The Impact of AirBnB in Paris
May 23rd, 2016, 04:35 AM
#41
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I don't know about the "backdrop" theory.
Most tourists never seem to engage with residents, either on the street or in the apartment buildings.
An awful lot of waiters, salespeople, taxi drivers, etc have been forced to move to the outskirts of Paris, so don't qualify as "residents".
Tourists don't engage with the "human backdrop" unless they desperately need directions or to find out why they can't get the door code to work.
menachem hit the nail on the head. When the dust settles from all this "sharing", nobody working in this kind of system will have any retirement money to fall back on. But the executives who run companies such as AirBnB and Uber will have disappeared - along with their fortunes - long before that.
Most tourists never seem to engage with residents, either on the street or in the apartment buildings.
An awful lot of waiters, salespeople, taxi drivers, etc have been forced to move to the outskirts of Paris, so don't qualify as "residents".
Tourists don't engage with the "human backdrop" unless they desperately need directions or to find out why they can't get the door code to work.
menachem hit the nail on the head. When the dust settles from all this "sharing", nobody working in this kind of system will have any retirement money to fall back on. But the executives who run companies such as AirBnB and Uber will have disappeared - along with their fortunes - long before that.
May 23rd, 2016, 05:12 AM
#43
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Envierges, I took it as such also. From what I've read and heard and seen from many people "living like locals" in Parisian apartments, the residents and other people they have contact with are a kind of living wallpaper.
May 23rd, 2016, 05:51 AM
#45
I am certain, or at least I hope so, that our own apartment rental experience in Covent Garden was the exception rather than the rule.
After years and years of staying in hotels in London we finally decided to rent a flat in Covent Garden since we were going over mainly for theatre and the opera.
We found a listing which consistently had rave reviews both for this walk-up as well as for "the owner."
WE got there and went through the usual meeting the representative who was late. Place was basically fine except the washing machine did not work. The owner said it would be replaced and it was, quite quickly. Unfortunately once the new one was in place its size prevented the oven door from opening. So much for heating anything up except on the stovetop.
And yes, it was <B>an inconvenience</B> and I did not rent this third-floor walk-up that tuned out not to have a working washing machine and then a non-accessible oven.
And this was one owner we never met since she was living down on the med coast and renting her places down there.
Hotels in London are never going out of business when I am in that city.
We continue to stay in hotels.
After years and years of staying in hotels in London we finally decided to rent a flat in Covent Garden since we were going over mainly for theatre and the opera.
We found a listing which consistently had rave reviews both for this walk-up as well as for "the owner."
WE got there and went through the usual meeting the representative who was late. Place was basically fine except the washing machine did not work. The owner said it would be replaced and it was, quite quickly. Unfortunately once the new one was in place its size prevented the oven door from opening. So much for heating anything up except on the stovetop.
And yes, it was <B>an inconvenience</B> and I did not rent this third-floor walk-up that tuned out not to have a working washing machine and then a non-accessible oven.
And this was one owner we never met since she was living down on the med coast and renting her places down there.
Hotels in London are never going out of business when I am in that city.
We continue to stay in hotels.
May 23rd, 2016, 11:57 AM
#46
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Though I think airbnb is a great idea that benefits many peoples yes the locals living in those flats deserve not to be bothered by excessive noise - though that concept is very different to many - but I see that as a very valid point as is displacing locals from dwellings by pushing the value so high they cannot afford it.
May 23rd, 2016, 12:34 PM
#47
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So, Dukey, you did or did not stay in that apartment? I would have been PO'd, as I suspect that a Covent Garden apartment, even a walk-up (which is normal) was bound to be pretty dear. And an absentee owner on the Med? Nah, wouldn't have worked for me at all!
That said, I'm not sure the AirBnb problem is as acute in London as it is in Paris, though I'm not very up to snuff on the scene in London these days.
That said, I'm not sure the AirBnb problem is as acute in London as it is in Paris, though I'm not very up to snuff on the scene in London these days.
May 23rd, 2016, 02:43 PM
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Y'know, Pal, I was sitting on my hands refraining from answering your last passive-aggressive reply to me that suggested, insanely, that there was some analogy between me buying a property in France 24 years ago in the Dordogne, and thousands of people renting out illegal apartments in Paris...because it was just so absurd..and I assume with all good wishes that this is tongue in cheek, but if anyone happens upon this and thinks there's a shred of truth in it, I don't own a foie gras farm (though many friends do, and they are happy to know that the ban has been lifted, and I am happy for them and will continue to patronize them, and so will thousands of Périgourdins, I'm happy to say).Foie gras is the life blood of this region, and if you don't like it, best to go elsewhere. Same as in China if you don't want to eat puppies. Just stay away and leave it to us who live here and love it.
I don't smoke enough dope to know when you're serious or not, unfortunately. I try to give you the benefit of the doubt, but man, it's hard. You're so fixartd, without any flexibility at all, on about a dozen issues, and never stray from them - don't you have any new or different interests, ever?
I don't smoke enough dope to know when you're serious or not, unfortunately. I try to give you the benefit of the doubt, but man, it's hard. You're so fixartd, without any flexibility at all, on about a dozen issues, and never stray from them - don't you have any new or different interests, ever?
May 24th, 2016, 01:45 PM
#53
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Tsss. I'm sure you cultivate foie gras, St Cirq. I am myself a killer of frogs, so if we find a shepherd growing some hoards of snails, and someone plucking lobsters from oak trees, all we need is some wine and we can live the perfect life.
Monbazillac with foie gras, Pouilly fuissé with lobsters, Pouilly fumé with oysters, I can live with côte rôtie with some deer.
But I'm sure you can combine the right wines with the right food.
Cognac after it. You're allowed to light a cigar, I don't smoke.
Quoique, where did I leave my marijuana ?
Monbazillac with foie gras, Pouilly fuissé with lobsters, Pouilly fumé with oysters, I can live with côte rôtie with some deer.
But I'm sure you can combine the right wines with the right food.
Cognac after it. You're allowed to light a cigar, I don't smoke.
Quoique, where did I leave my marijuana ?
May 24th, 2016, 02:22 PM
#55
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Orlando/Orange county is trying to collect for airbnb listings, read this today.
Orange county spent more than 700 hours last year combing Airbnb's online database for listings in Orange County and trying to match each with property records, said Chris Dawkins, director of audits for Haynie. The county then mailed notices to owners asking them to remit the tax.
That effort netted about $27,000, a tiny drop in last year's $226 million Tourist Development Tax money bucket.
Hope it was worth it but then it did make a job for someone.
Orange county spent more than 700 hours last year combing Airbnb's online database for listings in Orange County and trying to match each with property records, said Chris Dawkins, director of audits for Haynie. The county then mailed notices to owners asking them to remit the tax.
That effort netted about $27,000, a tiny drop in last year's $226 million Tourist Development Tax money bucket.
Hope it was worth it but then it did make a job for someone.
May 25th, 2016, 02:21 AM
#58
I believe that only the English language uses the word 'french' with fries. I will explain again that 'to french' means to cut into long thin strips. In French, the word is 'julienne.' People who have insufficient vocabulary have confused 'french' with 'French.'
May 25th, 2016, 03:53 AM
#59
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" that's just a drop in the bucket for a company worth more than
20 Billion USD."
Cobblers. There's no conceivable universe in which AirBnB is "worth" $20 bn - or anything remotely like it.
AirBnB has a market cap of $20bn because lots of people with money think paying huge sums for a tiny proportion of AirBnB's shares is a safer gamble than putting the same amount onto a horse race. They believe that, by 2020, it will have income (that is, its commission on the rooms its customers use) of around $10 bn a year, which is possible only if Air BnB gets 10% of the world lodging market and continues to get 15% commission from lodgers and room owners.
The company, today, is worth (in the sense most of us use the term) less than nothing. It's burning what cash it's got, and probably LOST $150 mn in 2015.
In most jurisdictions, a company getting a competitive advantage by taxdodging is liable, on conviction, to pay the unpaid taxes. If it gained that advantage like Air BnB - by not reflecting the tax in what it charged its customers - it won't have a prayer of collecting the tax it then owes to local authorities.
So those "drop in the bucket" tax demands, if applied universally and successfully worldwide, will bankrupt Air BnB before it starts making money.
Lunatics who think Air BnB shares will still be worth in 2020 what they've paid for them in 2015 face two risks. Like any other investor in a new company, they've got no guarantee it'll achieve its income and profit projections.
Unlike most new companies, though, Air BnB faces a real risk it won't be around in 2020, and possibly see its managers are in jail. It doesn't take too many cities to drive these criminals (that's the technical name for people who break laws) out of business.
It's got an alternative of course. Lobby places where its activities are illegal to change their laws. Like any real business: to show some respect for the communities it sponges off.
Or is that concept too 20th century for a bunch of entitled Silicon Valley brats?
20 Billion USD."
Cobblers. There's no conceivable universe in which AirBnB is "worth" $20 bn - or anything remotely like it.
AirBnB has a market cap of $20bn because lots of people with money think paying huge sums for a tiny proportion of AirBnB's shares is a safer gamble than putting the same amount onto a horse race. They believe that, by 2020, it will have income (that is, its commission on the rooms its customers use) of around $10 bn a year, which is possible only if Air BnB gets 10% of the world lodging market and continues to get 15% commission from lodgers and room owners.
The company, today, is worth (in the sense most of us use the term) less than nothing. It's burning what cash it's got, and probably LOST $150 mn in 2015.
In most jurisdictions, a company getting a competitive advantage by taxdodging is liable, on conviction, to pay the unpaid taxes. If it gained that advantage like Air BnB - by not reflecting the tax in what it charged its customers - it won't have a prayer of collecting the tax it then owes to local authorities.
So those "drop in the bucket" tax demands, if applied universally and successfully worldwide, will bankrupt Air BnB before it starts making money.
Lunatics who think Air BnB shares will still be worth in 2020 what they've paid for them in 2015 face two risks. Like any other investor in a new company, they've got no guarantee it'll achieve its income and profit projections.
Unlike most new companies, though, Air BnB faces a real risk it won't be around in 2020, and possibly see its managers are in jail. It doesn't take too many cities to drive these criminals (that's the technical name for people who break laws) out of business.
It's got an alternative of course. Lobby places where its activities are illegal to change their laws. Like any real business: to show some respect for the communities it sponges off.
Or is that concept too 20th century for a bunch of entitled Silicon Valley brats?
