Investment AIRBNB unfriendly condo, Please help input if you know of those
Investment AIRBNB unfriendly condo, Please help input if you know of those
|
|
Oct 25 2018, 09:52 PM
Return to original view | Post
#1
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
21,457 posts Joined: Jul 2012 |
Residence is meant for home not business. Strangers could compromise security and exclusivity else condo need not restrict strangers access. |
|
|
|
|
|
Oct 26 2018, 03:48 AM
Return to original view | Post
#2
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
21,457 posts Joined: Jul 2012 |
QUOTE(BEANCOUNTER @ Oct 25 2018, 11:53 PM) Guess u prefer to pay higher price for nothing to stay in hotel or hotel suite? Prefer to stay at chain hotel as facilities and services is more consistent.So there is absolutely no crime if rented to longer term tenants like for one month to 6 months? Do you like your neighbour to be Airbnb, have strangers come and go regularly? |
|
|
Oct 26 2018, 03:05 PM
Return to original view | Post
#3
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
21,457 posts Joined: Jul 2012 |
QUOTE(BEANCOUNTER @ Oct 26 2018, 10:46 AM) hotel is too cold and rigid, and small place. there is absolutely no personality. Yes you can get suites of 50m2 or whatever, but where to find the money to stay there for a month????? Airbnb may have lounge but is not equivalent to hotel suite in id or furnishing. a good hotel give pocket spring mattress; Airbnb mattress could give back pain. In hotel, house keeping is supervised; Airbnb housekeeping is depending on cleaner.honestly if you stay in high density condo or service apartments, you can hardly know yr neigbours. they too rented to tenants, and also come and go. other time will be when I get out and see some human movement, they also quickly go into the unit, like wanted to avoid any human contact. frankly you will be lucky to talk to anyone either in corridor or lift within a week. there was one time, my opposite neighbour happened to left her key in the key house 'outside' the grilled door. I thought I be kind hearted and press the bell to inform her. When she saw me, macam gave me a look like 'what do you want? I have no salt n peppers in the house'. no a smile to greet me at all. so there is no different whether its long or short term stay. in fact, Airbnb customers, I believe tend to be more friendly and international. if you want to talk about bad hats, there are everywhere...…. landed neigbours ARE THE WORST. If one is a unfriendly person; whether to live in condo or landed remain lonely. If strangers is accepted, why bother with multiple tier of security and access control. If international airbnb guests is acceptable, why not ph or foreign worker tenants? |
|
|
Oct 26 2018, 04:21 PM
Return to original view | Post
#4
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
21,457 posts Joined: Jul 2012 |
QUOTE(BEANCOUNTER @ Oct 26 2018, 03:15 PM) come on lah….unless you can afford to live in hotel everyday of your life, you still need to come back to earth and enjoy yr thin mattress and do your own house keeping. why so lansi about short stay in hotel? Some like to indulge when travel, some like to remain comfortable like home (at hotel). Hence, Airbnb is for certain group of customers e.g those travel cheap.more important note is You should treat Airbnb home like your own home. I am realistic, not short term fantasy chaser. I bet you talk to all the guests in the same corridor in your hotel room. International guests include everybody except Malaysian citizens. Airbnb guests are not stranger. In fact, your Airbnb host and portal provider have all the information about yourself, including yr pixs, yr drivers licence. how many long term tenant that JMB got their face iD? or owner for that matter? Airbnb could operate at service apartment, Soho but not residential. |
|
|
Oct 28 2018, 09:49 AM
Return to original view | Post
#5
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
21,457 posts Joined: Jul 2012 |
Airbnb is a commercial activity, increase demand and price of residential units; is detrimental to those looking to buy first home, should be banned from residential units.
This post has been edited by icemanfx: Oct 28 2018, 09:52 AM |
|
|
Oct 28 2018, 02:08 PM
Return to original view | Post
#6
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
21,457 posts Joined: Jul 2012 |
QUOTE(BEANCOUNTER @ Oct 28 2018, 01:27 PM) You got any fact or data to supporr yr case of airbnb increases the prices of resi units? Many owner become airbnb operator because they couldn't find long term tenants or rental is at below expectation. If airbnb is banned from residential units; those bought to rent and couldn't rent out are likely to let go at a cheaper price.And who misses out in buying their 1st home? This post has been edited by icemanfx: Oct 28 2018, 02:12 PM |
|
|
|
|
|
Oct 28 2018, 03:03 PM
Return to original view | Post
#7
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
21,457 posts Joined: Jul 2012 |
QUOTE(BEANCOUNTER @ Oct 28 2018, 02:16 PM) U still havent asnwered the question. A new, not-yet-published working paper suggests the popular home-sharing service might do just that. The researchers looked at rents and home prices in the 100 largest metro areas in the U.S. between 2012 and 2016. They found that a 10% increase in Airbnb listings leads to a 0.39% increase in rents and a 0.64% increase in house prices.Do you have any facts or datas to support that airbnb increased the price of resi property? Also do you have any data of on average how many % of a resi condo being used as airbnb? https://www.wsj.com/articles/how-airbnb-aff...ents-1508724361 https://www.citylab.com/equity/2018/03/what...rk-city/552749/ https://www.aeaweb.org/conference/2018/prel.../paper/sna9Y7s3 http://www.sharebetter.org/wp-content/uplo...erm-Rentals.pdf This post has been edited by icemanfx: Oct 28 2018, 03:05 PM |
|
|
Oct 29 2018, 11:09 AM
Return to original view | IPv6 | Post
#8
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
21,457 posts Joined: Jul 2012 |
QUOTE(BEANCOUNTER @ Oct 29 2018, 11:07 AM) I think in KV only few apartment blocks are having significant airbnb guests....and mostly they are in kul city centre. Similar reason for ph.My rough guesses are summer suites regalia vortex the face. How i know....bcos i watched plenty of Visit Malai utube... And the rest and those out of kl cbd....even if they do have airbnb operation....the % of airbnb units vs long term guests and ownstayers are not significant at all. At best any one time u search airbnb...few units will come out only. Usually not more than 10. Hence i dun understand why ppl are so scary sheet abt airbnb. |
|
|
Oct 29 2018, 10:53 PM
Return to original view | Post
#9
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
21,457 posts Joined: Jul 2012 |
QUOTE(BEANCOUNTER @ Oct 29 2018, 10:25 PM) Actually airbnbaso is not easy to manage. Unless u got quantity otherwise for longer term also not easy to nake money. Need to clean up this and that. If give to airbnb operators they also care less of yr unit one...most time i think you spend time repair yr unit than renting out.... So appreciate airbnb while its still here.... Some hotel groups also list their popety in airbnb...geno is one of them. QUOTE(HELLO HELLO @ Oct 29 2018, 10:31 PM) With ok ID normal unit want to Airbnb out and earn above long term rental already long gone liao. 3 years back can hit 10+k a month, now no more this kind of song liao. Unless the listing is super unique. Barrier of entry to airbnb is relatively low. like many new businesses and investment in this country, there will be many new entries that lead the industry to un-worthwhile. given some developers purposely build for airbnb, supply airbnb will increase faster than demand in next few years. until the industry consolidate, expect a.r.r and occupancy to trend down.Manyak owner want long term rent, but empty few months cannot rent out. So rugi rugi put Airbnb to stop the bleeding only, Memang cannot cover the loan but better than nothing. This post has been edited by icemanfx: Oct 29 2018, 10:53 PM |
|
|
Apr 21 2019, 11:43 AM
Return to original view | Post
#10
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
21,457 posts Joined: Jul 2012 |
QUOTE(DesRed @ Apr 3 2019, 01:54 PM) Yeah, the PH gov't seem to be finding all sorts of avenues for tax income ever since they abolished GST and replaced it with SST. Tax online platforms such as Netflix, Steam, Lazada, etc. and now also want to tax Airbnb. licensed businesses are taxed, why Airbnb should be exempted?This post has been edited by icemanfx: Apr 21 2019, 11:56 AM |
|
|
Apr 21 2019, 04:34 PM
Return to original view | Post
#11
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
21,457 posts Joined: Jul 2012 |
QUOTE(DesRed @ Apr 21 2019, 04:31 PM) Don't shove words into my mouth. I never implied that. Politicians are reluctant to implement new taxes before general election or tax office haven't find a effective way to collect.How come during the GST era, none of the platforms I mentioned are taxed? Gov't overlooked them or just turned a blind eye? This post has been edited by icemanfx: Apr 21 2019, 04:44 PM |
|
|
Jul 5 2019, 10:58 AM
Return to original view | IPv6 | Post
#12
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
21,457 posts Joined: Jul 2012 |
PETALING JAYA: More Malaysians are relying on Airbnb to settle their mortgages given the property overhang that is engulfing the sector.
According to an Airbnb survey of more than 2,000 Malaysian hosts and guests, half of the Airbnb hosts said it had helped them pay for their homes while 40% said Airbnb provided a supplementary income for them to make ends meet.Malaysia is Airbnb’s fastest growing country in South-East Asia for the second consecutive year. It saw more than 3.25 million guests in Malaysia over the past 12 months ended July 1, which translated to a 73% increase from the previous period.There are more than 53,000 Airbnb listings in the country. Read more at https://www.thestar.com.my/business/busines...DtoYoA1JWO3T.99 3.25 million guests spread over 53,000 airbnb mean average 61.3 guests per airbnb unit, also mean majority of airbnb couldn't be profitable. |
|
|
Oct 3 2019, 12:57 PM
Return to original view | Post
#13
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
21,457 posts Joined: Jul 2012 |
Buying condo for Airbnb is not a financially feasible investment;
- purchase price is higher than equivalent hotel room - rental rate is cheaper than equivalent hotel room - occupancy is lower than than equivalent hotel room in the same area. - many newbie failed to account depreciation, accelerated wear and tear, etc. According to Airbnb, average occupancy in this country was about 65 room night last year. This post has been edited by icemanfx: Oct 3 2019, 12:59 PM |
|
|
Oct 5 2020, 03:56 PM
Return to original view | IPv6 | Post
#14
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
21,457 posts Joined: Jul 2012 |
The Federal Court today ruled that management corporation bodies of residential strata buildings, through their own house rules, can prohibit short-term rental of residential units in their buildings.
A three-member bench, chaired by Chief Justice Tengku Maimun Tuan Mat, said even if the state authority permitted the use of the land for commercial purposes, such use was still subject to other laws in force such as the Strata Management Act 2013. “Hence, the passing of the house rules is not unlawful,” she said in affirming the decisions of the High Court and the Court of Appeal in dismissing an appeal by four appellants. https://www.freemalaysiatoday.com/category/...les-apex-court/ |
| Change to: | 0.0362sec
1.13
7 queries
GZIP Disabled
Time is now: 17th December 2025 - 03:34 AM |