Scott, I love your work, love this podcast, but I would have liked to see more challenging questions in this interview. I understand youre an investor, but this is a very polarizing company. A lot of people outright despise this company and the effect its had on the housing market. It would have been nice to hear if the CEO of the company had any input on what the future of the company may look like given potential future regulation. A great example of said regulation would be in Long Beach NY, you can only rent your property out in full 1 month blocks. Short term airbnb is banned. As a result, there isnt a lot of activity for abnb in that city.
totally agree. in some podcasts Scott talks in a graphic way about interviewers pleasuring their guests. He knows what he's talking about, he's one of them when he talks to someone he likes.
We've thrown in the towel on abnb because of the Russian roulette level of lack of predictability and fairness in the hosts' cleaning fees...while many hosts still require guests take out the trash, start the dishwasher, and take off the bed linens (i.e. things normally defined as cleaning). Additionally from an ethical perspective, abnb is definitely exacerbating the housing shortage and high cost in resort towns in the mountain west. In this regard, abnb proponents claim they're increasing the use of underutilized real estate assets when, in reality, they're housing already housed people in locales already facing housing shortages.
I have had about 50% luck with airbnb. People cancelled on me last minute, also the extra fees are out of control. In spring I went to a location that didn't exist. Yes the customer support helped me but stll I lost money and half a day. All in all just not a good customer experience, so I prefer to use booking.
I think they should clean up their core business before getting wild ideas about verticals and expanding into other categories etc. If the trend continues they might not have much of a core business left if a competitor shows up. Many people -both renters and rentees - are just dying for an airbnb alternative at this point.
Airbnb has to address the regulatory hurdles that is ever increasing to become hosts in major cities. As an example, in Hong Kong, short term stay is illegal and those who are on the Airbnb platform without a hotel/guest house license are doing it at the risk of being fined or put in jail (even tougher in Singapore where the government subsidised housing can be taken back). I hope Airbnb can be on the front foot to lead engagement efforts with local government bodies to develop regulation to facilitate short-term stays.
The enthusiastic pivot towards leveraging the community and social economy potential of the Airbnb platform could be read as evidence that there is already saturation and risk of regulatory pressure, potentially pulling the rug out from the fundamental business?? Spooky- but the ideas batted around here do sound really exciting and genuine. Reacting to comments about housing issues and shortages created by short term rentals, if there’s anything Airbnb can do to help build housing to relive pressure would be great. How could Airbnb be part of the solution… somehow finance infill for example.. something comparable to the co-host concept…. But like ‘co-builder’ - get into development??
Going after AirBNB isn't going to solve the housing crisis. We need more housing as a whole. Housing for workers, young families, and a growing population of retirement age people with no retirement funds.
I have ABNB on my watchlist since IPO. Since my largest portfolio position NFLX was up 10% on friday, I will sell some on mondy and buy my first ABNB. Thanks Scott for the great interview. Whenever you fly through Frankfurt/Germany or Curitiba/Florianopolis-Brasil, let me know and I'll spare you sitting alone at the bar. Cheers Jens
Wow, we’re not even going to mention the scourge that is short terms rentals destroying cities and their economies, eh? My bet is Brian agreed to this as long as that wasn’t brought up. Or worse yet, this was likely just a fluff piece and all questions were pre scripted, esp since Scott’s biggest position is ABnB. It all smells bad.
Why did he IPO the company if it’s still a startup? Why expand into more markets if Airbnb currently have little market share in their core market? The discussion around Founder Mode (flounder mode?) sounds more like creating a toxic work environment where management refuses to take accountability. Overall he sounded very confused about the fundamental direction his company should take.
The truth is the housing market, as a whole, Companies,such as Air BnB, and content creators such as the Prof are all the result of currency debasement. Educate yourself on this reality. Start with Lyn Alden( a previous G guest) and Saifedean Ammous, never a G guest. Saif on the G pod would be fun though .A truth sayer vs. a rent seeker😂
I love hotels, motels and even airport pods before I ever think of airbnb. Just find the entire airbnb process with extra charges and fees and the total lack of customer service other than a painful and time consuming effort that takes longer to settle than the amount of days one has hoped to stay in a airbnb. Hotels are fucking so much better. Airbnb's in my city and my entire state are grossly expensive. I mean not just over priced but utterly out of customer reality. Though people have choice just that airbnb is a shithouse choice.
Scott, I love your work, love this podcast, but I would have liked to see more challenging questions in this interview. I understand youre an investor, but this is a very polarizing company. A lot of people outright despise this company and the effect its had on the housing market. It would have been nice to hear if the CEO of the company had any input on what the future of the company may look like given potential future regulation. A great example of said regulation would be in Long Beach NY, you can only rent your property out in full 1 month blocks. Short term airbnb is banned. As a result, there isnt a lot of activity for abnb in that city.
Agreed, I would have liked more objectivity during the interview. Pretty disappointing
totally agree. in some podcasts Scott talks in a graphic way about interviewers pleasuring their guests. He knows what he's talking about, he's one of them when he talks to someone he likes.
He was always a beta male like that
He can't be objective as a shareholder... It's in his interest for Airbnb to be presented in the best possible light and for the share price to go up.
We've thrown in the towel on abnb because of the Russian roulette level of lack of predictability and fairness in the hosts' cleaning fees...while many hosts still require guests take out the trash, start the dishwasher, and take off the bed linens (i.e. things normally defined as cleaning). Additionally from an ethical perspective, abnb is definitely exacerbating the housing shortage and high cost in resort towns in the mountain west. In this regard, abnb proponents claim they're increasing the use of underutilized real estate assets when, in reality, they're housing already housed people in locales already facing housing shortages.
yup, I myself am mostly using hotels, too. $300 cleaning fee on top and I have to clean? No, thank you :)
Great Interview. I would have loved Scott/Brian to touch on the regulatory regimes and how AirBNB will navigate that.
Thank you Brian for being realistic about current AI capabilities and have a vision for it at the same time
wish you could of touched on the pushback from cities and permits for airbnbs.
he did touch on the "houses being built" part. so long as there's high supply of homes => high supply+ low prices for airbnbs
Couldn't last 10 minutes. This man forgot how to talk without pitching his company. Dude, this is not a VC meeting.
I have had about 50% luck with airbnb. People cancelled on me last minute, also the extra fees are out of control. In spring I went to a location that didn't exist. Yes the customer support helped me but stll I lost money and half a day. All in all just not a good customer experience, so I prefer to use booking.
I think they should clean up their core business before getting wild ideas about verticals and expanding into other categories etc. If the trend continues they might not have much of a core business left if a competitor shows up. Many people -both renters and rentees - are just dying for an airbnb alternative at this point.
Wow what a great interview. The social network aspect of airbnb is potentially huge.
Amazing AirBnB plus community network idea!
This was great, and insight and what the future could bring with Airbnb platform. Thanks again!
yeah airbnb is fucking up the real estate market even more, we just don't build enough
Airbnb has to address the regulatory hurdles that is ever increasing to become hosts in major cities. As an example, in Hong Kong, short term stay is illegal and those who are on the Airbnb platform without a hotel/guest house license are doing it at the risk of being fined or put in jail (even tougher in Singapore where the government subsidised housing can be taken back). I hope Airbnb can be on the front foot to lead engagement efforts with local government bodies to develop regulation to facilitate short-term stays.
Great perspective, thanks for that!
Great interview - I’ll be keeping my shorts in place
The enthusiastic pivot towards leveraging the community and social economy potential of the Airbnb platform could be read as evidence that there is already saturation and risk of regulatory pressure, potentially pulling the rug out from the fundamental business?? Spooky- but the ideas batted around here do sound really exciting and genuine. Reacting to comments about housing issues and shortages created by short term rentals, if there’s anything Airbnb can do to help build housing to relive pressure would be great. How could Airbnb be part of the solution… somehow finance infill for example.. something comparable to the co-host concept…. But like ‘co-builder’ - get into development??
Great episode!
Love the community idea…
Great interview 😁
Day 35: Please bring on Gary Stevenson (Garys Economics)! Thanks!
I concur!
I'll keep liking your comment until he does
Partnering in the details.
Was just thinking this week that Airbnb can easily branch off into selling homes ala Zillow…I suspect this has been discussed
Great content
I’ll take a hotel over airbnb any day. Don’t wanna get defrauded while on vacay and receive no help from airbnb.
I understand that Airbnb may be a well run company but they are a business with a lot of negative impacts on housing and the rental markets.
Was this an interview or an airbnb fundraiser? 0 questions about the impact of airbnb on the housing market.
socks to bed = new life experience after🛑🟣🔵🟥
Uber and Airbnb will be competing soon?
Going after AirBNB isn't going to solve the housing crisis. We need more housing as a whole. Housing for workers, young families, and a growing population of retirement age people with no retirement funds.
Hotels are way better
Airbnb has created a new and great appreciation of hotels. Airbnb is like a once ripe apple gone rancid and rotten.
I have ABNB on my watchlist since IPO. Since my largest portfolio position NFLX was up 10% on friday, I will sell some on mondy and buy my first ABNB. Thanks Scott for the great interview. Whenever you fly through Frankfurt/Germany or Curitiba/Florianopolis-Brasil, let me know and I'll spare you sitting alone at the bar. Cheers Jens
Airbnb could do a community service- be a gateway to help rental market homeless- aibnb big negative on communities
Wow, we’re not even going to mention the scourge that is short terms rentals destroying cities and their economies, eh? My bet is Brian agreed to this as long as that wasn’t brought up. Or worse yet, this was likely just a fluff piece and all questions were pre scripted, esp since Scott’s biggest position is ABnB. It all smells bad.
There's really no "there" with Air. Suspicious.
Why did he IPO the company if it’s still a startup? Why expand into more markets if Airbnb currently have little market share in their core market? The discussion around Founder Mode (flounder mode?) sounds more like creating a toxic work environment where management refuses to take accountability. Overall he sounded very confused about the fundamental direction his company should take.
Hes going to run it into the ground. He has no cohesive strategy.
AirBNB: $180 a night for 5 nights "That'll be $1720.00 please"
Me: *Shocked Pikachu face*
I hate that company so much
agree a total scam company
Sounds like Airbnb is going to add car sharing)
Meta is still shedding from over eating, I don’t think it’s AI playing a part.
Hotels are better value.
Totally. Hotels are so much better than the painful 'FEES" like a poison that keeps dripping.
Not if you need to rent multiple extra rooms for kids
For big groups/families, hotels are not as good of an experience as a house or apartment.
I love the company in spite of this guy leading it….
Chesky looks like a guy with a court. Jony Ive must be milking millions out of Chesky by simply reciting Apple war stories to him.
Brian always sounds like he’s reciting from a script at drama school entrance auditions
Make sense but now you want to hold property? Male your money fast stay away from holding sublease with ci vo with busi ess owners those are not homes
Airbnbs way overpriced for rental market- like hotels- ripoff
The truth is the housing market, as a whole, Companies,such as Air BnB, and content creators such as the Prof are all the result of currency debasement. Educate yourself on this reality. Start with Lyn Alden( a previous G guest) and Saifedean Ammous, never a G guest. Saif on the G pod would be fun though .A truth sayer vs. a rent seeker😂
I love hotels, motels and even airport pods before I ever think of airbnb. Just find the entire airbnb process with extra charges and fees and the total lack of customer service other than a painful and time consuming effort that takes longer to settle than the amount of days one has hoped to stay in a airbnb. Hotels are fucking so much better. Airbnb's in my city and my entire state are grossly expensive. I mean not just over priced but utterly out of customer reality. Though people have choice just that airbnb is a shithouse choice.