Episode #1,008 Get Fully Customizable Insurance Coverage for All Phases of Occupancy on One Monthly Schedule and Bill: https://nreig.com/BPYT Episode Show Notes: https://link.chtbl.com/BPRE Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Ready to Invest? Grab the Book, “Short-Term Rental, Long-Term Wealth”: https://store.biggerpockets.com/collections/all-books/products/short-term-rental-long-term-wealth?utm_source=owned_media Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch See Dave at BPCON2024 in Cancun! https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none Airbnb Bans Only Make Tourism More Expensive. Just Ask New York: https://www.biggerpockets.com/blog/short-term-rental-bans-in-new-york-only-made-hotels-more-expensive?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none Are Airbnb bans actually hurting renters, homebuyers, and your local economy? The truth doesn’t seem so obvious, but new data shows the unintended consequences of banning Airbnbs and short-term rentals, especially in big cities. To get a take from someone inside the industry and with plenty of data to share, we invited Taylor Marr, Senior Housing Economist at Airbnb, to the show to explain how Airbnbs affect the economy, affordability, and housing supply. For years, there have been claims that short-term rentals take away housing supply from renters and homebuyers and, as a result, inflate rents and home prices in nearby areas. But new data is saying something very, very different. Today, Taylor talks about how Airbnbs and short-term rentals change a local economy, the amount of money this type of local hospitality provides to small businesses, and why affordability ISN’T improving in areas where Airbnbs are banned. We’ll also discuss the age of “experiences” and how hosts can earn more by catering to a new kind of traveler willing to spend. Do you have a short-term rental or want to make money with one in the future? Then don’t miss this episode! 00;00 Intro 02:33 2024 Housing Market Update 05:52 Effects on Short-Term Rentals 09:47 Airbnb Supply Update 11:16 Are Airbnbs Oversaturated? 14:07 The Age of "Experiences" 16:43 How Airbnbs Impact Local Economies 25:05 Side Effects of Airbnb Bans 34:30 Tips for Investors