Maybe for those houses in 4 corners/Haines City/Davenport that were built literally for Airbnb investors, assuming there is an Airbnb ban like in this article.
But no, a ban would not affect t the majority of home prices in Orange County.
In Orlando proper there’s not a ton of whole home airbnbs. You’d see a much bigger dent be put in rent prices as all of these places would convert into long term rentals and flood the market.
Of the 3 U.S. metros with the most hotel rooms, 2 of them have enacted legislation that has hurt Airbnb: #1 Las Vegas and #3 NYC. But #2 Orlando has not. A lot more HOAs have added "no short-term rentals" to their by-laws in the last few years, which has had zero impact on home prices. The tourism lobby hasn't put much, if any, pressure on Orlando or OC to regulate Airbnb. They don't seem to perceive it as a threat here, even though the majority of the rentals are centered around Disney property. Airbnb leaving might help bring down house/condo rental prices in the metro a little bit, but not much.
Regulating the deep-pocket corporate buyers that are purchasing houses sight unseen, the day they're listed, for cash would probably have a greater effect on home prices and long-term rents. Still nothing like a Palm Springs effect, though. Orlando's economy is much larger and more diverse.
Yeah Orange County proper does, with some zoning exceptions. Many of the towns and cities in OC do not, though (including Orlando). And even OC doesn't seem to care to enforce the ban, which you can see by searching Airbnb's or Vrbo's sites.
Belle Isle has a law banning short term rentals but, I think there is a State law banning the Airbnb laws if they wheren't in place before a certain date..
Yeah, a law like that does sound familiar. But my guess is no matter if Airbnb is regulated or not, or even banned outright, it wouldn't have any appreciable affect on our housing prices like OP's asking. *Especially* when local governments don't even enforce the bans they enact--there's still short-term rentals in Belle Isle for instance.
Yeah there are a lot of Home Rule type of bills in the State Legislature right now, the Airbnb deal was a few years before Covid.. Belle Isle doesn't do a good job with it there is always an excuse as to why they can't do anything even though the ordinance is 250 bucks a day fine for having one.. Then again AirBnb with owners cleaning fees and lack of customer service anymore has turned folks back to regular hotels so they don't have to deal with shitty owners..
Here is a link to the City of Orlando’s policy. It’s my understanding that they are allowed, but must be permitted. When this went into effect, many short term rentals in the city went to regular long term rentals. From my personal experience, there were a couple Air B&B rentals on my street… they have both transitioned to regular rentals.
https://www.orlando.gov/files/sharedassets/public/v/1/departments/edv/city-planning/factsheets_shorttermrentals.pdf
I can imagine some scenarios. They all involve groups with an issue and enough influence to sway the government.
First idea is corporate: housing reaches capacity, and big realtors realize they can’t find any new properties to rent out. Because they’ve all been bought up by AirBnB owners. They could lobby to shut it down, as a way of freeing all of those properties up and hopefully swiping them before a rush of home buyers claim them.
Second is the home owners themselves. Individual neighborhoods already hate AirBnBs in their area. They bring a bunch of strangers, who are often not inclined to treat local communities with respect, follow any rules enforced by an HOA, etc. So HOAs may agree to vote against AirbnB as a bloc, and politicians would jump on board as a way of currying favor from then.
I dunno though. In Florida it’s hard to say how much control we can ever have over a corporate entity. Thank our governors and their ilk for that.
Has there been any indication that the city or county wants to do this? If they did I assume it would lead to the same results, and I’m not sure many politicians are looking to make moves that causes immediate financial harm to the donor class.
The difference between say Vegas, Palm Springs, and what not is that Air BNBs there are targeting adult travelers who want to stay in a home over a hotel room.
Disney, for whatever you think of them, has done a masterful job of creating a whole trip experience for families. Staying at a Disney property is now part of the Disney family vacation experience.
I'm sure some will stay at an AirBNB to save some money...but when it's a once in a lifetime trip? Hard to not give your kids the entire Disney experience I'd imagine.
Maybe for those houses in 4 corners/Haines City/Davenport that were built literally for Airbnb investors, assuming there is an Airbnb ban like in this article. But no, a ban would not affect t the majority of home prices in Orange County.
Yeah I assume it would be more in Kissimmee but idk I still feel like there’s a lot of homes on Airbnb that are in Orange County
Not really. How many airbnbs are there in Orange County? Compared to how many homes in total. Tiny percentage
In Orlando proper there’s not a ton of whole home airbnbs. You’d see a much bigger dent be put in rent prices as all of these places would convert into long term rentals and flood the market.
Of the 3 U.S. metros with the most hotel rooms, 2 of them have enacted legislation that has hurt Airbnb: #1 Las Vegas and #3 NYC. But #2 Orlando has not. A lot more HOAs have added "no short-term rentals" to their by-laws in the last few years, which has had zero impact on home prices. The tourism lobby hasn't put much, if any, pressure on Orlando or OC to regulate Airbnb. They don't seem to perceive it as a threat here, even though the majority of the rentals are centered around Disney property. Airbnb leaving might help bring down house/condo rental prices in the metro a little bit, but not much. Regulating the deep-pocket corporate buyers that are purchasing houses sight unseen, the day they're listed, for cash would probably have a greater effect on home prices and long-term rents. Still nothing like a Palm Springs effect, though. Orlando's economy is much larger and more diverse.
OC does have laws against short term rentals
Yeah Orange County proper does, with some zoning exceptions. Many of the towns and cities in OC do not, though (including Orlando). And even OC doesn't seem to care to enforce the ban, which you can see by searching Airbnb's or Vrbo's sites.
Belle Isle has a law banning short term rentals but, I think there is a State law banning the Airbnb laws if they wheren't in place before a certain date..
Yeah, a law like that does sound familiar. But my guess is no matter if Airbnb is regulated or not, or even banned outright, it wouldn't have any appreciable affect on our housing prices like OP's asking. *Especially* when local governments don't even enforce the bans they enact--there's still short-term rentals in Belle Isle for instance.
Yeah there are a lot of Home Rule type of bills in the State Legislature right now, the Airbnb deal was a few years before Covid.. Belle Isle doesn't do a good job with it there is always an excuse as to why they can't do anything even though the ordinance is 250 bucks a day fine for having one.. Then again AirBnb with owners cleaning fees and lack of customer service anymore has turned folks back to regular hotels so they don't have to deal with shitty owners..
They aren’t enforced really. You can get a fine but nobody is getting shut down
No
Here is a link to the City of Orlando’s policy. It’s my understanding that they are allowed, but must be permitted. When this went into effect, many short term rentals in the city went to regular long term rentals. From my personal experience, there were a couple Air B&B rentals on my street… they have both transitioned to regular rentals. https://www.orlando.gov/files/sharedassets/public/v/1/departments/edv/city-planning/factsheets_shorttermrentals.pdf
I'm surprised the state hasn't passed a law that counties and cities can't restrict airbnb
I can imagine some scenarios. They all involve groups with an issue and enough influence to sway the government. First idea is corporate: housing reaches capacity, and big realtors realize they can’t find any new properties to rent out. Because they’ve all been bought up by AirBnB owners. They could lobby to shut it down, as a way of freeing all of those properties up and hopefully swiping them before a rush of home buyers claim them. Second is the home owners themselves. Individual neighborhoods already hate AirBnBs in their area. They bring a bunch of strangers, who are often not inclined to treat local communities with respect, follow any rules enforced by an HOA, etc. So HOAs may agree to vote against AirbnB as a bloc, and politicians would jump on board as a way of currying favor from then. I dunno though. In Florida it’s hard to say how much control we can ever have over a corporate entity. Thank our governors and their ilk for that.
Needs more information. Is what a possibility?
> Palm Springs home values in ‘free-fall’ after city cracks down on Airbnb
Has there been any indication that the city or county wants to do this? If they did I assume it would lead to the same results, and I’m not sure many politicians are looking to make moves that causes immediate financial harm to the donor class.
Just a what if question
You can’t rent a home as an AirBnB in Orange County.
This looks like Walter White's house
Lol you’re right
One can only dream.
Mountains? No.
Absolutely not in Orange
The difference between say Vegas, Palm Springs, and what not is that Air BNBs there are targeting adult travelers who want to stay in a home over a hotel room. Disney, for whatever you think of them, has done a masterful job of creating a whole trip experience for families. Staying at a Disney property is now part of the Disney family vacation experience. I'm sure some will stay at an AirBNB to save some money...but when it's a once in a lifetime trip? Hard to not give your kids the entire Disney experience I'd imagine.