People Are Gonna Love Airbnbs Disappearing

[@g60dood]

A lot of people won't appreciate this level of sarcasm, but I give it the Italian kiss.

[@marcusbillings1644]

Yes, it's laughable when corporate media and municipalities point at short-term rentals as the cause of housing price increases. Surely it couldn't have anything to do with the trillions of dollars that we handed private equity firms to purchase single family homes for 30 and 40% above their actual value.

[@KaiAndrew]

Yeah, that probably had a "small" impact on the housing market...

[@Linogiven-O]

​@@KaiAndrew Hi, I hope your day is going well, I saw your comment on Robert Kiyosaki's video, which was posted 6 years ago. I also want to share an idea with you. After I found out that you are a KZbinr, I was surprised You said that his book has been helping you, most people are saying his book is trash, but I trusted you and other people who appreciate the book he wrote. So, that was your opinion from 6 years ago, and if you haven't changed your mind, can you suggest some books? I am also new; you posted your first video 5 years ago, but the comment was from 6 years ago, so you started making videos after you changed. Can you say something? I will watch your videos, and I want to suggest some books. Thanks!

[@pattyprepper3827]

​@@KaiAndrew ​ I read 'Rich Dad Poor Dad' in the early 90s. Feeling unsafe being a g0vernment employee (I was a public sch0ol teacher and had lost wages when picketing for an increased salary 3x during my career). I decided to take Robert Kiyosaki's advice and invested my $ in real estate. I started by c0nverting a laundry room in my home into a rental. This generated enough $ to cover my child's college costs. I later built an ADU in my back yard. This generated even more income for me as both a sh0rt-term and long term rental. I was netting $3500/mo in rental income. I continue to follow Robert Kiyosaki and owe all of my real estate knowledge and expansion from reading his book 'Rich Dad Poor Dad.'

[@davidmarshall1150]

Great Video Kai, you hit the ridiculous position of folks who say banning STR will move the needle with housing prices

[@MadPutz]

They’ll never learn that disincentivizing renovation and new construction only leads to less housing and more expensive worse quality in the long run.

[@SamCiacco-r3x]

Awesome video! You should do one for the BC, Canada market, where our provincial government has not only banned illegal short term rentals, but banned buildings that are zoned commercial in tourist cities as well! Commercial buildings being forced to rent to long term renters, all while paying premium purchase prices, commercial property taxes and insurance, etc...

[@yamashitatreasures]

you can buy your own 2 acres in ROSAMOND CALIFORNIA AND Retire there on Winter to AVOID CANADIAN WINTER

[@KaiAndrew]

I understand permitting and regulations for safety, but the blanket banning is just wild...

[@joeywhittle44]

I like that you made this informative video wrapped in comedy to make it so digestible. Thanks for making us laugh sometimes.

[@emills1417]

More government is always the problem never the solution.

[@ReijiMoritsugu]

The less government there is, the cheaper and the easier it is to buy public officials.

[@KaiAndrew]

I believe, It's more an issue with leadership and and leaderships understanding of basic economics, free market theory and how money works. But yes, slapping new taxes and laws is very rarely the answer to anything but seems to be the other levers government really ever uses.

[@emills1417]

@@KaiAndrew Thanks for the reply. I hear you're a little north of me I'm in the Eugene, OR area. Love your videos and love RE investing.

[@Linogiven-O]

​@@KaiAndrew Hi, I hope your day is going well, I saw your comment on Robert Kiyosaki's video, which was posted 6 years ago. I also want to share an idea with you. After I found out that you are a KZbinr, I was surprised You said that his book has been helping you, most people are saying his book is trash, but I trusted you and other people who appreciate the book he wrote. So, that was your opinion from 6 years ago, and if you haven't changed your mind, can you suggest some books? I am also new; you posted your first video 5 years ago, but the comment was from 6 years ago, so you started making videos after you changed. Can you say something? I will watch your videos, and I want to suggest some books. Thanks!

[@tariqs2072]

Our city raised property taxes by 6% this year and they're jumping with joy. Their statement "we are among the lowest in the country with the 6% increase". They forgot to include we've had the most amount of growth in the country also which means we are collecting more tax from new units which should offset out of the ordinary increases. The truth is they're all failures and need to go.

[@KaiAndrew]

Yeah, property tax is always a contested topic. I'm in Texas with some of the HIGHEST property taxes.

[@mikebermea9366]

Love this video!

[@milo-qh7cv]

funny airbnb is double the price of hotels around here, even for just rooms, some hosts just nuts

[@socalstr]

The beauty of this was the satire was start to finish. Just like the uninformed who stand behind their incomplete opinions until the end too.

[@LV_TK]

This was awesome. Especially glamping sites and dome homes finally being long term living solutions 😅😅😅

[@KaiAndrew]

:)

[@Crash1912AD]

This is beautiful! Lets see a Comunist Canadian Version! :D

[@KaiAndrew]

Hopefully, ya'll in Canada will see a new PM soon.

[@danethomasbergman]

HAHAHA that was pleasure to watch! Love me some satire!

[@KaiAndrew]

Glad you enjoyed it. ;)

[@Arcasian888]

Interesting hypothesis. Some areas charge a "bed tax" like in California, only if the rentals are in unincorporated areas of Los Angeles County. If all the states and municipalities charged a bed tax just like in the hospitality industry, this would deter some investors from buying single family residences and would leave these listings to Americans buying homes for living and not for profit. Leave investors to purchase multi-family investments (duplex and up) and/or hospitality products in the proper land zones. There's a reason why municipalities have general zoning maps for every specific land uses. I agree the system is flawed. For example in California, ADUs are permissible, but since the cost of building in an inflated real estate market, this has driven rental prices up and thus also inflating real estate prices. However, there is a new...Prop 33 in California that will allow municipalities to decide to include SFRs in our statewide rent control laws. This would hurt investors, but at the same time would help Americans purchase SFRs for living and not for profit. Great video. Thanks for sharing your ideas.

[@FinersDiner]

Where do I sign up for the dumpster fire party? 😂

[@pilot41186]

Str should never be allowed in single family redsidential neighborhoods

[@LittleMountainLife]

“For the greater good” 😂 Well done, sir!

[@KaiAndrew]

😁

[@jonnychandler642]

Awesome video 😂😂

[@ThomasEWalker]

Hilarious - and I love it! So - aren't long term rentals the investor side of the market causing some real strain? We just need, as a country, to build a LOT more housing. The PacNW where I live is a super-popular destination and we just can't keep up with demand. That's it - supply and demand. Cheers.

[@butchfoster5256]

Must be speaking to the Dems. Hilarious 😂

[@seanbramble]

While we’re at it, we should just abolish all zoning. I’m going to start a restaurant in my kitchen, a nursing home in my guest bedroom, and a landfill in my backyard! Capitalism!!! Freedom!!! AMERICAAAA!!!!

[@KaiAndrew]

You seem smart enough to know the difference between a residential rental and a commercial landfill, but your comment comes off dense….

[@seanbramble]

@@KaiAndrew just messin with you Kai :) I’m actually an STR developer. The area I live in has been pretty negatively impacted by airbnb - nearly 1 out of 10 homes in my community have been converted to airbnbs and growing .. home prices up nearly 2X the national average. Lots of locals getting forced out of the community as a result. I actually view what I’m doing (and the type of development you preach) as part of the solution instead of part of the problem. There is a huge difference between buying a mediocre house on Main Street to airbnb vs buying vacant land to build a purpose built lodging development

[@pattyprepper3827]

Hahaha!!! I really hope this never happens!

[@ericcraft1173]

BHAHAHAHAAAAA!! BRILIANT!

[@yamashitatreasures]

Sir Kai how about invest Buy land (built several tiny homes to rent out or built several tiny under ground bunker house - )in ROSAMOND CALIFORNIA a small growing town which is 1.5 hours North of Downtown Los Angeles California, 2 acres cost only less than US$20k

[@KaiAndrew]

?

[@Sharkdog11b]

I can’t wait till trump is back.

[@ihorhordiienko-oj9qp]

We offer remote architecture and interior consultation services for house flippers and real estate Airbnb investors , assisting in creating your ideal home.

[@delsajoseph]

😂

[@KaiAndrew]

;)