Post by High Priestess on Aug 25, 2016 14:20:30 GMT
Apparently..."Forty percent of Portland Airbnb hosts' revenue comes from listings that breaks the city's residency requirement."
www.wweek.com/news/2016/08/24/report-airbnbs-bottom-line-depends-on-breaking-city-rules/
Here's one of the bits of fiction contained in the article:
"Willamette Week reported this morning that if illegal short-term rentals were removed from the Airbnb website, as many as 1,718 homes could be made available to Portland residents instead of tourists."
Not likely! That statement assumes that every single person doing an Airbnb rental on their property would convert it to the use of a long term permanent resident if they could not do Airbnb rentals. Not very likely, not at all. This will happen in some of those cases, but not all of them....and without investigating each and every case, you can't be sure what portion would actually become long term rentals. The reason people are doing Airbnb renters is often (not always but often) because they DO NOT WANT a long term resident in their property. I know from working with hosts in my area, that a great many of them would not take a long term resident, under any circumstances, but would leave their units vacant if they could not do short term rentals. THey just dont' want to deal with rent control laws.
www.wweek.com/news/2016/08/24/report-airbnbs-bottom-line-depends-on-breaking-city-rules/
Here's one of the bits of fiction contained in the article:
"Willamette Week reported this morning that if illegal short-term rentals were removed from the Airbnb website, as many as 1,718 homes could be made available to Portland residents instead of tourists."
Not likely! That statement assumes that every single person doing an Airbnb rental on their property would convert it to the use of a long term permanent resident if they could not do Airbnb rentals. Not very likely, not at all. This will happen in some of those cases, but not all of them....and without investigating each and every case, you can't be sure what portion would actually become long term rentals. The reason people are doing Airbnb renters is often (not always but often) because they DO NOT WANT a long term resident in their property. I know from working with hosts in my area, that a great many of them would not take a long term resident, under any circumstances, but would leave their units vacant if they could not do short term rentals. THey just dont' want to deal with rent control laws.