I’m going to Switzerland this spring, and the AirBnB “private rooms” cost the same or more than a decently rated 3-star hotel. I’d rather stay in the hotel, with breakfast, daily cleaning (if one chooses) and a front desk.
In a lot of touristy areas in Europe, Arbnbs are de facto hotels, with local laws requiring certain accomodations. It's not surprising that the prices would be the same.
Jamin posting TYT is the latest example of his movement from Right to Left on the political spectrum. Now maybe extrapolate this to the whole rental market, or the whole economy.
I am a liberal in many ways.
* I like cars such as Volo, Subaru, Honda Fit, Toyota Prius. I think liberals have good taste in cars.
* I'm anti-war and don't like our military spending racket. I think we should just make 100,000 tactical nuclear missiles and call it good.
* I want environmental protections. Not because I believe the environment has any soul or right to exist or anything, but because I want nature for recreation.
* I'm a big believer in supporting local business. I like going to the local farmer's market when it's open.
* I love public transportation. Of course, it would be better it were operated privately, and it's often a waste of taxpayer money (Completely useless in my city, but we pay a fortune in taxes for it).
* I support all the remodeling of city streets to have bike lanes. That's awesome.
* I think many of the central claims of Feminism are true. Many are also false.
* Although I'm a believer in the Free Market, I don't believe that earning money is "good" or that most people who became wealthy "by providing a good or service that people wanted." I would say that 90% of the big money earned comes from some scam, rent-seeking behavior, straight-up robbery (e.g. divorce settlement, frivolous lawsuit), economic bubble, artificially high pay due to barriers to entry, etc.
* I support all the remodeling of city streets to have bike lanes. That's awesome.
I want one bike lane all the way through Bellevue. Is it so hard to have just a single route through Bellevue that doesn't require biking in a lane of traffic?
Housing crisis... hmmm like the one where we are getting 2 million untracked people into our country each year that don't pay taxes creating the housing crisis... Don't get me wrong I think basically anyone should be able to immigrate whenever... but the liberals (and conservatives) need to be ok with making those immigrants pay taxes and making sure that they get payed minimum wage to pick our fruits and veggies in CA and that tax revenue could go a long way. Also the middle of our country is filled with cheap places to live... super cheap.. the "housing crisis" is picky Karen's who aren't willing to have an immigrant mentality live the American dream and move to where there opportunity (housing) is a good bang for your buck. If there aren't jobs there make one or heck COVID means tons of work from home opportunities. Internet and housing in Nebraska, Ohio, Wisconsin etc is cheap! heck parts of Kansas still have free land if you build a house.
Now for AirBNB: I love airbnb for most my travel... however not for all.. basically comes down to will I be there long enough to want to do laundry. If I am on a short vacation and will be eating out for all my meals also won't really want an Airbnb.. Airbnb is great for month long stays for WFH jobs where you want to travel a bit but want a home and need to cook to not just burn through your money. Race weekend is also very important... nice to eat meals you make yourself and you are used to before the race.
The person (Shelby Church) at the beginning of the clip lives in CA and owns and airbnb thousands of miles away in a luxury vacation destination during a resession that was easily predicted by all the printing of money that both parties did due to COVID (over simplification)... Airbnb's fail where the owner doesn't live near... If airbnb is passive for you it means these are to potential outcomes:
1. you hire out good care taking which due to high cost of living in many area's drives up the cost to the consumer.. happening everywhere due to inflation... if you don't needlessly print money things don't inflate and minimum wage/cost of goods and services can stay low... if you print money those things have to increase causing brief pain to the consumer and business owner as we readjust. This means you may get good reviews but likely drives down your occupancy making you fail.
2. You don't pay for good care taking or make your guest do it.. prices stays cheap occupancy may be high until you get bad reviews your property decays and becomes pretty undesirable even if it is in the "right location" and then you also fail.
If you look at Airbnb as another job you will very likely succeed as a host. actively managing hiring out when necessary but if that becomes too expensive sweat equity is unlimited... work harder and you will be more likely to succeed. Your profit margins will be higher and likely can weather low occupancy or can pivot into renting out rooms or the home due to when in recession leisure travel is low but cheap housing is also low meaning there is opportunity for year long rental agreements. Really sounds like Airbnb is working out exactly as capitalism says.. just idiot hosts not wanting to pivot and lose money == Karen's complaining... Much like liberals with student debt and crappy jobs not willing to move from expensive city's to cheap city's or the country.
This comes from staying in short term Stays multi month stays and Renting out rooms in my own house (not via AirBnB though).
we recently spent a week in Rome, got a 2 BR 2 BA AirBNB for a fraction of the cost of a tiny hotel room, right off the Via Del Corso, walking distance to almost everything. Absolutely loved it.
You guys must have a completely different AirBnB service than what we have in Australia, because all of the fees are upfront: Services fees, Cleaning Fees, etc.
I believe it's actually illegal to not have these listed in the full price before payment.
You guys must have a completely different AirBnB service than what we have in Australia, because all of the fees are upfront: Services fees, Cleaning Fees, etc.
I believe it's actually illegal to not have these listed in the full price before payment.
The crock with airbnb and vrbo is you'll find a place that looks decent and affordable, and when you click on it, that $175 a night place turns into a $400 a night place after the fees. We use it occasionally, but most of the time we get a better deal at a resort.
trol wrote: They are there just people don't look at them on the final price on checkout.
--- No, they aren't there until the checkout, after you've wasted your time on bait and switch listings that are far more expensive than they are advertised.
You guys must have a completely different AirBnB service than what we have in Australia, because all of the fees are upfront: Services fees, Cleaning Fees, etc.
I believe it's actually illegal to not have these listed in the full price before payment.
The crock with airbnb and vrbo is you'll find a place that looks decent and affordable, and when you click on it, that $175 a night place turns into a $400 a night place after the fees. We use it occasionally, but most of the time we get a better deal at a resort.
Aren't there also fees for additional guests?
Say you're 1 person and you book a unit advertised for 1-3 people because it has a queen-sized bed and the couch in the other room has a couch with a fold-out bed. You have to ask the owner for permission to add 2 guests and you'll be charged $100+/person if they agree.
Compare to traditional hotel. A family of 5 can book 1 hotel room and have 4 people sleep in 2 beds and the other 1 either on the floor or the couch's fold-out bed. The hotel's rules don't allow more than 2 in 1 room, but they really don't care and they'll even give you extra blankets and pillows to make it happen.
My mom has had a "real" BNB in the house I grew up in for 25 years or so.
When she started, she needed to be part of the local bnb association, get inspected, etc etc etc.
She still mostly operates this way. Makes a huge breakfast every morning etc.
Before airbnb, she would note that ambitious couples would buy an existing bnb and then would sell it a few years later.
Like now with airbnb, hosts or owners or whatever got excited about the prospect of the income, but then sold it because it's actually a tonne of work they weren't expecting.
I use Airbnb as a host and as a traveler. as a host, I have a villa in a resort destination. The fees are up to the host, so it’s not Airbnb’s fault if hosts have a lot of add-on fees. My place is booked almost full through 2023 already, and Airbnb gives me the platform to obtain bookings. they’re quick to pay me too.
as a traveler, I use it depending on where I’m going, if with family or not, etc.
so for me, I don’t understand why Airbnb would fail. all they do is provide an app, manage payments, and skim some of the earnings.
You guys must have a completely different AirBnB service than what we have in Australia, because all of the fees are upfront: Services fees, Cleaning Fees, etc.
I believe it's actually illegal to not have these listed in the full price before payment.
The crock with airbnb and vrbo is you'll find a place that looks decent and affordable, and when you click on it, that $175 a night place turns into a $400 a night place after the fees. We use it occasionally, but most of the time we get a better deal at a resort.
It’s almost never that much. Here is the typical add-on charge in the US: ~30% + one-time cleaning fee, so if the cleaning fee is say $100 and the stay is for 4 days, you are looking at $175 becoming $175x1.3 + $100/4 = $252.5; for 2 days, it would be $277.5.
The cleaning fee does make airbnbs less attractive for single night stays. A $175 nightly rate can become ~$400 with a one-night stay and a cleaning fee of $175.
Say you're 1 person and you book a unit advertised for 1-3 people because it has a queen-sized bed and the couch in the other room has a couch with a fold-out bed. You have to ask the owner for permission to add 2 guests and you'll be charged $100+/person if they agree.
Compare to traditional hotel. A family of 5 can book 1 hotel room and have 4 people sleep in 2 beds and the other 1 either on the floor or the couch's fold-out bed. The hotel's rules don't allow more than 2 in 1 room, but they really don't care and they'll even give you extra blankets and pillows to make it happen.
Keep in mind that hosts are trying to set their prices so as to maximize their income, so setting ridiculous charges won’t help them get there. A $100 surcharge per guest over one guest is very unusual.
My Airbnb can support three with a queen and a sofa bed. I used to have a $20 surcharge for the third guest mostly because I didn’t want more than two guests coz there tends to be more noise and the sofa bed is not the most comfortable, and even though I warn them about that in the listing description, people would still often book for three. So I finally increased the surcharge to $45 just to reduce that demand and it did go down, though some families would still book it with a small child coming to town for a weeklong summer camp or three people coming for a long weekend.
If a listing has an unusually high fee for something, it’s possible they don’t want you to be buying that thing.
'Mad Money' host Jim Cramer and the 'Squawk on the Street' team discuss shares of Airbnb, FedEx, Microsoft and more following the opening bell on Friday.
The real joke is the company itself which had a better app in 2015 when I first used it. Since then the usability has actually decreased, and they've prob given the engineers $700 mil since then. That part is truly absurd.
The business might've made a little more sense in 2015 because that's when it was like couch surfing app. Right? Pay $40 to sleep on the someone's basement couch in a city where the cheapest hotels are over $150. Hosts weren't over-extending themselves.
Fast-forward to present day. Hosts are now realizing that it takes a lot of money and effort to maintain a modern AirBnB. More than they originally expected. They got burned out from cleaning their casitas. Or driving out to the middle of nowhere to re-setup their glamping thing for the next guest. So now they're asking guests to mow the lawn (Yes, seriously).
Why don't you do a study on food trucks. Food priced same as restaurants and you have to eat outside.
I’m going to Switzerland this spring, and the AirBnB “private rooms” cost the same or more than a decently rated 3-star hotel. I’d rather stay in the hotel, with breakfast, daily cleaning (if one chooses) and a front desk.
Coming back to a hotel room with the bed perfectly made is amazing
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