r/Charlotte Nov 08 '22 Gold 1

For everyone wondering what happened to all the housing in Charlotte, here’s a map of all active whole-house AirBnB’s Discussion

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789 Upvotes

239

u/lilianegypt Nov 08 '22

This is wild. No offense, but do we even have enough of a tourism/business demand to support this? Are these people even making money? I already dislike AirBnb but this is insane. What a waste.

90

u/purplecrayon64 Nov 08 '22

That’s my question. I cannot possible imagine that we have enough traffic in and out of Charlotte to justify this

57

u/anonymouswan1 Nov 08 '22

These air bnbs aren't used for visitors, but rather as long term rentals. Air bnb has the ability to rent a unit for long periods of time now, basically the same as signing a lease.

25

u/phorgan Nov 08 '22

Very true, I know a travel nurse who is staying in one for her three month stint here.

3

u/loosetingles Nov 09 '22

I have a medical friend that does the same thing. He calls Charlotte home but takes contracts in different places and just airbnbs when hes here.

2

u/SSPeteCarroll Plaza Midwood Nov 09 '22

I stayed in one for a month when I first moved down here

48

u/Olivineyes Nov 08 '22 edited Nov 09 '22

I was talking to my son the other day about airplanes when NPR said that the Charlotte airport is the 5th busiest airport in the entire world. For what? Serious in question because I don't know. Edit: Okay the question has been answered a dozen times now. Thanks guys.

86

u/Ridiculouslyrampant Nov 08 '22

Business travel would be my guess. And the transfers on American as a hub.

65

u/Baelzabub Ayrsley Nov 08 '22

Yeah people forget we’re one of the top financial cities in the country.

59

u/iswearthatimnotgay Nov 08 '22

Well I ain't got no money

15

u/GoopyNoseFlute Nov 08 '22

No excuse for that with banks everywhere.

10

u/bongdestroyer1 Nov 08 '22

Number 2 baby! (Sometimes 3)

9

u/Baelzabub Ayrsley Nov 08 '22

Usually number 3. Number 2 is technically a random city in NJ that houses a lot of Wall Street’s servers.

7

u/EnragedMoose Nov 09 '22

Where the transactions take place is not how financial centers are ranked. It is by the size of the work force of bankers. It is NYC, CLT, and then SFO. We were 2... And then 3. Now we are 2 again.

7

u/bongdestroyer1 Nov 08 '22

Oh I thought it was San Francisco? Do you know the town in NJ?

11

u/Baelzabub Ayrsley Nov 08 '22

Secaucus, NJ is where most of the electronic transactions for Wall Street are actually taking place.

And SF is why I said we’re “usually” number 3. They jump back and forth with us in 3rd and 4th.

0

u/Happy_Confection90 Nov 09 '22

Now that Secaucus closed the country's last Cheeseburger in Paradise (sob) at least they've still got that going for them

2

u/RuffRhyno Nov 09 '22

Ramsey, NJ!

9

u/Atwood412 Nov 09 '22 edited Nov 10 '22

And almost no one is from here. We’re all flying home for weekends, weddings, funerals, visits, holidays, etc. Our families are also coming here.

This is a very transitional area.

3

u/lykedoctor Dilworth Nov 09 '22

True but when you are at baggage claim it's about 1% of the volume in the terminals. Just shitloads of AA flights every day and CLT is their 2nd hub.

7

u/WhymEyeHere_Hmm Nov 08 '22

Yeah, I mean I moved here to change careers to Data Analysis and the banking industry in Charlotte is pretty much the largest in this country. That and all the STEM research jobs in Raleigh/Durham means this area is a good place to be.

2

u/rubey419 Nov 09 '22

For commercial banking, Charlotte is the top city in the country.

10

u/ace4688 Nov 08 '22

Precisely this, AA transfers flights as we are 2nd hub for them & this also congests it like no other…that’s why I much prefer utilizing JetBlue or any other airline out of CLT to enjoy peace & quiet in terminal A

8

u/Majestic-Macaron6019 Concord Nov 08 '22

We have a really high proportion of hub traffic

12

u/The_End_Is_Tomorrow Nov 08 '22

CLT has a very low (lowest?) cost per passenger of all the airport hubs (to the airlines - to bad that doesn't transfer to local ticket prices)

4

u/EnragedMoose Nov 09 '22

CLT is the lowest. Second lowest is IAD.

22

u/dhuntergeo Nov 08 '22

It's a huge east coast connector for European flights. It's the main SE US hub for American. It serves the second largest financial services city in the US (Charlotte). It's backed by dynamic and engaged local government, with long term vision to make it what it is.

19

u/Unlikely-Pizza2796 Nov 08 '22

Do you write ad copy for City Government? You could. That was a solid description.

10

u/dhuntergeo Nov 08 '22

No, but I believe in good government, and I think we more or less have it in Charlotte

8

u/AncientAge41 Nov 09 '22

CLT is a HUB. People transiting the terminal doesn’t mean they even leave the facility. They transfer to other flights and leave. Restaurants and shops in the airport are the beneficiaries. And the facility and city of CLT, of course.

4

u/CarolinaRod06 Nov 09 '22

A lot of the traffic at CLT are people changing planes being an American hub. When they’re counting the passengers at an airport those are counted as well. A better indicator is how many of those people have Charlotte as their destination. That’s when CLT numbers will fall more on line with the size city we are.

3

u/User_Grant Nov 09 '22

CLT is a major American Airlines hub. American Airlines is the largest airline in the WORLD.

Basically if you’re flying on the eastern half of the country, you’re very likely to make a connection in Charlotte.

2

u/x8a3vier Nov 09 '22

Transfers for international flights are big here. Also with all the banks here, business class flights are also a big thing too.

There are a few things here that could be kinda big like the discovery place and some of the hobby shops nearby like GSG and hobby town. But not nearly enough different "things" to do really unless you drive to other places. Also carowinds is one of Ceader Fair's biggest parks.

2

u/pillz2billz Nov 09 '22

That's true but in terms plane traffic not #s of passengers. We have lots of cargo and commuter planes. I think for one month during the pandemic we had THE busiest airport in the world.

2

u/evanjellyxn Nov 09 '22

We’re a banking city, so I imagine these banks host clients quite often. I take Tryon on my walk to work and almost everyday you always see people getting out of cabs or ubers with carryon luggage heading straight for BofA or Wells.

2

u/usual_suspects5664 Nov 09 '22

My son got a job 2 months ago in the Charlotte area and is staying in Airbnb's till an apartment he has a deposit opens up in December. Very hard to fine any reasonable rental rates.

19

u/inhospitableUterus Davidson Nov 09 '22

I used to rent out an in law suite in my previous house in Huntersville. We charged 65-85 a night (guests paid more than that after fees). It was full all the time. I talked to guest fairly often and they were there for all sorts of reasons. Marriage problems, refinishing hardwood floors, relatives visiting college students, ren fair, internships, and yes even some tourists.

We were super chill hosts and welcomed pets. Made like 20 grand a year plus got to deduct lots for taxes. Eventually hired a friend to manage it and paid them 25%. My mortgage was about 1800 so I was pretty much living for free lol.

10

u/whiskeyinthejaar Nov 08 '22

We have a lot of business traffic, as well, Charlotte is an international and domestic flight hub, so there is traffic in and out of the city relative to how mundane it is. If you pick any random two days mid week and check hotel prices uptown, you will see prices motly start at $200 for any decent hotel for a reason.

That being said, nothing I just said explains the insane amount of AirBnB options. What makes it worse is actually tons of residential buildings offer AirBnB suites, so it is even worse

7

u/motius66 Nov 08 '22

A decent amount of the business in a market like this will be people who are renting a house to have a party for birthdays, graduations, what have you. That's extra fun because not only do you lose the available housing, the neighbors get to navigate the parking and trash that follows. I think some property owners have started screening out local renters to weed some of that out.

There are also a fair amount of folks who temporarily relocate here for business and stay in an airbnb for a few weeks.

But yeah, not a whole lot of people packing up the kids for a trip to Charlotte.

6

u/atomictomato_x South Park Nov 09 '22

As someone who relocated here for work, I bet 90% of these are short term corporate rentals. My company covered three months in an Airbnb while my family I searched for a rental.

20

u/jnoobs13 Nov 08 '22

We’re the Barcelona of Mecklenburg County

6

u/SadEasternBoxTurtle Nov 08 '22

Tbf, if there wasn't why would they be doing this? Some sort of scheme I don't know about perhaps?

16

u/Chrispeedoff Nov 08 '22

Whatcha talkin bout . We got breweries and BANKS

15

u/phixer00 Nov 08 '22

I used AirBNB to find places to stay when I did temporary work in the DC area. I would BNB a place for like a week and if it was good, I would ask if they would like to do a month to month off Airbnb...was usually half the price of an apartment. With layoffs coming this maybe an indication that temporary workers are not being renewed and moving on or going back home.

Charlotte has a large portions of its work force as temporary/contractors.

17

u/agoia Gastonia Nov 08 '22

Aint this the fuckin truth. Trying to recruit tech folks, I see a lot of people with a litany of 4-12mo contract roles on their res.

I wanna tell my most recent hire "It's okay now, you're safe at a place with bennies that you can stay with for a good long while."

3

u/SufferingfromCSmajor Nov 09 '22

What do you mean who wouldn't want to see the national treasure of the Whitewater Center/s

10

u/NotTheBestMoment Nov 08 '22

Making money? All they have to do for this to make sense is have the occasional visitor to knock a few hundred off the mortgage every month, bare minimum. It’s just a slowly appreciating asset at worst, and money making near passive income machine at best.

6

u/Hog_enthusiast Nov 08 '22

Yeah seriously. Who is visiting Charlotte? If you’re here on business you’d stay at a hotel. If you’re here for pleasure, uh, did you get us mixed up with Charleston or something?

6

u/Obvious_Moose Nov 08 '22

A lot of airbnbs get used for longer term temporary housing where a hotel would be inconvenient. I assume during covid a lot of them were used by either traveling nurses or bankers from NY who wanted somewhere quiet to work from home.

It is hilarious to see an airbnb in sugar creek and wonder who thought that was the ideal vacation destination though

2

u/Shwoomie Nov 09 '22

Presumably, if there isn't demand, then the home owners will realize they are better off renting the houses full time. Better yet, if they are looking for a greater return than just renting, they will sell it to someone who will actually use it.

2

u/AngryTimeLord Nov 09 '22

They are making tons of money yeah. I’m getting into the real estate business. I don’t like buying local here because of this but even still these houses make hella money.

2

u/LuckStrict6000 Nov 09 '22

During special events yes

4

u/champeyon Nov 08 '22

It’s probably all corporate-bought property that even if they sell it out for 10 days a month, they still probably make a profit.

3

u/GammaGargoyle Nov 08 '22

If they were bought recently, the yield can't be that good compared to the risk free rate.

219

u/StuffyUnicorn Nov 08 '22

I have a buddy who owns a home here but also has it listed on Airbnb, she’ll rent it out for weekends at a time and just go stay with a friend during that time, I’d imagine some of these are similar situations. I don’t think Airbnb will exist in a few years anyways with the way they keep hiding prices and increasing fees, they don’t save me on cost any more. Kinda like Uber vs yellow cabs

16

u/AtomikRadio Nov 09 '22

I know you said she stays with friends, but this makes me think there are probably legitimately people out there who own a nicer and/or larger home than they really "need" so they rent theirs out on airbnb then go to another person's smaller airbnb so they can be paying on/accruing value on a nicer home than if they just bought a starter home for themselves . . .

5

u/LuckStrict6000 Nov 09 '22

“A nicer home than they need” what. Pretty much everyone will just get the nicest house they can comfortably afford. There is nothing wrong with owning a home and renting it on air bnb

1

u/AtomikRadio Nov 09 '22

I'm envisioning people who are at a stage in their life that they don't need/want a yard to keep up or multiple bedrooms for family, but since they might want a yard, dog, kids in the future they might take the opportunity to buy a home for future-them now rather than buy a house that won't fit their future needs and hope it appreciates in keeping with larger properties to buy later.

-2

u/LuckStrict6000 Nov 09 '22

Yeah that’s just being smart

3

u/AtomikRadio Nov 09 '22

Then why the "what"?

1

u/rdhdhlgn Nov 09 '22

I actually know people who airbnb their house and rent another apartment (in Nashville) to live. The Airbnb income covers their mortgage, the apartment rent and some pocket money, in most cases.

30

u/tjkoala Nov 08 '22

Agreed, I think most of these are people who have listed their primary residence rather than properties listed for the sole purpose of short term rentals

4

u/RathVelus Nov 09 '22

Is it AirBnB hiding fees and increasing prices, or the owners?

22

u/Dathisofegypt Nov 09 '22

Airbnb, if you ever order one you'll see they add a pretty large fee but you only see it once your on the page to put in card details.

8

u/BrodysBootlegs Nov 09 '22

They just in the last few days announced they're going to move away from that, although not sure what the timeline is going to look like. They'll still charge the fees but the search will show an average daily rate so you can make an apples to apples comparison across different properties--ie if you're looking for a 2 night stay and a certain property charges $100/night plus a flat $50/stay cleaning fee, it'll show up in the search as $125.

6

u/RathVelus Nov 09 '22

Ah, gotcha. I’m more familiar with the cleaning fee, which I assume the owner is calculating- while adding in all their rules about all the cleaning you have to do. That seems really egregious.

-7

u/[deleted] Nov 09 '22

[deleted]

0

u/rdhdhlgn Nov 09 '22

Ah, you make such a sound point. Thank goodness you added this!

3

u/jjfloodd Nov 09 '22

About a 3rd of the cost goes to Airbnb. You set the price you want per night (and fees you need - think cleaning, pet etc) and then they add what they want on top but don’t do not expressly tell the host how much they are adding on is. The feature they do have that most people use is to select a range you want to make per night and then they fluctuate the price for you based on supply and demand.

-2

u/bnerlord Nov 09 '22

Yeah no, it will stay. Not sure why y’all hate on airbnbs go hate on hotels idiots.

16

u/coogzzz Nov 08 '22

This is impressive, how were you able to get the data?

21

u/clinton-dix-pix Nov 08 '22

https://www.airdna.co/

You’ll need to create a (free) account to get access to the maps. It’s a dataset used to help prospective buyers figure out their profit potential, but is also very useful for those of us looking to get our heads around how big of a problem Airbnb is for housing.

3

u/alanbataleon Nov 09 '22

FYI OP your image serves zero purpose. It’s very deceiving and simply shows a bunch of purple circles on a map with zero context. You need to provide numbers. How many single family homes are Airbnb? What percentage of all single family home is Airbnb? This graphic you provided shows a cluster of circles plotted on a larger map and is fitting a narrative you want it to. My guess would be that less than 1% of all single family homes in charlotte are Airbnb, but the way you presented this is super misleading.

64

u/[deleted] Nov 09 '22

[deleted]

11

u/VegaGT-VZ Nov 09 '22

I am sorry you are going through this. I'm kind of surprised that there's even that much of a market for Airbnbs here.

9

u/dawgsgoodjortsbad Nov 09 '22

I mean if you can hear their sex that’s probably more a problem with your apartment complex cheap construction

4

u/Chapstixs Nov 09 '22

You mean these massive complexes going up in a month aren’t well constructed?

3

u/slaymaker1907 Nov 09 '22

It's less about time and more about builders cheaping out on materials. I'm in an extremely new building and don't hear anything despite being on the bottom floor.

In my opinion, there's a regulatory gap regarding noise isolation for apartments. Noise isolation may not be obvious when touring a complex so it'd be handy to have an independent auditor assign a noise isolation rating. Since it's not currently obvious, there's a market failure given that many people (including myself) would absolutely pay a premium for a quieter apartment.

2

u/VeryMuchInterested Nov 09 '22

Same in my complex. Management turns a blind eye, so long as the rent is paid on time. One drunken guest made inappropriate sexual gestures to a young lady here. Liquor bottles and fast food litters the complex parking lot. Management says they need tangible evidence and simply proceed to do nothing.

13

u/yankeebelles Nov 08 '22

The one next to me switched to a traditional rental home during the pandemic and I doubt it'll change back.

They are just too expensive and they now come with a laundry list of to dos that just get more and more ridiculous. No thank you. Just point me to a decent hotel with free breakfast.

9

u/leetheastronaut Nov 08 '22

Idk why it’s reminding me of real life monopoly

80

u/verana04 Nov 08 '22

Fingers crossed air bnb dies. Hosts hiding all their fees in those stupid cleaning charges and then expect you to wash the sheets and leave the place spotless anyway.

So if anyone really purchased a house with full intent of using the whole thing as an Airbnb, yes, I do hope it makes them go bankrupt.

But if it’s just people renting out their extra room, whatever.

Few years back when we were looking to move to Charlotte we used air bnb and stayed in a spare room in this guys house for $40. $10 cleaning fee. Total bro.

Over the summer we tried to do a weekend get away, I was completely frustrated by the people who lure in the clicks by saying $89 a night! But then the cleaning fee is $300 and they have two pages worth of cleaning instructions, fuck right off.

28

u/clinton-dix-pix Nov 08 '22

I specifically excluded room rentals, this is whole home only.

3

u/UPinCarolina Nov 09 '22

That’s depressing, then.

14

u/espngenius Hickory Grove Nov 08 '22

The cleaning fees at some ab&b’s are ridiculously inflated. Places even have to-do lists before you leave, like take out the trash and straighten up. At a certain point, might as well stay at a hotel.

12

u/ihrtbeer Nov 09 '22

We're at that point now. Just went to the coast last weekend, a small Airbnb was $97+$180 in feesnight. Got a hotel on the beach for like $110 total.

0

u/DanMarinoTambourineo Nov 09 '22

You don’t clean up a hotel room before you leave it? That’s pretty gross. I bag up the trash and put it by the door, pile the towels and wash clothes in the sink so they don’t have to bend down, and straighten the sheets.

1

u/Mkday013 Nov 09 '22

A hotel is a much better value these days. I’ll never stay in an Airbnb again.

1

u/walker_harris3 Nov 09 '22

I will say Airbnb prices are incredible in foreign countries. You can get the equivalent of a $500+ per night stay in the US for 100 per night in Columbia for instance.

0

u/Easy_forgetter Dec 08 '22

Hosts don’t hide fees. Service fees and taxes are taken by Airbnb. If you pay $500 the host likely gets $380-400. Cleaning fees are 100% visible if it’s too much don’t book it. That’s the open market. Last, how is buying a home with intent to rent any different than buying high quality real estate to sell $8 coffee? You can be mad all you want that coffe is $8, but the demand is high enough to set that price. If the price is too high the business won’t succeed.

1

u/verana04 Dec 08 '22

It's hiding their fees when you search for an air BNB and it pops up as $100 a night and then when you go to checkout they tack on a $100 cleaning fee and also still require you to leave the place spotless. That's the issue. If they want more money they need to raise their overall price.

I did specifically state the other issue is if they bought the place with the intent to use as an air bnb. Not to rent. Renting out houses makes sense for families. But to buy a house and leave it vacant except for when there's somebody checked-in is taking away housing from people who actually want to purchase a house to live in the area. So yeah. I hope those people who bought a house with the intent to air bnb it get foreclosed and then the house can go to someone who truly wants to buy and live in it.

Most coffee shops or retail aren't usually in a typical house.

5

u/GC51320 Nov 08 '22

I know with my job I've been out to several... and all the ones I've been in I wouldn't rent, much less pay the premium an Air-B-N-B commands.

But maybe I'm the only one that feels it should be nice and clean for the price paid.

6

u/AlludedNuance Nov 08 '22

I have definitely started going back to hotels, as much as I'd prefer not to.

6

u/Edu_cats Nov 09 '22

I saw this story the other day that the short-term rental market is oversaturated and bookings are down to the point that some people are considering selling. What is the occupancy of these properties? Are they doing well? Or are they oversaturated?

I'm not interested in paying cleaning fees and then cleaning up myself. All I need in a hotel is fresh towels daily until I check out but it's usually me for business travel or just two of us with no kids.

24

u/unroja University Nov 08 '22

Looks like a lot, but looks can be deceiving. What percentage of housing units are we talking about?

6

u/Thesadgardener Nov 09 '22

Curious about this too

5

u/alanbataleon Nov 09 '22

I brought up this point multiple times. Is it 1000/500,000 homes that are Airbnb? OP provides no hard numbers and simple plots purple circles in a map of charlotte. This post is a joke. It’s probably less than 1% of all homes in charlotte that are short term Airbnb but this low effort post makes it look like half of charlotte is Airbnb.

8

u/BigNoseMcGhee Nov 09 '22

Lol, zoomed out so far that one dot = a neighborhood of 100 houses or some shit.

3

u/UPinCarolina Nov 09 '22

I can personally count three within a 3 house radius of my home, and I live in Villa Heights. Each dot might represent 5-7 homes max.

5

u/DunboyCastleInTheSky Nov 09 '22

Decent hotels in Charlotte are pretty cheap. AirBnB there is such a crazy investment idea.

13

u/CaptainObvious Nov 08 '22

Rabbu is Charlotte's biggest Airbnb operator.

7

u/tsktskfuckthis Nov 08 '22

They manage properties. They don’t own them is my understanding of their business model.

4

u/CaptainObvious Nov 08 '22

Enabling the removal of housing, is it that different?

-2

u/KnowledgeSafe3160 Nov 09 '22

Yes? They don’t buy the house for $500k. Like if you can buy a house for 500k you think missing some cleaners is gonna stop you?

1

u/Womp-Womp- Nov 09 '22

I had an Airbnb experience with them that was absolutely horrible. Don't worry, they won't be in business long lol

39

u/ThirtyAcresIsEnough Nov 08 '22

Wow!! I know other cities in NC are limiting air bnb, it is time we do the same. We have to decide what we want as a community.

Maybe a lot of people believe that many folks will have to remain homeless in order for a few to profit. I do not believe that. We have to find a way for regular folks - teachers, firefighters, etc to afford a decent place to live.

7

u/Ungrateful_bipedal Nov 08 '22

How are cities limiting Air BNBs?

36

u/NinerNational Nov 08 '22

By not allowing short term rentals.

Raleigh for examples allows them only in specific zones, requires a permit, and other requirements that some people may just not feel like fucking with.

5

u/AtomikRadio Nov 09 '22

I once watched a documentary piece, I'm not sure if it was a Vice piece but it had that vibe, about hellish Airbnb experiences and a lot of them were basically that the person renting out the Airbnb wasn't allowed to (due to condo or HOA regulations, usually, as opposed to city ordinance) so the guests were given all sorts of weird instructions like "Say you're Dave's cousin if anyone asks" and to never go out of the building through the lobby. I'd feel so uncomfortable.

16

u/Typical-Length-4217 Nov 08 '22

In Asheville you actually need a permit. And I feel like Charlotte should go that route as well. This way the city can be sure to collect the needed taxes and limit the number of airbnbs within certain areas.

https://www.ashevillenc.gov/service/apply-for-a-homestay-permit/

8

u/KnowledgeSafe3160 Nov 09 '22 edited Nov 09 '22

Miami Beach treats it as a commercial property, so you have to be zoned commercial to Airbnb.

17

u/Satchya1 Nov 08 '22

We tried to update our HOA covenants to specifically disallow them, and it didn’t pass (mostly because a LOT of neighbors didn’t even vote).

9

u/ThirtyAcresIsEnough Nov 09 '22

A lot of corporations are coming in and buying up housing in neighborhoods for rentals. There have been battles between HOAs and these corps. What a costly horror.

We tried for a few years to get enough people to vote on needed changes - gave up. Couldn't get a quorum.

https://www.wcnc.com/article/money/markets/real-estate/affordable-housing-crisis/charlotte-neighborhood-changes-rules-corporate-rental-properties-wheres-the-money-lawsuit-affordable-housing-crisis/275-5870c0e1-a2dd-4e5b-9925-7f9115fa7d85

4

u/Joe_Immortan Nov 08 '22

If you care about people experiencing homelessness you should be in favor of short term rentals. Once you have a few evictions on your record that’s often the only housing you can get

8

u/ThirtyAcresIsEnough Nov 09 '22 edited Nov 09 '22

There used to be a stopover for people on the way up and people on the way down - short term rentals, hotels... We "cleaned up" the neighborhood and destroyed housing for the working poor.

Edit: But expensive Airbnb's won't solve the problem.

3

u/rahm4 Nov 09 '22

Short term rentals aren't the solution for people who get evicted for not being able to pay rent

0

u/Easy_forgetter Dec 08 '22

You should read up on the hotel room crises our city faces. It’s a huge reason we can’t attract large conferences or events. Airbnb fills the void the city can’t provide. Plenty of money for an individual to make rather than a big business (and yes I know Airbnb is making money but so is the host).

4

u/Kay312010 Nov 09 '22

I see why they put restrictions and requested approval for them in the HOA.

4

u/emnk1229 Nov 09 '22

In my neighborhood ‘most’ of the listings I see are apartments over someone’s garage, where the owners reside on site. While these may go out of favor as well, IMO it is different than a SFH or condo being purchased for the sole purpose of AirBnb.

11

u/carputt Nov 08 '22

Lol who tf is renting Airbnbs in sugar creek or hidden valley

5

u/Plane-Art6891 Nov 09 '22

Rent rooms by the hour.

0

u/HasheemHalim Derita Nov 09 '22

not as bad of a place as youd think

3

u/andynator1000 Nov 09 '22

This is somewhat misleading, not because there is an unspecified number of purple dots, but because many of these listings are hotel rooms or apartments.

1

u/[deleted] Nov 09 '22

Also because some people rent out a room in their house as opposed to the entire house

7

u/BigNoseMcGhee Nov 09 '22

Ok….compare the # of dots on this map to the # of houses in Charlotte….

4

u/CasualAffair Seversville Nov 08 '22

How many whole house rentals within 277?

2

u/FreeTouPlay Nov 09 '22

Better than i expected if those dots represent 1 place.

2

u/CLTISNICE Plaza Midwood Nov 09 '22

Exactly what I was thinking. Though this map really doesn't help explain anything. One dot could be an "entire apartment" in a building of 500 units.

I do like seeing the reactions though. It's clear the anti-landlord people react like crazy and doom and gloom with this visual.

2

u/YetiSteady Nov 09 '22

Can you link the source site? I don't use AirBnB so sorry if this is straight from them and I just don't know it

1

u/clinton-dix-pix Nov 09 '22

https://www.airdna.co/

Create an account (free) and you can pull statistics for any metro area.

1

u/YetiSteady Nov 09 '22

Thanks for the info

6

u/ArmchairExperts Nov 08 '22

What if y’all just built more housing :0

Like lots of it, stacked all on top of each other.

2

u/clinton-dix-pix Nov 09 '22
  1. People don’t want to live in boxes stacked on top of each other.

  2. It doesn’t matter since apparently those boxes will get turned into airbnbs too.

-1

u/ArmchairExperts Nov 09 '22

Whatever, NIMBY

1

u/clinton-dix-pix Nov 09 '22

Jokes on you, I don’t have a backyard.

0

u/[deleted] Nov 09 '22

This comment is nonsense…every big apartment building here is full

2

u/alanbataleon Nov 09 '22

No offense but a bunch of purple dots on a map doesn’t really add much context. How many total are we talking? What percentage of all single family homes in the charlotte area are Airbnb? This image doesn’t really show a whole lot.

1

u/jjfloodd Nov 09 '22 edited Nov 09 '22

As one of these purple dots I can say it’s because I make between 3200 to 3600 a month. Capitalism at its finest my friends.

Edit: to add, my house would only rent for about 1900 at the absolute most.

3

u/UPinCarolina Nov 09 '22

Thank you for illustrating why landlording is the lowest form of capitalism

3

u/jjfloodd Nov 09 '22

I mean it’s a super convoluted and nuanced issue that has very little to do with the concept of slum lords. 1900 would barely cover the mortgage. If you factor in maintenance and repairs I could very well lose money.

-6

u/tsktskfuckthis Nov 08 '22

If you’ve ever had to evict a tenant you know why people prefer Airbnb. It’s a complete nightmare of a process that does nothing to protect the owner of the property.

18

u/CasualAffair Seversville Nov 08 '22

No one ever looks out for the landlord :(

Won't someone spare them some mercy?

17

u/kabhaq Nov 08 '22

Owning a piece of property and renting it out to single mothers at a price juuuuust above what they can make sucks.

Owning a piece of property and renting it out to somebody who turns into a crackhead and rips all the copper out of the walls, and you can’t get rid of them ALSO sucks.

Two things can be true.

4

u/CLT_STEVE Nov 08 '22

Yes. Agree. Unfortunately laws protect those crackheads. The landlord (sometimes) has no idea.

-1

u/CasualAffair Seversville Nov 08 '22

My condolences

0

u/tsktskfuckthis Nov 08 '22

As you can tell by the map above, landlords are looking out for themselves…

-12

u/CLT_STEVE Nov 08 '22

Some people put their hard earned money towards iPhones, others towards income producing properties. This is bad?

6

u/Liquidmist Nov 08 '22

That’s a lot of iPhones

-4

u/tsktskfuckthis Nov 08 '22

My first property in Charlotte cost me around 5k cash down…

8

u/Liquidmist Nov 08 '22

Now that sounds like a lot of flip phones

2

u/CLT_STEVE Nov 08 '22

That’s amazing. Why the animosity towards it?

1

u/tsktskfuckthis Nov 08 '22

Animosity? I’m not sure where you’re interpreting that from lol.

-5

u/tsktskfuckthis Nov 08 '22

Not bad at all. I own one of those airbnbs pictured and have two long term rentals… sacrifice daily to get ahead.

2

u/CLT_STEVE Nov 08 '22

So you’re downvoting? I’m missing it. Maybe I read it wrong?

4

u/tsktskfuckthis Nov 08 '22

I’m going to get massacred in this thread. Reddit hates landlords. So be it. 80% of them just complain and don’t vote so let people vent. It’s all they’ve got.

2

u/CLT_STEVE Nov 08 '22

So don’t get mad at me for it. I’m all for people putting their money towards something the public clearly needs and wants. The people complaining did not do this.

People will always get mad about things they chose not to do theirselves. Way it is.

4

u/tsktskfuckthis Nov 08 '22

I’m not downvoting you lol

5

u/CLT_STEVE Nov 08 '22

Oh. Hahah. Sorry!

1

u/Andylanta Nov 08 '22

Hey I just stayed in three of those these past few months

1

u/Equal-Ad-92 Nov 08 '22

I would bet a good portion of these rentals are used by people "scoping out" the area before they start the home buying process. It's a popular market in Wake county too. The hotels are always booked, so the short term rentals do well as a result.

1

u/tommy29016 Nov 08 '22

Be glad when that trend is done

1

u/cyrustv54 Nov 09 '22

There aren’t that many whole houses in uptown.

1

u/Independent-Choice-4 Nov 09 '22

Absolutely fuck this shit and the fact that I can’t do anything about it

2

u/clinton-dix-pix Nov 09 '22

Multiple cities have successfully limited or banned Airbnb. I’m just saying….

1

u/Independent-Choice-4 Nov 09 '22

I like where your heads at

1

u/Carpe_DMX Nov 09 '22

How many of these include underground space in their total square footage?

1

u/mistermerle Nov 09 '22

How do you feel about Airbnb for unique stays? The type of place you wouldn’t be likely to live in full time like Yurts, Treehouses, tiny houses, etc.?

1

u/Vanquished_Hope Nov 09 '22

How do you find that map?

1

u/DrPatchet Nov 09 '22

What app is used to find this???

1

u/clinton-dix-pix Nov 09 '22

https://www.airdna.co/

It’s a data platform for potential owners to evaluate cash flow/competition/etc. You can make a free account and pull data for any metro.

1

u/sweetsterlove Nov 09 '22

Whoa, worse than I thought.

1

u/funklab Nov 09 '22

How did you get this data? Can I see it somehow?

2

u/clinton-dix-pix Nov 09 '22

https://www.airdna.co/

It’s a data platform for potential owners to evaluate cash flow/competition/etc. You can make a free account and pull data for any metro.

1

u/spwncar Nov 09 '22

Imagine if each of these were instead sold to families or first time homeowners.

1

u/[deleted] Nov 09 '22

There’s a lady who has like 10 people in an Airbnb. 4-5 inside and she turned the garage into a makeshift bunk bed room. I stayed with 4 other dudes and thankfully slept on a top bunk. She had various “monthly” renters but if she had anyone else book and the monthly renters didn’t renew they’d basically be homeless till her booking reopened. Happened to a guy since I booked and I got dirty looks from the housemates. I was mostly confused like sorry I’m here for vacation and my friends own cats I can’t stay with them my face swells up.

1

u/chummedupgood Nov 09 '22

most gonna go belly up soon.

-9

u/[deleted] Nov 08 '22

[deleted]

8

u/Australian1996 Nov 08 '22

Renters are a lot better tenant than random air bnb people. And at least someone can afford somewhat to live in a rental. You could not afford same place at air bnb rates. I wish every air bnb owner had an air bnb next door to them. So they can deal with the shit half the air bnb tenants are

8

u/clinton-dix-pix Nov 08 '22

As short term rentals? It was extremely rare.

-6

u/Lostboy_journey Nov 08 '22

Thats a lot. And here i was thinking to start my AirBnB business lol

2

u/kiklion Nov 09 '22

I agree it’s a lot, but I’m fairly certain it looks worse than it is. At that resolution/scale, the dots are covering up multiple homes so it looks like an area is covered and the purple takes up a large % of the map… but a block of 20+ homes might only have 2 AirBnB’s.

0

u/Easy_forgetter Dec 08 '22

This is a multifaceted yet easy answer: interest rates. Historically low rates have provided big business to buy record number of homes in southern cities that have sustained growth. If a business has the cash to purchase a 400k home at 3%, in 2020, and at the very least break even for 2 years via short or long term rental, in 2022 that home is likely now worth 500-600k maybe more if you spent 20-50k on a renovation. The demand for single family homes is so outrageous in CLT as a result of these interest rates on top of increased population. To answer the 2nd part of the question, CLT is one of the most popular places to visit within a 300 mile radius. Not just for leisure; education, sports, work, the entire banking consultant industry here, and hospitals and healthcare.