podcastsinenglish Level B.61 Airbnb
Dec 1, 2016
The hosts dive into Airbnb's massive impact on the holiday rental scene. They explore its explosive growth and the varying levels of activity in major cities. Legal issues emerge as they discuss hosts not declaring income and dodging local regulations. They highlight how Airbnb affects local rental markets, leading to soaring prices and fewer long-term rentals. Concerns from small cities, like infrastructure strain in Reykjavik, are also examined. Finally, insights into neighbor frustrations over noise and short-term rentals round out the discussion.
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Airbnb's Rapid Global Scale
- Airbnb is an online marketplace connecting people with rooms to guests and has become a global platform used by over 65 million people.
- The company scaled quickly to over 2 million listings across 190+ countries and massive private-market valuation by mid-2015.
Regulatory Conflicts With Local Laws
- Cities face illegality issues when hosts don't register properties or declare income, creating regulatory conflicts.
- Examples include New York and Barcelona where local laws restrict short-term sublets and require tourist registration.
Short-Term Lets Shrink Local Rental Supply
- Airbnb's growth can reduce long-term rental supply as landlords prefer short-term tourist bookings for higher returns.
- This trend can price locals out and transform neighbourhoods into tourist zones rather than residential communities.