Yeah, Airbnb's impact on housing is huge. With more properties being converted into short-term rentals, it's affecting housing availability and driving up prices.

@Andres_853

9 күн бұрын

Definitely. And now that Airbnb is rebounding post-pandemic, it could have further implications for the housing market.

@Tylerredn

9 күн бұрын

That's worrying for my investment portfolio. If the housing market becomes even more volatile due to Airbnb's resurgence, I might need to rethink my real estate investments.

@roseylumber

9 күн бұрын

Exactly. It's crucial to consider how these trends in the housing market will affect our portfolios. Maybe diversifying into other sectors could mitigate the risk.

@Annie2229

9 күн бұрын

You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.

@Larry1-pl2wq

9 күн бұрын

Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

Air Bnb makes no sense because a hotel is cheaper 90% of the time and you don’t have to pay a dumb ass cleaning fee.

@Mister_Mass

12 күн бұрын

Yes sure but not the most convenient.

@Philfluffer

12 күн бұрын

And yet... here we are!

@BankHead980

12 күн бұрын

Depends on how many people you are traveling with

@TheBooban

12 күн бұрын

Not in my European experience. I can’t even use common booking sites as fees are always hidden and sorting doesn’t work because they’ll always funnel you to what they want to show you.

@daylight3325

12 күн бұрын

Are you seriously that out of touch. A room with airbnb is 40 on average a hotel is 75. How is that cheaper?

It's not a first time someone created something with good intentions and ended up creating irreparable damage to society.

@michaelsd284

11 күн бұрын

Just like vaping

@Xazamas

11 күн бұрын

@@michaelsd284 Leaded gasoline, refrigeration gas that caused the hole in ozone layer.... both were invented by the same person. Out of all singular organisms, he has arguably had biggest impact on Earth's biosphere in its entire 3-4 billion-year history.

@mattmmilli8287

10 күн бұрын

social media

Airbnb has fallen out so much. I was an early user and would never use it now

@LogicallyAnswered

12 күн бұрын

Oh really why? Out of principle?

@IsThisThePrizeIveWaitedFor

12 күн бұрын

Same. They used to be cheaper than hotels but they aren’t anymore. So not only are they not cheaper, in a lot of places you have to do the dishes before you leave and take out the trash even though they charge you like $400 for cleaning. It’s absolutely ridiculous.

@wade2112

12 күн бұрын

​@IsThisThePrizeIveWaitedFor it feels like they followed the exact same route as doordash. Cheap to the point of unprofitability and now way too expensive to be economical

You either die a hero or live long enough to see yourself become the villain.

@freemason4979

12 күн бұрын

That's deep, man

@honor9lite1337

12 күн бұрын

That's requote ​@@freemason4979

@F3LLAROX

12 күн бұрын

The goal of capitalism is to be around long enough to be the villain

@0mikr0n

11 күн бұрын

When things in Minecraft get really bad, just remember that the boss - the Ender Dragon, of course - has a health bar.

Airbnb is the perfect loophole. It allows you to do business on residential property with minimal requirements. This has fundamental issues.

@LogicallyAnswered

12 күн бұрын

Truly a hack

@ForageGardener

12 күн бұрын

Um, it's no different than any other rental. Just more convenient

@mariusfacktor3597

12 күн бұрын

Regardless of AirBnB, people should be able to run businesses from their homes. They should be able to convert their house into a coffee shop or bakery if they want. The laws preventing this are arbitrary, hurt small businesses, and detract from the character of neighborhoods.

@millionmoes4290

12 күн бұрын

@@mariusfacktor3597 smart opinion

@Xazamas

11 күн бұрын

@@mariusfacktor3597 I have to mostly agree. Reminds me of how "urbanist" and "anti-car" people tend to be leftists and/or proponents of "big government." Well, Japan has some of the most "walkable" cities in the world. While you could point out differences in population density etc. guess what is the most glaring difference between USA and Japan? Compared to the former, the latter has almost no zoning regulations. Turns out parking space and roads are very unprofitable ways to use land within city limits, so those are minimized in an actual free market environment. Meanwhile "nearly one-third of downtown Salt Lake City is dedicated solely to car parking" -The Hill: Paved paradise: Maps show how much of US cities are parking lots (online article)

Part of the reason AirBnB has so much supply is because many people have spare bedrooms to rent out. Why? Because classist zoning laws has made it illegal to build a small home in much of the United States. You heard that right. Small houses are banned in most of the land in most cities in the US due to arbitrary rules made up by idealist bureaucrats in the 1950s. So people today are forced to buy a large house they can't afford and they make up for this by renting out bedrooms with short term rental services like AirBnB. These same zoning laws have restricted housing growth too. So instead of there being enough housing for home buyers, renters, and tourists, all these groups need to compete with each other for the small amount of available housing. Scrap the classist zoning laws and you're more than half way to fixing the housing crisis.

@SASMADBRUV7

10 күн бұрын

Zoning laws are some of the worst policy ideas out there. Australia fell for this and now they have big housing problems. One of the London mayoral candidates wanted to put zoning laws in London. Thank God she didn't get elected

@superhostreacts

2 күн бұрын

You are 1000% right. Airbnb is an easy target. I wish the creator of the video would look at the bigger picture and tell the entire story. Full disclosure, I operate an Airbnb on Oahu. Less than 1% of the housing stock are Airbnbs. About 9% are vacant 2nd homes.

Frustrates me endlessly since they have demolished home ownership and perpetuated real estate as an investment vehicle

@LogicallyAnswered

12 күн бұрын

😢 Ironically, that was the exact opposite of their initial goal.

@langhamp8912

12 күн бұрын

Homeowners weaponized government policies concerning home ownership in order to prevent houses from being built. That wasn't Abnb but homeowners making sure that their home was an investment...and an investment means keeping supply low and demand high.

@admiralkaede

12 күн бұрын

@@langhamp8912 yea and it sucks because people need houses

@F3LLAROX

12 күн бұрын

@@LogicallyAnswered maybe for the founders, but the real goal once invested is to blow up a return for the investors. screw the founders' vision :\ that's why i do no f with startup culture anymore at all

@Xazamas

11 күн бұрын

I recently saw a discussion about inheritance tax and had a terrible realization; unlike a "natural person", a real estate company will never die in a way that would trigger an inheritance tax. (Companies are "legal persons" which sounds stupid but that is just to make them an entity you can sue, there's a lot of dumb takes about this going around.)

Happy to say that I've NEVER used Airbnb.

@leonchen89

12 күн бұрын

I am host and it paid for all my housing costs.

@freemason4979

12 күн бұрын

Airbnb didnt f-up the housing market. Politicians, zoning laws, building codes and NIMBYs destroyd the housing supply

@connerwilliams668

12 күн бұрын

Me to

@zachbeall6810

12 күн бұрын

Your missing out.

@admiralkaede

12 күн бұрын

@@leonchen89 thanks for making sure other people cannot afford to have a house too oh well younger generation is gonna be stuck as permanent renters

I thought I would dislike AirBnB because it's weird to be in a residential house that's not mine. But then I became a neighbor to some AirBnBs...when you never know who the strangers are, why there's suddenly noisy sports cars around, if you should keep your pets indoors because you don't know the temperature of the new animals brought in, or my favorite, you never know if the big dude on the street corner in a white tank and underwear smoking a cigar in a quiet, mostly nice neighborhood (small homes, but the location has made it so people who have moved in in the last 15 years have to have a cushy job, so it's a clean area), is a red flag that you shouldn't take a walk shortly before dark. AirBnB ruins the neighborhood.

The solution, as odd as it may sound at first, is a declaration from the US government that there will be no bailouts to anyone anywhere anytime to any extent for any reason.

@khizarkhan7305

12 күн бұрын

it will never happen

The airBnB situation is indicative of the social divide in all western capitalist countries. Owners are getting more for their rentals, tourists get better prices(or so they think) ,and countries get more tourists(but no taxes). So they screw the locals and create a bubble inside every city. They also use public infrastructure and put extra weight on resources(water),but they don't contribute to the country's budget,since all profits are moved to tax heavens. The question for each homeowner I this: do you sacrifice the common good for your own profits? Do you care abt the society you live in? The answer is no,they don't care bcs they don't live in the same cities.they live I some remote luxury villa,since most are not just owning 1 or 2 properties,rather like whole blocks of flats and houses.... So the only real solution is to ban short rentals until the state creates enough affordable housing and social housing. The property owners can either rent at logical rates,or sell. After all you don't need 35 houses for your family.

I work with a bunch of airbb owners on they're homes. Like being a hotel manager with none of the skills, training or experience required to be a hotel manager. Rental companies are the route it should be. It would be nice if airbb went out of business and I'm not even starting on the obvious evil they do..

@LogicallyAnswered

12 күн бұрын

Oof savage take haha

@xynyde0

11 күн бұрын

what evils are you talking about?

@aaronlimitless

10 күн бұрын

Oh yeah, here we go the fake person trying to pretend they have anything to do with the conversation. Your livelihood depends on a large portion of the said owners supposedly that you work with and for that pay a significant portion of your income, but yeah, it’s only the negative that you notice and you wanted to go away yeah I call 🧢

@superhostreacts

2 күн бұрын

Wow. I pity your customers who are Airbnb hosts who don’t know how you feel about them or their business.

airbnb is more expensive than a hotel room now. Waste of time checking that site anymore.

Hiring out an empty room made a lot of sense, but when you rent out a whole home or apartment is moved into a different, negative, zone.

@Xazamas

11 күн бұрын

AirBnB has allegedly destroyed the entire historical city centre of Prague. Apartments have converted into AirBnB, business spaces into tourist traps.

How can you say this given that there was no impact on rents when NYC banned AirBnB? For years we heard that rents were high because of all the AirBnBs, and I believed it because I had one in my small building, yet when they banned it there was no impact on rents--in fact that exact unit that was an AirBnB was rented for far more than it was before. When I pull up a graph of average rents week by week I can't see even a hint of and impact when this policy went into effect.

@victormendes956

12 күн бұрын

Once the price is up, it rarely goes down. I believe that the logic behind banning Airbnb is to hope rent prices don't keep rising as much as if it wasn't banned. The real solution would be to put a limit in corporate ownership of family residences, but that's a tough legislative action to pass, especially when politics are dominated either by richer conservative boomers or big investment groups, including real state. They'll only see the big mistake that's being done when demographics start suffering even more since no one can build a family and have children since everything is unaffordable, including housing. That's my only consolation for the future if nothing is done about this; the price is coming and it will be felt by everyone, including all governments and the richest; less people to consume if the consumer base stagnates or decreases as the world runs out of human beings, less tax payers, less workers for the luxury of the few richest, provided that robotics and automation doesn't replace every conceivable work, but even then, robots aren't consumers or tax payers, so the way ponts to a capitalist collapse.

@trapfethen

12 күн бұрын

Your hypothesis would only be expected if Airbnb was THE thing the made housing stock limited. It is not. It has CONTRIBUTED to the increase in rents, but it was not the fundamental CAUSE. What you would expect to see, and what was observed, was a reduction in the rate of increase. Rents stopped raising as fast by a little bit (approx. 0.030%). That small of a change is imperceptible on a small timescale. It takes a decade or more for the difference to become pronounced. The fundamental issue is the limited housing supply. We are not building housing in large enough number, and for cheap enough bill of materials, to outpace or even keep up with demand for housing. This crisis will require either an overhaul of how we incentivize builders / developers so that they get a move on with building more places, or a dramatic shift in our relationship with housing such that demand plummets (large-scale acceptance of multi-generational housing). The issue is that for over a decade (really since 2008), various forces have aligned to push house prices up. Some of these forces are a direct result of corporate actions (such as Airbnb contributing to the rise in home values and rent increases). Some of them were a indirect result of the housing crash (a lot of builders went out of business and were saddled with so much debt that they could not start up again once the economy started recovering. We bailed out the banks, but left the builders to rot). Some of them are the result of increasing commodification of every facet of American life.

@slc.images

12 күн бұрын

@@trapfethen damn. a reasonable person. I'm so tired of simple minded people only being able to blame one part of a much larger problem.

@reidwallace4258

12 күн бұрын

Because the landlords that bought those properties and removed the tenants can still rent them out at higher prices, because those tenants have flooded the market, driving up prices... And since nobody is going to list their house below market price, when renting property is quick and reliable due to a shortage, prices will largely stay where they are. Same thing happens when taxes are slashed on consumer goods, be it groceries or gas, most of that reduction in price goes straight into the company's pockets, because they know you were willing to pay that price before and their share holders aint gonna be happy if they pass those tax cuts on to the people that voted for em.

@daphne8406

12 күн бұрын

Prices rarely go down once they go up 🤷‍♀️ Because they found out that they can actually ask this much and people will still pay it somehow, even non-airbnb renters 😑

airbnb was sooo good back in the day, much cheaper than hotels, amazing places. Now its much more expensive with fees and other costs.

the title animations are getting better and better

We need government regulations for stuff like Airbnb. Short term renting destroyed the housing market for ordinary people like me.

@superhostreacts

2 күн бұрын

Do your homework. There are regulations and even bans in many places. There are no regulations preventing institutional investors like Blackrock from purchasing homes for long term rentals. Odds are much higher that is who is pricing out “ordinary” people.

Dude it’s been awesome to watch these videos get better and better and see you become more comfortable on camera and the setups improve. Loved this vid and the Zillow one!

interesting story! thanks for sharing this top notch content

I always use Airbnb when I travel. Havent used a Hotel since 2015

damn near 300 houses in my local 50mile area are short term bnb rentals. and a housing crisis. big shocker

They have the worst customer service. We had issues with a dodgy landlord who cancelled our reservation last minute after we'd already made plans and bought tickets to travel to a remote location with limited housing supply. It took 3 days to get a refund and they did not provide any compensation for the incredible amount of stress. Needless to say, I'll never use them again.

@ras7646

11 күн бұрын

That's one way to look at it, but consider the sheer volume of complains they get and also filtering for fraudulent compensation claims, 3 days isn't bad considering the wait time for compensation for other services. Their level may not be great but they don't suck and they try unlike Paypal and other services

Great video as always

I remember using ABNB ~7 years ago and could find cheaper than hotel rentals all over the place. Now it's similar if not more expensive AND comes with more rules AND you have to clean while also being charged a cleaning fee. Thanks for making housing even more unaffordable for my generation.

@slc.images

12 күн бұрын

A drop in the bucket of MANY other issues that are causing affordable housing. The way I see it, it was the already rich that ruined airbnb for the rest of us and turned it into the 1-5k unit portfolios that it is today. Inherently there is nothing wrong with a property owner renting a room, guesthouse, cottage, or adjacent property. It's everything else that followed. I wish state govs had the ability to regulate it immediately rather than over correct and start banning it entirely when they finally caught up.

Great video.

In my situation, Airbnb is the only solution that makes sense and it is the most convenient. I currently am working a rotational job where I need to go to a different state every 8 months and nobody wants to entertain a lease for less than a year (and if they do, it's substantially more expensive). Airbnb gets me a whole house, dont have to worry about paying for any extra bills, and get to make new friends as I do my rotations. I honestly don't know how I'd afford to live by myself without Airbnb

Great vid as always. could u make a vid about Y Combinator, I find it odd that there isn't that much vid talking about them

if you are staying a week, or have a lot of guests then AirBnb or VRBO makes a lot of sense. The 1x cleaning fees gets spread over a longer stay. Not to mention that hotels tend to have parking fees and other fees that AitBnB doesnt have. Also with a hotel you have no guarantee where your room is in the hotel. Having options is a good thing. And .026% increase per percentage point is laughably small.

*Fantastic video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??*

@DonaldJack244

11 күн бұрын

Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong. .

@Nancysam588

11 күн бұрын

Well...l will advise you should stop trading on your own if you keep losing and start trading with an expert because trading with an expert is the best strategy for newbie..

@Samricardo199

11 күн бұрын

​I think l'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs Janet.. High recommended

@EricAdam-no5we

11 күн бұрын

​Wow, I'm surprised to see Janet mentioned here as well. I didn't know she had been kind to so many people

@AlexandraStella-ir3dr

11 күн бұрын

​Mrs Janet successful stories are everywhere, all over the place.

Airbnb did not mess up the housing market. NIMBY zoning laws, endless immigration , foreign buyers (especially in the Canadian market), and megacorps buying up houses did. Almost every Airbnb is a mom-and-pop operation. The company itself is inconsequential to the issue.

@LogicallyAnswered

12 күн бұрын

Hmmm

@TheBooban

12 күн бұрын

I think so too. It just helps little guys able to make some side cash. If I want to rent out my room, why not? I can without Airbnb, why can’t I with it? The reasons OP said is the real issue.

@me-myself-i787

12 күн бұрын

​@@TheBoobanActually, in most cities, you can't without it, either. It's illegal for anyone except licenced hotels to rent out a property short-term.

@erutne

12 күн бұрын

crazy take

@TheBooban

12 күн бұрын

@@me-myself-i787yes. It’s illegal for me too. But you can still do it. Nobody else need to know. And people do do it. Airbnb just made it easier. I liken it to Uber. Uber is supposed to be illegal! What are those taxi medallions for in NYC for example?!

What youngsters call the "airbnb effect" is actually what old school folks call "inflation"

That is actually quite impressive. In what everyone calls a tough economy, that is super impressive.

The solution is exponentially increasing real estate taxes for every extra residence a non-governmental/for-profit organisation or person owns. This'll put a cap on how many properties investors can make a profit on, leading to a cap on how many properties they'll buy

Airbnb makes sense only when traveling with family or a group of friends eventually with pets.

@QweRty-ep9be

11 күн бұрын

@@peterparker2068 yeah makes sense

I never use Airbnb out of principle because at this point it is just very unethical to use them 🤷‍♀️ I guess the benefit of Airbnb over hotels still is that Airbnb offers rooming in one place for larger groups and always offers cooking facilities. But otherwise hotels are more comfortable, offer better services for (at this point) roughly the same price.

@superhostreacts

2 күн бұрын

Is is more ethical to pay a multi-national hotel group who has no local interest other than paying (mostly lower wage) employees-or- paying a local small business owner who lives and works in the same community?

Real hidden culprit of housing crisis in companies like Blackrock, keeping rental prices high. If I have a property with a rentanble unit, I would never rent it to anyone. I would rather rent it short-term. I am one of those people that like regulation. Housing disputes are not well regulated, in Canada. Until long term rental is not resolved, I will not put unit for long term rent. This is past 4 years, that I am holding off. I rented it short term 3 times but not via Airbnb. In the US if you don't pay, you are out within 7 days to a month, unlike Toronto market where you can be in a unit for a free.

@AsylumLunatic-ig5jh

12 күн бұрын

My niece lives now in there for free.

It will unwind during some income or travel related risk event. Everyone is in leveraged positions and everyone’s leveraged positions are dependent on the same thing to remain paying the financing on the positions. It’s speculation just a different flavor of it.

@reidwallace4258

12 күн бұрын

I think that is overly optimistic. Sadly, there are two forces at play here that are feeding off eachother and both fucking the rent payers of the world. Sure, airBNBs are largely leveraged to the tits, and that should be a significant risk... But, the huge influx of airbnbs also managed to skyrocket rents, and they show no sign of slowing down. I fear it will be easier and more profitable for the airBNBers of the world to continue to hold that property in case of a downturn, rent it out on shitty six month or one year leases to the desperate masses willing to pay whatever they have to to fucking live, and then evict them when the shit blows over and go right back to it... And since most of the new housing supply will be over built fully furnished airbnbs, they aint really going to lower rents, or even slow their rise. I mean, given we just watched that fucking happen during the greatest travel disruption since the 40s.. seems fairly likely don't it?

@TQFMTradingStrategies

12 күн бұрын

@@reidwallace4258 it’s easy for price to discourage you. In fact that’s the method of its action. The limiting factor is that rents are kept up by part of the rental supply being diverted to vacation spending, which is itself a symptom of overcapitalization. When the thing that happens that will reduce widespread vacation/leisure spending, happens, they (air bnd land lords) will in desperation try and rent the property traditionally. But probably everyone all at the same time. Everyone who must rent is already renting or homeless. You couldn’t say find an extra 30% rental demand in 30 days or less if you really needed to. Maybe 3-5% either way over a year. The number of people who are alive and need shelter moves slowly the amount of fake numbers we assign to a structure to make decisions about its use, can change very fast.

@TQFMTradingStrategies

12 күн бұрын

@@reidwallace4258 between you and me if we didn’t print enough money to purchase the state of California 1.5 times over and pass it out while shutting down production our ratio of dollars in circulation to goods we produced to buy with those dollars wouldn’t be so messed up…..

I was in hawaii when the fires took place. I could not get to my airbnb because of road closure. No help from airbnb. They called the host to get me a refund, and the host did not respond. Therefore, I never got any refund. Done with airbnb Hotel from now on. Airbnb just collects your money, and everything is up to the host.

Airbnb isn't really a problem The more houses are there for renting, the lower the rent will be Housing prices are messed up because of one or two of these reasons: 1. Lack of construction because it is too difficult (the US and the EU) 2. Speculation (only applies to Asian markets like India and China)

@stuffbenlikes

12 күн бұрын

Yeah, but what about retirees that, instead of selling their big house and downsizing, rent out their big house and buy a small one. Where does that leave the 25 year old newlywed couple? Priced out of the small house, and the big house isn't even on the market.

@katrinabryce

12 күн бұрын

But, on the other side, increase demand and prices will go up. AirBNB is increasing demand for residential properties by opening them up to a whole new market.

@user-kh8mv2be8t

12 күн бұрын

@@stuffbenlikes How many people is that really though? NYC banned AirBnB completely and this made absolutely zero impact whatsoever, almost a year later rents have never been higher. Looking at a graph you cannot see even the slightest hint of an impact on average rents.

@Mlogan11

12 күн бұрын

@@katrinabryce 100% correct. Airbnb made it simple and easy for anyone to be a virtual landlord opening the door for domestic and foreign investors to scoop up properties and seek to maximize rents. Housing has been converted to a commodity. There are been housing boom and busts throughout history but rental prices have never skyrocketed with housing prices like they are now- and it's a global phenomenon. Sure it's not just Airbnb, but it's part of the whole housing being flooded with investors that is the problem.

@katrinabryce

12 күн бұрын

@@user-kh8mv2be8t I searched on AirBNB for places to stay in NYC next week, and found plenty of options, so it looks like the ban isn't working at the moment.

Is this only likely a short term issue, since the solution would be for entrepreneurs be to build more houses to accommodate match the rising demand? If airbnb is removed, there will be similar apps to replace its void.

not showing end price when searching for places, they're like the Ryanair of the online rental business, avoid at all cost imo

Don't forget the tons of people getting into debt just to buy property to rent on Airbnb

@reidwallace4258

12 күн бұрын

Don't forget that the fact they are in debt to buy it means they are far, far less likely to sell it out cheap even if an area later bans airBNB, and just that much more likely to sit on it empty until they can sell it for a profit.

@ImBananas4

12 күн бұрын

@@reidwallace4258 They are buying for quick profit they will leave faster if they can't earn money, and prob sell higher than they bought

I got an airbnb ad after this vid ended :)

Hi, I truly appreciate your content. Do you think you could make an episode dedicated to: AirBnB vs TimeShare from an investment POV? I’m curious to learn if either or neither are viable options. Thank you

@LogicallyAnswered

12 күн бұрын

Thanks for the suggestion Arya! Honestly, not too sure how that topic would perform on the channel, but will definitely think about it.

@arya_jahan98

12 күн бұрын

@@LogicallyAnswered I appreciate the thought / consideration.

@superhostreacts

2 күн бұрын

@@LogicallyAnswered now there is logic! You do videos like this because they get clicks! Truth and actual service to others? Harder to say. Honestly who benefits from content like this (trashing Airbnb and making them out to be the sole villain of the housing crisis)? You do. How about others? Don’t me wrong… Airbnb isn’t innocent or blameless but you really need to tell the whole story (not just the part that gets you clicks and comments). You seem like a decent guy and I’m all for you growing your channel… good on you! Just want to see.you serve your community by telling the whole story (not just part of it). At the very least, my comments should help you on the algorithm ;)

I will never use airbnb. The hotel and house price is the same. If the hotel would give service free like wifi and park and many other thing

I ve always wondered, what make some companies, tech companies? using technology? examples, Netflix, Spotify, Airbnb, uber.

@LogicallyAnswered

12 күн бұрын

Ability to scale at unprecedented speeds

@uclassc

12 күн бұрын

Where they’re listed on exchange and if they’re backed by venture capitalists

For solo or couple travelers it's much cheaper and more convenient to book hotel rooms.

@02nupe

4 күн бұрын

but for group travelers, you get more options with air bnb.

This is a clear example of why we need more regulation. The 'invisible hand' of the market turned what would be a good, symbiotic - well, perhaps not so symbiotic but definitely better than what it is now - and malformed it into a community destroyer.

WE BECOMING HOMELESS WITH THIS ONE 🔥 🔥

Rents going up should have been foreseen by a good business analyst. People living in vacations areas always had an easier time with short term rentals. Air B&B gave that flexibility and idea to many people living in tourist areas. Why rent for a month when you can get much more renting weekly? That took more monthly rentals off the market and inspired people/corps/foreign investors to buy homes and rent them out, driving up home and and rent prices. Solution to spiraling housing price hikes is to pass laws limiting ownership in investment property for short term rental use, which is what many cities are now doing. Eventually the housing market will experience a true crash and there will be a mad scramble to start dumping properties that they are no longer able to rent out.

It's the old case of "outside investors' agenda". When you take outside investors'money, you can no longer do what you thought before starting the company.

So here we have yet another instance of something getting ruined by becoming popular.

The government needs to limit the tax write-offs that are available for investment properties. That is the main issue. People who have money can buy a home, rent it short term for exorbitant rates and pay their mortgage and bills. They pay zero taxes on it because they can write damn near every expense off and they gain equity in the house while making it harder and harder for first time buyers to even get in the door. Single family homes should not be an investment vehicle to derive profit off of. In my home town there are 17,000 home units and over 7,000 of them are short term rental / Airbnb. It’s completely out of hand.

oh KZread deciding to show me an AorBnB ad in this video 😅😂

Why do people keep spending money on companies whose products are so terrible?

ive been watching you for a long time and have realised thatt u like every comment c'mon u know what to do

@LogicallyAnswered

12 күн бұрын

Try to interact with as many of the early comments as possible :)

Landlords turning rental properties into airBNBs is why it’s so hard to find an affordable place to rent now. Also why it’s hard to buy because you go up against property investors who out bid you

Why isn’t there more competition to AirBnB? Barriers to entry are not high, provided you have a few software entrepreneurs. There’s no major capital equipment required. Someone should come along and do the job better than AirBnb.

Listen to yourself not make sense. 8:95 More competition pushed up prices? This doesn’t make sense. Competition makes things cheaper! You know what it made cheaper? The impossibly expensive vacation. It basically unlocked an entirely new market.

@katrinabryce

12 күн бұрын

Competition on the supply side lowers prices, competition on the demand side increases them. AirBNB increases competition on the demand side for residential properties.

@TheBooban

12 күн бұрын

@@katrinabryceyes ok. The demand side was unlocked. But the problem is lack of competition for building new houses.

@LogicallyAnswered

12 күн бұрын

Lack of new development is definitely a huge issue

@admiralkaede

12 күн бұрын

@@TheBooban sadly groups that work with landlords lobby hard with local governments to make it as hard as possible for new houses to be built because well if people cant get houses then they gotta rent they dont care about those people at all

@TheBooban

12 күн бұрын

@@admiralkaede can be. whichever reason the problem remains, too few houses for too many people. This would happen with or without Airbnb.

The only one who sees lower prices on hotels as compared with airbnb's is probably a hotelier, don't try to shape reality around your interests, you'll end up having people laugh at you.

For the same price if you are getting same number of rooms, go for a hotel

Airbnb is too expensive now and don't use it anymore.

and of course... I got an Airbnb ad before this... ☠️

@LogicallyAnswered

12 күн бұрын

😂

"air BNB increased rents". Hope he gets sued for this nonsense.

I'm glad i will never have to use Air BnB, i have my own apartment (permenant) and never have to sleep with one eye open

Airbnb is an easy target (and videos like this get clicks) but the larger issue is zoning laws and restrictions. I wish @logicallyanswered would look at the bigger picture and tell the entire story using facts instead of hyperbole. Full disclosure, I operate an Airbnb on Oahu. Less than 1% of the housing stock are Airbnbs. About 9% are vacant 2nd homes. State the facts in Austin… don’t just say there are a lot of Airbnbs.

Air B&B is complete garbage and in no way worth the cost for the renter and the homeowner. The rules are so ridiculous can you imagine letting a company tell you what you can and can’t do with your own property. 😂

I liked this channel before I saw the guys face

I'm back 😂❤

@LogicallyAnswered

12 күн бұрын

Thanks for being here Ramsey!

Wait, you mean the problem is greedy assholes? Maybe... we should regulate hotels? Oh wait.

We will never own a house

I had to search what Airbnb is 😂

@LogicallyAnswered

12 күн бұрын

What???

@zaidlacksalastname4905

12 күн бұрын

It's not in every country​@@LogicallyAnswered

@Papasot

12 күн бұрын

@@LogicallyAnswered we don’t have those in Greece. Many hotels are cheap (about 25 to 60€) so we don’t need to stay at someone’s home. Also we don’t really use the internet to rent or book, we usually take a small walk or talk with locals to find good deals.

Governments should ban Airbnb

Dang Im early to a video for once

@LogicallyAnswered

12 күн бұрын

Thanks for being early Gem!

This is a the problem with a country with unfethered capitalism. When gov tries to regulate, them gullible people try to say "gov is controlling and all shit" thus going back to the cycle and same shit as always.

Glad they dropped the Bed&Breakfast for just B&B. It's cleaner.

@LogicallyAnswered

12 күн бұрын

For sure

Air bmb did not screw up the housing market. Mortgage backed securities did. Youre trying to pawn off responsibilty where it doesnt exist. Nice propaganda i wonder how much the special interest group paid you

The fact that soooo many people dont understand how terrible it is that regular people compete against landlords/investors in the housing market is astonishing.

Airbnb did nothing wrong, again its a tool for the wrong greedy people to use. As everything else that has ever existed that performed it's job well

Lazy reporting. Airbnbs barely move the needle in rental or housing costs. The only place they really have a presence is in highly touristy areas right in the center of a city's activities. Great anecdote about your parents, but unfortunately they're in a city parts of which may be affected by Airbnb while most parts will not. Have you researched what happens to rents in cities where Airbnbs are banned? I have. Nothing. Except suddenly housing activists need to find a new scapegoat. Or do a biased survey and cherry-pick some numbers to show that they "won."

@katrinabryce

12 күн бұрын

I don't think any city has had a ban in place for long enough yet to be able to get any data on that.

@superhostreacts

2 күн бұрын

@@katrinabryce there is data out there if you’re looking for it. The city of Anaheim passed a ban more than 6 years ago. There are other localities as well. The creator just doesn’t want to tell the entire story with facts. Don’t get me wrong, Airbnb isn’t innocent but there’s much more to the story.

@katrinabryce

Күн бұрын

@@superhostreacts I searched AirBNB for places in Anaheim, and I found stuff. Not quite as much as just outside the city limits, but clearly there are people flouting the ban. And also the city limits are quite a small part of the Los Angeles urban area, so this is just one small part of it, and while the ban is a good start, it isn't enough to be really effective.

@superhostreacts

Күн бұрын

@@katrinabryce you’re getting closer. There was a small group grandfathered in years ago that can still offer short term rentals. I think that it was a few hundred units total (far less than a fraction of a single percent of the housing stock in the area). If you do a bit more research you’ll find that the ban has been in place for more than enough time to consider the impact of (nearly) no Airbnbs in the area (again much less than a fraction of a percent of the total housing units). All of the history and background is on the city’s website (don’t take my word for it). The Anaheim ban is strictly enforced (I can explain how the enforcement works if you’re interested… someone might fly under the radar for the first month max but not beyond that…and the fines are steep). If you are truly interested in the facts, I can give you other markets with similar bans that have been in place for 5+ years. Kudos to you for looking into it and taking a more fact based approach. As you dig into the details further, I think that you’ll find that Anaheim is a good candidate to look at post ban impact on housing. To be clear, Airbnb is far from perfect and not blameless when it comes to housing shortages. I’m also not saying that Airbnb shouldn’t be regulated or that hosts shouldn’t be held to account - they should. That said, the factual data that I look at suggests that, in most markets, Airbnb is a relatively small part of the problem. The largest part of the issue is zoning laws and restrictive covenants that limit the size and type of homes (and density) that you can build in communities where people want to live. And there are other issues like large institutional investors buying homes for long term rentals. Municipalities who are looking at data are coming to the same conclusions and are expanding zoning to allow for ADUs and higher density housing. My concern with this video is that it leads one to believe that if you just ban Airbnb, the housing problem goes away (or improves dramatically). If there is data to support this claim, I’m open to it. The actual data I’ve looked at shows that the problem isn’t one thing (and, in most cases / markets, Airbnb is a very small part of the issue). Happy to be proven wrong with data (and again kudos to you for looking at facts).

cool

@LogicallyAnswered

12 күн бұрын

Thanks for watching Mark!

So if Airbnb increases house prices by 40%, then it follows that removing airbnb would cause house prices to fall by 30% roughly the same as the 2008 crash.

Tax non primary residential property. Land tax is the most fair tax according Herny George

It screwed hotel prices too

Heyy

@LogicallyAnswered

12 күн бұрын

Hey Choqao!

Thanks housing rental market for making my home price skyrocket.🎉 Hidden economic benefit: homeowners have more collateral to borrow to buy big ticket items which helps the economy.

@Logically Answered : Airbnb didnt f-up the housing market. Politicians, zoning laws, building codes and NIMBYs destroyd the housing supply

@superhostreacts

2 күн бұрын

Well said!!!!

Wait for another year, Abnb will crash. They became too greedy and started charging too much. The Abnb houses does not provide value anymore. It’s costs 4 times as that of a hotel chain. Not worth it

Comments filled with drivel from clowns with zero experience on this matter

Airbnb be like: Cool place for 150/night Cleaning fees: +900 But you still need to clean the whole house and pick up their groceries

"screwing up the housing market" is a dumb way to put it.

Capitalism done right or wrong?

@LogicallyAnswered

12 күн бұрын

Yes

Second

@LogicallyAnswered

12 күн бұрын

Thanks for being early Barrett!

We're gonna end up with Socialism;Cuz of this video,I'm beginning to see the appeal.It's not normal or moral to have SO many homeless in s society.

So many neighborhoods/communities ruined by Airbnb.