Why is Airbnb stock flying high while more and more cities are banning or severely restricting it? I have a prospective tenant who works for a Tahoe management company that is loosing 20 homes a month to the vacation rental ban.
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With the rise of RHers, strong fundamentals stocks are not good for trading, near bankruptcy and business is bad stocks where WS loves to short are the great MEME stonks for trading.
Here folks grumble a bit about Airbnb but accept them. A proposed hotel - no way, even though it’s only 20 rooms, lodge style and set well back for the street. Very vocal opposition and signature petitions.
I’ve never understood that; seems to happen everywhere. Yet another restaurant with the parking issues and high water usage - no issue, no complaints. But a hotel? OMG, people are up in arms. You’d think it was a casino. It doesn’t even include a restaurant so it would help existing businesses. Also bring in some badly needed young people with the jobs. Links to complain to officials were posted on the local Nextdoor. I used all of them - to voice my support.
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Cities are banning Airbnb everywhere. Horror stories abound and still many travel bans. Why is Airbnb doing well?
Never used airbnb myself. Do not cherish vacationing with dozens of people. Generally like to travel with few people so that I control my schedule, and list of sights to see or activities to do. Hotels work pretty well for me. Why do people pay airbnb for 300 per night for sleeping + 300 for cleaning? Do not need a room that sleeps 12. Never needed a kitchen with pot, pans, utensils, and lot of silver.
12 people can afford a $600/n house as opposed to one person in a hotel room. People come from the BA with their kids and dogs. Usually two families per house. Too many cars, noise and trash. Pissed off the locals. Now measure T has banned short term vacation rentals. I guess they will just go somewhere else.
They weren’t really on vacation. Just brought their suburban home life style to a different location.
I would rather stay in a resort hotel in an exotic foreign locale.
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Bread-N-Breakfast (from which airbnb stole the bnb part) are supposed to be an inexpensive and informal place to sleep in someone elses home and leave in the morning after eating breakfast.
I would not mind sleeping in $10/night bunks available in some hostels and dormitories in many countries. These usually come with shared bathroom at the end of the hallway. Cheap way to sleep and spend times immersing with locals.
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Youth hostels. When I was an undergrad, I traveled from youth hostel to youth hostel. A youth hostel can be a church, a school, a private home, …
In Australia, you can stay with a family for a few months during those college closing for summer because the college dormitories are closed or working on a job during college closing for summer far away from the dormitory.
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I have a feeling a lot of people will know what dorms are, but not know what dormitories are.
Used AirBnB once in Budapest. It was a family gathering. Some members were on a budget. It was an inexpensive way for us all to get together. But generally speaking I’d prefer privacy even with a group. I have no issue with small, spartan rooms as long as they are clean and comfortable. I don’t plan on passing much time in my room while on vacation and I certainly don’t care about cable or satellite offerings or what’s hanging on the wall. A coffee pot and plenty of coffee bags are a must though. I need coffee first thing in the morning even it as to be instant so I can get woke enough to go out and get some more coffee.
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Should know. AFAIK, colleges offer single room to 8 person rooms.
Also, many colleges run out of college lodging and many have to be in waitlist quarter to quarter, they need to rent ABNB for a quarter.
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Hiding a crime is a crime bigger than the original crime itself. The US legal system must be reformed. Non-disclosure, non-disparaging, non-compete clauses are hurting people and only benefiting the corporations and connected. Full disclosure was once considered hall mark of American business dealings. Not anymore
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We use airbnb and VRBO for vacations. Why do it? Because we have a family of 5. Really tight to live out of a hotel room with 5, though there are some with 2BRs and a kitchenette, but then someone gets the sofabed, and they’re generally crap. The kitchens in the AirBNBs are bigger and generally better equipped. You get a full-sized living room and a dining room. I can travel with another family and we share the cooking responsibilities, or I can travel with my parents and we can talk in the living room while the kids sleep.
The kitchen saves a lot over going out to eat for every meal, and the food is better than using a hotel for breakfast. Many of these places have BBQs.
We don’t have to worry about noises from the varsity soccer team down the hall running around at midnight, nor worry about being next to the elevator and it keeping us up all night. More privacy, way more space.
We just got back from Hawaii. 4BR. It was great - walking distance to the lagoons but a private residential area. We’ve got another trip in July - us and another family and a family friend who is single. I think that one is 5 Bedrooms and our own pool.
If it’s just you or you and your spouse, you should just rent a hotel. For us, we end up travelling with friends or family, and I value the comfort and the ability to have common space and personal space and the ability to disappear into a bedroom when needed. The rest of the time, I just like having more space with the 5 of us.
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Ditto. Family of 4 travelling or travelling with another family is perfect use of Airbnb. You feel more relaxing hanging out by your own private pool or hot tub.
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Airbnb stock price is so low maybe time to buy. The great thing about this bear market is the lowering tide has shown who was swimming naked. Crapto memes and stocks with no fundamental value are all getting washed out to sea.
Russia was invading, so a Ukrainian converted his life savings of $10,500 into the crypto token terra. Then the token crashed. Lost 95% of its value.
Bitcoin is down about 37% for the year, while ethereum has tumbled about 48%. The total market value of all cryptocurrencies has plunged from about $3 trillion in November to $1.3 trillion in May.
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I love using airbnb in europe - a lot of the hotels are in the less neighborhoody areas so when you rent an airbnb you feel more like a local
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I think Airbnb will become more popular with hosts. They average $13k in income… will help many on fixed incomes to able to keep their homes in a deep recession. Hotel stocks are much more risky.
Meme stocks have been washed out . AMC below 10… headed to 0