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+--- Thread: Planning for the future (/showthread.php?tid=31)
Planning for the future - strvestor - 04-29-2024
Anyone else here find themselves wondering what the future holds for us hosts? It seems every month there is a new piece of regulation somewhere in some state or county making the whole business model unprofitable or even unworkable. It really sucks for people that were renting out an extra room and providing a place to stay and all of a sudden are unable to do so. I doubt that there will be less regulation in the future and it seems airbnb has been pretty powerless in helping shape the guidelines.
RE: Planning for the future - rushfan07 - 04-30-2024
We've always been hosting a vacation house that has been in our family for many years. Prior to the advent of airbnb, evolve it mainly sat empty. While the extra income is a "nice to have", we won't be in dire straits if we have to stop hosting one day. I do feel for those who invested in a property soley for the purpose of becoming a host, especially if they bought at the peak with the current rates..
RE: Planning for the future - A380EK - 04-30-2024
I think the answer to this will depend on what market you are in. According to AirDNA most of the markets in the south are flourishing, and the properties there are much more affordable to begin with and you get more land and therefore less neighbors to piss off and deal with. I can't imagine too many people thinking that getting in the game now in a state like California or New York with a $1MM investment is a good business idea at all.
RE: Planning for the future - ChrisFromTheOC - 04-30-2024
(04-30-2024, 04:11 PM)A380EK Wrote: I think the answer to this will depend on what market you are in. According to AirDNA most of the markets in the south are flourishing, and the properties there are much more affordable to begin with and you get more land and therefore less neighbors to piss off and deal with. I can't imagine too many people thinking that getting in the game now in a state like California or New York with a $1MM investment is a good business idea at all.
Depending on where you are in California, you can't even buy a place for $1,000,000 anymore.
RE: Planning for the future - New1530 - 05-08-2024
Well according to ABNB earnings today, their earnings are up 62% YoY so thats not too shabby. I see alot of people complaining these days that bookings are down - perhaps its all due to the increase in competition? I would have thought all the new regulations going around would be lowering the # of listings and profits but it appears that has not been the case.