Is Airbnb good or bad for a city? In this episode we talk about:
- How Airbnb makes travel easier
- The difference between intention and economic effect
- The economics of a tourist destination
- Gentrification
- Bad Airbnb experiences
- Our experiences both running and living in Airbnbs
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Detailed Show Notes
(0:00) Preamble
(2:30) Intro to Airbnb and the topic
(3:10) Cleaning fees are ridiculous!
(4:45) The Seller Experience
(8:00) Benefits and economics & challenges
(11:40) Seasonality of the trade
(13:00) False hopes, trickery & exploitation
(14:45) Short term vs long term impact
(15:55) A fringe income stream to finance other purchases
(17:20) Externalities and knock-on effects
(18:20) Investing and how the pandemic impacted those investors
(20:14) How does city culture get impacted? Does it cause gentrification?
(22:17) Urbanization, wealth migration and the forces that interact with tourism
(23:47) Changes in Bo-kaap
(25:31) Movement dynamics in and out of cities and the future directions for Airbnb
(27:02) Infrastructure considerations for distributed living, impacts on neighborhoods, towns and sense-of-place.
(31:13) Tourism during the pandemic and before, skiing season
(33:10) What oversight do we need for Airbnb? Herman has some thoughts
(35:04) Jason has some thoughts, income and wealth inequality.
(37:35) Distributing new apartments to locals, effect for service economy, what it's like in Aspen.
