The Dark Truth About Airbnb

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The INSANE Story of Airbnb - By MagnatesMedia...
Airbnb should never have worked. The CEO (Brian Chesky) knew nothing about business. The idea of Airbnb had basically been done before, and Airbnb was actually illegal in many cities. Even Airbnb's founders didn’t think it would work! And yet, despite everything, Airbnb has become a billion dollar company, and one of the greatest business success stories of the digital age. They’re the largest accommodation provider in the world, yet they don’t own any real estate. So… how did they do it? Welcome to the INSANE story of Airbnb!
The story of Airbnb is slightly ridiculous - it started with Airbnb's founders renting out an air mattress in their apartment to make money, and then making cereal (Obama O’s and Cap’n McCain's) to get out of credit card debt. The history of Airbnb is full of controversy, twists, and useful business lessons for entrepreneurs.
And it all began when Brian Chesky and Joe Gebbia were on the verge of getting evicted from their apartment. Rent was due, and they were broke. Their unfortunate circumstances would lead them to creating Airbnb, one of the fastest growing businesses.
But as well as looking at the INSANE Story of Airbnb, we’ll also look at Airbnb’s scandals, Airbnb vs governments, how Airbnb broke the law, how Airbnb dealt with the pandemic, and whether Airbnb is ever actually going to be profitable...
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⭐ Topics include business, money, marketing, success & more
🤵 Written, voiced & produced by John Frazer (Creator of MagnatesMedia)
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⌛ Chapters:
00:00 Intro
00:30 Chapter 1: Unemployed
05:41 Chapter 2: Cereal
10:49 Chapter 3: Momentum
14:44 Chapter 4: Crisis
17:34 Chapter 5: Illegal
21:16 Chapter 6: Pandemic
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🟪 The Untold Truth of Instagram: • The Untold Truth of In...
🟩 The Illegal Rise of Spotify: • The Illegal Rise of Sp...
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Thank you for watching this video on Airbnb's story. I have plenty more business mini-movies like this on my channel if you want more crazy business stories. :)
PS. Wanna make videos like this & have me help with your channel? Check out my KZbin course for entrepreneurs: magnates.media/youtube

[@MagnatesMedia]

“Rumours of my death have been greatly exaggerated”... Hey guys, John here - good to be back! Sorry for the wait. I’ve been working on multiple videos at the same time the last couple of months, but that means I should have a couple more long documentaries ready for you very soon. And I figured a good one to start with was the crazy story of Airbnb… hope you enjoy! 😁 Also, a huge thanks to Brilliant for sponsoring - you can try it for FREE at brilliant.org/magnates - Brilliant make learning much more fun and interactive, and you can learn some genuinely really useful skills on there. You can test it out for free with the link above, and it helps support this channel too :)

[@davidangelo4018]

Glad to have you back, do you have 'business video essays' in your membership subscription, any exclusive content?

[@luffy9128]

take ur time these video take long time to make

[@mehul6275]

Fucking brilliant video, love from India.

[@demorbe-official]

Glad to see you back

[@TillBarkley]

Thank you for your great videos!

[@MrMarkOlson]

AirBNB was a great thing when people were renting out their own homes on a part-time basis. Once investors began buying up multiple properties for the purpose of being full-time short-term rental properties, it was disastrous for communities.

[@toreadoress]

Sadly that's the problem with pretty much every new ideas and businesses. It starts as something better, more convenient, hip and different from the rest of the corporate world or even against it which attracts people because people are tired of the same corporate models until the big investors come in when they see there is money in it and they make it basically a copy of the rest of the corporate world. Even KZbin became something that works in favor of big corporations, advertisers and mainstream media instead being for the people and alternative to the mainstream media as it was created for. The problem is there is never a balance, ideas are needed and investors are needed to sponsor these ideas, but after some time the balance is always broken and becoming another corporate machine.

[@mechamicro]

Agreed

[@mechamicro]

It can be fixed by applying a limit quota based on how the property cost has increased. Also double check down to detect greedy investor with 10 properties or more.

[@fresagrus4490]

Those "but AirBnb used to be good" posts fail or do not want to see the point. AirBnb would never become a large company or even survive if not for industrial scale owners mopping up properties and providing a massive supply of beds. It was part of the plan all the way. Contrariously to their PR babble, it would have been extremely easy and simple to block professional renters from the platform but they won't do it until authorities are able to enforce such bans. The "homesharing" crap has always been a stunt to make "conscious" hipsters more happy to consume their product.

[@gautamraj6911]

@@toreadoress wel if people can make money off of youtube then airbnb aint so bad, atleast airbnb give room which is tangoble but youtube just makes you waste your time of boredom

[@gamerville2728]

“I’m an entrepreneur “ “No you’re unemployed” Origin story of every self made billionaire

[@Jane306]

😂😂😂

[@thinkbooth]

Sometimes I watch your videos not because am interested in the topic but because it feels like a movie and just 30 seconds in am hooked already. Great storytelling and editing.

[@Dave_of_Mordor]

that's because he uses clips from movies 😂. i get what you meant though

[@lesegommusi3342]

true

[@orlandomah1186]

Sooo true

[@harmleyten4]

@@Dave_of_Mordor I just listen to it, but feel the same way

[@SandyWolf-]

Ditto

[@JAYFULFILMZ]

It’s crazy how a company can become worth $100 Billion in Market Cap alone while hardly reporting a real profit. Their owners & founders are worth more money on paper than their company has actually made! Wow!

[@tricivenola8164]

I've lived in Istanbul as an expat for 18 years. I've lost two apartments to Airbnb. I"m holding onto my present place until I can figure out if I have to leave the country, also thanks to Airbnb. The two guys who couldn't pay their rent have created this nightmare for many others. Here, rents have skyrocketed. Because of economic unrest, the dollar has multiplied many times in value. So we have more tourists than ever before. Professional Airbnb hosts rent the apartments for many times what normal people can pay, do all the repairs, and then rent out the place for Airbnb. The landlords love this. But our courts are backed up for two years, with all the evictions. Many people I know are being evicted. Most nice places are off the normal market now, all bought or rented up by Airbnb people. This is forcing Turkish residents farther and farther from the center of the city. Thriving, close-knit neighborhoods lose their local businesses to souvenir shops and cafes, the place fills up with strangers. If you live in an Airbnb building, your days are numbered. The Airbnb people don't give a damn about noise, trash or anything else. The worst ones are those who turn up their noses at a nice little hotel, rent an Airbnb, and blithely think they're experiencing "the real Istanbul" without realizing they are helping to destroy it.

[@vikrantkulkarni1241]

well said

[@smackddd3339]

Sounds like you need to get off of the Middle East bro.

[@abbyabroad]

I appreciate this. I love the couple who does the Our Freedom Years KZbin channel, but they didn’t mention or seem aware of this in their videos about Istanbul. I plan to start a long term journey around the world late next year and would love to travel in a better way. Is there any way to see local hotels that might be a better choice? Like in China and the Middle East, there are sites that locals use to find these kinds of places. Is there a travel site that most locals use to book stays?

[@bambinaforever1402]

I m a woman with money - never ever would i even think to rent from airbnb. 4 stars hotel not lower. People who can not afford a 4 stars hotel and higher want to travel too u know, and maybe they do not trust 2-3 stars hotel quality.

[@bambinaforever1402]

@@abbyabroad i do not know how about now with all those russian refugees trying escape the mobilization and invading turkey, but before hotels in turkey were very affordable and all right quality even the cheaper ones so i heard.

[@mikeg7062]

Just to clarify, Airbnb chooses 'not to be profitable' so they dont need to pay taxes. Uber "surprisingly" also doesn't make any money... millions people using the app, working countless hours with an app taking a cut from every transaction.... And not 'profitable' so don't need to pay tax?? Well played accountants, well played.

[@leonorhernandez7079]

Exactly

[@raulmartinez3484]

Airbnb could be out of of business as aspiring homeowners and renters get frustrated that there is no available long term housing in their area. My city banned it and nearly all neighboring cities either banned it or put restrictions on it. Not to mention, pressure from hotel owners will lobby to ban Airbnb.

[@Relsreallife]

There will probably be changed to legislation and new rules but short term rentals definitely aren’t going anywhere. It’s too lucrative and in demand.

[@Dr.Schnizzle]

I’m curious as to how many listings come from properties bought specifically for Airbnb. If Airbnb wanted to solve this, they could potentially have a limit of one property per host. I think they would lose a lot of money though

[@networth00]

@@Dr.Schnizzle Why would airbnb (or any company) hurt their business on purpose?

[@growthmindset848]

To whomever reading this: wishing you the best rest of your day/night! Remember, what we think..... We Become

[@orangeradishneo]

they need to be shutdown, since it'll take having every city they're in change their laws. I live in a small border beach town, population of 30k. at any given time, there's MAYBE 2-4 long term rentals available. the housing market as a whole needs an overhaul.

[@Bluecloudprod]

Sedona, AZ is the perfect example of an Airbnb town. Almost no local anymore. Entire neighborhoods are now Airbnb's. It's REALLY weird.

[@6424wen]

lol my Airbnb host in new York tried to borrow money from me to pay for her tuition!! she claimed that I would be getting my money back because her bf was rich!! hahaha 😂 I was like, if you have a rich bf, get him to pay for your tuition

[@mintheman7]

I just came back from a two-month trip to South America, so stayed at plenty of Airbnb. Unfortunately it is no longer a platform where people welcome travelers into their homes. A lot “hosts” are real estate companies that only care about the bottom line. You run into issues you won’t normally find in a hotel such as loud construction in the building, “amenities” the host listed don’t work, cockroaches, no heater in cold weather, etc. In some countries such as Colombia, hotels are better values than Airbnb after all the various “fees” the platform and host charge.

[@baylorsailor]

Ok, the cereal thing has left me confused. So they took another company's product, removed it from the packaging and stuck it into their own packaging? How did they not get sued when this came to light? Reminds me of John Cusack's character in the movie "The Road to Wellville".

[@damienflowers1800]

They never said what cereal they stole…. 😂

[@AwokenEntertainment]

your channel has become one of my favorite ways to learn things

[@TanyaLiu-li2dy]

It was my first time stayed in Airbnb in this October when I returned to Mississauga Ontario; unfortunately, I was scammed by the Airbnb host and guest, they set me up and booked a room under my account . When I realized that it was a scam and I reported this accident to Airbnb support team, but nobody were able to help me to get my money back. Ever since then I've lost my trust and confidence with Airbnb and have promised myself would never ever stay in Airbnb anymore!!!

[@bad_money]

Airbnb doesn't risk anything, they don't own the buildings, they don't have mortgages to pay, they only take a fee for renting space in your house. You take all the risk

[@elymanic3497]

just like uber

[@IsshouNiIkou]

In 2015 I stayed for a week in NY and I could only afford an Airbnb. The hotels I could find for the same price looked abandoned. For people on a budget Airbnb is great, cheaper than a hotel. It's no wonder why people choose them over hotels.

[@vikrantkulkarni1241]

true

[@janegarnham]

and for those who say the visitors ate noisy and don't contribute. I think that is a over genetalisation. Most visitors...short tennants...hotel stayers...tourists treat whwre they stay respectfully. People just remember those few who don't and extrapolate.

[@logical_evidence]

Brisbane city council has said to home owners if they’re with air bnb their yearly rates for services will double, the rental market is so tight because of air bnb .

[@giacomoculcasi6331]

I really don't understand why landlords who decided to give up long term letting in favour of short term have been refunded, they made a decision but they didn't face the consequences. That said Airbnb is a really useful service but at the same time the reduction in long term rents is a major problem, I am curious to see how it will be solved

[@dracorex426]

It's a shame. Air B&B was such a good idea at first. But the moment someone decided to rent out their house while they were away or use it for landlording it went to Hell.

[@dracorex426]

They should have never removed the requirement that hosts be at the home.

[@angelageier1574]

Air BnB has messed up the possible rental properties or properties that would be bought by a family. I live in the Helen Ga area and it's a small tourist town but the air BnB spread out into even the towns around Helen, up to 45 mins away. This area needs workers yet workers can't afford to live in the area because rent has skyrocketed since air BnB.

[@ivaissaxitrid]

Another well researched, high quality video. Well done and keep them coming!

[@TheRoseGawden]

She was like “you’re unemployed!” “…and she was RIGHT” 😂😂😂

[@Eric-fb9ft]

I already know this story well, having heard it on various podcasts, but clicked on this because I love your style of storytelling! Keep it up

[@nithinthomas7548]

The narration ,The Pacing , The animation ur videos are extremely good.

[@sahulianhooligan7046]

your mom

[@Roachehh]

I cant believe i only just discovered this channel. Im literally addicted. Ive listened to about 5 videos whilst at work today. Absolutely insane quality and story telling

[@BoyceDennison]

This was really a good business idea except the tenants who started using their rented places to make money that was unethical, I also agree with locals who complained that this Airbnb took properties that are for long term rental away from them,and also they felt like they are foreigners in their own country that was really painful for those citizens.The part that touched me the most was the story of the lady whom her property was vandalised and her belongings were stolen what is worse was how her problem was handled by Airbnb.

[@huntingaliens5477]

Really.. the person's whose house was destroyed touched you the most. So weird

[@insomniacresurrected1000]

Some people don’t understand how rentals work, I do long terms and AirBNB. So I have ample experiences.

[@Iron-Bridge]

@Boyce. Her problem was handled with compensation in the end. She wasn't just left on her own. Do you have a short attention span?

[@jimsimpson2820]

Airbnb didn't TAKE long term rentals off the market, they afforded investors an opportunity to make more money, aka capitalism.

[@adambane1719]

@@Iron-Bridge Such douchy comments here

[@AA-ku1ee]

I'm from Berlin, Germany and Chapter 5 is 100% true. Reported 4 Landlords myself and one found out. He threatened me and I sued. I won, but I still lost. Because now, his family is "living" there renting out "extra rooms". In short: No one lives there and the whole flat is rented out.

[@c1oudsky]

well, can't threaten you anymore at least

[@gextreme2381]

good for them. I'd tell you to mind you own business as well.

[@anthosm]

I am sure you would have been a fantastic informant for Stasi some decades ago... Snitch..

[@waffleman2211]

Honestly, good on those guys for being willing to take financial hits to do the right thing. Not even as a PR move, but just because they knew they should.

[@klajdihatija6750]

I love the business idea . The thing is now they became so big they are not realising that people are not happy for the high prices and problems it has created. People are back on booking hotels and residents are paying the price of high rents .

[@isteyak1650]

Your every video is better than the previous one, story, narration, editing..... Just everything 😙

[@anonymoususer8849]

His editor is really talented and she deserves lots of credit.

[@rzpogi]

Airbnb is partially responsible for the rise of condos in the Philippines. The ordinary Filipino don't want to live in them. Mostly foreigners buy them initially since foreigners are not allowed to own land nor houses only condonimiums. Since hotels here are expensive and renting a house or apartment less than a month to few months isn't cost feasible, Filipinos are now buying condos to rent them out for Airbnb. This causes problems to actual residents of condos since these guests would go to condo pool that by default reserved for condo residents and occupy the restaurants in the ground floor.

[@dfpytwa]

The late 80's and early 90's before the internet was a tool for everyone, there used to be a monthly news letter called $20 or Less where cheap motels, motels offering a discount to subscribers or private property owners could list cheap rooms, a spare RV space or a campsite for short stays and such. It was great for me while I was traveling and working on the road. As a member any place I stayed at I could flip through their current newsletter, make some calls and arrange for another rental where ever I'm going to or just hand write down a potential of places to check out once I got there. I thought that was pretty novel, cool and a low key way to avoid boondocking or stealth camping. Yeah it didn't always work out. Some places were fleabags or a room or camper at a rundown house in the hood, no vacancy when I got there or no one there at all but I would just get a more expensive motel or just find a place to stealth camp in the area if that was the case. That news letter disappeared around 93.

[@johnnymartinjohansen]

I've travelled a lot the last years pre covid, and I did check out Airbnd a few times. Never ever did it tempt me in any way. Almost same prices as hotels, no good breakfast buffet as almost every European hotel have, hotels are safer, most options far from city centers, and so on. The ONLY positive was it often had free parking, but that isn't expensive at hotels with a garage. So I've never used it, and never ever will. I'll stick with hotels, as I've always done.

[@larkfly9273]

I've used airbnb twice and only had good experiences. The first time was in New York in 2008, so it's quite fun to think that it was at their birth and I had no idea. This story is very well told, he always does this; making me think oh, this is so blissful, what could possibly go wrong? and then... the dark enters.

[@demorbe-official]

Wooow awesome work here. Its really been long without anything from your. Happy to see you back. The time was so worth. Perfect output

[@jingzhou5468]

I stayed in Airbnb a. Couple of times till last year with horrible experience. The studio we rented does not even have a lock on the door. Next day we found that there were bears around the neighborhood. This was near Yosemite national park usa. We checked out one day earlier. Airbnb refused to refund us and asking me for a photo of the door and a photo showing no hot water in the sink. So ridiculous, never again with Airbnb.

[@jenniferbond7073]

Show a picture of no hot water? Hahahah, ridiculous.

[@fomin23]

You sound like one of those guests that are better suited for a motel or even staying home... You are near a national park and surprised that there is wild life over there? 😂😂

[@brainsetaflame]

As a former Airbnb host, they haven't improved their platform, they've just made it easier to protect themselves. In addition, with more Airbnb properties opening up, there are less options for affordable housing, driving up costs of property, creating a need to build more homes which no one lives in. This is especially disturbing since homelessness is on the rise. Not to mention the environmental cost to build these unnecessary properties. Also, guests treat your neighborhood like they treat you space, disposable, and if you haven't written the war and peace of house rules, you'll be responsible for the bill. I submitted a claim less than $300. It took 5 months of correspondence to get a partial payout because I did the repair myself. Since I didnt have a bill from a professional, since it was over Christmas, I wasn't reimbursed for the time and effort it took me to repair. Because I was an owner occupied property, I closed down my units immediately, while waiting for a resolution. I ultimately closed then down for good, because if they are going to give me a hard time over something so small, what would they do if I actually had a large claim.

[@uncertaintyunravelled8273]

Epic video. I can't imagine how much work went into this. Thanks a lot.

[@daveinthailand]

As a regular user of AirBnB i will never use them again NEVER when i rented an apartment there was no one there and DERELICT Waited 2 hours and when i looked through the windows it was clear i was SCAMMED Trying to get a refund was CRAZY STUPID they asked did you take a picture of the locked door i told them i was miles away now in another hotel they refused a refund 2 years later i had the same thing happen in the UK and refused to give a refund again Motto of this story A company is only as good as their backup service You THINK a company is good until you need them to help you In this case totally useless and ripped off

[@Humanfacehumanityfirst]

You got me hooked on your videos. I watch them over and over without getting tired!

[@CYGNUSYT]

Love each and every video of yours! I was waiting for a new one and here it is! Keep uploading bangers like thesee

[@cohenco]

I am amazed by the meaningful, practical and interesting videos you always seem to create. Keep it up.

[@Charisabraham]

I love your videos, the way you tell the story and the way you edit your videos is insanely great.

[@avanz2885]

So sad for the host that had her house & valuables stolen & destroying. The response to that confused me though. Were the identities of the people not known? They should have been arrested & presecuted 🤷🏾‍♂️ . There should always be before & after images & videos for each occupancy for documentation & legal reasons ...

[@abbyabroad]

Good question 🤔

[@aura9070]

Watching every second of this video makes me wonder why the views don’t match the quality. Good work on this, it’s always great to watch an amazing story!

[@CastleKingside]

Thank you for this wonderful video, my friend. I'm so glad it was a notification on my phone this morning. Keep up the awesome work. I loved seeing all the movie clips from some of my favorite movies. Peace.

[@shubhammathur3174]

How you convert a case study in to a movie? Man, you're the best storyteller!

[@mrarif7562]

I like your video formats, so cinematic and deep lore in every topic. good job

[@megchippendale529]

I done this to pay my rent before Air BNB existed and advertised on Gumtree... if only I knew I could make it a multi million dollar business

[@raphaelb5237]

These guys are very humble they love the people more then the money it seems like. And thank you for making this video

[@quickfilmmakingtips2870]

Your videos are so interesting. Thank you!

[@bisolo8]

This is a great channel!! Gives me hope!

[@nancycowell-miller4321]

Worth the wait! Thank you!

[@parthssavla]

Amazing work John! Your videos are rich and full of so so so many lessons. Mad respect to the level of research, time and energy you’ve put into these. You deserve so much appreciation, abundance and prosperity coming your way!

[@kenyanfurnishedrentalsllc2505]

Am glad they did not quit. I love your videos as they tell a great story of persistence which is a huge inspiration. Keep up the great job. Yet another great video!

[@jonnycollison]

They're a scourge to apartment blocks, just constant noise and partying where I am, people trashing the place. They are banned here but people still ignore the rules.

[@EdemAf]

These videos are AMAZING quality and so insightful

[@nomealtaxinfairfax8363]

This was very well done. Thank you!

[@tapiwamungadzi2029]

Your content and story telling is awesome. I never knew any of these background stories so these are actually eye openers for me and really entertaining as well. Can't imagine the case studying and work that was put into creating these videos. Well done.

[@Chewy_GarageBandDad]

Its AI Open source.. ChatGPT Its even going to do a video soon on itself.

[@sahka]

Yours content is so awesome ❤. Keep it up!

[@ibrahimelshazly4888]

Thank you so much for posting another awesome video

[@Scorpiosting_1029]

He's back with another amazing video. I really love your content. Hope you reach success.

[@VulsikDoSurilim]

Kind of ironic that before I even start watching a video titled "The Dark Truth About Airbnb", I get shown an ad about Free Airbnb Case Studies on Airbnb business practices to make profits.

[@leadfreelures]

This channel is amazing 👍🏼 thank you for your work 🤜🏾🤛🏼

[@othabetswepoo5744]

Saw your upload, prepared my dinner to watch another MM Movie! Thank you for your work!

[@johnl.7754]

Early potential investors probably didn’t invest because they were super wealthy themselves so could not see that they would rent one or rent out their house.

[@CrustyUgg]

That's not how investors work lol they don't need to see use for something for themselves to invest and often don't (think of all the men and women in their 60's and 70's who invest in social media or invested) I doubt they are running to download the app once it becomes available... the bottom line is money

[@hawkeye9793]

I've stayed at pleasant Airbnb's and saved money. Nicely furnished, etc. I knew they probably had video surveillance which wasn't always comfortable...I wanted to report a couple because I heard crazy thumping coming from their basement but tried to go to the App and report - couldn't find a link to do it. I always left the places clean .

[@jordanhughes3137]

It’s insane to me how a company can grow to that size, with that many employees, some of which earn millions per year in their roles, cannot turn a profit. Being someone who owns a business which is profitable, but absolutely minuscule in comparison, I just cannot understand it.

[@fgui11]

It's quite simple. The investors are only focusing on growth and growth expectation so the share prices keep rising and they can sell with a profit to the next on and so on, much like a pyramid scheme. Distributing profit means less investment for growth

[@fgui11]

+ taxes on profit is pure loss

[@fresagrus4490]

Welcome to late capitalism. It simply became a cult. "investors" are so ideologically hellbent in creating a "new world" (that sounds dystopic to any decent person) that they are willing to perennially lose money backing companies such as AirBnb, Uber and Foodora. It doesn't make a difference to them because wealth concentration has never been so high, so the investors have basically infinite assets and it doesn't matter if they make bad decisions

[@HarishBabuM]

@@fgui11 hey dude you answered it simple. I'm a newbie in this investment thing. So where can I start any books, videos, documentary any recommendations please

[@motivationaldad6211]

This channel is top notch! You deserve millions more of subscribers! Thank you for your channel! Absolutely love it!

[@kamelyousriamrouche875]

Keep your soo interesting and useful content! And try not to have m’long absence periods. We miss such content!

[@ChersCorner]

Mannnnnn what the heck, investors acting like 20/30 years ago we weren’t jumping into rando cars with our thumb out in the road or posted up in groups at bus stops just…waiting for the random…

[@breonnasmith4830]

I wonder if he gon talk about the bad stuff about Airbnb especially now a days people posting certain pictures and it not even being the home listed .. peoples homes getting renting out without they knowledge 😕

[@thinkbooth]

Best movie I've watched on KZbin in a long time. You're such a great inspiration for young lads.

[@cecechery]

your videos are amazingly entertaining and informational at the same time. thank you 😊

[@ReezPatel]

Great video, lots of good insights... If I may suggest one thing, please provide the links of blogs / website covered in the video. I sometime like to do a deeper dive on topics that I find interesting.

[@lmhmanninghotmail]

Fabulous video as usual. Thanks so much. I love learning from you!

[@Alexbk007]

The owner cooking you breakfast 😂😂😂 imagine getting cooked unseasoned food in the am by a stranger you paid

[@loganwork7024]

Recently subscribed. Beautiful video thanks

[@insomniacresurrected1000]

If you rent any place out, you don’t leave anything to the rent cucks that stay there. You also make sure the guests don’t fuck up. Honestly, leaving your documents and grandma’s jewelry in a rented appartement is the worst you can do. My mother left a brass candle stand in our city apparent and the tenants stole it. Some people learn the hard way unfortunately.

[@quemediga]

The one I was waiting for 🙏🙏🙏 I feel so good having watched it

[@m.e.shorts]

Every time you up,pad, my day just gets better!

[@dragonskunkstudio7582]

Happen close to where I live, the place wasn't trashed but it was robbed, and they use the place to have massive all night loud parties. There was also some landlords who kicked out tenants and used rental places for Airbnb instead. So you don't need hotel unions to galvanize people, it's a horror show waiting to happen on its own.

[@justiceroyale1]

10:00 "That's a common theme amongst investors... They are often investing in the founders themselves." - John, 2022 Thanks for all your great work, John.

[@bdkim79]

Among a lot of "sharing" economy models, Airbnb never made sense to me in particular. I mean, hotels and motels are subject to many regulations (health, fire, employment, etc.) I guess Airbnb is not subject to any of them in most places. How is that fair? Supporters may say "it is just like a short-term rental." Well, there are two problems with that: Renting out your property is also subject to some regulations, although often people are not aware of them. Is Airbnb subject to those? Also, Airbnb is clearly pitched as a sort of "hotel," not short-term rental (for which, there were already other websites). Why did politicians let this happen? (Campaign "donations" and other "contributions", I guess.) Uber has a similar problem. Also, I know at least one family who first put their spare room on Airbnb but later converted it to long-term rental because they realized it didn't make as much money as renting it out. So, beware.

[@tnikoli40]

Depends where you live. First month of owning a apartment, we rented it on airbnb for 4k euros(at that point almost 5k dollars). After that we moved to long term rent, 1200 a month. Take into account that monthly bill for airbnb was same as long term. Airbnb makes a lot of sense money wise if you have the time to clean and care. Long term, you sign the contract and next time you come is to get the keys back after a year or more.

[@foxxster3565]

Same reason they allowed the hire car company Uber to con them and destroy the taxi industry. They sold it as ride share, to appeal to the mindless young hip crowd. Nothing ride share about it. It is clearly a hire car company and so should have been subject to the same regulations as them. I can only think corrupt and stupid politicians allowed that exploitative, cancerous company to grow. Although it also makes massive losses.

[@kakomamakondo8884]

Is it me or his video editing skills are spot on😂😂😂

[@CRASS2047]

What no one is talking about is how Airbnb has completely destroyed the home rental market. Good luck to young people and families who need to rent until they can buy a home, when almost all rental homes are rented by the day and way too expensive to rent annually. I mean, why would an owner want to rent a home out for $1500 a month, when they can charge $150 per day? Where I live, in 2016 you could rent a 3br, 2 bath home for $1200-1400 per month. Now, if you can even find one available, they rent for $2400 + And the only owners who don’t use Airbnb, refuse to use it because of the fear of the destruction of the property, and increased maintenance costs from higher numbers of guests. But most of them are on Airbnb and are not available for annual rental. Here in Florida, because of the travel based economy, I would like to see only beach front homes available on Airbnb.

[@gextreme2381]

Hardly reality. The overwhelming majority of great short term vacationnrentals are unaffordable and undesirable to that market. The best vacation rentals (beach, destination homes, second homes families use and rent anyway) are never good netry level rentals. that's just economics.

[@CRASS2047]

@@gextreme2381 you just don’t get it. I travel all over the country for work. I stay in Airbnbs everywhere. Hardly ever in vacation heavy areas. And there are airbnbs everywhere I go. And when we moved to Florida we did rent a house on the beach. Those houses used to be affordable. Now, if they aren’t on Airbnb, they are on VRBO and not available to young families. So some families definitely want to rent those properties in vacation areas, and used to actually be affordable. Everywhere I travel, I look at available annual rentals and there are far too few available for young families

[@luvshy]

Great video. I bet the research portion is fun

[@wonderboy855]

Great work bro well research topics you're better than TV channels

[@Geography_Not]

This guy should be way more popular he makes great content. Better than the content that’s in circulation right now❤️

[@MegaHerpityDerpity]

Get a good look at the scambot responding to your comment 🤣

[@Geography_Not]

@@MegaHerpityDerpity totally

[@markherasymenko5353]

Very good video!! And your content is great as well!!

[@ShaddeyNNM]

The concept behind Airbnb is a good one in my opinion, I have used the service multiple times, unfortunately, with everything in this world, there are always going to be people who are greedy and try to take advantage of things at any cost. I don't feel terribly bad for the unethical hosts with multiple properties who didn't have bookings during the height of the pandemic, especially knowing that many of these type of hosts created a very unpleasant situation for renters. So many people lost jobs and where I live, and most didn't get any type of compensation. Like with everything, some honest hosts suffered loss, which is a byproduct of whenever things go bad.

[@victorreteghi6560]

great video, thank you for making this

[@gabrielcovaci2301]

Your work îs amazing!! Well done great videos And content

[@Eikenv1]

Keep pushing out high quality content!

[@laraking804]

I blame AirBnB for the current accommodation crisis in country. Currently there are 3000 rentals available in an entire country of 5M people. There are 25,515 AirBnB listings.

[@nsofwawalklog]

great timing, just the moment am looking for something to watch

[@KingsleyOkeze]

Your work is purely gold!🔥

[@mgreek31]

Was waiting patiently for a next video 😌👍

[@kinkypinky2021]

I got kicked out of my flat by my landlord so they could list the property on Airbnb, instead of £77 a week they were making £300 instead. It's a really bad situation in my local area, more and more people are becoming homeless and living in tents because landlords are short term letting instead. There are no council homes so we have to rely on private landlords who prefer Airbnb or live in crappy hotel rooms with no cooking facilities that are funded by the council. It's a ridiculous situation.

[@kafkastiles]

I'm still searching for the "Dark Truth".

[@philipmurphy2]

Welcome back, The knowledge has returned to KZbin.