Why Wild Parties, Housing Shortages & Massive Lawsuits are Leading to Big Questions about Airbnb
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- Опубликовано: 4 окт 2024
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I'm actually watching this from my Airbnb. The lady I'm with now has a great little setup, and only rents the basement so she's can passively monitor if I'm throwing parties, or just here for an internship like I said I was. There's a fair amount of Airbnb's where I am, and I appreciate it. Montreal's rental options are not as bad as Toronto or NYC, but when you're visiting too long for a hotel to be reasonable but not long enough for an apartment, it's really handy to have as an option. (Also, she lets me use her wifi, and bought me croissants and wine.)
I agree. I’ve had mostly good experiences. I love this as an option when hotels are just to much per night and also I personally just like the feelings of a home. Why even before this service. People on CL and other places would just rent rooms out of there home
See this is what I thought Airbnb was meant for, my problem is with the people that buy up spaces and take them away from locals who may need it. For those sharing space or renting it out while they are on vacation somewhere else, that's where I think Airbnb is great. But once you own 5 places and none of them are your actual home, thats where I think Airbnb is failing.
@@robertmcintosh1367 nothing is stopping others from buying those properties though, its a free market. If i buy the house I should be able to do whatever I want with it. People bitching need to buy their own homes and quit bitching about the rest of us having the sense not to be paying a landlord.
@@massv953 If you are buying up 4-5 places with no intention of renting or living in them, you are taking up homes people could be living in. Your whole response was my point, so thanks for that.
I have no problem with people buying houses, but if your buying houses for the sole intention of short term renting, you are taking away homes others could buy to either rent for long term or homes other could by for themselves.
@@massv953 you obviously must not live in a place like the bay area. There's a housing crisis here and there is not enough housing or affordable housing to go around. Someone buying a house or apartment and not at least turning it into a traditional rental property IS taking away a house from someone else.
Its unfortunate that large companies are getting into the short term rental game. It really should be something for individuals.
Irresponsible parties on both sides are going to ruin this for everyone 😤.
I use both hotels and airbnb when traveling.
Oh poor you, how dare they limit your options.
I feel the same way; it sucks that people have to ruin good things for every one. Ive been to some bad hotels and wished i did airbnb but ive also been in situations where being in an airbnb was just so awkward cuz i was literally in a family’s home.
You can stay with me for free
Just beat the crap out of the white college kids that party in those rented places.
@@bobbybush1750 more options means more competition in the market means better prices for us the consumer.
So yeah it is kinda shitty that our options are being limited.
Toronto has a huge housing market issue. It’s a struggle for everyone to find places to live, as prices keep rising and few new housing options are built.
The city council is trying to regulate the market - current push is for owners to have to apply for permits to short term rent - but no one really expects that to ease the issue.
When Airbnb makes people so much more money than long term housing, it absolutely takes those housing units away from the permanent market.
My studio apartment is of a comparable size to a hotel room. I pay $900/month. The hotel down the street rents rooms at $145/night. So even with a fraction of the occupancy, converting my apartment into an airbnb would make more money.
And that’s the basic economics that push units out of the long term market
The housing shortage isn't air b&b's fault. Its poor government leadership and overregulation. When people own their home its theirs. The Government should focus more on creating more housing and less focus on regulating homeowners.
There is a similar issue in California. Just a complete refusal to build more housing all while screaming and running around about the housing crisis. The only way to stabilize the market is to build more supply to meet the demand.
I actually left California completely because I refuse to pay 60% of my check to rent something I can never afford to own while the government refuses to do anything about it because stabilizing the market means home values will go down.
@@earthstar7534 good for you for leaving, it's honestly ridiculous. but do you still vote for the same cancerous policies that are ruining California where you relocated?
@@gizno126 i do not, I vote the same. I grew up in California so I know they spend the most on education, but have the lowest quality. They refuse to do any fire prevention because "environment" then half the state burns yearly. They had 10 years of drought to create fresh water collection then the dumped a trillion gallons in the ocean because it rained and they had no way to collect it. They know how many people live there, yet regulated home building to death so affordable housing can't be built. There are homeless and needles all over.
They are the 6th largest economy in the world yet has the most citizens on welfare. Sure, they are considered a donor state because they receive back less than they pay in, but you are talking about the 6th largest economy on the planet and the majority of the population of the state has welfare assistance or qualifies for it. Poverty is rampant and the culture creates just nasty hostile people.
I live in Oklahoma now and both my husband and I make more than we did in California because skilled workers are paid their worth here. He is an industrial mechanic and makes 10% more a year. I am an environmental contamination specialist I make 25% more. We own our home, out cars, the school system is better and we haven't experienced racism since we left. California is extremely racist both overtly and soft bigotry of low expectations.
@@earthstar7534 couldn't agree more. i stayed in LA for a couple of years and that place had some of the most superficial people i've ever met. rampant homelessness next to their mansions but whatever, they're quick to judge you on brand of your car. i feel bad for my peers that flock to SF under the impression that it's the promised land.
glad you were able to make it out successfully. but it just frustrates me to see some of the people who manage to leave, yet still don't recognize why the state is failing and insist on voting in the same kind of politicians.
@@earthstar7534 Agreed. I live in OP's city near a government owned affordable housing construction site that begun development plans in 2015. They didn't start work till late 2017 and are now 6 months behind on completion with no end in sight. 5 years to build one low rise with 18 units is bonkers, but that's actually somewhat average. That being said, with so many univerisities and colleges in the city, its estimated 10 000+ new people show up every year. September is actually huge for student homelessness. The government directed building rates aren't keeping up with this.
The government admin costs to also properly convert your basement into apartment here are insane too that there is not enough motivation for the average middle class homeowner to want to consider it.
EDIT: IT IS FIXED! While I'm here, hi, hello, how are you? Did you enjoy the video? Let's talk!
Oh cool. Random export issue with today's video... audio is there but something happened to the video of one of the interview clips. Working on a way to fix it now but in the meantime, thanks to all you Beautiful Bastards who already watched and shared the video regardless.
Philip DeFranco I thought that guy asked to remain anonymous 😂
Did you cover Jim Jeffries or the latest from Candace Owens?
That's the first time I've EVER seen an editing mistake on any of your videos. So I say Kudos to you and your team for putting out so much content and getting it right (99.9% of the time)!
Day 21 of asking Phil for help to expose Germany for stealing from over 350'000 us citizens
I didn't even realise cause i just listen to your videos. Thanks for always keeping me filled in
All the hotel lobbyist in favor of a "free market" in highly desired areas (e.g., NYC, Boston, etc.) sure don't like a free market when it eats up their profits.
No, it's about the fact that people renting apartments and using them only for short-term rentals are ruining the rental economy for long-term renters who still need places to live and have to struggle to make end meet because they short-term renters help jack up the price of rent because it looks like the area is in higher demand than what it is.
Solution: prosecute the hell out of those that break the rules. Ban bad customers and hold the others accountable. Give neighbors rights and set some kind of precedent that allows them to easily sue. Everyone else, adapt
Telling people to adapt doesn't always work though. How are people supposed to adapt to a shrinking property market? Move out of town because they can't afford the growing property value inflated by lack of supply?
Dave Koffee “ban bad customers and hold the others accountable. You know that people rent air b&bs with false identities right? Or use fraud😂
@@DemMedHornene uh... We can fix that issue by reducing if not eliminating housing regulations... You need housing right? Build a fuckton more. Which won't happen as long as developers cannot get access to property or are discouraged if not banned from building the housing they need.
Should have to get some kind of background check and use a driver's license to even be allowed to use the app.
Not specific enough..
Airbnb has ruined the Dutch housing market in urban areas. Due to investors buying lots of houses for short term rental between 10 and 13% of all houses in Dutch cities are now for short term renting, and in the city of Groning even close to 30%. For comparison, in 2007 this percentage was 3% in the average Dutch city.
As a result of this it has become near impossible for starters to find a home in the city.
@ Thanks for the tip Labobo, let me as a middle-class individual (who also happens to be broke thanks to uni debts) just build the 20000 houses needed to satiate demand in 1 city...
So now people have the right to an affordable starter home in a highly sought after metropolitan area?!...no one is entitled to live where they want, only where they can afford.
Crimson then move out of the city. Simple as that. Would a 30-45 minute commute really kill ya? It’s a game of supply and demand, once people stop renting overpriced houses/apartments the prices will go down. Why not secure something outside of town before people start moving there and have something of value? Ie. moving from Miami to homestead, once those $4000/month 2 bedroom houses sit empty for a year the prices will go down.
The problem really started because big businesses are buying up properties for AirBnB so what we really need is to limit how much property a business can buy in a given area.
Yeah, and maybe putting some kind of rule where, I don't know, you get one property in addition to the one you live in to rent out on a short-term basis permanently. Beyond that, they have to also be on the market as long-term rentals. To minimise the negative effects on the housing market. Then, if you want to make a living as an AirBnB host, you can move into a property with a number of bedrooms, so you can rent them all out, and also get an apartment that you're renting out. That'll make enough money to live off of comfortable, and will be realistic for one person to manage on their own, so they don't have to hire staff. I think once you have to hire staff, it's a business and no longer just you renting out a spare bedroom.
Fan Antics hey it’s capitalism
Lol no. That wouldn't work. It would just force them to Sub lease from other owners. You would have the same problem with a higher cost.
They need to repeal laws that limit how many hotels can be operated in an area, laws that limit how much a land lord can charge for long term rentals, and repeal laws that slow down new construction.
This problem is CAUSED by government intervention. Government intervention will make this worse. Speaking as someone in an area with very very few housing and rental regulations, Airbnb is not a problem here. There are plenty of hotels to serve most who need it and long term rentals are priced based on supply and demand so they actually make more than someone can on Airbnb.
Zuke Zamamee If the laws you said are true, then I agree that deregulation is the way to go.
Where I’m from, hotels are basically like mushrooms but it’s different for houses here though.
@@zukezamamee9033 yes i agree that would never work
I am loving these deep dives! It's a nice break from current events... and they are really fascinating and informative!
In my opinion all they have to do is implement a penalty for people who disrespect houses like this in which if they did abused of a house they get penalized and posibly pay charges that get auto deducted from their account but then again that could also get worked around by using prepaid cards and creating new accounts to avoid paying those charges in my opinion u could work around this by not permiting the use of prepaid cards and not permitting more than one account to have the same paypal and stuff like that idk thats just an idea
Pretty much this, and maybe have a deposit that you lose in case of damage to the property. That seems to MOSTLY work for the regular rental industries
@@kurisu7885 not a deposit, but simply give permission to Airbnb to fine or hold accountable people that did damage to a property more than let's say 200$ ( low cleaning costs in case they accidentally broke something or messed something up). People that rent through Airbnb should register with valid ID information, so when complaints are filed, they can be traced.
You wouldn't want them to be fined for every little thing, that's why 200$ in damages would have to be proven. To avoid abusive owners from filing small unbased claims.
And if it would all be done legally, police could then be involved in pursuing the people that did big damages, or Airbnb can just pay the owners for the damages, and they need to deal with the offenders
kurisu7885 you mean, like you would when you’re renting an apartment?
You'll also get the issue that Uber/Lift is having, where unscrupulous drivers will claim the passenger vomited in their car and charge a $200 cleaning fee, even though they didn't. Sometimes the people wouldn't even notice the fee for months. On top of that, even if the guest recognizes they broke a chair, the owner will claim it's some $400 high end stuff then get it replaced at Walmart
that would be ripe for abuse
I work at a landlord law firm (not an attorney) but we have written about issues with Airbnb from the liability-side for apartment owners & management companies. At least in Colorado, most rental units don't allow for sublets, which means that anyone renting their apartment out is probably breaking their lease.
The other major issue is that Airbnb and Homeaway don't have the same background check requirements that property management companies do. So, individuals with felony records or sex offenders could bypass the background check and stay at an apartment community putting other residents at risk. We recommend that rental owners/property managers search Airbnb and Homeaway for their properties. If they find their own unit, print off the listing and keep it as evidence that the fenter broke their lease.
That's really smart and I am in Colorado too and the rent is ridiculously high. I can't blame companies cuz it's easy good money but it sucks when your not making much money and really want to own a home
Oh noo not those scary criminals and sex offenders.... lol sounds like the most threat an Airbnb owner has to worry about is wild parties where their place gets trashed. However I have heard of AirBnBs being used as locations for porn movies shoots. Id probably prefer porn movie shoots to parties where my place got destroyed. People with felony records do not bother me, I mean Bil Clinton doesn't have a criminal record and yet Id hate for him to stay at my place.
It seems that when big business got involved, in what was, private home owners renting their homes, it becames problematic. Private home owners have a stake in their neighbourhoods, where big rental agencies don't. Keep big business off the Air BNB platform and things will get better.
Exactly. Predatory practices to turn neighborhoods into hotels by pricing with hiking demand to push out small guys
@safe space so who suffers at the cost?... Maybe you or someone you know...
My wife and I rent an Airbnb in Portland OR. I think the city got it right. To rent an Airbnb in Portland, the space must be part of your main residence. So the law favors familes, not investors.
I rented an Airbnb in Portland. It was a yurt in the homeowner's backyard. It was amazing.
Yeah, If my property was trashed by parties I would question Airbnb too
yeah, though 1 million for repairs is nice. i'd like to see the tenants faces when they are slapped with a property damage fine. see how they respect other people's property after being forced to pay several hundred dollars.
Even if air bnb covered the cost?
Dont forget about the 1mil coverage for the host!
@@HeyitsmeGahbriehla I would LOVE to see the conditions and exclusions. Most insurance policies pay out "Actual Value", not "Replacement Value". So, they could destroy your $5,000 TV, that would cost you $6,000 to replace today, but based on the "Actual, depreciated value", the policy may pay out only half the original cost, or $2,500. There is ALWAYS so much fine print in insurance policies that most people will never find out about until it's too late. I used to try to help people dissect and figure out what they are actually paying for, since I'm a licensed agent, but you would be AMAZED at how many people blindly trust what their sales agent told them. (and it's not like I'm selling them anything. I only work with claims, not sales.)
It also suck for the neighbors. Their side walks get cover in vomit and trash (speaking from experience). A lot of these Airbnb’s are in small neighborhoods. Places that are known for being quiet, and then all of a sudden there is a party every weekend.
Well what do you do when RENT IS TOO DAMN HIGH?
You move somewhere it's affordable. Typically that gives people more opportunities for upward mobility as well www.nytimes.com/interactive/2015/05/03/upshot/the-best-and-worst-places-to-grow-up-how-your-area-compares.html
@@sammisymposium1751 That map wants me to move my family out of the city to a nearby farming town. Lol no. We wouldn't do well in a farming town; we're not farmers.
If the rent is cheap it's cuz there's no work in that area or not much around
@@-._.-KRiS-._.- the map doesn't tell anyone to move anywhere, it suggest places with high upward mobility, meaning you could potentially do better for yourself and your kids by moving there. It reflects the aggregation of data showing where there are more opportunities for children to do better than their parents due to a variety of factors including less inequality of income meaning the cost of living is more reasonable and there is a higher availability of affordable housing and good schools. There are plenty of places all around the country with all types of economies that provided a variety of different occupational opportunities. It just depends what you want. I just don't want to hear complaints about rent being high if you aren't willing to move.
@@MusicLover333 not always true. Check the data! There are plenty of great counties across the country with affordable coat of living and substantial upward mobility.
www.nytimes.com/interactive/2015/05/03/upshot/the-best-and-worst-places-to-grow-up-how-your-area-compares.html
In my city (not America) I could not find a place to live for the duration of my university thanks to airbnb. People made so much money from airbnb since my city's economy is heavily focused on tourism that the city didn't have enough houses for the university's students to rent. People's greed and the lack of proper airbnb regulation have caused huge problems similar to mine in many occasions.
This is problem in my country too (Hungary). I would also argue the big tax income for cities.
@safe space pricing and zoning. When a city can planly see that they need more apartments they'll build but with air bnb you can't see nor really control housing. Also a single family home takes up more space with less people then a hotel
safe space , but there *is* typically regulation around where hotels can be built and operated precisely to prevent the erosion of certain residential areas. Doesn't it seem reasonable that Airbnb should be similarly regulated?
I think the difficulty of course, as Phil said, is that enforcement is far trickier with Airbnb since in practice it can be hard to distinguish the single property family from the 20 property 'secret hotel chain'...
it's an issue. definitely. but you would think that if there was an opportunity to make money in student housing, more would be built. I would suspect that the regulatory hurdles required to build student housing makes it unprofitable. Airbnb is just one actor in the system. Airbnb makes it easier to rent out your house to tourists, sure, but people have the right to use their property as they wish. Maybe if it did not exist, those houses would be knocked down for a hotel instead if tourist demand was very large. I don't think the issue is as simple as that you couldn't get cheap housing in college solely because people are greedy; it seems like there was more demand for housing than supply and the most profitable model won out to your detriment. maybe the right question is "why is student housing not as profitable?" or "why is the housing stock not high enough to satisfy ALL the demand?" People are not bad for not making money when it is available; I am sure that you do that in your own life, so why would a property owner be different? Once all the demand for tourist rentals are satisfied, if there was housing stock left, it would be used for students rather than left empty as long as it was profitable to do so, so it seems a problem of supply, not of evil landlords. So... make it easier/more profitable to build housing maybe? problem goes away. Governments can give incentives (monetary and infrastructure) to others besides just Amazon you know.
We have an affordable housing crisis in Niagara falls Ontario. To get an apartment through regional housing takes years. Then you have a politician promoting the hell out of airbnb and when questioned on the housing issues he couldn't give a good answer. We have a problem with companies or people coming from Toronto, BC, the USA, etc buying up vacant properties and turning them into strictly airbnbs. On one hand it's nice that a vacant property is now being used again, it's bad when it violates the law and shuts out long term renters that desperately need it. Building new properties for long term renters take time, money, and permits. When questioned about short term rental violations, noise complaints, safety, fire code violations, etc that same politician wouldn't response other than to say that hotels shouldn't be the only ones allowed to make money off of tourists. Hotels have very strict rules and regulations to follow btw. I like the theory of airbnb but the practice is where the problems start. My friend planned my surprise bachelorette party at an airbnb in Toronto, in a condo downtown. The owner was not allowed to run an airbnb in his building. I couldn't enjoy my party knowing at any second we could be kicked out or the police called. I think airbnb, done correctly can be a good side income but you've got too many greedy people.
I am a resident in an apartment complex that has many rooms for rent via Airbnb.
Today (April 14th) our complex was broken into by aquitances of an overnight guest. There was screaming, violence and mace was sprayed throughout the floor. We have also had problems with break-ins in our parking garage, parties and litter around the building. In our case, it seems to bring nothing but insecurity to our home.
I love Airbnb and its low prices, but I don't know how they would fix these issues and protect residents.
While I totally agree that in places where there is a housing shortage, things like Air BNB should be restricted (for example, people can rent their primary residence out when they are not occupying it - if they are on vacation or away), Air BNB is vital for places who don't have enough hotels accessible. Every time we have company come to visit us in our town, our local hotels are completely booked up, and we just don't have room for them. Air BNB has saved us on more than one occasion because of that.
In my opinion, Airbnb shouldn't be restricted (not for housing shortages anyway). Instead they should change the regulations that make it not profitable to build more housing and hotels. If the hotels are getting filled up or people cannot find housing, there is a demand, so let the supply build up to meet it. Housing shortages don't fall out of the sky,usually it is because government makes it unprofitable to build sufficient housing.
@ It depends on why they built the apartments. Sometimes it's speculation, sometimes money laundering, in some countries governments encourage construction to keep unmarried guys busy, sometimes it's a way to make money for the contractors and the loans taken to build the apartments will go unpaid/defaulted but they made their money in a separate company that did the contracting. But these apartments are not what are being talked about in this video I think as much as existing construction diverted. If the people who speculate on these properties using AirBNB use up the existing housing stock and if there is unmet demand, eventually someone will decide to make some money meeting the demand if they can profitably, but they will likely meet the more lucrative tourist demand prior to meeting the student market which has some of the same issues with taking care of the properties with less income generated. The luxury apt you mention are not on Airbnb and if they were, they were never going to be student housing in any event.
In my area I have seen several student apartments go up in the last decade but then permitting here is not that strenuous. In some locations the regulations are so costly it is only worth it if you build expensive units, so they build luxury apartments instead of affordable housing. maybe the issue is that it is not profitable to build affordable housing in your area. So they build luxury apartment with the hope they can rent them. A chance to make money is better than a certainty of losing it.
It sucks that there is not affordable housing, but you cannot force people to build more and if you ban AirBnB, people will find another way using a management company or they may sit idle and go to seed or be sold as you wish, but you cannot predict that you will get the result you wish as it is still the owner's property. They may knock it down and put up a parking lot or self storage buildings!
What a surprise NYC, London, San Francisco etc. have a shortage of housing. Clearly its airbnb's fault and not the fault of zoning laws that make people literally have to buy the empty space above your building to build a new building in NYC.
nah, our democratic politicians are saints. the blame clearly lies with corporate greed and tech companies and their filthy tax breaks.
The shortage of housing after the expansion of Airbnb is a global phenomenon. And in this case correlation means causation. Many workers which have to live away from their houses are forced to pay crazy amounts for rental and leave the rentals before "tourist season" because the owners wants them empty for Airbnb. But it seems MB loves companies which profits against people in need for housing.
The only reason the 'sharing economy' is booming is because many people can no longer afford to own car, house, etc.
You know what would solve that problem?
Moar immigrants !
I think there's even more to it. Uber and AirBnB services are way cheaper than traditional taxis and hotels in part because 1) it's not guaranteed quality throughout all purchases, and 2) the drivers/hosts/etc. are not likely doing this service as their main income, so the prices can be dramatically lower. A normal taxi driver has to pay all of their bills with this one job, while an Uber driver does it for extra cash on the weekends. All of this contributes to prices too good for consumers to ignore. Bonus for having the one app that works where ever you are. You don't have to figure out the cheapest local taxi service, you don't have to compare hotels from different websites or figure out which hotel comparison website to use. It's all just right there on your phone.
@@vilecrocodile9171 no no, higher taxes on the middle class and lower taxes on the upper class! Woo!
As a small and very vulnerable looking person who used to pick up drunk men to help pay for their car I can confirm that I would only rarely do it if I could comfortably afford life without it
Also, going out 1-2 days a week for about 4-5 hours competed with my wage from my hourly job after about 30 hours a week and my tax refund was smaller but not too bad
@@vilecrocodile9171 You're so racist. I can't believe this. Let's bring more immigrants. Oy vey
Legislation should focus on irresponsible property owners, not on the industry as a whole. If renters are doing terrible things to people around their properties then they should be financially liable. If people start suing these people or groups of people with dozens of unmanaged properties, they'll either bail on it or start doing more work to prevent situations like that from happening. I don't think laws banning people from doing reasonable things on their property is a good route to take.
When I lived in Chicago I never saw airbnb as a problem. Now that I'm living near breckenridge, Colorado I can say it is a huge problem. There are so many short term rentals which is leaving no housing for the people who actually live and work in this county. Housing is sparse and expensive. That's why I'm living in the middle of no where, south park, the next county over, driving 45min to work every night. I really do hope they do something about it.
Buy a house ?
@@borisstanar1 Did you miss the expensive part?
If you can't afford it you shouldn't live there.
@@borisstanar1 were currently building one, but thanks for the concern. The issue is we cant buy a house or even land in the county I work in. I live in the mountains and I work at the only hospital within a two hour radius, it would be nice to be closer but theres nothing.
@@vilecrocodile9171 I can afford building a new house and paying almost $3k for rent every month so again, thanks for the concern.
I own 2 AirBnB properties and manage 3 others for a fellow investor in the Asheville, NC area. Over the last 2 years, we have averaged 280 days of occupancy across the 5 properties and we have never had a significant issue with damage, inappropriate behavior, or disturbances with the surrounding neighborhoods. AirBnB host must be diligent about who they rent to and be willing to turn down anyone they feel might cause a problem. Additionally, AirBnB hosts should be cognizant about the impact to the neighborhoods and keep open lines of communication with neighbors. There has been a great deal of push-back from the city of Asheville against privately owned short-term rentals which forced us to buy properties outside of the city limits. The real issue is how ridiculously expensive hotels/motels have become with fewer perks included. Why pay $200 per night for a single room where you also pay a nightly fee for internet access and parking when you can pay $120 a night for an entire house with all the amenities? I equate the shared space movement to the battle between traditional cable providers with online streaming services. The hotel service industry is an antiquated and overpriced industry that needs to adapt to the current marketplace, in my opinion. Great deep dive, Phil!
Mostly because you in this sector can skate the regulatory costs, site mangement, overhead of employees, proper insurance for handling residents, coding, legal, advertising etc. Yes, hotels are more expensive because it costs more to properly build, maintain, staff, advertise, and pay for insurance, taxes and such. Its the same issue with Uber and Touro. Except Touro is dumb because people drastically lose money based on what they charge vs depreciation of their car. But that statement stands, the hotel allows you to have legal protections in most markets where you cannot be evicted from a room without proper notice and also be covered under the hotels insurance if something were to happen to you there. Your comment about Cable providers and Online streaming is apt. One of those services actually spent to money to build the network, maintain the network, expand, modernize, and protect the network. On top of those actual costs, they need to then advertise the network, and buy programming rights(in the case of television cable providers) to put content on their service. Netflix has none of the hard line costs, the costs to install in homes, maintain existing lines any of that. This is another space where people forget the idea of overhead and physical structure vs a similar product without those costs. You call hotels antiquated and overpriced, but their margins are lower then yours because your costs are almost 0 because you dont have to jump through the same hoop. I see where you would be bias, but even you have to understand that you are comparing two totally different things
@@Dragynphyre thanks for your reply. I am not sure why you would assert that our properties have almost no costs. We pay insurance (a policy which also covers our tenants), significant property taxes, maintenance, repairs, a cleaning service, landscaper, utilities (electric, gas, cable, internet), mortgages, and employee salaries. The difference is in the quality of the service, amenities, and experience we offer versus most hotels. I agree that the comparison between the two, at face value, seems a bit like apples and oranges, but the deeper point is the dramatic shift in customers choosing to use services like AirBNB versus hotels. There has been a multi-billion dollar shift in revenue from traditional hotel/resort businesses to the shared property business model (AirBnB, VRBO, etc). Why? Because the experience is far superior and the cost is much lower. It is similar to the downfall of video rental stores (Blockbuster, for example) to the companies like Netflix who essentially changed the way the industry operated. Companies such as AirBnB are taking similar steps, although I do not forsee the inevitable downfall of the hotel industry. However, I think the hotel industry will need to make changes to their business model and package options if they wish to slow the shift of revenue from them to AirBnB-type businesses.
@@stupidname80 Airbnb has had success because in general it is a better value for the consumer IE it's cheaper. And yes you have insurance that covers your dwelling and renters but the scale is different. The hotel has property taxes aswell as business taxes. Your overhead is insanely small over that of a major hotel. To ask hotels to compete when they have so much more expenditures is unrealistic. And because the two dwellings are so different it's impossible for the hotel. It's like Uber vs traditional Cab services. Uber wins because it is cheaper because it skirts the regulations and costs of regular cabbies. You aren't re inviting the wheel or anything. You are destroying your competition on price because you get to play by different rules. And frankly it's a bad business model that hurts a lot of people.
@@stupidname80 and blockbuster failed because physical media became obsolete. You aren't inventing anything new, you are simply providing the same service, removing overhead expenses, and not going through the same steps and regulations. You are running a race against a horse with its legs tied and you are in a car.
I probably don’t say this enough but TY for the bonus content in the mornings. I love the deep dives while I take the subway to university.
i love them when i stay up really late or am up super early
I live in a college town and it's a similar situation here. Townies like me can't buy a house because every house that is worth buying gets snapped up by out of town/state owners who convert them into student rentals. I have a unique perspective because I manage housing in the campus area, but all of my properties are purpose built for students, but the problem is more in the areas outside of the immediate campus area. I feel trapped because I am pushing into my late 30's and I can't get out of the rental market because anytime something comes up we get out bid by cash offers from out of state. So our issue isn't the short term rental like AirBNB (although there is plenty of that here too) but the "short term" rentals for students... It's disheartening... 😓
This sounds very similar to issues in my college town.
sadly, what started like a good idea was abused by some and it bring tons of problems.
There is an housing crisis in montreal. There is thousands of Airbnb on the island, which make the price for regular appartment skyrocket (there is already a crisis concerning the price of appartment). People are kicked out of their appartment, including retired people, young families with limited revenue, and their appartment get renovated for touristic rental. problem is, these people can't afford an other appartment in their area because of the prices, so they have to move outside of the town or live in disgusting appartment.
the organisation suposed to help them is more concerned abouth the owners then them, so it take years to fight and get reparation...
this is anoying, i loved the idea of Airbnb...
Same problem in Niagara falls.
As an AirBnB host, it is a huge income and there's a few easy ways to prevent these parties from being thrown:
1. Make it a two night minimum so it's more likely they actually need to spend the night
2. Price it up to where they'll probably take better care of it.
I've had no issues in 2 years of guests.
@xrelik As far as I know, when Airbnb pays out to the homeowner for damages, they already seek remittance from the tenet. The $1 million policy is just to protect against the time it takes to legally aquire that money so that they can continue to rent out as soon as possible.
I guess I'm shocked people are disrespectful enough to do things like throw parties in an airbnb. Maybe I shouldn't be, I guess this is another painful reminder of how much people suck.
While I do very much enjoy Airbnb's services, I do think something needs to be done to curb outfits buying up properties just for airbnb use, it does have a serious impact on housing markets, especially in smaller cities/towns. It made it a lot harder and more expensive for me to recently buy a house for example.
Shouldn't be shocked since they do the same at hotels. What AirBnB should do in those cases is ban the people doing that from using their service.
To curb outfits from buying multiple properties just for AirBnB use they'd have to check titles to verify the names match the person renting it and that it isn't being done by a company.
Lucky. I can't even use Airbnb, because it doesn't work with metro pcs
@@daexion all hotels don't ban. Some charge an extra 200 and give it back after they've checked the room for damages.
It does ruin the market in smaller towns, but has the same effect and worse in larger communities because of the typically already high cost of housing, these people are buying up all the lower cost houses/apartments leaving only housing that many already can't afford. The whole economy sucks, but people fucking over others for their own gain only makes it worse.
@@JohnA... It also limits the amount of homes available. In Florida it's really difficult to find a home, because there's always people lined up for them. It kind of pisses me off when these people from Airbnb is using homes like this. It took three months of searching to find a home to live in.
I live and work in a world famous tourist and vacation town called Banff here in Canada. The whole town is run by the hotels, they control LITERALLY everything you see and do here. Here we have a HUGE homeless problem. I'm not talking about people who can't work, no these people all have full time jobs but the housing here is so expensive even when renting that you often need to choose between being homeless, not eating, or working 2-3jobs. The people who don't have to make this decision are the people who run the hotels in a way that ensure they get half of the money that the people who really do all the work should get. AirBNB and similar home sharing was one of the few remedies to the homeless problem. Yet unfortunately the big hotels see such home sharing as competition and are forcing them to close down. Home owners using their homes for home sharing are even being forced to sell their homes at a severely reduced price by the National Park to the hotels. I've been in the industry for over 10 years and I can confidently say that hotel owners HATE home sharing.
Drinking alcohol is legal. Doing something illegal while drunk is not.
Private transactions between consenting adults on one's property ought to be legal. Doing something illegal there shouldn't be.
In other words, a person should be able to rent out space on their property to whomever they want for whatever price both parties agree upon for however long they want and for whatever reason they want, unless it infringes on the rights of others. If the renters do something that infringes on the rights of the neighbors, those crimes should be treated like they crimes they are, separate from a private transaction between renter and rentee.
Exactly.
Try another analogy like buying or renting a car that's manufactured in America in contrast to Japanese cars from a company that does drop-shipping for you to own a car or lease a different brand. There isn't much difference between the two. Just experience and cost. Consumers want better lodging since they aren't receiving much from hotels...for now but all it takes is a better offer from these hotels and boom, Airbnb loses millions easy. Hotels are just wasting time for God knows why, its up to a king to let his swine take the throne.
@@bsca1956 yes, but why are they doing that? They are doing that because of the potential profit. Why is there so much profit to be had? Because there is a massive need for short term rentals that exist and is keep high by partnerships between hotel lobbyists and government regulations they request. And at the same time, there is massive demand for long term rentals but there is a lot of rent control laws that limit how much a land lord can charge. The natural reaction is move the long term to become short term where there is no price control but a lot of pent up demand cause my government regulations requested by big hotel chains. These are not Independent. They work off of one another.
@@bsca1956 all those properties are open to anybody to buy whether its a company or private person, the property to a company is only worth what they can make from it so once its past that point they wont keep on bidding, the last property i purchased ended up selling below market value, with me and 2 companys bidding on it because there was construction planned in 3 months time down the road. Companys and developers buying land isnt a new thing its always happened and always will
Outsiders shouldn't be able to dictate what you can and can't do with your property. Every year you have to pay taxes on property on top of what you bought it for. Now, if your business can't be contained like in the instances of it spilling over onto the neighbors, that is a bit different and should be dealt with. But overall the market has spoken and innovation must continue to strive.
You pay property tax because you don't own the land itself. It is basically paying rent to the government. It also helps the state pay for different things such as schools which is why the quality of schools will vary from district to district. I hate the level of intervention because it is like throwing the baby out with the dirty bath water. They want to get rid of the bad actors, but instead of setting regulations to quell the bad actors, they decide to ban the entire industry. There are so many ways to regulate this, like not letting people throw parties, signing a contract upfront that makes them liable for any damage or trash that has been left - making them required to clean up after themselves, otherwise they will pay for any service used to do so. Taking extra measures to break up the large companies buying up property to flip them.
Hey Phil! This might be a bit lengthy, so I'll put a TL;DR at the bottom.
I'm a current co-owner for a traditional inn/b&b in a small college town in Pennsylvania. My parents have been doing this for over 15 years, and I actually spent some of high school living in the b&b before heading off to college. Now I'm back in my hometown running it, and I hope to do so for the next 15 years. However, AirBnB is really taking a toll on my family's sole income.
We're not a large town, about 5,000 people not including the college students. So that can go up to around 10,000 with school in session and a big weekend. There's 5 traditional large chain hotels as well as a couple budget places. In the town proper, there are the 3 traditional b&bs as well as a historic small hotel. Everybody wants to be downtown because of its walkability to attractions and the campus. We used to be full up every weekend and throughout the week with parents, visitors, etc. Now more and more, we sit nearly empty on normally peak weekends. Why? AirBnB.
In our small town of 5,000, there are TWENTY FOUR (24), AirBnB properties. We just can't compete anymore. They have the advantage with lower rates and being in the downtown. Unfortunately, we can't lower our rates. This isn't a side job. This is our sole income, not something for extra cash on the side.
AirBnB says they collect the taxes. There is a 5% local tax plus a 1% merchant tax all downtown business owners must collect and remit. However, AirBnB property owners do not have to collect this tax. So there are 24 businesses in the downtown that are not collecting on taxes. It's insane. So we have to collect this tax and these other AirBnB owners don't? That doesn't seem very fair.
To be honest, I'm not sure if my family can continue to be small business owners at the rate things are going. Mostly my dad is trying to make change in our small town and speak up on the matter. However now I'm beginning to get involved to. I'm all for having competition and AirBnB being in town, but we have to level the playing field.
TL;DR : I'm a traditional inn owner and AirBnB is hurting my family's income. Don't eliminate it totally, but we have to change some things.
I've heard similar complaints from some of our B&B owners in my town. They are in a historical area so they have more regulations in place and special permits for parking , etc. Airbnb does not require those regulations other than if the house is in the same area it must look nice (and that's a city bylaw). The big problem B&B owners had was towing cars from airbnb renters in their property, they tow almost every weekend and on busier weekdays. A house that used to be one family with one or two cars is now renting almost every room in the house and that one/two car driveway can't handle four or more cars and you can't park on the road. So they park next door at the B&B. So on top on lost income (these B&B owners are following the laws put forth by the city and running legally) they've got to deal with tows. I think the airbnb renters should have to follow the same laws as the B&B owners, of course that would lose them major money. I think if the government doesn't step up quickly we're going to see a lot of businesses die and unregulated, unsafe airbnbs pop up. It will kill off neighbourhoods and affect property values, we've already started to see it happen.
We had to shut down our hostel a year ago, because we were losing so much business to AirBnB. They're not just wrecking the housing market, they are driving small businesses into the ground.
@@TauraCasanova all I see is people blaming a business where people choose to go to... you have to learn how to adapt. It is 2019. If people can rent out a room and make money on Airbnb and make a decent income. How can you who has experience and more then just a room to rent out not make money? Stop thinking in the past and adapt. There are actually motels who put their room on Airbnb. The people are going to pay services they want. And your not providing it. So rethink your business plan. How did Polaroid and Blockbuster go out of business? Airbnb may be "new" but competition in business is not. Adapt and provide value that people and you won't have to worry about what everyone else is doing.
@@Bubbles-qh7ez The issue is that AirBnB isn't just people renting out their spare rooms, it's big companies buying up entire buildings and taking over neighbourhoods, pushing locals and small businesses out.
Believe it or not, we had our rooms on AirBnB, but we just couldn't compete because as a legitimate business, our expenses were too high. And we weren't more expensive than most AirBnBs either, we were among the cheapest options in the area, but we couldn't compete while running an honest business. AirBnB is like the wild west, there are no rules and no regulations.
@@TauraCasanova even if . these "big companies" arent giant corporations. There individual owners like you. Small business owners. Unless there are regulations that denies them to do what there are doing they are just as legitimate as you. Why not look at how you can minimize your expenses. Automate some of your process. Provided amenities and charge for them. Look at ways to maximize your profit and minimize expense. I highly doubtful that they are 100% occupied. There is a target group you can cater to that they may not be able to reach. That is way I mean when I say adapt.
Seeing the different dynamics this 1 business has disrupted and created is downright fascinating. Thanks for covering this!
Personally I try and find a nice hotel for a good price because I cant trust other peoples homes. Idk with hotels i find it easier to hold someone accountable for issues I may have. I've heard too many horror stories from my friends about Airbnb so I personally dont want to try it.
Same. I like hotels/motels because there's less pressure.
Same honestly if I was going to stay at someone's house for rent I rather do a bed & breakfast or a home stay
Idk I personally have never had a problem with Airbnb. I have stayed in many and I think they are way better than hotels. I know there are horror stories out there, but I’ve heard the same thing with hotels. As long as you and the person you are renting from have mutual respect I don’t think there is an issue.
@@sagedill5993 How is a homestay different from Airbnb? 🤔 (in all fairness I've never used/stayed in either one)
@@Kittyxandra19 I see what you're saying but staying in someone else's home makes me feel like I'm a guest in some one else's home in the sense of I cant get comfortable because I dont wanna damage anything and I'm just paranoid the whole time. I have like layered paranoia about it on general. What if the neighbors call the police on me because they think I'm breaking in etc. I just rather stay in a hotel.
I'm just waiting for the capsule hotels to show up 🤷🏿♂️
QuiteDecent - Yes! so quaint and cozy. :P
God! Hell no. You don’t want to become like Hong Kong with cage home. That’s basically the next step from capsule hotels.
You might as well rent out a unit in a morgue and live there. Same amount of space
@@NewBlueTrue It would keep the houses/apartments more available for local residents to indulge in as capsule hotels are usually in prime areas, and run very efficiently/cost effectively.
@@QuiteDecent I don't know how well they'd go over in the states, tho. When people stay in hotels, they're either there for two reasons: vacation or business.
For vacation, many families consider the hotel as part of the vacation experience, not just somewhere to kip for the night (i.e. resorts). For business purposes, I'm not sure that many people would be okay with their company cheeping out and sending them to a capsule hotel.
We really, really, really like our space here.
@@sierrasouthwell9237 Yet most people in NYC live in tiny apartments that they pay a fortune for. Generally speaking, people like deals and convenience, and are willing to compromise when it comes to space in temporary situations. Families and Fortune 500 corporations aren't the only demographics in the market, so if AirBnB can do so well, I speculate that a capsule hotel 2 blocks from Times Square could generate a significant amount of revenue and stimulate a trend.
Lmao as someone who has worked in hotel industries, PEOPLE TRASH ROOMS soooooo badly. Its not easy lol
My mum operates an airbnb out of our old family house in New Zealand. She still lives there and the house is split, so the renters have access to a separate bathroom and a lounge area just for them. It's keeping her afloat right now and she puts so much work into it, she bakes fresh bread for the renters and offers cheap babysitting for families.
Apparently an AirBnB here in Ireland had hidden cameras in it. A family of tourists rented it the other week and spotted one at the fireplace. The father scanned it with his phone and they could see footage of themselves.
Think I heard as well that people were putting up random houses (they didn't own) and then tourists would just randomly show up to a confused home owner.
Every time I hear something like that, I wonder if the CEO is actually bothered doing anything. After watching this... I highly doubt it.
*Edit* I made an error with this. It was a Greek Villa with the Hidden Cameras. The family was Irish.
Apparently though the villa had stayed on websites for 9 months after the cameras were reported.
Sorry about the error.
This has happened a few times if I recall.
@@kgal1298 I know I've heard the 2nd paragraph happen multiple times over the past year, but the 1st paragraph was definitely the first time I heard something like that.
It's a bit fecking ridiculous.
Hidden cameras is a must when renting out to strangers. If they trash the place you have video proof of it.
labobo it violates privacy and could easily break sexual harassment laws
@ It depends on the state law. I know in Florida the moment you enter someone else's home, you void your right to privacy basically. I understand cameras outside of the home, but hidden cameras inside for the most part is illegal. You can easily gather evidence of people sneaking pets in, extra people, and see if they are hosting parties without your permission from a well placed camera outside. You don't need one inside. And if they trash the place, just take pictures with a timestamp and submit a proper report to Airbnb. Or threaten the guests with a lawsuit so that they may possibly pay you back for any damages.
I’m a woodworker, and this has cause an huge spike in House and apartment building. My work load has increased by 4-8 times what it was last year.
So it’s hard for me to see this as a bad thing. To be honest
It could be that even you are earning rather well now, maybe even able to save really well, your children might not be able to buy a home even if you'd help them. Short term gain vs long term loss.
Except all these new places are being built specifically for vacation rentals. Long-term apartment rentals are far less profitable, and in states like CA and NY, the building codes and taxes are way too cumbersome and expensive for such.
Has Phil ever aged? Asking for a friend
Jon Snow, King in the North no
Just wait, he’s going to get a really wrinkly forehead since he keeps scrunching it 😂
Shhh. We aren't allowed to ask these questions or he'll take our youth too.
You should look up old photos of him though
His hair does, hence his New beauty products.
I dont know.. i always "turn on sexually" each time he post new video.. and i am a dude.. #nohomo 😐
I can definitely see both sides of the story! However, Airbnb and other similar companies have given people like me an opportunity to go on vacation. For a trip at the end of April, I am using Airbnb. I could’ve went to a crappy hotel for about $200 a NIGHT for two people, or Airbnb which is about $40 a night with much nicer amenities. Something has to change with the hotel industry.
Julian Assange was just arrested by the uk police, he was carried out. I hope you’ll do a special.
He won't
No F'KING way!!! Is this real?
It'll probably be in the regular show later.
The report should focus on why so many people think that the American government will find a way to kill him.
@@Robb403 because he dug up dirt on the Democratic party? Hilary is going to have him suicided the moment he gets onto US soil.
This guy and his roommate in Brooklyn NYC set like 3 or 4 different rooms in their home at different addresses as different listings so they constantly had strangers coming in and out and were making a killing but it was clean and not noisy at all and the men were very nice, he also had a hot tub and free parking for $90/night
Also, a major thing for me with Airbnb is the access to cook your own food, maybe hotels just need to step up their game to compete with Airbnb without making people pay double the cost for the same amenities
When I travel, the last thing I want to do is cook and clean. Probably just me but I don't need a kitchen when I travel.
I wish this video had better information about how prevalent the multi-unit renter issue is. We only got 1 stat and it was just about New York. This whole issue also leads into the much bigger issue of housing shortages and prices in general. Without taking on those issues it's hard to provide any kind of quality solution in regards to short term rental issues.
What if cities started to regulate this stuff via zoning? Like only allowing short term rentals around known tourist areas of a city.
What if cities lossened their zoning laws and allowed more housing to be built? The market would equalize if supply were allowed to meet demand.
@@troyjanman19 clearly, the solution is more government involvement /s
@@troyjanman19 This might be a stupid question. But I was under the impression that the population was either stagnant or trending downward in most of the western world. If that was the case, wouldn't you need to just maintain the properties already built instead of constantly building new ones in an already densely populated city?
@@FallingPicturesProductions Maybe in that scenario they are taking birth rates into account but not paying full attention to death rates especially in theelderly. old people are clocking out later, space frees up more slowly or gets passed on to family, but families often produce 2 kids, each would needs a house, and on and on, maybe, idk lol
Feel like if the people who are renting air bnbs cause problems for the neighbors of the air bnb there should be some kind of punishment cause that just isn’t cool.
I know airbnb has a rating system like Lyft or Uber but I'm not sure how it works. Could be cool topic for a deep dive.
There is one answer to you question at the end.
It is the property owners property. Its theirs. They invested in it, they are the sole owners and should be able to do with that property what they want. Telling someone they cant rent out something they own is like telling someone how many times a week they can wear their shoes! It's their shoes and they can wear them when they want, give them to who ever they want and yes, even rent them out. It's not the goverments or the neighbors place to tell homeowners what they can do with their properties! End of story
Yupp exactly they will make it so if you travel it has to be a corporation that you are forced to go to
As someone who has rental business I'd say that the best customer I can possibly hope for is the one who wants to stay longer. People who want my apartment for a year, 2 years, 3 years, even more are the best. It's consistent income with the least amount of work from me. When someone books for 2 weeks I have to get the flat ready and when they leave make sure everything is in order for the next guest. The problem with Aribnb is that you have to check a specific box to be able to host people for more than 30 days. Any guest should be able to book for however long they want, but if the owner doesn't agree to that they simply deny the booking and that's that. But I tell you from my personal experience that the longer the guest wants to stay the better for the owner, any owner.
Short term rates are much higher than long term rentals. Like renting a hotel room vs an apartment. So while short term rentals are more work and risk, they're also a lot more reward.
@@budala1969 Well I charge the same. For example if someone wants to stay a month it's 1000$ if someone wants to stay for 2 weeks it's 500$ and so on. For me financially there's no difference if I have 2 different guests booking for 2 weeks or one booking for a whole month.
Love Airbnb! Allow people to rent their homes responsibly.
There’s definitely a compromise that can be reached. It’s important to do short term rentals responsibly!
EXTRA Morning News Show, you mean there’s another one I don’t know about ?? Bless you papa D for gracing us with your knowledge on this blessed morning/night 🙏
I've worked at hotels before. This the actually the norm. People usually don't care if it's not theirs...evn then some people are just dirty
I'm a simple man, no bait and switch hosts and I continue to watch.
Oh man, in my old neighborhood in Atlanta, people still complain about “The Party House” that a wealthy lawyer owns... but lives in a different, wealthier area of the city... but the house gets rented out nearly every weekend and people throw loud, drunken parties there all the time. Cops get called on the house all the time. All via Airbnb.
We living in a market bubble 10X worse than 08
Somebody sees it at least... Don't buy property for a while if you're middle class guys...
@@missm.6923 Oh, you can buy it; just buy it outright. The problem in 08 was they all got bank help to buy it and mortgage it when they couldn't afford it, and it all collapsed; and thus they didn't even have it when that happened.
In this case, if you cut out that middle man if you can afford to buy it outright, they own the property with no risk, and in fact, now it is a safe money sink because it is your own value asset, not fiat money that can collapse in a crash.
@@adrianbundy3249 Well, assumably when the next bubble pops then real estate values will plummet which would mean way better deals. But you're right, either way owning it up front is the way to go.
@@LonecloneProductions Yeah....the interest rates went to like 3%. I got in at 3.9% at the end of it. I think just don't plan on selling your house when the bubble hits if you can help it. :P
It's okay. If you look around you, the next economic crisis will be here in 4-5 years. The last one was a long time ago, so it was bound to happen. Get ready to invest in stuff, or buy shit. It's just the normal economy cycle, nothing new, nothing out of the ordinary.
I've had some awesome AirBnB experiences. When I traveled in Europe for 3 weeks last year I loved having a nice place in five different countries where I could lay my head down for the night at a reasonable price, and the personal connection with the person renting it out who could tell me of their local favorite restaurants or sights. Most of the units were apartments with the owner living right next door to keep an eye on things. I felt good that I was actually helping provide some extra income for a sweet retired grandmother in Vienna rather than making some rich hotel chain executives even richer.
Polite, responsible renters like me and owners like the ones I dealt with are going to end up losing out on future good experiences because of jerks who don't know how to behave.
Airbnb helped destroy the housing market in a small town i used to live in. I used to be a technician for spectrum and majority of the houses i went to, were set to be Airbnb. The problem that came for this is that the town was growing but the community was not. So there was a rise in prices everywhere, especially the housing market. People were asking for 800,000 for houses that were so old my great grandmother could of been born. These houses also had no yard or drive way, single floor, siding and interior basically rotting. And since the community wasn't growing nether was the basic pay for employees to where they can live there. Spectrum even flew in people to find out why they couldn't keep employees in the area, and i told them way. Hell even architect engineers couldn't live there. i know this as my wife and i are one (I only only working for spectrum so i could stop travailing for work while i looked for work).
So we moved out and are much happier as we found cheaper place to live with jobs that match the our needs. What is funny is that someone was hired out of state to replace my wife's old position and that person left the day he was suppose to start when he saw what people were asking for housing and rental.
sorry for rant and know its not only Airbnb fault. As there is other factors as well that i don't have the time or ability to say in writing form. But Airbnb is something that is good for consumers, but never good for the community.
Whats the name of the town
@@reemaalmu9172 Bozeman MT. I have to say it's still beautiful and if you like to travel its worth to see.
@@miketipton634 oh ok
The upstairs apt of mine is an illegal Airbnb operation. Their lease condition is RESIDENTIAL and they run as a BUSINESS. The tenant is never there and the listing is booked everyday of the month. As the downstairs neighbor, I have to endure constant noise; day, evening and night. ITS ABSOLUTE HELL. I work 40hrs a week and I need rest in my apt. My landlord is trying to kick out this tenant because of this operation.
really it seems the most fair way to deal is leaving it to the local community to decide if airbnb should be allowed to do business, like the examples near the end.
@@ChristopherShaffer1 The general population is not good at assessing long term consequences. Letting this go rampant can destroy the local economy, housing market, and cause young talent to migrate to places where they can afford to buy a home. Like everything, this phenomenon must be studied and approached with care. The solution is not full "let capitalism take its course" or "regulate with heavy hands", as with most things, something in-between is the sweet spot.
Change it "Your city won't have airbnbs and none of your residents can use airbnbs" and I think the vote would change. Illegalizing it in your city will ruin the system.
@@ChristopherShaffer1 Yeah big business has proven it's SO trustworthy when it comes to things like this. They never put their best interest over the interests of a local populace.
This bullshit myth that companies always do things more efficiently and more fairly needs to go away already. Just like the people who use that same logic then turnaround and bitch when a big social media company legally bans users it doesn't like. You can't have it both ways.
It is difficult to find affordable housing. I think there should be a cap on how many properties in an area can be rented short term AND a cap on cost of hotel cost.
Possibly a cap on short-term rent as well? If they chouldn't charge so much more than long-term, it wouldn't be as big of an issue. Like, maybe they can only charge 150% of what they would charge for a long-term rental?
I don’t know how anyone could ever CONSIDER destroying someone else’s house/property. Children shouldn’t be allowed to rent property.
I imagine that there is an age limit but 22-> 29 year olds are renting the units for younger friends
They're probably adults. If you've somehow avoided meeting people that inconsiderate lucky you
@Monk8990 I'm aware that actual children can't rent property. I'm saying that anyone who has no respect to others or others property are children
@@christinamansen8636 it's fairly obvious that I'm not referring to actual children
@@Cthulhuwarlord t's fairly obvious that I'm not referring to actual children. And I just don't understand who someone could do that
When my family moved we decided to rent out our house through Airbnb instead of selling. It's been about 5 years now. Overall, we're making money and paying off the house. But we have to make sure to vet each guest carefully. Last year we forgot to do so on a 2 week rental with the profile of a small asian woman named Linda. When my mom and grandma showed up to clean the house they were greeted by 3 large men, intoxicated horribly. Luckily no one got hurt as they left quickly. The inside had been trashed, walls broken, glass everywhere, needles underneath every coach, spraypaint everywhere, all fire alarms ripped from the ceiling. There were few pieces of furniture left without damage. We even found a bag filled with fake identities. Calling the cops was useless, as apparently they had been looking for this group for months already. Airbnb was less help, despite taking pictures of everything, they didn't consider any of it evidence and wouldn't give us a penny to repair the house. Even the police report wasn't enough "proof". It was only after threatening to call a news station that they agreed to give us $1600 (which wasn't nearly enough to cover the damage). They police did eventually find them, but they were never forced to pay for reparations as apparently it was up to Airbnb to do so. Despite all this, we still rent on Airbnb, even with the cost of putting up with damage the pay is barely worth it (as long as you're careful with who you accept)
I haven't heard of air bnb in forever. Kinda thought it was an airplane thing though lol
Phil(and DeFranco crew) I have been watching this channel for 6+ years now. But never have I ever seen Phil this genuinely engaged and motivated as i have in this video (and the last few months)
love this channel
Personally I think Airbnb should be left alone. Make it easier for construction companies to build more houses/ apartments rather than tell me what I can and cannot do with my own property.
Carl Olmstead there are zoning problems that doesn’t allow construction companies to build more houses/apartments. So I don’t think letting it flow really solves the problem.
Cities' issues with companies like AirBnb tend to be less about individuals renting out their own main property, and more about companies masquerading as individuals that then buy up whole chunks of the market (driving up the average home price so locals can't afford it and those who can don't have options left to buy), especially in cities where there is literally no space to build more units.
uninvincibleete there is no city where you can't build more units, the only question is how high you are going to build, and whether the ignorant bureaucrats will let you
Airbnb is a god-send. When my friend and I went to Tokyo in our free days during our interim study abroad trip, we were desperate to find a cheap place to stay in Tokyo because we just went on a whim without much planning. All the hotels we saw were expensive, and the cheap one’s were full. Then we tried Airbnb and with a few taps we got a small apartment for a night for $30 (split). The owner texted us in English, told us the passcode to get in the door, and sent us the WiFi password. Airbnb is the choice for anybody traveling abroad with a budget who haven’t learned the country’s language.
Poseidon Broke college boys have to squeeze the bank if they want to make most of their study abroad trips. In my experience, it’s their first time out of the country, and the next time won’t happen for a while. Some of the kids (many of which were low-income) on my trip got on for free through their scholarship, and didn’t have enough money to even pay to get on the trip (my Japan trip was $6,000 for 3 weeks), let alone, do something for themselves outside the itinerary.
Cant have nothing nice. Once again the bad apples are ruining it for the rest of us.
The only 'bad apples' are the people who're too childish to handle this problem properly, financial and legal problems aside anyways. Disturbance calls would have these people fined and jailed for vandalism, destruction of property and disturbing the peace. They're renting, not buying the property as such it's a brain-dead easy conviction if these neighbors calling for Airbrb and similar services had the balls to do the right thing instead of crying about it after the fact and insisting that the service and not the individuals are the problem.
It's absurd and honestly I'm starting to get annoyed enough to have people who don't call the authorities until they leave charged as an accessory to any crimes committed during the stay. Avoiding that 'conflict' only to start some with people who are victims themselves is disgusting.
I was asked to leave the apartment I lived in for 11yers after the owner decideed to make all the app complex available for AirBrB . The manager was living there for 25 years, and they had to move too. this is just sad.
LOL good luck trying to get money for damages back from AirBNB!!! They never once refunded my family for damages caused by renters. They'll almost always take the sides of customers rather than the homeowners
I live in summit county, which is a huge ski destination, and it is so hard to find long term rentals. Because 1) the short term rentals like Airbnb is huge here and 2) a lot of homes here are vacation homes. But our county implemented a new system that supposed to regulate how many homes qualify, and the community can complain through an of bad/noisy renters. Hoping it works.
LMAO I got an AirBNB sync ad on this video
This reminded me of a story I read about recently, where a landlord rented out a room in a home to an air bnb guest, without letting her current tenants know about them moving in. The air bnb tenants used the permanent residents amenities, under the presumption that the host had provided them for the air bnb tenants. It was a huge mess that the permanent residents in the home are still trying to work out.
Thanks, Phil - I had no idea this sort of thing was going on... though I should have figured such. 😐
I'm going to DC next week...idk if hostels are illegal, but I was a shit ton of large apartments being converted to hostels and Airbnb has an option of finding "hotels" to stay in
Why would hostels be illegal? They're legitimate businesses.
I'm currently a college student in NYC. My roommate and I are finding an apartment, so we can live in a more comfortable and affordable environment in comparison to our closet of a dorm room. Air Bnb just limits the markets here which is just making our lives harder. It's frustrating to have an apartment you like then it's gone the next day. Then next thing we know it's on Air BnB.
if you think you're too good for dorms, how are you going to blame NYC's housing issues on airbnb?
It’s more of the fact that they don’t offer a meal plan. And with our food allergies cooking in the kitchen is begging for cross contamination. And with how intense (we go to a musical theatre school so we dance four days a week) our school is food is really important.
I just saw a news article this morning about this in my area. I live in the suburbs about 30 miles outside of New Orleans and short term rentals have been a popular thing since the 1800’s and now local government is trying to set extremely tight restrictions because of complaints from people in neighborhoods about traffic and noise.
What happened to getting a personal credit card and charging tenants for damage?
Most Credit cards do not have 20,000 Limits. Not to mention the renters would just dispute the charges, then the owners of the property would have to take them to court, spend thousands in legal fees, secure a judgement against them, and then what. Airbnb needs to provide the 1 Million in protection otherwise the homeowners would never be able to recoup damages. Hotels have the same issue, but have the legal resources to pursue charges, where you or I may not have the financial security to do so
This is definitely happening! There’s a giant housing boom in the area a live, and housing prices are skyrocketing for the townhomes in my neighborhood. Pretty much everyone that’s sold their house has sold it to one of those rental companies. A huge percentage of my “neighbors” don’t even live there. And regular people who would want to move in can’t, they get bought out by rental and real estate companies who mostly Airbnb the places.
A new market opens up, regular people start to make some money, industry tries to shut it down.
Imagine my shock. Almost as surprising as cab co's objecting to Uber.
The problem isn't regular people making money, it's the ones buying and listing multiple housing units. 6% of Airbnb hosts advertise 3 or more listings but account for 37% of all revenue. It's the people taking advantage of no regulation on airbnb and running an illegal hotel chain that's ruining it for everyone.
These people are taking actual homes off the market for tourists to stay for less than a month. So people who actually live in an area can't find a permanent residence since they're all Airbnbs.
That about sums it up. I'm all for the sharing economy. It's a win win for everyone
The new market is not sustainable and we will end up in a position where there are no/too few hotels/motels and the rates on AirBnBs goes up to the levels of the hotels as the market will bear it.
Those fighting so strongly for AirBnB to operate with impunity are seeking short term gains and deluding themselves into thinking it's sustainable.
As always, large operators will take control of the market, control prices and leave the average homeowner in a position where it's entirely undesirable to participate.
@@kevinbooth- if that doesn't happen, then they'll go broke from all the repairs from bad customers. Everyone is going to run into them, and repairs can run in the thousands.
I've Never Actually Paid Attention To News Until You Delivered It To Me, Good Shit.
I am an Airbnb superhost, almost two years now, I have finally been able to make good income all the while being a stay at home father. Previously i went from traditional job to job because it wasn't suited for me. This let's me be a small business owner and hosting people is really fun. I havent had any newsworthy terrible guests in over 250 stays in my secondary home. I pay tax on my income and I'm happy earning on my property. I think that short term rental properties are better taken care of them long term rentals aswell. It's very hard to evict a bad tenant due to all the protection, but now my place is cleaned between every visit and if there is anyone who annoys my neighbor I can just remove them. (Hasn't happened yet.)
Also when I have family in town for a visit I can let them stay there, and both my wife and i have a big family living overseas so it is a much better option for us. Otherwise that property may sit vacant 9 months of the year.
I do agree that people should not have large company's taking entire buildings off the rental market to use as an airbnb, but I'm sure someone more intelligent than me can figure a way to stop that.
Love your show Philly D, been watching almost 8 years.
You sir are using this service EXACTLY how it's meant to be used and should be used. I hope that no "fall out" from this will effect you =)
@@TemeryN thanks. I hope so too. I'm definitely hopeful though. Industry's evolve and as long as people are not abusing it, I dont think there will be an issue
My only experience so far with Airbnb so far has been when my aunt had surgery to remove a tumor in her ear. We stayed in a nice apartment in downtown LA and it was perfect because she didn't want to stay in a hospital until we could drive home but she also didn't want to stay in a hotel because it would have been way more uncomfortable. I see that as a good benefit that people may not think about
This is also a problem in East Austin, TX. It is forcing people from their homes due to affordability 💚
So they can move to a city they will be more productive in. No one has a right to live somewhere just because they always have. If you can't afford the rent somewhere, move. It's simple economics and you will typically find far more upward mobility in an area with a lower cost of living. Even the New York Times knows this www.nytimes.com/interactive/2015/05/03/upshot/the-best-and-worst-places-to-grow-up-how-your-area-compares.html
@@sammisymposium1751, when you're 80 years old?
@@SaucerJess yes, even when you are 80. That's why it's important to build a strong family and personal network, it's not the governments job to take care of you all of a sudden just because you got old. And if an 80 year old can't afford the cost of living in the city, they are better off on their fixed budget somewhere that cost of living is lower anyways. Plenty of suburbs or small less expensive cities that provide the convenience of everything right there (just like the more expensive city).www.kiplinger.com/slideshow/retirement/T047-S001-cheapest-places-where-you-ll-want-to-retire-2018/index.html
There is also an ever broadening array of communities specifically geared towards older people at every budget blog.cheapism.com/affordable-retirement-communities-15945/#image=3
Wish you would have covered this more internationally as well Canada has some huge issues in Toronto and Vancouver. Good topic and love the insight keep up the great work!
This issue was in Ottawa's news two days ago.
Homeless problems across major metro areas and AirBnB is raking in the millions.
I smell a communist here
I live in Taos, New Mexico, a very small town, but also a popular tourist destination. Airbnb has contributed to extreme difficultly in finding affordable rentals for residents who aren't wealthy.
Market is market. If someone rather rent *their* property short term instead of long term, then so be it.
Now as far as bad neighbours, if a house is often rented to idiots that make a property a nuisance, it should be dealt with with proper bylaws. Bylaws that empowers the neighbours to ensure the rental use stays reasonable.
I stayed in an Airbnb once in DC and was thoroughly impressed. Never thought about the downsides of it. The one issue I can see is, in certain areas, less housing being made available for locals. The partying and destruction of property obviously seems like a much easier variable to deal with. All you have to do is reinforce standards and hold tenants accountable for damage.
As much as I love Airbnb, I agree with banning it as well. Lots of homes for locals aren’t for locals anymore.
The Quill And Brush These cries about housing shortages only affect a handful of markets. You can’t justify a broad ban across the board for an entire country.
My in-laws were renting out their two spare bedrooms on AirBNB back in 2016-2017 in Nashville Tennessee. They come home one day and there’s a guy in a suit putting a ceast and desist sign on their door and basically telling them that they are not allowed to use their home as an AirBNB. He said their house had not been inspected by the city to ensure that their house (specifically the kitchen) was up to code for having people pay to stay there. They had no idea they were supposed to contact someone in Metro about it. They ended up having to go to court and pay a fine and they were banned from using their home as an AirBNB for 3 years.
Its your property, you should be able to rent it out if you want.
100% the hotel industry is the one lobbying against this. Its attacking their business and they will do whatever it takes to stop it.
I was born and raised in South Lake Tahoe and still have family and friends who live there. It’s been really challenging for the local community to lose so much housing to STVRs. Locals don’t make much money so to be able to compete with the housing market is very difficult. I’m glad there’s a severe restriction. As much as the town thrives on tourism, we also need to maintain the local community and allow locals to feel like a priority. They say without tourists, the town wouldn’t be what it is, but without locals, the tourists wouldn’t have anyone taking care or helping them! Same goes for my current city (Ventura, CA). Vacation rentals have been contributing to rent shortages and increases. I think cities should restrict how many STVRs there are and how many a single person/organization can operate.
I feel like they should work towards making it a jail-able offence to cause $20k+ damage to a property you don't own...
You can still sure them in civil court for damages. The issue is that often the cost of a lawyer is greater than the cost of damages (although you can legally represent yourself)
My personal experience with AirBnB is this:
I moved into a ground floor apartment in a downtown area about three years ago. For the first year there was an AirBnB directly next to us, directly above us, and three doors down the hallways. All of these units were ran by tenants that did not live there but solely rented the apartments for AirBnB properties. Every single weekend I would be woken up to parties and after-hours noise, screaming in the hallways, the units would even leave their front door propped open to the hallway making the noise worse. The hallways and lobby would be trashed. At least once a month there would be large 10+ people group (mainly bachelor or bachelorette parties) staying in the single bedroom units. Several times a drunk AirBnB renter tried to break into our apartment because they got confused on which unit they rented.
The steps we had to take every weekend were; ask the renters to calm down which rarely worked for more than a few minutes, contact the people running the AirBnB so that they could get their renters to calm down (which rarely worked since the noise was around 12-5am), report the issue to our landlord (who's official response was that the problem was out of his hands), then report the issue to AirBnB. Since these steps didn't improve the situation we started making noise complaints to our local police department.
Around this time the city council was drafting provisions to regulate the use of AirBnB in our city. So I took a day off work to attend the 8 hour meeting and voice my poor experience with the company in our building. We even met with a representative from the mayors office.
These steps helped slightly but AirBnB was still a major issue. Then after a domestic abuse incident and severe drug use in one of the units they finally evicted the AirBnB tenants.
We found out this is because the old landlord was fired and the new landlord was horrified by the number of complaints from all the ground floor tenants, that the old landlord had ignored. We haven't had any issues since. So in the end it was all fixed by a landlord who decided to take a stand.
When you get your house dumped by a bunch of teens :(
Reema Almu - Teens or just irresponsible adults.
As a solo female backpacker, I love airbnb. I'm an introvert so I like having my own space but hotels can be expensive. Airbnbs are a cheap alternative where unlike hostels I can have my own private space to recharge after a long day.
Although I have accidentally stayed in these rental properties. Stayed in one in Paris where the owner didn't actually live there, I never met her, I just grabbed the keys from the mailbox. In a city so big with so little housing, I completely understand why people would be angry about this commercial listing.
In Barcelona I stayed in one where the older woman told me to say I was her niece if any neighbors asked because they don't like how she uses her multi bedroom apartment as an Airbnb. The woman did live full time there but apparently her neighbors still didn't like it.
It would be nice to be able to afford rent in my town (in the sense of less than 50% of my paycheck)... or you know, be able to even consider buying a house. Airbnb certainly isn't the sole cause of how broken the market is in my area, but it is a major offender. If you can rent your house out at 70-200+$ per night why would you even bother renting it for less than 1500$ a month? In an area where the economy is primarily driven by tourism its incredibly screwed up that the majority of the workforce is making minimum or near minimum wage, and cant afford to actually live in the same city they work in.
On the face of it I like the idea of Airbnb, make some money renting your personal home while you are away, or generate some income on a spare room by making it into a short term rental. But the model breaks when you can just create your own disparate hotel franchise by buying up all of the affordable homes in an area.
What my city needs is first and foremost more affordable housing-- if there were more affordable options sooner or later the market would get flooded with cheap airbnb and it wouldn't be cost effective to invest in creating them anymore; thus opening up housing for actual residents. And secondly (until there is an adequate supply of homes) the city needs to get off its ass and regulate the number of short term rental homes owners can put on the market.
I've used Airbnb a few times before, as well as renting a few residential units to vacationers a couple times when I didn't need to use those places. It's convenient and relatively easy to find places to stay for short and medium duration. It may not be the best thing to happen when bad things, like those discussed in this video, happened...but what other options are there? You either need to find a room at a hotel (not cheap, outside of motels), stay at a friend's home (you need to know someone there), or rent a home the traditional way with a rental lease (not good for short duration). Airbnb should take more responsibility about what happened with renters and homeowners, for sure. Because, yes, if renters get too rowdy, the neighbors (and residence owners) suffer. But it's usually more costly to stay in a hotel for more than a few days...and Airbnb are generally better for medium duration stays.
I... am staying in an Airbnb right now...
please leave.
Trash it
All these suggestions sound very tempting 🤨
Spray ketchup in the ceiling
Lindsey Seale repaint their home
Really interesting video! Love learning about industries that I’m not familiar with and stories from communities that are affected. Great coverage, hope to see more videos on similar topics!