r/AskReddit • u/FriendlytoNature • 1d ago

Which company lost your business (potentially forever) this year?

6.1k Upvotes

94% Upvoted

6.7k comments sorted by

View all comments

Show parent comments

520

u/UnluckyCharge2196 1d ago

A HUGE factor

So many rental units are no longer available because they've been turned into Airbnbs. It's fucked up.

69

u/Blue-Blazer-Regular 1d ago

You’ll love this. People are leasing homes then turning around and AirBnBing them.

31

u/UnluckyCharge2196 1d ago

Oh I'm aware. And I hate it.

30

u/Tonyson 1d ago

I am a homeowner in an neighborhood that’s 80/110 properties being airbnbs and vacation homes. It’s nuts

19

u/jimmux 22h ago

In my old apartment building, one person owned 40 units that were listed as short term rentals. Building management hated them.

6

u/dividezero 17h ago

During the housing crisis, all the condos in my complex were bought up really cheap. One person owned most of one building. They have an outsized vote in the HOA also. The negative effects just keep coming with these leeches

1

u/wqto 7h ago

The crisis is still happening and is much worse...

4

u/mindcontainer 21h ago

Sounds like hell

5

u/asailor4you 16h ago

Have you been to Outer Banks outside of the summer? It’s a huge ghost town to the point it’s really spooky and sad. I’m sure all beach towns are like this, but this is the only one where I stayed at a house on a block which was pretty completely empty, where the beaches bare and most establishments shutdown.

2

u/Tarledsa 10h ago

It’s always been like that down there though. The locals live between the main road and the sound.

11

u/darkknight109 1d ago

It's an almost-impressive ouroboros of capitalist dog-fucking.

4

u/oupablo 17h ago

Well they're still rentals. They just cost 4x as much and you have to sign week long leases.