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Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

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Re: Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

#101

Post by welldoneator »

yieldcrv wrote: post #95
welldoneator wrote: post #90

Earlier quoted context omitted.

...until something goes wrong and you're dealing with a situation at best more annoying and worst downright hostile (ask me how I know). Your only recourse if something goes wrong is a random host whose income is directly tied to not helping you. If you're dealing with an issue at a hotel, there's strict policies in place and at the very least the person on the other end gets paid regardless of whether or not you're…

there’s little accountability we already established that

Yes, and that your relationship with the host is fundamentally adversarial regardless of whether the interaction was benign or not.

Re: Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

#102

Post by archagon »

akhosravian wrote: post #65
shawabawa3 wrote: post #47

Earlier quoted context omitted.

Airbnbs also make sense in this scenario: - you get more space, a nicer room, for cheaper than an equivalent hotel Which I'm not sure about NYC specifically, but has generally been true everywhere in the world I've gone

Where are you staying? That has not been my experience with any Airbnb in the last 5 years. I’ve stayed in airbnbs in New York City, San Francisco, Berkeley and Corvallis. It costs as much as a hotel, often misleading about having a “whole house” (they also rent the basement), and having a list of check out chores in addition to a cleaning fee.

It’s been the case for me every time I’ve traveled to Europe in the past few years, including this year. I’ve routinely gotten great Airbnb rooms in major cities (including several capitals) with creative designs, central locations, plenty of space, and amenities (kitchen, washer, etc.), all for 25-50% cheaper than a hotel room lacking most of those traits.

Re: Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

#103

Post by hypeit »

JumpCrisscross wrote: post #100
hypeit wrote: post #94

Earlier quoted context omitted.

> Facts over fame. You said NY was not space constrained. It's a fact that it is space constrained. Maybe you could squeeze out a bit of density but it is most definitely space constrained.

[flagged]

You literally said "We are not space constrained."

You can move the goalposts all you want, but you're clearly incorrect.

Re: Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

#104

Post by JumpCrisscross »

hypeit wrote: post #103
JumpCrisscross wrote: post #100

Earlier quoted context omitted.

[flagged]

You literally said "We are not space constrained." You can move the goalposts all you want, but you're clearly incorrect.

[flagged]

Re: Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

#105

Post by bobthepanda »

toomuchtodo wrote: post #84
mastercheif wrote: post #48

Earlier quoted context omitted.

The problem is that it’s essentially illegal to build new hotels in NYC. This is because NYC’s hotel labor unions successfully lobbied to enact a law requiring city council approval to build new hotels in the city. Effectively damning any new developments to endless hand wringing and grandstanding from NIMBYs and other interests. Many new hotels in recent years were staffed with non-union labor, this was their way to…

If you damage the city's economy, would that not lead to a reduction in housing costs eventually? If you can't build your way out, destroy demand.

Tourism isn’t even particularly good at being an economic driver in a rich economy; nearly all the jobs it creates are low paid, because by definition you’re limited to people’s travel budgets.

Re: Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

#106

Post by shortcake27 »

hellomyguys wrote: post #71
WinstonSmith84 wrote: post #52

Earlier quoted context omitted.

You don't need to doubt, simply check booking.com: hotels are already more expensive. It's practically impossible to find anything half decent on Manhattan below 350USD/night. Before, AirBnbs (and hotels), there were many sort of half decent options around ~250. Meanwhile, office rental space are in trouble, such an irony. Also, while this may not apply to NYC, I will never ever book hotels on a long term basis but a…

A quick search show plenty of solid hotel choices under $350 during the week, in fact plenty of good choices around the $250 mark you mentioned.

Last time I visited NYC was 2015. Just checked my Airbnb history, $45 a night for a room in bed stuy.

$250 a night is insanity. I guess I should be thankful I visited NYC when I did, because it looks like I’ll never be able to afford to go back.

Re: Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

#107

Post by AnthonyMouse »

JamesBarney wrote: post #40
hypeit wrote: post #3

I seriously doubt hotels will get more expensive as they still have to compete with each other. I would say Airbnb has never had any influence on hotel pricing in NYC. That being said, I tried Airbnb in NY a few times and it was absolutely disgusting. In most places Airbnbs will be a bit dirtier than a hotel but in NY it wasn't even close. Rats, cockroaches, showers that don't drain, grime everywhere... After a few e…

Hotels will get more expensive, competition does not limit the effects of supply and demand. But rents will become less expensive.

These effects are not required to occur in equal amounts, however. 40,000 units is a much larger proportion of the short-term rental stock than of the total NYC area housing stock.

Re: Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

#108

Post by bobthepanda »

zactato wrote: post #79
l72 wrote: post #31

Earlier quoted context omitted.

I find AirBnBs only make sense in two scenarios: - You need a "long term" stay, like 3-6 weeks. When I travel over seas, I usually stay in a single city for at least 3 weeks. Having an AirBnB makes sense. I don't need daily cleaning and having a kitchen is great! - You need a full house for a family gathering. Neither of these compete with hotels. Granted, there were options for these types of stays before AirBnB (VR…

Most cities have Hotels in very specifically zoned neighborhoods. Sometimes these are in neighborhoods you actually want to be in sometimes not. AirBnBs allows you to stay in neighborhoods where people actually live. This is a huge difference for a lot of folks.

It is also why residents are angry. There is a reason short-term visitors are restricted to certain areas, they make terrible neighbors.

Re: Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

#109

Post by bobthepanda »

rrauenza wrote: post #45
blockwriter wrote: post #11

Earlier quoted context omitted.

I have the same negative perception of AirBnBs in New York. I think the city also encourages hustler types, or people that are plugged in with local polls, who get away with everything they can.

What does the expression 'plugged in with local polls' mean? Is that a New Yorkism?

Should be ‘pols’, short for politicians.

I think it comes from newspapers looking to shorten headlines.

Re: Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

#110

Post by kypro »

stephanerangaya wrote: post #58

"The measure is believed to have eliminated as many as 15,000 — or about 70% — of Airbnb's listings in New York City, Wired reported using data from housing advocacy group Inside Airbnb." I hope this means lower rent for New Yorkers, 15,000 apartments possibly going back to the rental market seems like something positive.

New York is never going to be affordable though. The whole concept of "low rent" in New York is an inherently stupid goal.

The reason rents are high in New York is primarily because it's tourist hotspot, but because people are serving a market. If you want rents to be cheaper in NYC then the fix here is really to make the city less desirable to tourists so people don't want to stay for the week. But then is it even New York?

In an ideal world New York could have low rents, be a tourist hot spot and be a place people can live and raise kids. In reality that's never going to happen, and politicians trying to "fix" the problems with New York is just a waste of resources and is going to come at the cost of people who invested in property in NYC to serve the actual demands of the city (yeah, I know f** landlords, etc).

The solution here, if anything, is transportation and remote working. Ideally people should be able to easily and affordably commute into cities like New York when needed, but they shouldn't feel they have to live there. But even this is probably too utopian. Not everyone is a software engineer with the luxury of remote working after all.

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