You can see it is such a convenient place for illegal business and money laundering. Some Airbnb has hidden camera for you know what it does. And as a matter of fact, many Airbnb in Japan is ran by the yakuza. They will use a pretty girl as profile pic. When you call the host, it is a yakuza guy respond to you. Actually, no problem with that as long as it is a smooth trade, but if something happens, god knows who can help you. And Airbnb only care about the host and don't give a fuck about guest.
I won't say don't use Airbnb, but just be reminded that use it if you can take some risk for some adventure.
AirBnB doesn't make the little guy make a few extra bucks renting out a room as much as it makes those who already have money buy up studios and one bedroom apartments. The effect is that such apartments get more expensive for those who just need a place to live.
If only there were some way of increasing the number of housing units on a given area of land, this problem could be solved and we could have enough housing for everybody. This kind of technology could really ameliorate such problems.
https://www.vox.com/a/new-economy-future/urban-sprawl-housin...
Those "landlords/property investors" have enough cashflow and collateral to continue to expand their portfolios and get lines of credit to do so, which puts 'normal people' looking for housing at a disadvantage.
In high-demand housing areas, there needs to be more housing regulation to balance the businesses vs. individuals. It's good that there are cool places that encourage visitors to temporarily stay and spend locally, but there are also people wanting to live there that would also spend locally. The property businesses are making such a $/day killing on Airbnbs that they would rather keep that system than rent units for people to live there (and have to adhere to all the landlord laws).
Airbnb is a convenient loophole that offers more money with less effort as long as demand is high.
The principle of supply and demand, or basic economics. If demand for units is satisfied and an agent keeps buying and attempting to rent units, the price will collapse until the agent can no longer afford or buy them.
You may want to spend some time here: https://mru.org/courses/principles-economics-microeconomics
I'd wager that's 80% of their business, nowadays.
If someone buys or rents a property that is bigger than they need, for the sole purpose of AirBnB-ing the extra space, that is a commercial mini-hotel.
In some jurisdictions this is probably a good thing, where you don't have the tourism volume to warrant building a proper hotel but where there is demand for tourism accomodations; in other jurisdictions it represents a wantonly inefficient use of real estate resources.
This has been my experience. Super-hosts with more than one listing. Apartments/homes that were obviously full-time rentals. So, not run by big corporations, but definitely run by somebody who has enough money on hand to buy property as a business venture.
Or maybe just vote manipulation.
More than a few. Check out AirBnB listing in Miami Beach, for example.
But, again, I don't have a horse in this race.
I can see this being an issue in a city, where housing is hard to find. But that's not the case in this instance.
A long-term rental may not be permanent, but it's still a home for the duration of the rental. An AirBnB is not, by definition.
On some level people have the right to do whatever they please with their property. That's kind of the point of ownership to begin with.
Ownership literally doesn't mean you can do whatever you please, that's the point of the top-level comment here.
And on some level they don't (or, perhaps more precisely, on some level it's never entirely their property if they aren't the sovereign—even if they are a member of a group which collectively constitutes the sovereign), that's kind of the point of sovereignty.
An HOA is a community-owned development. The individual lots are owned subject to the (HOA) rules of the development. That subordination is quite literally written into the deeds of the individual plots. So in this case, the other owners have a right to tell the individual owner what they can't do on their property.
Get a social housing unit, pay €500 per month. Rent it out for €90 per day on AirBNB. Profit.
Down vote with no answer?
At every turn their solution is to sue small towns and cities so they can continue to extract wealth from our neighborhoods.
Disgusting.