How about we ban companies like Blackstone from buying up all the auction homes, lightly flipping them and then putting them back on the market as overpriced rentals?
Good. Sorry to every mom and pop who treated housing like an investment, but at least you still have the house. Hope they slash the market 90%. Hope everyone who's been waiting for a decade gets a place to live. Hope opportunistic landlords choke and go bust when they can't pay three mortgages on their tenants' salaries anymore. Housing is a human right.
It's definitely not going to slash it 90% to do that you'd have to make moves to guarantee houses are always losing value, much in the same way cars do, so that you have a thriving used house market for people that can't afford, or don't care, to buy new.
That means either implementing the construction of houses with materials that have a short life, or forcing houses to be torn down after, let's say 50 years.
I'd prefer just getting rid of ownership of property, but i dont know if we are ready for that as a society.
I priced out an air bnb versus one of the nicer extended stay places. The ones that are larger and nicer than the apartments I have lived in.
Guess what came in at 1/3 less cost, had maid service, and a free breakfast.
I am all for banning Air BNB flat out unless the owner is living in the building. I am okay with a person buying a house and then renting out rooms or converting a basement to an apartment to lend out. It doesn't remove available housing inventory from market to sit empty most of the year.
I am all for banning Air BNB flat out unless the owner is living in the building. I am okay with a person buying a house and then renting out rooms or converting a basement to an apartment to lend out. It doesn’t remove available housing inventory from market to sit empty most of the year.
That’s where I stand. Also helps a young person afford a home by renting a room.
I’ve been watching the Oregon coast. I’ve seen a lot of air bnb for sale. Seems like the market is dropping on them.
Everyone who says "ban them" seems like they have never left the US. In Europe and Latin America, there are a ton of other websites that locals use for the same thing. Before the web, you would call up a few places listed in a guidebook and rent it over the phone.
I dislike Airbnb because it's expensive. The concept of "renting a room" in a vacation area will never go away. But the idea of $100 cleaning fees, when they just change the sheets and wipe down surfaces (30 minutes total) is dumb.
We're no strangers to it in the US as well, but what AirBnB has allowed is an industry of landlords that have strangled the housing stock in a number of places. It's not the people renting a room in their house that are the issue, it's the people buying apartments and houses specifically as rental property. I remember seeing a photo of LA that had AirBnB properties marked, and it was estimated at around 45% of all housing as being short-term-only rentals.
I live in a condo complex of duplexes in a summer vacation spot that has a limit on the number of units that can be rented out specifically to avoid this kind of problem - they want affordable housing for people who are actually living here, and not properties that are going to sit empty 8 months of the year. They don't care if you rent out a single room or something, but we have a lady who owns a building who doesn't even live in the same state. She has to drive like 4 hours to get here.
Did sites like VRBO for vacation and large house rentals exist for AirBnb? I didn't really book those at that point. While I agree airbnb should probably be replaced by hotels (like in the past) was there a way to rent a large living space for a group pre-airbnb?
AirBNB used to be about just renting a room in your house out to people. Before it got big it wasn't about "list your short term rental here".
Actually, vrbo was more like that - vrbo was around long before airbnb and was meant to be a way to help market your short term rental or like rent your vacation house out while you werent using it.
The problem is they each fill a niche, the need for short term accommodation with privacy for a group, but its super easy to take advantage and start listing huge numbers of properties to make lots of money if youre a leech landlord - which is part of why we're in such a bad situation now with the housing market.
