After 10 Years, I’m Checking Out of Airbnb for Good. Here’s Why.

Rebecca Holcomb

Stressed Man with laptop

If you've never stayed at an Airbnb, count yourself among the few and far between. In August of 2008, Brian Chesky, Nathan Blecharczyk, and Joe Gebbia founded their company by opening up rooms for rent as an alternative to hotels or hostels. Between 2008 and now, their company has grown to a $31 Billion valuation. Unfortunately, they're losing users left and right. Here's Max's story.

Reservation Fiasco

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Max needed an Airbnb for a month and made a reservation for one that cost him a hefty $3000. In the initial reservation process, he forgot to add his girlfriend as a second guest, but when he went to do so, he found an extra charge of $2000 would apply despite them sharing a single double bed. Unable to afford the $5000 bill, he requested to cancel the reservation, seeking a full refund as it had only been a matter of a few hours since he placed the reservation. For Max, the response from the Airbnb owner was surprising in a nauseating way.

Bad News

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After requesting a refund, the host told Max there would be no refund of his initial purchase of $3000. Now, not only is he out that amount of money, but he and his girlfriend no longer have a place to stay. He can't afford to rent another space and is in a predicament. Frustrated by his experience and the unkindness of the host he interacted with, Max took to social media to lament his encounter. When his story hit the internet, plenty of netizens had advice for the longtime Airbnb user.

1. Put up a Fight

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One interested party thought Max should work at getting his money back and offered a solution that may work. “A credit card chargeback could work if you never use it again. For $3,000, put up a fight.”

2. Dispute It

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Another commenter thinks Max's only recourse would be to dispute the charge. “Screenshots of the convo and time stamps and argue it with the credit card company. I hope you used a credit card and not a debit. Your only recourse is to dispute it but for $3,000. What's your time worth? I got time for $3,000.”

3.  Chargeback Bust

Chargeback
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One individual quickly let Max know that a chargeback might not work as he'd hoped. “Chargeback will be a waste of time. I charged back once after a host wouldn't let me on their property unless I gave them a ridiculous off-platform deposit, which their listing didn't state. I canceled the listing instead of just leaving it, and Airbnb ended up putting together a huge file showing the UX and terms and got the chargeback undone because I canceled instead of letting the listing sit, just as Max did. Once you do that, you're out of luck.”

4. Unpredictable

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One contributor noted the fees and “chore” lists that some Airbnb's tack onto their requirements when booking a stay. “AirBnB seems nuts for anyone who wants consistency and dependability, especially as a loyalty member with status at two hotel chains. I stopped considering listings three years ago as Airbnb wants a premium for a worse, unpredictable stay.”

5. One Person Rental

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Several users wondered why Max didn't just use the Airbnb without adding his girlfriend as a guest. “You didn't consider staying with your girlfriend as a one-guest reservation? You won't be the first person doing it; what's the worst thing that could happen: get banned from Airbnb? You are quitting it anyway now.”

6. Attorney General

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One person even suggested a call to the Attorney General's Office. “Go through your state's AG and try to get your money back. Point out how stoked the host was that you accidentally clicked something they could have easily dealt with. That's thousands of dollars in a place nobody's staying in.”

7. Why Again?

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Someone wanted to know why Max took the process he used. “Why did you cancel the reservation? You've now let the host rent this out to another during your planned stay and make more money. Plus, you won't be able to leave a negative review. I would have kept the booking open and ignored his messages and emails when the time arrived.”

8. Extra Towels

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One knowledgeable traveler suggested always inputting the highest number of free guests allowed to stay wherever you're booking accommodations. As they said, “I always input the highest number of free guests even if I'm solo. Worst case, I get some extra towels for free.”

9. Concur

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Several respondents agreed that Airbnb can be sketchy, way too much hassle, and often more expensive than a quality hotel. “Concur hotels are often cheaper, less hassle, and known quality; hosts charge exorbitant hidden fees and act like they're doing you a favor.”

Once Bitten, Twice Shy

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Even reading the fine print here might not have saved Max from flushing three grand down the proverbial toilet. A chargeback seems iffy, given the responses online, and even reaching out to Airbnb directly seems like a long shot. I can almost guarantee that Max won't be using Airbnb for a long time, and even a hotel's fine print will get a fierce once-over considering this terrible mistake.

‘Rooms’ for Gains: Could These Hotel Stocks Surge from Airbnb Woes?

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Airbnb has had a wild ride in recent weeks. In September, the accommodation platform was ushered into the S&P 500 – the leading benchmark of stocks – just as it got effectively shut out of New York City, one of its largest global markets.

‘Rooms’ for Gains: Could These Hotel Stocks Surge from Airbnb Woes?

Uber Shifts Gears to Profitability: Time to Buy?

Uber
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After leaving investors waiting for years, Uber is finally at the door, with profits in hand. The mega app's pivot to profit and its approach to the S&P 500 have shifted the outlook for this one-of-a-kind tech stock. This shift in gears may open up a timely opportunity for an Uber play.

Uber Shifts Gears to Profitability: Time to Buy?

12 Ways to Invest That Don’t Involve The Stock Market

Yes
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If you believe the stock market is overrated, you are not alone. Many people believe that sometimes the stock market can be incredibly volatile – which is not a bad claim regarding the nature of the stock market. This is because many people seek different types of investments that don't involve the stock market. These investments might not be as rewarding as the stock market, but they are safer and more reliable.

12 Ways to Invest That Don’t Involve The Stock Market

Source: RedditBusiness Insider.

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