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Airbnb, Short-Term Rentals and the Future of Housing

2020-11-03 Social Science
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Release : 2020-11-03
Genre : Social Science
Kind : eBook
Book Rating : 247/5 ( reviews)

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Book Synopsis Airbnb, Short-Term Rentals and the Future of Housing by : Lily M. Hoffman

Download or read book Airbnb, Short-Term Rentals and the Future of Housing written by Lily M. Hoffman. This book was released on 2020-11-03. Available in PDF, EPUB and Kindle. Book excerpt: How do Airbnb and short-term rentals affect housing and communities? Locating the origins and success of Airbnb in the conditions wrought by the 2008 financial crisis, the authors bring together a diverse body of literature and construct case studies of cities in the US, Australia and Germany to examine the struggles of local authorities to protect their housing and neighborhoods from the increasing professionalization and commercialization of Airbnb. The book argues that the most disruptive impact of Airbnb and short-term rentals has been on housing and neighborhoods in urban centers where housing markets are stressed. Despite its claims, Airbnb has revealed itself as platform capitalism, incentivizing speculation in residential housing. At the heart of this trajectory is its business model and control over access to data. In a first narrative, the authors discuss how Airbnb has institutionalized short-term rentals, consequently removing long-term rentals, contributing to rising rents and changing neighborhood milieus as visitors replace long-term residents. In a second narrative the authors trace the transformation of short-term rentals into a multibillion-dollar hybrid real estate sector promoting a variety of flexible tenure models. While these models provide more options for owners and investors, they have the potential to undermine housing security and exacerbate housing inequality. While the overall effects have been similar across countries and cities, depending on housing systems, local response has varied from less restrictive in Australia to increasingly restrictive in the United States and most restrictive in Germany. Although Airbnb has made some concessions, it has not given any city the data needed to efficiently enforce regulations, making for costly externalities. Written in a clear and direct style, this volume will appeal to students and scholars in Urban Studies, Urban Planning, Housing and Tourism Studies.

Short-Term Rental, Long-Term Wealth

2021-10-12 Business & Economics
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Release : 2021-10-12
Genre : Business & Economics
Kind : eBook
Book Rating : 449/5 ( reviews)

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Book Synopsis Short-Term Rental, Long-Term Wealth by : Avery Carl

Download or read book Short-Term Rental, Long-Term Wealth written by Avery Carl. This book was released on 2021-10-12. Available in PDF, EPUB and Kindle. Book excerpt: From analyzing potential properties to effectively managing your listings, this book is your one-stop resource for making a profit with short-term rentals! Airbnb, Vrbo, and other listing services have become massively popular in recent years--why not tap into the goldmine? Whether you're new to real estate investing or you want to add a new strategy to your growing portfolio, vacation rentals can be an extremely lucrative way to add an extra income stream--but only if you acquire and manage your properties correctly. Traditional rental properties are a great way to create wealth, but short-term rentals can bring in five times more cash flow than their long-term rental counterparts. Avery Carl, CEO and Founder of the Short Term Shop, will show you how to identify, acquire, and manage a short-term rental from anywhere in the country, plus how to avoid common pitfalls and overcome limitations that keep many would-be investors from ever getting started! In this book, you'll learn how to: Identify the best markets for short-term rental investing Analyze the potential income and profitability of a short-term rental property Self-manage a short-term rental right from your smartphone Build a local boots-on-the-ground team for an out-of-state investment Automate your self-management systems Use the income from short-term rentals to scale your investment portfolio

Short-term Rentals and the Housing Market

2018 Externalities (Economics)
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Release : 2018
Genre : Externalities (Economics)
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Book Rating : /5 ( reviews)

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Book Synopsis Short-term Rentals and the Housing Market by : Hans Koster

Download or read book Short-term Rentals and the Housing Market written by Hans Koster. This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt: Online short-term housing rental platforms such as Airbnb have grown spectacularly in recent years. We focus on Santa Monica, surrounded by the City of Los Angeles, which has severely restricted short-term rentals of entire homes and apartments. We apply a panel regression-discontinuity design around Santa Monica's border. Its 2015 Home Sharing Ordinance (HSO) reduced listings by 70% and prices of single-family homes by 5.5%, with stronger effects in locations attractive to tourists. We do not find that the HSO affected prices of apartments, which points to the presence of substantial negative external effects of short-term rentals within apartment buildings. These results explain why particularly cities with a high share of renters and apartments tend to oppose Airbnb.

Can I Retire Yet?

2016-05-20
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Release : 2016-05-20
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Kind : eBook
Book Rating : 021/5 ( reviews)

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Book Synopsis Can I Retire Yet? by : Darrow Kirkpatrick

Download or read book Can I Retire Yet? written by Darrow Kirkpatrick. This book was released on 2016-05-20. Available in PDF, EPUB and Kindle. Book excerpt: You've worked hard, lived carefully, and saved diligently. You've reached major milestones and accumulated more assets than you dreamed possible, and yet you hesitate. ""Can I retire?"" This book will help answer that question by showing you.... The tools you need to live a secure and independent retirement, without worrying about money What you must know before leaving a career behind How much it will cost you to live in retirement, and how to manage your cash flow The current choices for retirement health care, including lesser-known but effective options The threat from inflation: two secrets that politicians and bankers will never admit A realistic assessment of the impact that income taxes will have on your retirement Social Security's role in your retirement: when you should claim and how much it's worth to you How to construct and manage an investment portfolio for income and growth in retirement About immediate annuities and why you need multiple sources of retirement income The key variables and unknowns in your retirement withdrawal equation Reviews of the best retirement calculators, and tips for how to use them accurately Beyond the simplistic 4% Rule to the latest research on safe withdrawal rates Realistic bracketing of your retirement savings needs, without over caution or overconfidence The history of economic cycles and the related asset classes for optimal retirement security A survey of strategies plus original research for how to orchestrate your retirement distributions A practical "retirement fuel gauge" alerting you to problems while you still have time to act Backup plans: the "lifeboat strategies" for ensuring you'll never be without essential income The 6 crucial questions to answer before you can retire The one, simple, powerful, non-financial reason that you can and should retire earlier than later

Identification and Mitigation of the Effects of Short Term Rentals on West Hollywood's Residents, and Housing and Hospitality Markets

2019
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Release : 2019
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Book Synopsis Identification and Mitigation of the Effects of Short Term Rentals on West Hollywood's Residents, and Housing and Hospitality Markets by : Daniel Mick

Download or read book Identification and Mitigation of the Effects of Short Term Rentals on West Hollywood's Residents, and Housing and Hospitality Markets written by Daniel Mick. This book was released on 2019. Available in PDF, EPUB and Kindle. Book excerpt: Beginning in the mid-2000s, a new economic model began to emerge where transactions for good and services take place largely online and allow a decentralized peer-to-peer marketplace. This new Sharing Economy has disrupted countless traditional industries and has challenged businesses and governments to decide how best to respond. Short-term rentals are one of the most well-known and controversial industries of the sharing economy. Short-term rental users connect with each other online for the purpose of renting all or a portion of a dwelling unit for short periods of time, generally fewer than 30 days. In many parts of the country, this activity is unlawful as it creates de facto hotels in residentially zoned communities. This activity is often associated with a drop in the availability of housing, a rise in housing prices, negative impacts on the traditional hospitality industry, and disruptions to the quality-of-life of the permanent residents that live nearby these units. The challenge for cities is how to properly regulate this activity to minimize the negative consequences while allowing residents to take advantage of the benefits that come with short-term rentals. West Hollywood is a small city in the Greater Los Angeles Metropolitan Area that has seen a sharp rise in the number of short-term rentals operating within and around its borders. This research proposal provides a brief background on housing and the sharing economy and reviews the actual effects that short-term rentals have had on West Hollywood's hospitality and long-term housing markets. It also suggests a method by which the West Hollywood City Council can survey its residents to gain insight into how the community actually feels about short-term rentals. This information will provide critical data that allows policies to be created that address the specific wishes of the community, rather than just addressing the concerns of the most vocal and passionate constituents.

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