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Updated about 7 years ago on . Most recent reply

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21
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John Park
  • Investor
  • Lewisville, TX
48
Votes |
21
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Airbnb going the way of the dinosaur?

John Park
  • Investor
  • Lewisville, TX
Posted

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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27
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13
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Nick P.
  • Denver, CO
13
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27
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Nick P.
  • Denver, CO
Replied

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!

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