AirBNB Owners Now CUTTING PRICES BY 50%!

It's one of those things you have to see to believe but low and behold, we have AirBNB owners slashing their prices by 50% and the units are still vacant! This will spell disaster for the housing market soon if these operators cannot make a profit. You say we don't have a enough inventory on the market? Just wait until these short term rental operators are forced to sell or rent long term.
Need a Realtor? homeandmoney.c...
======
Like My Sunglasses? Get a Pair s.click.aliexp...
======
I offer 1 on 1 calls, book one if you'd like!
michaelbordena...
======
My Filming and Editing Equipment
michaelbordena...
======
Sign Up for My Email list and Get Weekly Video Updates in Your Inbox!
bit.ly/MBremin...
======
Get Cash Back on ALL your Internet Purchases!
www.rakuten.co...
Articles Mentioned in the Video
apple.news/AOD...
• Driverless Cruise car ...
FTC Legal Disclaimer - Some links found in the description box of my videos may be affiliate links, meaning I will make commission on purchases you make through my link. This is at no extra cost to you to use my links/codes, it's just one more way to support the channel! :)

[@RaymondKeen.]

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

[@nicolasbenson009]

You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.

[@nicolasbenson009]

You can employ another adviser, but Margaret Johnson Arndt is my one who provides guidance. She has years of knowledge in the financial markets, and her approach has worked for me in the past, leading to my success. She offers points of entrance and exit for the securities I prioritize.

[@daveblackman816]

People finally realized that hotels are a better deal. No one wants to pay $3k for an old dirty condo that was barely cleaned and has a million rules.

[@bns434]

They were cool and trendy until you realize it’s 1700$ for two days

[@Striker50_]

Hotels don't give you a private pool with multiple convenient parking spots and a generous kitchen

[@daveblackman816]

@@Striker50_ yeah airbnbs give you a dirty private pool with a dirty kitchen with old appliances lol.

[@Striker50_]

@@daveblackman816 Sounds like a generalized blanket statement

[@daveblackman816]

@@Striker50_ so was yours lol there are plenty of hotels with nice kitchens these days. You sound like an Airbnb owner.

[@mattm597]

I started using Uber because it was less expensive than a taxi. This is no longer the case. I started booking Airbnbs because they were less expensive than a hotel. That is no longer the case. There seems to be a natural evolution of these alternative-to-the-establishment companies. They always start off on the side of the little guy, providing a cheaper alternative to the behemoth corporations.......and then people start getting greedy.

[@Actll]

I’ve noticed the same trend in many diff markets and industries…

[@BruceLee-xn3nn]

GOOD...I'm tired of this screw everyone over crap.

[@sl123sl]

the cost of an Uber is ridiculous

[@itechfive240]

They started out burning thru investor money and low-rate money now that's drying up and they need to make a profit.

[@hvaball150]

Same other said... Subsidized by investor money to gain market share... But then it turns out a new Lincoln SUV costs more than an old Crown Victoria taxi.... who would have thought...?

[@eddiethealien]

A buddy I used to work with in sales once told me a motto to live by.. "Pigs get fed, but hogs get slaughtered"

[@justanotherbigdude]

Hard to feel sorry for them when they are part of reason prices were driven up to ridiculous heights...

[@MichaelBordenaro]

Absolutely

[@p.chuckmoralesesquire3965]

yup why would anyone feel bad for these scammers

[@AmandathePandaBooks]

The noise, the drugs, the problems!! The police have been busy in those neighborhoods!!

[@cherlgolja5402]

I hate B & B no maid service ! There way over priced!!!

[@KD-_-]

Yep I hope they go into foreclosure distressed selling could save the market

[@bruh_hahaha]

I think the novelty of AirBB has ran its course. I’ve stayed in over a dozen of them in my travels over the last few years. My partner insisted we use them over hotels. They are definitely hit or miss and when they miss, it’s BAD. Ruins your vacation. From now on it’s hotels only us.

[@MichaelBordenaro]

For sure

[@jerrynguyen9895]

@@DonLicualayou talking about Shelby Church?

[@p.chuckmoralesesquire3965]

That and I think we kind of figured it out- turns out that the great business master-minds of the past 20 years weren't really so much smarter than everyone else, and not only did they not earn their countless riches handed to them from mommy and daddy, they just happen to have a few mil laying around during the time of 0% loans and now that that fantasy is over, they are revealed to be a total house of cards. And we have no choice but to ride the economy that they crashed with them.

[@tonyle3818]

I have never had a good experience with AirBNB stays.

[@GirtonOramsay]

They can be useful if you have no standard but to save money. I have had mostly decent experiences with rooms in a house that the hosts actually live in. The prices are usually $40-70/night, so much cheaper than hotels. Works good enough as a solo traveler that doesn't always want the hostel experience

[@jacksfrost8467]

We went to buy school supplies a few days ago. $7 for a pack of post-it notes, $12 for a generic 3 ring binder. We are in trouble people. Still bought it because my kid needs this garbage. Safe travels Michael

[@RealLifeFinance]

Thank u for calling schools supply garbage

[@barjer54]

I always buy my yearly calendars and usually pick up one of their cheap calculators at Dollar Tree. Was at one near me last week with no problem getting what I wanted. Yesterday that same store was closed with a sign that said "temporarily." Another sign of the times? Scary! As I was leaving a 40-ish guy with four middle school - high school age kids showed up and was visibly upset the store was closed.

[@petestanton1945]

tariff-only fake tradewar w China was only good for the elites that launched it

[@kimfm2713]

I know! I couldn't believe how expensive school supplies were when I took my kids shopping last month. Yikes!

[@marcinsobczak2485]

Amazon or other Chinese shops should help a lot. I work in retail and I don't hesitate for a second before buying online from China.

[@nathanielcarreon5634]

Never like the idea of staying at somebody's house.

[@carlosv.7970]

my last airbnb got filled with cigarette smoke from the unit down below, stayed there with my 4 kids and wife for 5 days, the train went by twice every night and a broken sprinkler spilling water higher than the Bellagio at 2am, NEVER AGAIN AIRBNB

[@thejimd]

Nothing warms the heart like tales of professional AirBNB'ers and RE investors getting their asses handed to them. Cheers!

[@jimmywalters3071]

I have a short term rental condo and my cleaning fees have gone up 50% in the last few years. The cleaning co. hardly cleans good and sometimes they don't show up. I pay $110 to clean a condo after each stay... I have to pass this fee to the customer. Some renters don't understand that this is not my profit but goes straight to the cleaning Company. The cleaning co tells me they have a hard time finding people who are willing to clean condos.

[@robertaturk]

Remember the days when Airbnb was about staying in someone’s home! It was as terrific - got to know the locals and the culture and wonderful places to go. Like an extended family. The adventure and fun is gone - just 4 walls.

[@msingleton]

“Who pays $50 for tiny bottles of body wash.” 😂 This is why I love this channel. You get the smallest yet still relevant details.

[@ShepherdforK9S]

They are just trying to prevent guests from taking them home, so that they can refill/reuse for future guests. It’s a preventative cost-cutting measure

[@theboringchannel2027]

detail - it was $25 for a bottle, not $50

[@mattm597]

For some reason, we have this mindset that if something isn't "digitized," it is somehow outdated, inefficient, and obsolete. EVERYTHING has to be electronic to some people. The digital license plate made me think of a conversation I had with someone a while back. A person I know knows that I love to read. So, they asked me why I haven't gotten a Kindal. My response was what the heck is wrong with paper books?!!

[@MichaelBordenaro]

I know!!

[@seameology]

I bought a Kindle ten years ago, used it a couple years. I'm back to books. Books don't have to be plugged in and charged.

[@mikemorgan8646]

Hey Michael : I used to live in a condo community called Southern Pines of Winter Garden, Florida. I have available rentals in there as one of my hotsheets. It's an investor's dream. They have resort style amenities, an awesome location, and they even take Section 8, for crying out loud. Anyway, they normally have a line around the block of applicants begging to get in there. Currently, they have really nice 3/2's [3 of them-2 downstairs]; collecting cobwebs! The owners won't budge on the rent ask. They are getting killed every day they sit empty. I LOVE IT!!!

[@deanayer3822]

People like that can just twist in the wind - the hold outs insisting they deserve a payday long after the bubble has burst are just embarrassing themselves.

[@MichaelBordenaro]

I’m not surprised. The days of being able to charge these exorbitant rents are coming to an end same thing with house prices

[@conniesaratoga3194]

Who knows if they are just gaslighting on the displated original price, to try to psychologically make someone think they would be getting a great bargain if they rent that Airbnb??

[@andreaberryman5354]

Thanks for the share. 😂 It is a HOME, but these folks ARE home hoarders!

[@andreaberryman5354]

​@@deanayer3822😂😂😂😂😂

[@lowbloodprsure]

Ive seen airbnb go for $75 a night but $208 in cleaning fees and other BS fees.

[@infocision777]

I've noticed hotels are starting to slash prices too. Stayed at a Hampton Inn yesterday that I booked online for $88 (taxes included). Usually this chain for 1 person would be around $190- $225 per night.

[@mattrandall1808]

Back to 2011 prices

[@MichaelBordenaro]

Every hotel basically that we stayed at along the road, we got very good deals at. Staying in the suites for 150 a night on average.

[@siouxrose7766]

Depends on the month. NY prices are reasonable now but double in October.

[@diy5729]

@@MichaelBordenaro We are going on vacation in Cape Cod last week of September. Friend of ours got us an airbnb because he is the accountant for the owners and i guess they owe him favors lol. Originally we were planning on renting hotel room, which actually are alot more friendly and not expensive at all. Previous airbnb owners removed AC from windows even though it was still hot as hell outside in October, that did not go well with my husband. Next day the AC units were back in the windows. Better off staying at hotels, consistent, cheap, 24/7 drinks downstairs in the bar/coffee shop for free, free everything you can eat breakfast. Cant beat that.

[@TWLogik]

It's the competition but more so less people traveling, changing laws, and folks squatting.

[@matrixfree3480]

The Air B&B room will advertise say $ 200.00, per night, but when you go to book they add upwards of $75.00 a day cleaning fees, then taxes and booking fees. Hotels are a better deal most of the time.

[@MichaelBordenaro]

Yep

[@keithtauber4153]

I used to rent cabins in the Smokies and they did the same thing. Quote you a per night price, then take on a stupid high cleaning fee, an owners fee (whatever that is) and tax, and if you have a pet a high unrefundable pet fee, it pushed the price up quit a bit over what you were quoted. Sites like VRBO are some of the worst now. The fees they add are insane. I no longer do this.

[@grlfromtx09]

exactly!

[@Notmynamestupid]

I’ve never used an AirBNB simply because even though I’m a thorough reader, I straight up don’t trust AirBNB hosts. Especially now as things are getting tight, I don’t trust them to not tack on weird fees just for an extra buck.

[@NormanAllan53]

Family from up north told us today they found a discounted AIRBNB in Sarasota ,FLA . 4 weeks starting the third week of November. 4 weeks, luxury gated resort , 3 bedrooms, heated pool,spa and on the beach.. One month ago they wanted $5,500. Yesterday, the same condo owner dropped the rent to $2200 as they had no snowbirds wanting to rent for the winter months.

[@MichaelBordenaro]

Wow! That’s a really good deal. They should know book it

[@RealLifeFinance]

Heck yeah $2200 for a month sounds deightful

[@tolikfox007]

Because its offpeak season

[@reneevaradaraj7040]

This explains why an airbnb host just stole $360 from me. This ended my long relationship with airbnb.

[@patriciavandevelde5469]

How did he steal from you? I boycott airbnb since a while!

[@xNevlosx]

Matt Risinger thought he could film in SF and was immediately robbed. Stay safe and stay out.

[@dominicktricozzi1221]

Michael, I’m thinking that you and Lizzie should started a channel where you travel around the United States and talk about real estate full-time that would be so sweet

[@MichaelBordenaro]

I’m already kind of doing that, but Lisi will not participate in that lol

[@jeffcauthon7639]

The American consumer debt picture 12.5 trillion in home debt 1.5 trillion in student loan debt 1 trillion in credit card debt 1.5 trillion in auto loan debt Not counting medical bills or other payment plan items No small wonder AirB&B is a bit lean right now.

[@jeremyedwards1427]

I have 250$ in dept. I overdraft my account. When my overdraft protection is paid off I transfer all my money out of my account. Overdraft then transfer my money back. It's the only open line of credit I have to help my credit score. I dont buy anything unless I can pay for it so I'm not in those numbers 😂😂😂

[@danielfiore8865]

The number one reason I dislike Airbnb is the cameras. Its one thing if you're on camera at a hotel because the security sees hundreds of faces and gets paid to monitor the cameras. An Airbnb owner is just nosey and worried about their investment...so you know theyre thirsty for every second of footage and probably audio too which may or may not be legal. Its just plain creepy. Same with small apartments and some creepy landlord.

[@DAD_979]

I have 3 in Myrtle Beach SC. I haven’t dropped mine a bit and booked way out. Not like this everywhere.

[@MichaelBordenaro]

I know it’s not like that everywhere. Also, some operators are way more in tune with market rates and do their homework and don’t have to fix this issue.

[@RealLifeFinance]

Congrats

[@gc-l.a.6024]

Thanks! Your insight and honesty is appreciated.

[@Lisithedogwalker]

Thank you for your generosity and to supporting his channel!🙏 ❤

[@MichaelBordenaro]

My pleasure, thanks for the super!

[@drewsg3]

I just saw a listing on Zillow for a house in Tamarac, Florida (A suburb of Fort Lauderdale) for almost a million dollars. My jaw nearly hit the floor, because there is no way a house should be selling for that range in Tamarac. It looks like some foreign investors bought for a quick flip and now they're struggling to sell it.

[@Logicalromulan]

If they are foreign rich ppl I hope they loose their shirt

[@valerierogers9609]

Foreigners shouldn't be allowed to buy RE here anyways.

[@SomeUserNameBlahBlah]

Hopefully they lose the house and everything else.

[@TV-xv7bn]

I remember days when Tamarac wasn't even considered an option if you live around Miami. It sounded like a swamp. $1 000 000 for a house there ? I hope they lose a lot of money on it. Greedy out of state people made unaffordable our Florida housing market for locals...

[@evitarudzite2632]

Finally - Airbnb prices have been way too high! And many places were not even that nice. Plus, kids just returned to school.

[@buffetline2605]

Owners need those high prices to pay the mortgages. It’s gonna help crash the market! Love it

[@EvelinHolmes]

@@buffetline2605you say owners need those high prices? What happen if it stays empty for a few months? I rather have loyal renters than the constant coming and goings of strange people .

[@Commonsenseisnotcommon8]

I don’t think they were trying to sell their shampoo and conditioner, that was their polite way of telling you. If you take it home with you. They’re going to charge you $25. 😂That’s why at Disney World they have all the shampoo and body wash locked up in the shower. Even at the deluxe resorts. I used to work at a resort, and the amount of stuff that people try to take home with them for free Is ridiculous. I stop using air, B&Bs, because all the fees are outrageous. I would rather stay at my favorite hotel chain, And collect my membership points. Plus get a free breakfast. The last time I stayed at a residence Inn by the Marriott. I got a full kitchen. A nice updated room, maid service, and they even had free hors d’oeuvres around the pool from 6 to 8 most days. $125 a night. Signed me up!

[@daboyup2nogood]

The smart ones got into it and have gotten out already. It's always the ones who get in late after seeing other ppl are the ones losing it all.

[@MichaelBordenaro]

That’s right

[@lovethemflowers]

Wow, Michael! Happy to see how close you are to 100,000 subscribers! Waiting for that big day!

[@marias9221]

Hi Michael and Lisi, It’s very sad what the government policies have done to destroy one of the most beautiful cities in USA. I don’t even go to San Francisco to visit my relatives because of the theft and filth on the streets. Market Street has lost many stores due to theft and homelessness. It’s heartbreaking 💔

[@Lisithedogwalker]

Really sad Maria!🥲

[@gsftom]

Was in SF 4 years ago. Rental car got towed and it cost $750 to get it back 2 hours later. Not cool 🙂. Used to love SF, but not going back.

[@neverdown222]

Airbnb owners have always slash prices from 20-50% when you stay a whole month. Nothing new here folks, if you don't know now you know!

[@minkya1010]

Other issues besides the price... I stayed at one recently and the neighbors hated the fact that this house was being rented as a Airbnb (understandably so) If you stepped a foot over the property line (which wasn't clearly marked) they would send the owner an angry message. It just added a level of unease...

[@MichaelBordenaro]

Oh wow.. that would be pretty awkward

[@minkya1010]

@@MichaelBordenaro yes, they had cameras pointed down both sides of the house. I was told we'd be escorted off property if it happened again. (My young niece had crossed the line by mistake)

[@MichaelBordenaro]

@@minkya1010 i’m sure that’s not helping the reviews of that Airbnb

[@waker1776]

Living in my owned house surrounded by Short term rentals is a nightmare.

[@minkya1010]

@@waker1776 Believe me, I wouldn't want that either. It's also making rentals for locals much harder

[@SilverCpa]

Mike just seems like a good dude.

[@edge918]

I've been following him for about a year now. He's very cool and knows his stuff 🙂

[@deanayer3822]

I think a lot of Air BNB houses can t even cover their costs at a normal rental rate so they are going to have to sell those ones outright.

[@PhuongMalkin]

In Reno, no more permit issued for short term rental.

[@Juliet875]

Happy Monday Lizzy and Michael! Almost 100k!!! Airbnbs are in trouble. More Inventory coming to the market and we need it. Driverless Car - No Thanks!

[@MichaelBordenaro]

Happy Monday, Juliet! Almost there!

[@10indians1]

Here on long island nobody has money but million dollar houses are selling like hot cakes, friggin strange!

[@johnwade3476]

There's tons of inventory my God whole subdivisions sitting vacant all over the country

[@metrocaptain]

Good stuff, Michael. We almost though it was a good idea to get in on the AirBnb craze. Now I'm glad we didnt! Short lived!

[@RoyalDiamondHipHop]

Depends on the area . Areas that attract a lot of tourist are fine . Suburb areas went down cause most don’t allow parties anymore

[@MichaelBordenaro]

Me too looking back it was probably a good decision not to get into it. Oversaturated and with the prices of places today it’s hard to make a profit.

[@ihave35cents95]

@@MichaelBordenaro there you go again keep all your listeners poor. They don’t call this to doom and gloom channel for nothing.😂

[@gabrielw7773]

Homebuilders are taking it on the chin. They wouldn't be dropping prices and offering 4.25% home mortgages out of the kindness of their hearts and if Buffet tells you he is buying he is usually selling just like he said he was selling Airlines and some banks right after the 2020 crash and we went straight up. He was buying.

[@MichaelBordenaro]

That’s right

[@factualbreakdown3072]

The fees tacked on to AirBnB's are a deterrent.

[@aaron___6014]

Theft/loss prevention

[@7DOLLABEATS]

In regard to the digital license plate. If it's connects to WIFi the DMV could send a signal to the plate that turns it BRIGHT RED when your registration expires 😂😂😂😮😮

[@ToshiTalk]

I offer complimentary snacks, water, coffee, bathroom soaps, shampoo, everything you’d want. I go above and beyond for my guests and I’m always 95 percent occupied

[@MM-ig2zq]

Colorado single family home besides the rent they charged $40 resort fee and $175 cleaning fee, Daily. Crazy.

[@PhuongMalkin]

Usually they only charge one cleaning fee for the whole stay. In my opinion, if you do not need to stay for a week or longer, it does not make sense to stay in airbnb.

[@MM-ig2zq]

@@PhuongMalkin well it was daily. Also daily the resort fee for a single family home. Will never stay in one of these.

[@danishhussain8046]

We paid $1k excluding taxes for 2 nights in Poconos Airbnb last month for 10 people. Definitely not worth the price. One could buy a house there for $200k. They had cheap dollar tree liquid soaps for dishes and bathrooms. They claimed 5 bedrooms and 2 baths but in reality half of the house was in the basement with mold everywhere.

[@RealLifeFinance]

Ugh

[@noreenn6976]

Ugh. Hopefully you left an honest review so others would know about the mold.

[@patricia7792]

Hi Michael & Lizzy! Valuable information on the Airbnb's in the San Francisco area. Also, Lizzy there are quite a few cute puppy dogs on your tour!

[@Lisithedogwalker]

Thank you Patricia!!🤗 Yes, lot’s of cute doggies, I always really happy!!!🤍🐶😍

[@eugenefirebird8938]

Sellers are thinking that interest rates will be coming down to zero again. So they are holding properties until that happens. They are going to have to learn the hard way.

[@EclipseEditzx3]

Right.. they are just holding for the interest rates to come down but fed is walking a very tight rope this time. Next time it will not be inflation but hyperinflation that they have to deal with. It will get ugly either way

[@hvaball150]

Sellers will so 0% Fed again... You're being silly.

[@MichaelBordenaro]

Yeah, that’s gonna be a hard lesson learned

[@PhuongMalkin]

People do not want to sell their house to move up or downsize because they do not want to give up their 3 % mortgage for a 7.5 % mortgage.

[@hvaball150]

@@PhuongMalkin I doubt the rate would be a major concern for second time buyers. This wouldn't keep me from downsizing. As I wouldn't have any mortgage potentially. It could be 1000% interest rate, just saying.

[@shauntaprahamian3142]

what a beautiful little town. I feel like you've really hit your stride with these videos, and I will try and keep an eye out for any articles I think you might enjoy to discuss. The charts, the Zillows, visual aids, etc keep moving these articles/stories ahead. Love seeing Lizzy on these walks with you as well. Also - congrats on 100k subscribers, I think this is just the start.

[@edwardgeezil3318]

As far as motels. In Massachusetts, they just filled them all up with refugees paid for by the federal government. That’s no joke.

[@DiFinni]

Great video. Omg, that shack/house. Can't believe someone bought that place in Miami for $140k, no way. What were they thinking, terrible.

[@1Skeptik1]

Michael is correct, the Air BnB market on my turf is saturated. I own a clean and renovated 2/2/1 with a fenced yard about 1 mile from the beach in Hudson FL. I gave the STR business a 4-month trial run and quit. After paying the insurance, taxes, utilities, fees, and cleaning I was no better off than a LTR. Fortunately, I have strong hands (my house is paid for) and the support can be a hassle. 80% of my guests were great, 10% found something to complain about and 10% were looking for a free ride. It was an interesting adventure and an education. At the moment I have a Visiting Nurse and family there for a 16-week stay. They are nice kids and good tenants. But I plan to go back to LTR when they vacate. For what it is worth?

[@brianjohnson9473]

You are doing a great job. I. Don't look at the TV news anymore they just lie.

[@parler8698]

Hotels come with on-site staff. Love it!

[@lifewith9cats153]

It seems like real estate might be starting to change. I watch a few markets very closely via Zillow every day sometimes multiple times daily. Today, I noticed more new listings and more price cuts showing up throughout the day. It could be an anomaly but I'm cautiously optimistic that prices will continue to fall and inventory will rise.

[@MichaelBordenaro]

All we can do right now is keep watching, but I think the current economy and environment is not favorable for prices to continue to rise

[@andreaberryman5354]

Me too. I watch it all the time even though I own. Also seeing price cuts, but SCARY part is investor-bought homes are just SITTING with no takers, STUBBORNELY REFUSING to drop them. They are refusing to accept NOBODY is going to buy an ugly "updated" place with bad work, no permits pulled, definite hidden cover-ups, and code violations for $200k MORE than purchase price. Not yet willing to accept REALITY yet. People are opting for motels, shacking with family and the streets over being ripped off. So hold tight-it IS coming. You be stubborne right BACK, eh? 😂❤

[@p.chuckmoralesesquire3965]

Maybe a little bit but really we should make AirBNB's illegal and jail all of these flunkies immediately. Hurry before its too late.

[@carolbagwell6769]

@MichaelBordenaro I think this is the 1920s repeating... I think we are repeating the 1920s crash. See..its exactly the same as today.. "Several factors contributed to the 1920s housing boom and bust. Rising incomes and improved credit availability led to more people buying homes, which drove up prices. At the same time, speculation played a role as investors and construction companies began buying properties intending to sell them at a profit. This created a self-reinforcing cycle in which prices continued to rise. Eventually, however, the housing market reached a point where demand could no longer keep pace with prices, leading to a sharp decline in values. This led to widespread mortgage defaults and a wave of foreclosures, exacerbating the problem and causing the housing market to collapse. The stock market crash of 1929 then sent the country into a Depression". The "1920s prices reached their highest level in the third quarter of 1929 before falling by 67% at the end of 1932".

[@yumikumi2]

Back then there were long term rentals being turned into Airbnbs left and right, now those same Airbnbs are slowly being turned back into long term rentals. Guess this event is going full circle.

[@carmencsorba8153]

Tiburon is one of the most beautiful place around the Bay Area. Enjoy your visit!

[@MattSchuster2565]

Holy crap! I went on a 7 day cruise in the Bahamas in 2016 and it cost me $5000k for 2 people! Now it costs more than that to rent a B&B for a month? 🤢

[@rustyscrapper]

Putting price tags on commonly stolen hotel items is reverse psychology so people dont steal stuff. Also gives prior consent to charge credut cards if people take stuff.

[@conniesaratoga3194]

Extremely stupid since they have to throw out any opened containers, even if you only used the shampoo once, which is wasteful. And since they have no way of knowing if you did or didn't open the bottles (unless they have in room cameras...) they should just include the cost in your already overpriced room bill, and not cause the ill-will feelings they are creating in their customers over such a small cost item! They should nail down the TVs...but not sweat the small items!

[@RealLifeFinance]

Exactly what I thought. It's to stop theft

[@cmo_rocks]

My thought as well. Better read the fine print. They do it for stocked drinks so why not expand the idea. I can't blame them but as a customer I would be suspicious. Most hotels are using full size now and locked down in the shower or on wall. It's a great idea. Reduces lots of waste.

[@TommyZ-85]

I’ve used airBnB a few times. But in my experience, who wants to clean and worry about all the rules when in a hotel you have little rules as long as you act like a human being and they pick up and do the beds for you. Specially when on vacation. Who wants to be cleaning up and picking up.

[@cruzkevin]

So close to 100k Michael! Almost there! Well deserved, and then some!

[@Spearadica]

Lovely couple living the fullest💗

[@dcbc991]

Speaking of fees, attempted to rent via VRBO a home for a 3-day stay in Charleston, IL. Agreed on the price and terms then went to pay and the owner wanted a $5000 cash damage deposit refundable at their discretion. Umm...sure.

[@jimshoe402]

U know I had that in SB $60 a nite and Paid Back in 10 nites after ?? Then looked at others same thing a Scam. Hotels but WTF !!! No Go Zone now😝😝

[@FamousWolfe]

Sounds like they're just looking for an excuse to keep all that money. As in they will legit *look* for the tiniest reason to screw you over. You made the right call by backing out of this one.

[@kimberiysmarketstrategy]

My AB is doing great, but I have a very specialized place. Some mondays my nights go for 250 though. I have to be willing to rent for much less. Sometimes the damage is very high too. I just got used to billing AirCover & not allowing any partys. I have strict rules and micro manage my place, I don’t charge cleaning either. It’s working out but it’s a full time job.

[@theodoregibbons4615]

AB&B only works when there is an attraction, i.e., sunshine, warm temps, golf, beaches, swimming pools, outdoor art shows, etc. for three months in Florida when there is snow and cold weather up north.

[@kjkuchma]

8:21 Kids are back in school, so fewer people/families are traveling could be a factor too.

[@crazykev5]

I went to San Francisco once. The nighttime Alcatraz tour was awesome. A car was broke in next to mine. I had $1k of backpacking stuff in my truck. Got lucky. Did the JMT! Great trip

[@koffee3336]

Great vid with S. Walters, Airbnb owners not using research, data or basic human emotions with their ridiculous prices and inflexibility have done it to themselves. "I'm just gonna open an app and go into debt to become rich" Trying to rent in Europe was crazy b/c of them but now balance is being restored! And they now have to get rid of property they never should've owned at a massive loss.

[@mrbob19561]

Why do we need driverless vehicles. Never can figure that out..

[@therealestake]

Before real estate investing, I managed hotels. I heard so many stories of dirty accommodations and nickel-and-diming at the BnB's that I never had the urge to try one. These are first time investors jumping into the hospitality business and thinking it's going to be easy money with no more time or effort than a long term or medium term rental. WRONG.

[@bonniefells7585]

I live in Marin county and there are not that many Airbnb's. People in Marin are very protective. My friend owns a really nice one in Mill Valley. Her Airbnb is really nice, the market is softening. She owns others north of San Rafael in Sonoma County. They are looking at other business ventures. Wow, Marin Suites, unbelievable, my hood.

[@IndigoStarrAz]

Might want to get to get down to Sams Cafe on Main Street and have a meal overlooking the bay. Ya, take the ferry to SF.

[@IndigoStarrAz]

One of my favorite scenes out of the Bourne Identity was when the CIA identified where the hacking was coming from, and they sent in the drones to blow them to smithereens.

[@canamrider07]

Digital license plates can flash different messages. They can display amber alerts or your car can be tracked if it gets stolen. But they also can get “hacked” and your your personal information could get stolen.

[@noreenn6976]

Michael, visit Marin Headlands, then walk the Golden Gate bridge. Limited parking, get there early. Amazing experience!

[@timmartin723]

Airbnb looks cheap until you check out. You added the cleaning and booking fees it cost way more than hotel.

[@animeking801]

Florida is also working on starting the Digital License implementation (from what I have read on the Florida DMV website while renewing my registration). They say it is an effort to streamline the process of registration and reduce the material costs in the long run. No more paper mail for registration and no more metal plate stamping. I am personally not a proponent for this seeing as the traditional plates themselves are not commonly replaced and the registration stickers don't consume much paper at all, but I can understand their disposition - I just don't agree with it. I can see TOO many things going wrong with those digital plates.

[@FamousWolfe]

Digital plates will absolutely get stolen--ripped right off your vehicle--and then sold likely for drug money to people running chop shops that will break down the plate for rare metals and sell them at a profit. Seriously, digital plates is STUPID.

[@ColdPotato]

One thing I liked about them was being able to stay in somewhat remote areas. But in hindsight I see it doing more harm than good. It results in construction in remote areas for housing that is not used for living, but purely commercial. It then drives up prices raising taxes on people living in such areas that don't make a lot. It actually causes gentrification in remote/rural areas.

[@marilynh5487]

First time listening. Love ❤️ it.

[@Lisithedogwalker]

❤❤❤❤

[@mattmason7554]

Their good for families. For a couple hotels are cheaper. Marriott rewards are a great option.

[@k8schmate]

Regarding taking the tiny hotel shampoo and conditioner bottles home for $25 a pop: the hotel knows that people are not crazy enough to willingly do this; they understand that Americans for years have operated under the assumption that those are free amenities, we’ve been tossing those in our luggage for decades - they posted a sign about the price they are hoping (betting) guests won’t read, which covers them legally, enabling them to bill people for any missing bottles after checkout.

[@moneymatt9880]

they put the $25 on there so if one goes missing they charge you.

[@MichaelBordenaro]

Yep

[@DiddyKatt]

😂

[@carl9901]

in a lot of counties it's no longer legal. If you see just a handful in a whole city it just means a few people were able to skirt the system. Monthly discounts or weekly discounts are typical, that's why it's significantly slashed when you hit that 30-day mark.

[@ZXX984]

If I could just mention a few things. Being a former New Yorker before moving to Florida as you know we have snowy winters in the mountains that attract skiers from all over. A friend of a friend has an air BNB an he does very well for ski season, say November to at least early April ( there is machine made snow too). He is constantly booked and these people pay top dollar. Back to what you were saying Michael about air BNB’S now, will the same hold this winter?🤔 Whenever we traveled, we used motels. We were only there to sleep and shower or use or camper when we had it. In the future when we travel to NY, friends have offered for us to stay with them. Obviously I insist they take some compensation for allowing us to stay and taking us places including airport. You were mentioning Micheal Zillow? Have you ever checked out Trulia and Movoto? I think they list more information on the property for sale than Zilliow. I think I’m right on this one. We have no plans on going back to NY unless something drastic happens and we have no choice. But I do browse listings in my old area to see what properties are selling for. Thanks Michael for valuable information on this topic. 👍

[@RealLifeFinance]

The other crazy thing is Movoto seems to show many more houses available. I find that weird

[@Dee-w5y]

Home values at declining YoY. This trend will continue for over a decade. Home values in both Florida and Massachusetts are declining rapidly.

[@cy6060]

On Airbnb, I always contact the host first and say I will rent it for a low ball offer like 30 to 40 percent off and a lot of times they do it because it will be vacant otherwise.

[@jimshoe402]

My Docs $10m I can get for Free if not rented 🥰🥰🥰

[@mikesrandomvideos]

Tiburon is really beautiful. Lizzy looks so happy to be walking with you. So nice and cool.

[@MichaelBordenaro]

It is beautiful here. So glad she can take some time off and enjoy the area and the weather before going back to work in Miami.

[@mikesrandomvideos]

in the heat yea. I have been to both areas. worked all over north bay and Miami area....and many other places. .@@MichaelBordenaro

[@lakelvp]

I've been traveling around California and the west this year and finding lots of empty units. Owners are willing to negotiate on weekly rates. I spent a week in Berkeley, CA and offered $500 for a week and had many takers for furnished apartments and ultimately got a small house for less. Airbnbust seems quite real.

[@robinafrica3456]

AirBnB operators now have a 16% charge which has been passed onto customers…. Yes, prices will drop.

[@mikem4432]

You are right.. renting for now is the way to go, as it IS CHEAPER than BUYING.. that is upside down..

[@irfaankalamadeen9823]

Yup... same here in Florida.. Im getting 2 to 4 bedroom beach listings for $100 to $120 per night that were previously listed over $300

[@user-mr9up4vt4j]

It's common to offer 50% off the regular price for a monthly stay. Not necessarily a fire sale.

[@silvermaiden77]

HI Mike. sorry i have not posted comments for a while. Wrapped up in Maui thing. I was airbnb operator in LA and i have a good tale to tell but will do it later.

[@F4URGranted]

I moved to SF last year, just make sure that you dont show ANYTHING in your windows. Thatll make it much more likely that you stay safe, i havent been broken into yet and i got my car new

[@Mauricio_EPM]

Nice Info. Regards from Europe. I hope this arrive here too, ASAP, because the LTR pricing is crazy.

[@grlfromtx09]

noticed airbnbs (superhost) were pricer (after cleaning fees etc) then nice hotels as well! we only do airbnb if something nice is significantly less but we’ve been opting for nicer hotels.

[@ag4allgood]

Nice to see Lizzy again while you walk. Air BNB places - never stayed at one but then I really don't travel that much. The home owners doing this must have a low Profit Margin right now. With property taxes going up all over that alone would eat into any extra Profits. No thank you. Renters are not going to be careful in your property either so if you make them put a security deposit down too - your really narrowing your Business clients down.

[@coding7196]

There are folk who really raid these hotels for the shoe-shine kits and the shampoos and so on.

[@dennislewis6097]

Digital plate - automatic renewal. Pay renewal fee online and plate's expiration year is automatically changed, rather than waiting in the mail or at a counter for a sticker to put on your tag.