Airbnb has revealed how many gatherings its “Under-25 Anti-Party System” has blocked since its implementation in the summer of 2020.
The system, which prevents guests under the age of 25 from booking entire local home listings if they have fewer than three positive reviews, blocked more than 48,000 “potentially disruptive” parties statewide. More than 4,100 potential parties were blocked in Austin in 2021.
The following celebrations saw the most cancellations in Austin:
- Fourth of July: More than 1,700
- Halloween: More than 1,000
- New Year’s Eve: More than 1,400
The anti-party system was implemented first in Canada after a house party ended with three people dead. It was then brought to the States a little over six months later. Airbnb said the initiative has resulted in a “meaningful drop” in destructive bookings.
From summer 2020 to summer 2021, the capital city fell relatively low on the list nationwide with 3,800 blocked. Los Angeles topped the list for most parties blocked at 15,000, with Atlanta and Chicago following closely behind at 12,000 and 10,000 blocked bookings, respectively. Blocked bookings in Dallas nearly doubled Austin’s at 7,000.
Additionally, Charlotte and Las Vegas beat out Austin with 5,100 and 4,500 blocked bookings.
For those under the age of 25, never fear, you are able to book on Airbnb outside of your home city. Plus, as long as you have a good Airbnb history or if you’re making a single room or long-term rental reservation, those under 25 can still book a listing.
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Elon Musk has proposed once again to buy Twitter for $54.20 a share.
The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.
The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.
While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.
The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.
After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.
With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.
He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.
Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.
Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.
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While searching for a place to live, Austin renters will face monthly rates of nearly $3,000, a recent guide from rental marketplace Dwellsy shows.
The median rent in August this year was $2,930, a more than 86% increase since August 2021. That’s $820 more than the nationwide median asking rent in August and puts Austin just below the Bay Area, Boston and New York for large cities with the most expensive asking rent.
“Within this group, Austin, TX stands out for the highest increases in asking rent, which has nearly doubled since this time last year,” the study notes.
Outside of those large cities, however, others are seeing even higher rent spikes. Metro areas that ranked above Austin in one-year increases include those like Kansas City, MO with a 112% change in rent since last August and Tucson, AZ with a 124% change.
The data reflects large apartment communities, single-family homes and 2-6 unit buildings.
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