I can’t afford a house in my hometown in part because cunts buy houses to be airbnbs. Fuck them. I will always book a hotel unless there’s literally no other option. I don’t want to give my money to grifters who are ruining the housing market. I also ratted my mom’s neighbor out to the city for running one out of his house. He timed the market and bought after '08 when he was working for a small social network startup. Now he doesn’t even live in that house anymore and instead of selling, uses it as an airbnb. He is an exec at what is now a very large social media company. He absolutely does not need the money, but keeps the house as an asset and rents it on airbnb. I didn’t win the birth year lottery and get a chance to buy the dip. Instead I came of age with an all time high housing market that has only gone up. Then rates went up because fuck u specifically Raiderkev. Fuck air BNB. Report every last one to the city. They are likely in violation of some ordinance. People need to vote with their wallets and drive these grifters to sell and not let it be profitable for them.
So there’s this company that’s been buying up about 30% of houses in many cities to turn them into rentals. They outbid everyone. That’s a bigger issue than the few air bnb.
I lived in one of ‘those homes’ once… All 5 bedrooms and the garage which I stayed in was at least 1000 a month. And it was bare minimum amenities. One refrigerator shared with everyone, stove top was broken the entire time, one restroom and shower, and half of the folks had no idea how to clean dishes.
This is a myth. Airbnb has too few properties listed to actually have any impact on property prices. The shortage is real, but it’s not of their making.
Want lower prices? Build more houses. Somehow, this simple solution is being rejected in favour of blaming scapegoats.
Edit: The best cherrypicked statistic somebody could show was that Airbnb drives prices up by $1800 / year. Setting aside the accuracy of it, if that’s breaking the bank, you probably shouldn’t be buying a house anyway.
I guess you heard that from a friend? Maybe try to question things more and do your own research. There’s tons of verifiable information out there and it’s easy to access.
Based on the median growth in Airbnb listings nationally, the short-term rentals contributed to an annual increase of $9 in monthly rent and $1,800 in home prices for median zip code, the study’s authors found.
Does that really seem like a lot in context of buying a house? It certainly doesn’t look like it to me. Also, lay off the ad hominem attacks
$9 x 12 = $108 increase per year. Also, you chose that sentence probably because it was the lower one despite the first paragraph being:
Short-term rentals via apps such as Airbnb contribute to housing shortages and rent increases, according to research published last week by Felix Mindl and Dr. Oliver Arentz, researchers at University of Cologne in Germany. They attributed 14.2% of overall rent increases to short-term rentals or 320 euros ($385) per year for new tenants.
It’s an ANNUAL increase of $9, not a monthly increase. That aside, my original point was about property prices, not rentals. I picked that line because it’s the first line I found discussing sale price. I made no claims about rental prices and still don’t.
I can’t afford a house in my hometown in part because cunts buy houses to be airbnbs. Fuck them. I will always book a hotel unless there’s literally no other option. I don’t want to give my money to grifters who are ruining the housing market. I also ratted my mom’s neighbor out to the city for running one out of his house. He timed the market and bought after '08 when he was working for a small social network startup. Now he doesn’t even live in that house anymore and instead of selling, uses it as an airbnb. He is an exec at what is now a very large social media company. He absolutely does not need the money, but keeps the house as an asset and rents it on airbnb. I didn’t win the birth year lottery and get a chance to buy the dip. Instead I came of age with an all time high housing market that has only gone up. Then rates went up because fuck u specifically Raiderkev. Fuck air BNB. Report every last one to the city. They are likely in violation of some ordinance. People need to vote with their wallets and drive these grifters to sell and not let it be profitable for them.
So there’s this company that’s been buying up about 30% of houses in many cities to turn them into rentals. They outbid everyone. That’s a bigger issue than the few air bnb.
I lived in one of ‘those homes’ once… All 5 bedrooms and the garage which I stayed in was at least 1000 a month. And it was bare minimum amenities. One refrigerator shared with everyone, stove top was broken the entire time, one restroom and shower, and half of the folks had no idea how to clean dishes.
This is a myth. Airbnb has too few properties listed to actually have any impact on property prices. The shortage is real, but it’s not of their making.
Want lower prices? Build more houses. Somehow, this simple solution is being rejected in favour of blaming scapegoats.
Edit: The best cherrypicked statistic somebody could show was that Airbnb drives prices up by $1800 / year. Setting aside the accuracy of it, if that’s breaking the bank, you probably shouldn’t be buying a house anyway.
I guess you heard that from a friend? Maybe try to question things more and do your own research. There’s tons of verifiable information out there and it’s easy to access.
https://www.marketwatch.com/story/does-airbnb-really-make-housing-more-expensive-these-researchers-say-they-found-an-answer-11612284049
Does that really seem like a lot in context of buying a house? It certainly doesn’t look like it to me. Also, lay off the ad hominem attacks
$9 x 12 = $108 increase per year. Also, you chose that sentence probably because it was the lower one despite the first paragraph being:
It’s an ANNUAL increase of $9, not a monthly increase. That aside, my original point was about property prices, not rentals. I picked that line because it’s the first line I found discussing sale price. I made no claims about rental prices and still don’t.
the ban has made not one iota of impact in Honolulu.