Over half of all new condos being built in Miami are specifically for short-term rentals

[H'ton]

Serious Question for those in the know...Is Miami even a real city, with an established multi-generational core, or is it a gateway portal for recent arrivals fueled by foreign investors, and not the local economy?


I remembered during Covid, all of the developments became ghost buildings because the developers were projecting the 'In and Out' residential model that was obviously halted due to the pandemic.


So..does Miami have an authentic genuine core, like most other US cities, or is it all portal type residents?

[beach43ofus]

Originally Posted by gixxer1000

Again these are essentially hotels. So unless your argument is that hotels bring crime this makes no sense. Most of these units are MORE expensive than renting in a cheaper hotel units. The are essentially furnisher apartments that are rented out as hotel units.

Not sure how renting a studio apartment at $300/night is going to lead to more crime?

Short-term rentals come with higher crime studies show. I'll try to find a link for you. The basic idea of the study was that the people renting short-term do not have permanent ties to the community, so don't feel as obligated to live by the social mores and norms found in local communities.

The State and local gov't jurisdictions have regulatory concerns regarding short-term rentals too.

Short term rentals can cause long term lease rates to climb 23% one study found, which hurts permanent residents in the community:

https://www.floridapolicy.org/posts/...t-term-rentals

Short-term rentals have always been frowned upon, & there are many reasons why. Crime is just one of those concerns.

edited to include this link showing a gradual increase in crime with airbnb short term rentals in a study done in Boston:

https://news.northeastern.edu/2021/0...ime-heres-why/

[Corrie22]

Originally Posted by H'ton

Serious Question for those in the know...Is Miami even a real city, with an established multi-generational core,

you have to realize the phenomenal growth Miami has experienced....

what would be a core has been extremely diluted

Dade Co in 1920 was ~40,000.....100 years later it's way over 2 1/2 million

[Arcenal813]

Originally Posted by silverct9a

Clarify most housing Are you meaning the SFHs as well or most housing in the Brickell area? As I'm sure you're aware, Miami isn't just trendy neighborhoods...real families live here too and I'm sure they're permanent.

I'm pretty sure he's referring to Brickell, Downtown, and the towers along the coast. But primarily Brickell.

[gixxer1000]

Originally Posted by Corrie22

no they are not essentially hotels......in a hotel....each unit is not owned by a different owner...with a different standard of who they rent to and who they don't

This just isn't the case.

...with the added flexibility to list on Airbnb as desired. This Airbnb advantage is fully supported by Natiivo Miami’s MasterHost who will facilitate the guest stay.

These are hotel rooms that are also listed on AirBnB. AirBnB is just acting as the booking agent. For example you can go directly to the FountainBleau website and book a room. You can go to Booking.com, Expedia or countless other's travel websites. OR you can go to AirBnB and book the SAME room at the hotel.

This is no different. The buildings are setup to be ran as hotels with controlled access, room service, amenities, security, etc.

As an owner you can put your unit in the pool of units to be rented out through the "hotel" as well as have the unit listed on AirBnB.

The AirBnB is just a markerting gimmick. These are tradition condo hotels. The main difference being instead of just putting your unit in a pool of other units you can also choose how you want to market the unit on AirBnB in hopes of getting for guests. But there are not "standards" that you can change as once they book the room they have to comply with all the regulations as every other guest.

[gixxer1000]

Originally Posted by beach43ofus

Short-term rentals come with higher crime studies show. I'll try to find a link for you. The basic idea of the study was that the people renting short-term do not have permanent ties to the community, so don't feel as obligated to live by the social mores and norms found in local communities.

The State and local gov't jurisdictions have regulatory concerns regarding short-term rentals too.

Short term rentals can cause long term lease rates to climb 23% one study found, which hurts permanent residents in the community:

https://www.floridapolicy.org/posts/...t-term-rentals

Short-term rentals have always been frowned upon, & there are many reasons why. Crime is just one of those concerns.

edited to include this link showing a gradual increase in crime with airbnb short term rentals in a study done in Boston:

https://news.northeastern.edu/2021/0...ime-heres-why/

Again all of this misses the point. You are referring to short term rentals in either buildings or neighborhoods that are not designed for short term rentals.

For example if you have a single family neighborhood where all the people live there and know each other, then of course having people who care nothing for the neighborhood stay for a couple of days is going to have consequenses.

Similarly if you have a tradition condo building with a traditional HOA and no way to regulate short term guest then having people staying for a couple of nights partying at the pool deck with no regulation is going to cause problems.

These problems however aren't really an issue for a hotel. ALL of the guests are already transient. The entire building is set up to handle transiet guests. These AirBnB buildings are set up as hotels. The only difference is that hotel room is owned by an individual.

Imagine a tradtional condo building. If 30 people are using AirBnB then you have 30 seperate cleaning companies entering the building. These AirBnB buildings have one central cleaning company staffed by people who work AT that building.

When you list on AirBnB the property gets a cut of the fee because again they are managing the unit just like any other hotel.