Have the Airbnb Bans Backfired on Big Cities?
Episode #1,008
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Are Airbnb bans actually hurting renters, homebuyers, and your local economy? The truth doesn’t seem so obvious, but new data shows the unintended consequences of banning Airbnbs and short-term rentals, especially in big cities. To get a take from someone inside the industry and with plenty of data to share, we invited Taylor Marr, Senior Housing Economist at Airbnb, to the show to explain how Airbnbs affect the economy, affordability, and housing supply.
For years, there have been claims that short-term rentals take away housing supply from renters and homebuyers and, as a result, inflate rents and home prices in nearby areas. But new data is saying something very, very different. Today, Taylor talks about how Airbnbs and short-term rentals change a local economy, the amount of money this type of local hospitality provides to small businesses, and why affordability ISN’T improving in areas where Airbnbs are banned.
We’ll also discuss the age of “experiences” and how hosts can earn more by catering to a new kind of traveler willing to spend. Do you have a short-term rental or want to make money with one in the future? Then don’t miss this episode!
00;00 Intro
02:33 2024 Housing Market Update
05:52 Effects on Short-Term Rentals
09:47 Airbnb Supply Update
11:16 Are Airbnbs Oversaturated?
14:07 The Age of "Experiences"
16:43 How Airbnbs Impact Local Economies
25:05 Side Effects of Airbnb Bans
34:30 Tips for Investors