So the solution to the housing shortage is increase Airbnbs? LOL

May 5, 2024
8:25:25pm

johnnybyu All-American

The Airbnb Effect On Housing And Rent

The influence of the so-called ‘Airbnb effect’ on local housing markets has grown into a significant cause for concern, particularly when looking at its impacts on housing stock, prices and communities.

https://www.forbes.com/sites/garybarker/2020/02/21/the-airbnb-effect-on-housing-and-rent/?sh=3a7f32302226

This message has been modified

Originally posted on May 5, 2024 at 8:25:25pm

Message modified by johnnybyu on May 5, 2024 at 8:29:45pm

Message modified by johnnybyu on May 5, 2024 at 8:30:53pm

Message modified by johnnybyu on May 5, 2024 at 8:31:31pm

Message modified by johnnybyu on May 5, 2024 at 8:33:32pm

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johnnybyu

Bio page: johnnybyu
Joined: Jun 6, 2002
Last login: Jun 1, 2024
Total posts: 14,900 (1 FO)

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Author

Time

Maui changes short term rental laws. Either you sell it or make it long term.

BYUFBDAD

May 5, 4:59pm

*hasn't passed yet, but will.

BYUFBDAD

May 5, 5:02pm

My bet is that the anti-airbnb movement is facilitated/funded by the hotel lobby. The hotels stand to benefit the most.

HarlemCoug

May 5, 5:04pm

Probably. It's positive for most residents too though.

vagabonder

May 5, 6:09pm

A lack of Airbnb's will encourage more 2nd home purchases. It hurts residents.

ParentingNotForSissy

May 5, 7:39pm

No it will decrease 2nd home purchases and decrease costs. It will hurt resident

johnnybyu

May 5, 7:56pm

That sucks for the Airbnb owners, but I think I feel worse for the residents.

G.Freeman

May 5, 5:05pm

People will buy 2nd homes instead of short term renting.

ParentingNotForSissy

May 5, 7:41pm

There will be some but there will much less AirBnb owners. Demand for buying

johnnybyu

May 5, 7:58pm

If vacation rental is rented by 100 groups in a year. It only takes 1 to buy.

ParentingNotForSissy

May 5, 8:04pm

AirBnBs on average compete against hotels and take housing supply away from full

johnnybyu

May 5, 8:17pm

Show me data that accounts for 2nd home purchases. I have not found it.

ParentingNotForSissy

May 5, 8:21pm

Think of the inverse. Your premise makes no sense. Increasing AirBnBs would not

johnnybyu

May 5, 8:24pm

I am thinking about buying a home on the North Shore since there are no airbnbs.

ParentingNotForSissy

May 5, 8:33pm

Again there maybe rare cases where that happens but it is not the norm and makes

johnnybyu

May 5, 8:35pm

Airbnb are the HOV lane. You are trading it for single rider 2nd homes.

ParentingNotForSissy

May 5, 9:04pm

You are comparing your situation to the majority who are just trying to pay for

johnnybyu

May 5, 9:51pm

In vacation and urban areas vacation rentals are highly used.

ParentingNotForSissy

May 5, 11:16pm

Agree AirBnb increase tax revenue and generally use less resources like schools

johnnybyu

May 6, 8:07am

Yes. Airbnbs reduce housing demand and home prices.

ParentingNotForSissy

May 5, 8:24pm

So the solution to the housing shortage is increase Airbnbs? LOL

johnnybyu

May 5, 8:25pm

Short term rentals will be replaced by time share like groups.

ParentingNotForSissy

May 5, 8:05pm

If you are saying time share groups will buy up or create potential neighborhood

johnnybyu

May 5, 8:19pm

It is only applicable to Apartment Zoned Areas..

xarope8

May 5, 5:06pm

Where are those areas? Right on the beach?

kotacoug

May 5, 5:07pm

here's a list of the complexes on the apartment zone list

BYUFBDAD

May 5, 5:09pm

That is fairly small and limited in my opinion.. so many Airbnbs available still

xarope8

May 5, 5:14pm

~100 complexes equals about 7000 short term rentals of about 12,000 total.

BYUFBDAD

May 5, 5:18pm

The fewer available the more those prices are going to be jacked up

kotacoug

May 5, 5:21pm

Those are some massive complexes. Not sure how locals will afford any of those anyway.

JamieTartt

May 5, 5:20pm

What will that mean for the Alii? Most of the Alii is owned and rented out by owner. Does that mean they won’t be

Blue2thebone

May 5, 8:01pm

from what I understand they can only rent on a long term basis, no more short

BYUFBDAD

May 5, 8:08pm

The Alii is the only place we’ve ever stayed

Blue2thebone

May 5, 8:23pm

We stayed at the Ali'i with kids many years ago, really loved the place.

BYUFBDAD

May 5, 8:28pm

Are you sure that the Alii would be affected? It is zoned as a hotel

Blue2thebone

May 5, 8:44pm

no, it's not completely clear the way the guy says it on the video, he refers to

BYUFBDAD

May 5, 8:49pm

Horrible policy…. I hate staying in hotels. Do people want more huge resorts

kotacoug

May 5, 5:06pm

That was my thought. Been to Maui once at Grand Wailea and planned to return

Covid-19

May 5, 5:10pm

Put yourself in the shoes of a local resident.

conetah

May 5, 5:11pm

How about residents who just want to buy a home?

Belboz

May 5, 5:11pm

Their economy is based on tourism. Without they they would have to move to the

kotacoug

May 5, 5:14pm

The tourism to Maui was realistically the same 15 years ago when Air BnB didn’t exist

TCuz

May 5, 5:15pm

Huh? Just because it wasn’t called ‘Airbnb’ doesn’t mean people weren’t renting

kotacoug

May 5, 5:18pm

It increased exponentially since Air BnB, which is the point

TCuz

May 5, 5:36pm

Maui visitors stats have been down 15% since last year and and even more since19

kotacoug

May 5, 5:46pm

Can you think of any reasons why? Any major events??

TCuz

May 5, 5:48pm

Perfect time to restrict toursim and allow the if mega resorts to take over some

kotacoug

May 5, 5:53pm

It's okay as long as Black Rock doesn't buy your own neighborhood

Belboz

May 5, 6:38pm

So big companies swoop in and buy all the housing intended for residents

Belboz

May 5, 6:35pm

Yes. Resorts > Air BnBs.

TCuz

May 5, 5:11pm

No Airbnb Condos > resorts

xarope8

May 5, 5:13pm

The best beachfront properties are Airbnb/VRBO townhouse/condos/houses. It looks

kotacoug

May 5, 5:16pm

So, who can afford to buy them? Nobody.

Idacoug

May 5, 5:10pm

It will be interesting to see if prices drop when a bunch come on the market.

maYbe

May 5, 5:24pm

They will have too.

Idacoug

May 5, 5:30pm

Good

conetah

May 5, 5:10pm

This is great. Good for residents.

dixieutahbyuzag

May 5, 5:20pm

Yep limit the tourism dollars coming in. Make people go to Mexico and Florida,

kotacoug

May 5, 5:23pm

Where are the tourism dollars going now - hint, it’s not the locals

scrambled egg

May 5, 5:41pm

lol Hawaii is beyond that at this point. There are

kotacoug

May 5, 5:50pm

I just hate the argument the Hawaiians need tourism to survive

scrambled egg

May 5, 7:03pm

It’s not a narrative it’s a fact. With the population numbers tourism is

kotacoug

May 5, 7:35pm

Maui doesn't want to be Oahu. That's part of the charm

Belboz

May 5, 6:38pm

Umm Maui is following what Oahu is doing. So basically they are becoming Oahu

kotacoug

May 5, 6:49pm

Oahu is overloaded with people. Maui isn't

Belboz

May 5, 6:56pm

How will it be good for residence who rely upon tourism if it cuts tourism way back?

Blue2thebone

May 5, 8:03pm

Even for locals?

Heath Squashwell

May 5, 5:35pm

It’s a mystery why any city allows vacation rentals in neighborhoods zoned

Jay Kay

May 5, 5:48pm

I don’t know why it’s a problem. You own the property, you decide what to do

BlooCoug

May 5, 6:38pm

Large companies swoop in and turn the neighborhood into a hotel

Belboz

May 5, 6:40pm

I agree it’s a big problem for places like Hawaii and other major travel

BlooCoug

May 5, 6:47pm

Its easy to say that, but its very difficult to plan if every city is a free for

Jay Kay

May 5, 7:12pm

Good.

vagabonder

May 5, 6:06pm

Oooof. Some of us know the real reasons behind this (& the "natural hurricane

CougMAGA

May 5, 7:16pm

RE: Oooof. Some of us know the real reasons behind this (& the "natural hurricane

Blue2thebone

May 5, 8:05pm

RE: Oooof. Some of us know the real reasons behind this (& the "natural hurricane

Blue2thebone

May 5, 8:06pm

Seems a lot of VRBO folks will be filing suit

HoustonCougar

May 5, 8:40pm

Palm Springs did this and it has hurt home prices, which is great for those

sandiegocgrfan

May 5, 9:07pm

When ever government restricts the market, it ends up hurting all people with

Beetdiggercoug

May 5, 9:17pm

What are the unintended consequences?

Jay Kay

May 5, 9:51pm

By far the best solution to a housing shortage is to build more housing. I'm sure fewer apartments will get built now

HarlemCoug

May 5, 9:55pm

Are there unintended consequences to issuing unlimited housing permits in Hawaii

The Airbnb Effect On Housing And Rent

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