Airbnb actually making Rental going very cheap !

[Carlos Ptriawan]

Did anyone notice this, If you allocate renting airbnb for 30 days or more you get monthly discount, but the effect on the different city is widely different?
For entire home reservation:
In San Jose,CA , early price range (most availability) is starting from $2,600-$2,800.
For Austin,TX, it's about $2,200
For Phoenix,AZ it's around $5,000

So lets say San Jose and Austin, with that "MTR rent price" it is extremely cheap to rent MTR with all furnished available for $2,600-$2,800 or $2k in Austin --while it doesn't make sense in Phoenix,AZ. One can work in nomad condition right now.

Having said that, Airbnb is actually making renting way cheap and slightly killing the LTR market.

[John Underwood]

Quote from @Carlos Ptriawan:

Quote from @John Underwood:

Quote from @Andy Whitcomb:

Yes, I think right now is a great time to be a nomad if you're able to.

However, I think this is only temporary. Many of the investors who purchased STRs in the last few years won't be able to continue at these prices, and will most likely need to sell or convert to LTR if at all possible. The market will balance itself out with a little bit of time. 

 I agree. 

Many people who paid too much won't survive due to saturation and low prices in many markets.

 This "hidden 30days rent " could really switch people from renting LTR to just forever living in Airbnb, what a dream come true for some renters. 

Regarding your comment,yes. I've checked the correlation between "Superhosts" in Phoenix/Austin and number of Zillow new listing, they are quite similar, it seems those Airbnb house now is entering Zillow marketplace ...

 I would think an owner would get wise after 1 low 30 day booking and make appropriate changes. This is another good reason to turn off instant booking to catch stuff like this. This is of course if Airbnb doesn't heavily penalize your ranking and you start losing bookings. 

You can also set max rental days to less than 28.