Airbnb going the way of the dinosaur?
I have been exploring the possibility of Airbnb and short term rentals, but lately there has been a lot of discouraging news about cities really cracking down on Airbnb's short term rental model. San Francisco and Paris most recently, I think. It seems as if the powers that be, not only here in the US but worldwide really have a disdain for Airbnb. Might it not really be worth it to even hunt for a property for Airbnb seeing as the model may become a dinosaur in the not so distant future? Or am I misinterpreting the latest news about the business?
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John -- The general mindset of a lot of these tourism focused areas is that air bnb is hurting the hotel industry (and presumably has more money/lobbying to throw at the issue). Here in denver we have a tax that is little over 10% for air bnb short term rentals. Additionally, your rental must be your primary residence. I assume cities don't like that they aren't seeing much of this/any revenue from these rentals as well.
I personally see airbnb as continuing to grow significantly, but with the normal obstacles of any major shift in an industry. I would think of uber/lyft as a comparison, over time I imagine a happy medium will be found!