in some small communities I have dreamt of living in my whole life like the Scottish Highlands and Hebrides because any home that does go up for sale is immediately snatched up by a greedy landlord and is developed as a short term let which is just destroying these communities.
So instead of a person who would have joined a small community living there permanently it’s instead just a revolving door of tourists some of who will likely damage/pollute the country side, park in passing places on one way roads, park their car in the private residences of others and not read the sign, park in front of cattle gates etc and tourists will only be there for a few short weeks during late spring and summer. So that home is just… lying empty for the other 7-8 months out of the year!
Like… that’s so unfair! It makes me so angry to see it when I’m someone who love more than anything to live in a cottage in a small village in the highlands and contribute and get to know my new community but I’ll never get to thanks to greedy bastard landlords
it's not. do you really think there was no housing crisis pre-AirBnB?
THANK YOU
I used to travel extensively and use AirBnB but yes, all of a sudden there was long cleaning lists that were excessive (every cleaning item listed plus trash out and down to the street) and we're paying a high cleaning fee (half the time for them to do it themselves). It started to feel like a rip off, and the places weren't THAT great to warrant a bunch of work and rules (when we are clean, quiet people coming in that they should have just taken the money and not wanted so much from us). I was just like, forget it, I'm going to a nice hotel.
Exactly my experience, in last few years quality drops significantly. This summer was using Airbnb in turkey , no soap , no toilet paper . And we are speaking about apartments range 80-130 $ . So in future only hotels …
@@staedtler0021 Saying "only hotels" is foolish. Use both to your advantage. I've stayed in airbnbs in 15+ countries and never had a "cleaning list." In most places they only asked us to take out the trash so it didn't attract ants or bugs if they didn't come to clean the apt for 1-2 days. Totally reasonable. But I tend to stay longer than 4 days -- we usually book 1 week or 1 month stays. A hotel would be terrible for a month, and for a week a hotel is often not great unless the hotel is a certain quality. Being able to cook is great, having more fridge space is great to stock up on some eggs or food, or if we need more than 2 beds the airbnb is better. Having our own balcony, pool, hot tub, terrace is much better. Hotels can be bad quality too. I've stayed in hotels with bad cleaning, loud noise, knocking on the door at 8am for housekeeping. etc. I use both hotel and airbnb depending on the trip and the location.
@@Originalman144Airbnbs are great in that's it's providing competition to hotels but the practise itself is very bad for the locals since they jack up rents creating tourist cities where the locals are driven out and just generally create more noise and pollution.
@@googane7755 These are theories. There is very little evidence that “locals” would we able to buy the property in prime locations anyway. In most cities there are locals that can pay high prices and locals that always live outside the city. The property still have to be remodeled, refurbished, etc and this cost money.
More noise and pollution is also a theory- there are many variables for this statement to be true. If someone rents an apartment for 1 month to work remotely and relax, they are probably creating less pollution than having for example 10 different groups stay in the property during 1 month for 3 days each. It’s a very complex equation. And not the same for every city.
Locals pollute too. Locals also make noise too.
I live in Paris, the city with the highest amount of Airbnb's in the world (in raw number, not percentage of total real estate) and I can tell you, short term rental is VERY far from collapsing. Despite the local government limiting to 120 a year the number of nights you can rent your appartment as airbnb, it is still over 3 times as profitable for landlords to rent short term rather than long term in the most sought after and profitable neighboordhoods of the city center (like around Notre-Dame or the Marais), in part due to purchasing power differences between locals and some tourists (USA, Norway etc). Oh yeah and also in part due to the fact that a lot of landlords don't care and rent them illegally as the video said for LA. There's been a war between the local parisian government and airbnb to know what the numbers actually are (oh and airbnb actually say that the vast majority of owners renting on the platform are actually "modest income families renting their main residence", yeah sure, the low incom families that go on a trip literally every week-end)
I guess it probably isn't profitable to buy an appartment in these neighboorhoods just to use as short term rental because of limits put on rents, but, you know, like in the USA, this reasoning doesn't work for baby-boomers who bought the properties back when it costed a few years of an average salary. And also, since real estate in large cities is just financial speculation to some, short term rental is just a way to make an even higher profit once you re sell your property 20 years later for 4 times the price (actual numbers of growth of the square meter/square foot in Paris)
Yeah of course it still works in one of the highest visited tourist destination in the world. Problem is these things are in every city and town and the market for most marginal markets and even many solid Airbnb properties that used to make money don't anymore. Try making triple the rent in Nebraska or Indiana. Yeah there are small pockets where the model works but everyone outside these areas are taking a bath.
@@michaelharris8598correct. Like all real estate it's hyper local (location, location, location).
While Paris may not see a collapse a significant correction is likely.
It could be true that the majority of owners on the platform are renting their main residence. Meanwhile there could be 5-10 major real estate companies who run 90% of the properties. Very common statistical trick.
I did Airbnb once and it was NASTY!!!!! The moment we got there, I saw so many horror stories that I knew I needed to film and take pics before I entered and I’m glad I did. The bathroom was disgusting, the beds were slept in and the sheets were YELLOW!!!! The towels were used and honestly it scared me enough to leave and get a hotel. I’m never using an Airbnb ever again.
Airbnb lost me the second they let a host attempt to charge me thousands of dollars for damages I didn't do, that the host HERSELF did to spite me, thinking she was getting back at me for being a "scammer". The scam? Taking her word when she said she was helping me with car trouble out of the kindess of her heart and not because she wanted something back. What I got out of it was a 4k accusation of ruining all the carpet in a room and gouging scratches in her table, burning it up and ruining the enamel on the wood. Guys- I stayed there 10 days barefoot and cooked once. I am a quiet, diligent college student with anxiety, and I was there for an intership-I would never cause thousands in damage that I can't afford, accidentally or on purpose. I paid for therapy after that fucking trip. Never again
Lol therapy over a charge dispute...
@@xlixity you literally don't know me, and why are you making it seem like thats some little thing. When you don't have much to your name and you have an anxiety condition it can put you mentally out of commission.
@@obli475 Are you American?
@@obli475Bro grow some balls. She may have been wrong but being dealing with it like a man would be better in the long run brother. Hit the gym and move on. No one cares about your anxiety.
@@natekonswhat a bunch of a$$holes in this section "bro"
I moved to a very touristy area in West Virginia and in 4 years airbnb has changed the whole community from a town friendly vibe to only hotels and short term rentals it is very sad what this company has done to communities around the area. Multiple friends and my family would love to live in the area but cant because of these short term rentals.
I wouldn't blame the company for its success. The people who invested in buying homes & renting them out are to blame for the outcome. I get it, it's gotten really out hand. Plus, there are other companies & apps that contribute to the problem.
There's no part of west virginia that touristy
No one is going on vacation in West Virginia
@@ShadeVictoria Happened to a small island my parents live on. All the boomers got extra greedy and instead of renting to the folks who work on the island at the stores/gas stations/school because they could get some more money through ABB. Now the greedy whores have no one to run the gas station or the grocery store and I couldn't be happier, avarice is it's own prison.
@@snickerdoodles787 Look up Harpers Ferry WV we get over 500,000+ people a year visiting it is the Appalachian trail, the river, the headquarters of the Appalachian trail and a historic hot spot. Not to mention it is close to DC , Virginia & PA so a lot of people from those states come to visit.
You probably have never been to the state :|
Another lovely issue is the uncontrollable spread of bed bugs. Private hosts often don't have a clue about how to prevent that problem from occurring and spreading. Hotels, at least, should know better.
I travel year round using mainly airbnb, been doing it for several years now. Never had bed bugs. I think this is a bit of an exaggeration.
Well i have had bed bugs. At a Super 8.
Hotels aren't really any better about that, though
It just depends on the quality of the host, same as hotels. There are shitty hotels with all kinds of bugs.
How is bed bugs an issue exclusive to air bnb? What a stupid statement.
Airbnb ruined my life. Five years ago I was living in my dream home by a river when my neighbour sold his house to an out-of-town airbnb investor. That home was turned into a 24/7 party house, thanks in part to a swimming pool in the backyard, outdoor sound system and multiple bedrooms allowing up to 20 person accommodation. Despite every legal option I could take and weekly police visits, after 2 years of noise, trespassing, trance music at 3am, a sleep disorder and on the brink of a nervous breakdown, I sold my house at a loss. There is no going back mentally or financially; and given my age (+70), I'm only beginning to recover financially. It's taken 6 years for me to regain a healthy sleep pattern. I'm sure there are many victims like myself, who suffered tremendously during those initial Airbnb days. I will never support the idea of setting up mini-hotels in residential areas, and cities are only slowly changing policies thanks to one obvious outcome: the current housing shortage.
I never use Airbnb here in the US, but when traveling to Mexico or other parts of Latin America, I've always had a great experience. In one town for example I recently paid $20 a night for a crappy hotel in a tiny room with a horrible mattress; there were no "nice" hotels in the area. So next time I booked an airbnb and for $25 a night I got an entire 2 bedroom/2 bath apartment with a kitchen and wifi, and the beds were good quality.
Nobody speaks about how they destroyed the long-term rental market in some countries. The shortage in long-term rental properties created a hike in those rental prices. Now working single professionals can’t afford to live independently.
Ireland is gone to the dogs, record homeless numbers which seemed to disappear during covid when many more homes opened up because nobody was travelling and renting them, and as soon as lockdown ended everyone is back on the street and even more people homeless.
@@craigpardy6204 was that due to rentals or government actions? Australia has a major housing crisis right now too, during covid we didn't, cause the government paid for hotel rooms for all homeless that wanted them, rather than anything relating to actual houses
@@mehere8038 mainly due to rentals, the government had put an eviction ban in place, but as soon as it ended everyone was tossed out again.
Same with hotels but not as significantly.
@@craigpardy6204 That happened in Australia too, a ban on evictions & also rent increases. Actually that's probably also a big factor in our situation now when I think about it, a year or more without rental increases, leading into them being able to justify larger than usual rental increases, due to inflation & extra time between increases all at once & that of course impacting a lot of people all at once, which in turn rolls the problem on, with those people then looking for housing & so other landlords being able to follow & easily find tenants, even at higher costs. We also had various builders go bust over the pandemic, there's a block of townhouses being built next door to me, started just before the pandemic, all sold "off the plan" I actually feel for those people, cause 3 years on, those townhouses are still basically just concrete slabs. Was nice to have peace from construction work during the pandemic, but imagine being those people & having already paid for their new homes, only to have the builders go bust & finally new ones found, but now more expensive to build, due to inflation & STILL forking out for rent while waiting & still in the rental market while waiting too, therefore putting more pressure on that rental market & pushing prices up for everyone.
Perfect storm really, isn't it
It's been a major problem in London, where renters are squeezed enough as it is. I bought a new build apartment this year, and it's in the lease, you can't rent it part of the apartment, and you can't rent the whole for less than 6 months.
so London government is actually addressing the issue? That's good to hear.
Thats good, but I imagine a lot of people are short term renting them under the table. It needs to be a crime punishable by prison, not a fine for doing so as it is in most places.
@themistoclesofathens4178
London is already over crowded as it is.
@@themistoclesofathens4178imagine thinking government intervention is what solves problems.
@@user-iu1ru1qz7u imagine thinking lawlessness is good
another thing is that hotels are usually in central locations close to other amenities restaurants and event venues. Air bnbs are sometimes all the way out in the suburbs so you have to commute everywhere instead of being within walking or a cheap uber ride distance
When they started charging an additional 100 to 200 for cleaning, that was the last time I stayed at a B&B of any type. All the B&B sites started using the pandemic as a way to make more money.
A condo complex just got built in my hometown and was IMMEDIATELY bought out by a corporate owner for short term rentals. Would have been nice to buy.
Get your local legislators to make that illegal.
@@lovetobe6118exactly
So you could do the same thing, yeah
@@lovetobe6118 You make this sound like it's such a simple solution and doesn't require years of work and change while people are actively going homeless right now, you are correct of course that we should be getting people into office that will make that illegal, but the people/companies who can afford to buy out entire condos/apartment complexes already have the advantage in terms of being able to afford to sponsor/campaign against these kinds of attempts to change the law.
I moved into a one-bedroom apartment in June. Fully furnished down to the kitchen ware, towels, and bedding. Two huge TVs in living room and bedroom with Internet. $1200/month. I think it was previously an AirBnB kinda thing. I feel pretty good that I was able to get it.
I'd be curious to know in what general region you're in and if municipal regulations -- e.g., banning AirBnBs -- was what made this improvement possible. Because everyone deserves a decent place to live that is affordable.
Our apartment in Cancun is like that. When we moved in, it was fully stocked like you'd expect an Airbnb to be. Silverware, plates, salt, pepper, olive oil, and bedding. All I know is the previous tenants were a couple from Argentina who had stayed one month there. We pay about $600 USD in rent per month for the place.
@@gameburn178supply increased during COVID while demand receded.
I stay in hotels/motels when I travel. It's so much better than staying in an Airbnb. The room is cleaned once a day, fresh towels, and they make the bed for you. Many hotels have valet parking which is nice as well.
I used to live in San Diego, I was on the campus of SDSU & petitioners were telling students to sign their petition to keep student living costs down, but it was really to stop the city from restricting short term rentals.
city of san diego did just that ... try to get licensed as ABnB in san diego now
@@lovecrypto6912good, it's insanely expensive one of the most expensive cities in the US to live in, it's also got a huge homeless problem due to people not being able to afford rent
@@RoboRoby321 Entire Ca coast is like that. Drove through Port Hueneme and SD 2 yrs ago and was shocked at what my old stomping grounds had become. Still expensive too,
I live by sdsu. The city is issuing permits left and right for people to build 4 bedroom adu's all over my street. They charge 2k PER ROOM!! The parking sucks ass now. That's my biggest complaint. Surprisingly the trash and noise aren't really an issue, because I go full Karen on these mf'rs . Some asshole broke a bottle in front of my house. I swept it up and threw the glass all over their doorstep while guests were outside. They haven't had a party since. Lol