This isn't about the commons - it's about creating greater efficiency in the use and exchange of pri

AirBnB And The Unstoppable Rise Of The Share Economy "We're going to have to invent new economics to capture the impact car rental fort lauderdale fl of the sharing economy," says Arun Sundararajan, a professor at the Stern School car rental fort lauderdale fl of Business at NYU who studies this phenomenon. The largest question for academics car rental fort lauderdale fl is whether this all creates new value or just replaces existing businesses. The answer car rental fort lauderdale fl is surely car rental fort lauderdale fl both. It's classic creative destruction.
Rent Or Own? The New Sharing economy Values Access Over Ownership . Whether it's called car rental fort lauderdale fl the sharing economy or collaborative consumption , an increasingly networked world allows an unprecedented degree of collaboration within communities. There is even a World Sharing Day . It's easy to oversell the impact of how global communication networks enable the sharing economy or trust economy , and there are growing pains as attempts to monetize living space, possessions and talents car rental fort lauderdale fl run into local laws: Airbnb's growing pains mirrored car rental fort lauderdale fl in New York City, where half its listings car rental fort lauderdale fl are illegal rentals a basic search on Airbnb.com for New York City lodging demonstrates that more than half of the available bookings on the popular vacation rental website are likely illegal according to New York State law. Hosts of these units are subject to fines ranging from $1,000 for a first offense to $20,000 car rental fort lauderdale fl for repeated violations, car rental fort lauderdale fl according to a New York City Council bill passed in October.
A Policy Agenda for the Sharing Economy For urbanists, the rise of the sharing economy is gratifying. These sharing services are extensions of our community. They require a belief in the commons (i.e., public space, public education, health and the infrastructure that allows our society to function), which cities foster, car rental fort lauderdale fl and they are amplified by the kind of physical proximity that only exists in cities. Metrics increasingly reveal that sharing economy businesses tend to generate greater car rental fort lauderdale fl economic benefits and reinvestment in the community. Studies have shown, for example, that for every reduction of 15,000 owned cars, a city keeps $127 million in the local economy as people are able to get what they need within a smaller geographic car rental fort lauderdale fl area.
Well, you could certainly argue that renting from a private person who lives in Anytown car rental fort lauderdale fl keeps far more of your rental dollars car rental fort lauderdale fl nearby, to be used on Anytown goods and services, then renting a hotel room from a major chain.
I rented a room on AirBnB in Montreal and proceeded to spend a very large sum of money at Au Pied Du Couchon, Joe Beef, and other local restaurants and food markets. I'm just not travelling for the digs, I'm travelling for the food. If I had to spend a lot of money on a hotel I might not go at all.
Some friends of mine roadtripped to the Super Bowl this year, and they were able to do that because they found a good deal on Airbnb. The dad of one of the trippers rented a skeezy motel room for nearly double the amount of money they paid for a decent house right in the heart of the city. That probably means they ended up spending more money in bars and restaurants than they would've otherwise.
In principle, you reduce demand for either short or longer term rental property, which eventually reduces their prices, which eventually reduces new construction, which saves community resources. All while still supporting the underlying car rental fort lauderdale fl economic car rental fort lauderdale fl necessitating the room. Yes, it's quite the stretch, and not the stretch residents like, but fundamentally reducing rental and real estate prices helps society. In reality, there is so much elasticity of demand here that you might simply encourage more frequent travel, as melissam points out, but your enabling that activity without abusing the commons as much as hotels, which helps I guess. It's all a stretch though.
That is certainly a side effect, but it's not the goal in my experience. My next-door neighbor rents out her condo through AirBnB regularly, and it's driven by a desire to a) fund vacations so she can get the hell out of the city during high-tourist times, like SxSW and the other big festivals and b) keep the condo in use when she's staying with her boyfriend or her other property is vacant. It works better for her than a long-term rental because car rental fort lauderdale fl her living situation is fluid and she doesn't want to be locked car rental fort lauderdale fl out for a year at a time, plus the economics are favorable - she can rent it out for four days in March and pay for four months of the mortgage, because of the way demand works.
Would it really lower real-estate prices? Would a potential buyer not be willing to pay more if he could exploit his purchase to generate a return? car rental fort lauderdale fl I would imagine it would become even more expensive to purchase property with excess capacity.
I think all this stuff is great. But I also think that, at heart, it's the extension of efficient market economics, not something apart from market economics that inherently puts more emphasis on community or the commons.
car rental fort lauderdale fl This isn't about the commons - it's about creating greater efficiency in the use and exchange of privately held goods (whether privately held by individuals, in peer-to-peer systems, or by a company, car rental fort lauderdale fl in something like zipcar).
I am a big believe in tenant car rental fort lauderdale fl protection, so this is not a rant about that. It's that there's a difference between renting out your place for a few weeks a year and using it to circumvent legitimate legal applications (Rental, taxes, etc).
I like Airbnb very much (as a guest), but it's not sharing. It is renting. My friend hosts, and it's not sharing for her either. car rental fort lauderdale fl I suppose car rental fort lauderdale fl it's effective because it allows you to avoid taxes and thus have lower costs, car rental fort lauderdale fl but I don't think that is the goal.
All the awesome techno-liberals are going to go nuts over Airbnb once it gets really big ( It reduces rents! It's great for the poor/students/disadvantaged! Down with faceless hotel corporations! car rental fort lauderdale fl ) until one day some illegal hostel on the outskirts of NY burns down and a hundred students are killed.
There are numerous reasons one should not count on AirBnB income, especially when buying property. You should instead ask : Isn't it better for real estate prices if any landlords who become dependent on AirBnB simply defaulted on their mortgage? I donno maybe, but the banks artificially car rental fort lauderdale fl inflate real estate priced by sitting on foreclosure too. It's all so buffered by elasticity and artificial pricing that I doubt AirBnB impacts anything except poor people's ability to travel, TheNewWazoo.
Are you saying San Francisco landlords prefer running ilegal hotels to legal long term rentals, Lord_Pall? Or are you saying they can rent at hotel prices so infrequently that they remain legal while making their monthly car rental fort lauderdale fl rent? In either case, maybe AirBnB needs a wiki so landlords can collaboratively turn their properties into proper hotels.
A Warning For AirBnB Hosts Who May Be Breaking The Law Airbnb's car rental fort lauderdale fl spokeswoman, Kim Rubey, did not answer either car rental fort lauderdale fl question on the phone and e-mailed a statement several hours later that didn't really answer them either. I've reprinted it in full (and dissected it in detail) on our Bucks blog. The company is "constantly re-evaluating how to do its job better," the statement said.
Or is it? Many people believe that living on the Web grants them membership in an exalted class to which old laws cannot possibly apply. This sort of arrogance takes your breath away, until you realize just how brilliant a corporate strategy it is. If you stopped to reckon with every 80-year-old zoning law or tried to change car rental fort lauderdale fl the ones that you knew your customers would violate, you'd never even open for business.
Airbnb Report Shows That Users Make Large Contribution To San Francisco Economy But many Airbnb users don't even realize they might be skirting the law. [These online short-term rentals have] become so common car rental fort lauderdale fl that people don't even realize it's not legal Planning Director John Rahaim car rental fort lauderdale fl told the San Francisco Chronicle.
Last year, city officials decided to no longer exempt Airbnb car rental fort lauderdale fl rentals from the 14-15.5 percent hotel tax that funds, among other things, grants to affordable housing projects. Ironically, this policy change was made on the same day as Mayor Ed Lee announced the formation of a sharing economy car rental fort lauderdale fl working group aimed at promoting companies like Airbnb.
So What's This Sharing Economy Doing to San Francisco's car rental fort lauderdale fl Housing Market? car rental fort lauderdale fl Mayor Lee is thrilled car rental fort lauderdale fl that Airbnb, the short-term vacation car rental fort lauderdale fl rental site, is doing so well that they set up a new HQ here in San Francisco. Underlying this successful foray into what they call the sharing economy, however, is a thorny urban issue— the removal of rental units from the pool of housing available to permanent residents. Or the talented people who move here to become San Franciscan. While a lot of these are rooms in people's current residences, they provide accommodations far less expensive than hotels and pay no occupancy taxes into the city's coffers, and in direct competition with hotels without having to contend with the hotel workers union, Local 2, or the rafts of corporate types who make hotels run. posted by the man of twists and turns at 2:11 PM on February 9 [ 3 favorites ]
I love how airbnb invented car rental fort lauderdale fl the sharing economy by catering to a younger demographic in urban locales, while other existing services like HomeAway.com/VRBO car rental fort lauderdale fl and Flipkey predate it by years, have far more selection in non-city vacation spots and charge less to travelers (no booking fees vs ~5% of rate) and owners car rental fort lauderdale fl (flat annual listing subscriptions vs. ~10% of each rental).
Chesky and his partners are currently trying to raise another $150 million at a valuation of $2.5 billion, a figure that could make their stakes worth about $400 million each, with a shot at becoming the first billionaires of the share economy.
Would it really lower real-estate prices? Would a potential buyer not be willing to pay more if he could exploit his purchase to generate a return? I would imagine it would become even more expensive to purchase property with excess capacity.
Well, you could certainly argue that rentin