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7 mentions found


☆ The vicious cycle of homeowners insurance: It's increasingly expensive to protect homes in the disaster-prone areas that need it most
  + stars: | 2023-09-20 | by ( Dan Latu | ) www.businessinsider.com   time to read: +6 min
Earlier this year, Allstate joined State Farm in no longer offering new home insurance in California over climate risk. Across the country, 83% of prospective homebuyers said climate risk factored into where they are shopping for homes, according to a recent Zillow study. Danny Collins of Hobe Sound, Florida, told Insider in July how the bank holding his mortgage raised his monthly rate by $1,000, citing increased flood insurance. Matheus told Insider. Have you moved or are you considering a move because of climate risk and extreme weather events?
Persons: Carolyn Kousky, Berkshire Hathaway, Vox, Dave Jones, they'll, Danny Collins, Collins, Bob Stephens, Stephens, Martha Flanagan, Jason Beury, Charles Matheus, Kelly Roberge, Matheus, Dan Latu Organizations: Service, The Washington Post, Environmental Defense Fund, Allstate, Berkshire, Nationwide, National Association of Insurance, . Erie Insurance Group, Washington Post, State Farm, Farmers Insurance, Insurance, Wall Street, Journal, Hobe, Marathon Locations: Florida, Kansas, New York, California, Louisiana, United States, Coral, Florida's, Hobe Sound, Arizona, Brooklyn , New York, Kansas City , Kansas, Utica , New York, dlatu@insider.com
☆ The golden years for NYC Airbnb hosts are over
  + stars: | 2023-09-18 | by ( Dan Latu | ) www.businessinsider.com   time to read: +4 min
Airbnb listings in September fell to 4,600, a staggering 77% drop since June. AdvertisementAdvertisementOnly 4,600 short-term listings in New York City remain on Airbnb this month compared with over 20,000 active listings in June, according to analytics site AirDNA. It also found that Airbnb listings for stays longer than 30 days, which would be okay under the city's new rules, jumped from 54% of all listings in August to 88% in September. Florence banned new short-term rentals in the historic city center, while Paris capped how many days hosts could rent. Are you a New York City host affected by the newly enforced regulations?
Persons: Christine Blackburn, Blackburn doesn't, That's, Airbnb, Brian K, Lewis, Florence, Dan Latu Organizations: Service Locations: Wall, Silicon, New York, York, Brooklyn, Fort Greene, New York City, Ridgewood , Queens, Paris, Dallas, Philadelphia, dlatu@insider.com
☆ Natural disasters are making it harder for you to insure your home — and costing homeowners thousands
  + stars: | 2023-08-22 | by ( Dan Latu | ) www.businessinsider.com   time to read: +3 min
These are the issues that are plaguing Florida," Collins told Insider. The climate crisis is impacting the cost of homeownership nationwide, as insurance companies adjust their models based on the shifting frequency and scale of natural disasters. Tell us how the climate crisis is affecting you and where you live. Homeowners left in a lurchIn California, homeowner Nick told Insider that he couldn't find affordable insurance for his $100,000 cabin in the Klamath National Forest. "We never thought the fires could be this frequent and this bad," he told Insider.
Persons: Danny Collins, Collins, it's, That's, Dan Latu, Nick, wasn't, Bob Stephens, Stephens Organizations: Service, Homeowners, Klamath National Forest, New York Times, State Farm, Insurance Locations: Florida, California, Wall, Silicon, Klamath
☆ After an unpredictable summer, Airbnb and Vrbo operators are deciding if the headaches of hosting are worth it
  + stars: | 2023-08-21 | by ( Dan Latu | ) www.businessinsider.com   time to read: +5 min
Airbnb and Vrbo demand is strong this summer, but a glut of supply continues to pinch hosts. But some hosts said, even with the demand, the headaches of hosting are no longer worth the money. Courtesy of Ryan VillinesAfter a grueling summer, Airbnb and Vrbo operators are deciding if the headaches of hosting are worth it. "I could be on vacation or out having drinks with friends, but I'm going to have to reply to Airbnb guests who can't get in or can't find the street," she told Insider. Are you a short-term-rental host deciding whether to stay in or leave the industry?
Persons: It's, Ryan Villines, Villines, Peggy Gascon, Ric Kenworthy, Kenworthy, Jen Kelman, She's, Kelman, she's, Dan Latu Organizations: Service, Phoenix Locations: Wall, Silicon, Airbnb, Missouri, Phoenix, Pine , Arizona
☆ I moved to Kansas from New York City to be safe from flooding, afford a bigger house, and put roots down
  + stars: | 2023-05-02 | by ( Dan Latu | ) www.businessinsider.com   time to read: +5 min
Landscape architect Jason Beury, 40, moved from Brooklyn, New York, to Kansas City, Kansas, in 2020. He thinks Kansas City is an up-and-coming destination for people moving from other states. So if I want to build equity in the property, New York City is not the place, both because New York City is so expensive and partially because of climate change. Kansas City, Kansas, is a suburb of Kansas City, Missouri, pictured here. We found a little house listed at $206,000, a two-bedroom, two-bathroom brick house from the 1920s in Strawberry Hill in Kansas City, Kansas.
☆ Your Airbnb is watching you
  + stars: | 2023-03-04 | by ( Dan Latu | ) www.businessinsider.com   time to read: +4 min
Airbnb hosts are hotly debating the appropriateness of security cameras. Some guests and hosts say it's an invasion of privacy for vacationers. Arizona host Zach Narus says cameras provide a "peace of mind" to his guests, just as much as they do for him. Once a guest messaged Narus that there was a loud banging outside the property and asked him to use the security cameras to check for an intruder or wildlife. Disclosing the use of cameras, Narus says, discourages bookings that are looking to throw a party.
☆ It's getting harder and harder to own and run Airbnbs in these 18 cities and towns
  + stars: | 2022-10-12 | by ( Jordan Pandy | Dan Latu | Robert Davis | ) www.businessinsider.com   time to read: +2 min
COVID-19 sparked a boom in short-term rentals, and AirDNA found listings hit a record high in 2022. 18 cities across North America are looking to rein in Airbnbs and short-term rentals. From the beaches of California to the mountains of Vermont, communities are grappling with what the future of short-term rentals looks like. Some cities have simply called timeout: Chattanooga, Tennessee, paused new applications for non-owner-occupied units as it considered short-term rentals' future there. Here are 18 cities in the US and Canada where residents and local politicians are fighting back against short-term rentals.
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