Amy Offield always dreamed of running a vacation rental in Galveston, Texas. Five years ago, she and her husband Chris got their wish and bought a house there minutes away from the beach. They immediately began restoring the property, which she named the"Blue Skies Beach Bungalow," adding vintage items as well as retro and bright-colored decor.
But as coronavirus spread across the United States in March, Offield, who has been a full-time Airbnb host for nearly two years, started seeing a wave of cancellations. When Galveston temporarily shut down short-term rentals as part of its stay-at-home order, Offield switched her Airbnb to a 30-day stay, the minimum required to be considered a long-term listing. She didn't get a single reservation, and her beach bungalow has stood empty for two months.
maybe, just maybe, gobbling up all the real estate and then renting it out isn’t essential…
I wonder if this will soften the market enough that ordinary working people in those neighborhoods can buy or rent.
Yeah it’s hard to feel sympathy for a market that displaced people and drives up rent for normal folks. Sorry Karen.
I’m sure most places for stays are going to have to drastically change
Short term rental game still going strong in some markets. Place we stayed at this past weekend seemed to be well-booked for the next few months.
Thank you Communist News Network for helping to kill off out small businesses so you can try to remove the President from office. BTW how are those ratings. Still climbing we see.
MamaLlamaTX 'We've lost pretty much all of our income in the last three months.' Easy come, easy GO. airbnbcollapse airbnbshame
Haha
jwomack Boo hoo.
I hope all the Airbnb properties located in residential neighborhoods in nonowner-occupied houses go under, especially those that have out of town owners and are managed as part of a large group of properties by hosting companies. They are parasitic neighborhood killers.
Good
ThoughtsAndPrayers
Maybe I can buy a house someday
This article bursts the myth of AirB&B as a way for people to ake a few extra dollars my renting rooms/houses.
I rented through Airbnb and loved it. So much better than a hotel with the price at same price per night. I didn't mind spending the extra fees. It was worth. This article makes me very sad for all the owners and renters.
Good stuff.
I have no time for AirBNB nor Uber or their kind. This is not entrepreneurial, just a money grab.
“Maybe the real virus is that we are all too selfish to help one another.” - My five-year-old daughter, smarter than all of us
Please understand not to hosts this is common for everybody the daily wagers who purchased house what to say we have to cry and pray those in difficulties now in pandemic!!!!
It's starting. Fasten your seatbelts.
Zero sympathy. So many families cannot afford to buy their own homes in cities because airbnb hosts distort the markets.
Supplementing income by adding mountains of debt didn’t work?
Blame Democrats
Good. Maybe now housing costs will go back to a reasonable price. All the foreign investors buying up every piece of real estate, and now they want us to feel bad, they have to sell? 😂👏🏼😂👏🏼😂👏🏼👏🏼👏🏼😂👏🏼
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