Is Airbnb a fad? Or may be it provides a value in remote under served areas only. For the most part if it worth setting up a hotel in the area, I found hotels are usually better both in terms of options and price. I also seem to be uncomfortable using another persons house and so walk and use stuff rather gingerly always worried about breaking their stuff or spoiling it. In a hotel I am somehow much freer. I don’t see the allure of Airbnb. I am only wondering how big or small the set of people like me is.
Airbnb’s loss nearly doubles in fourth quarter, before virus
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Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#152AirBnB failed. I don't even check it out anymore when I travel because a hotel typically costs about the same due to the fees charged by the hosts. I would choose a hotel over AirBnB until the price difference is 15-20% lower in favor of AirBnB because there are too many unknowns with AirBnB and the novelty has worn off entirely. Plus since so many listings are owned by some company or person renting out multiple loc…
At this point, I'm too afraid of using airbnb and having to check for cameras. At least in a hotel, the rooms are barren and easy to take a look around. Plus if one person finds a camera, the whole hotel's name is tainted.
Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#153Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#154Earlier quoted context omitted.
Why are you mad about buildings being used at over 85% occupancy on average?
Short term rentals to tourists isn't occupancy, it's occupation. Sorry for the hyperbole I just thought that was good wordplay. These rentals drive up rents for the people in the community and remove housing stock from the market, making it more expensive and less likely for people to purchase their home and build equity. Rent is non recoverable unlike a mortgage, even if you ultimately take a loss. Flooding the hous…
It only drives up rents if the dipshits in charge refuse to build housing in response to demand.
Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#155Earlier quoted context omitted.
Eh, I'm a bit of a centrist with respect to AirBnb. It should be taxed, but there are advantages. This guy bought right when AirBnb was first starting and long before any of the displacement concerns that started ravaging cities. It's fair to complain about the impact that AirBnb can have, but it's also a bit rich to call these mom and pop owners leachers.
Working hard for getting a mortgage paid off when most people can't even afford one home, is he? Who creates the value that makes people choose his location?
The level of salt in this comment is off the charts. Yes, somebody is able to get a mortgage and make money off their investment. Just because you are unable to do so doesn’t have anything to do with that.
Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#156Earlier quoted context omitted.
> He's bleeding money now Maybe he should work instead of leeching off his community.
Why so hostile? The community is not who is using this guy’s Airbnb units.
Toronto is starved for affordable rentals in no small part because of the number of owners who are using their properties as short-term rentals.
I've lived in my building for a decade and the police have only been called twice. In both instances it was because of an Airbnb party gone wrong.
Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#157AirBnB failed. I don't even check it out anymore when I travel because a hotel typically costs about the same due to the fees charged by the hosts. I would choose a hotel over AirBnB until the price difference is 15-20% lower in favor of AirBnB because there are too many unknowns with AirBnB and the novelty has worn off entirely. Plus since so many listings are owned by some company or person renting out multiple loc…
AirBnB didn't fail from my point of view. I travel exclusively with AirBnBs, even for work. Whenever we travel with friends, we use AirBnB as well. It pretty much completely replaced hotels for me.
I have to say though that I hate that they lie about the price/night.
Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#158Earlier quoted context omitted.
Shouldn't the increased tourism be a net win for the local economy though? I agree its unfortunate if airbnb units increase rents, even a small amount. Finding good data isn't all that easy, but this study [0] from last year suggests airbnb was responsible for about 20% of total rent increase amounts in the areas studied. But, ignoring other potentially beneficial effects is one sided - if tourism was always bad, peo…
There is no example of a place where the net impact of tourism is positive. Not in the era in which we live, certainly.
What?
Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#159Earlier quoted context omitted.
VRBO worked just fine before Airbnb was a thing.
I've never heard of it before this thread, so I guess they had a marketing problem. But I will definitely check it out next time I have reason to.
Site note - VRBO is owned by Expedia through its acquisition of HomeAway. Just last year Expedia consolidated it's homeaway/vrbo products into just VRBo and noticed the experience got significantly better (Booked twice though them for large groups in the last 6 months)
Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#160I have a friend who got into hosting AirBnbs pretty early. Bought a 4 unit place in a rough part of Toronto that was still pretty close to downtown and lived in one of the units while he AirBnbed out the other three. Occasionally he'd go on a trip and AirBnb out his own unit. It was enough money for him to cover his mortgage and not have to work if he watched his spending. He's bleeding money now and it started about…
> He's bleeding money now Maybe he should work instead of leeching off his community.
Airbnb is pretty great for the community, you usually get people who go out and spend in the city, instead of staying at home every night to cook.