yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

How AirBnb will Crash the Housing Market


less than 1m read
·Nov 7, 2024

Here's how Airbnb could crash the U.S. housing market.

There are over 1 million properties listed on Airbnb here in the United States. In recent years, there's been a huge trend of small investors buying single-family houses to then list on short-term rental sites like Airbnb. Owners of these properties have made a ton of money over the past two years as demand for travel has been strong.

Oh, but things are changing. Consumers are getting hit with inflation, and consumers have less savings to spend on luxuries like travel. Many owners of these properties use a special type of loan to make this investment: a vacation property loan. These loans only require as little as five percent down compared to the normal investment property loan of 25 percent down.

If bookings slow down from historical highs, these small-time investors could quickly drain their reserves. Assuming even one-third of the million Airbnb properties have to be sold, that will more than double the supply of housing units on the market from Spring of 2022 levels.

This much inventory flooding the market, combined with the highest mortgage interest rate in decades, will put downward pressure on the housing market. Check out the full video on my channel for more. It's linked in the comments and video description here.

More Articles

View All
FTC Chair Lina Khan at Y Combinator
Thanks everybody for coming to White Combinator today. Uh, we’re so excited, uh, to host Cherina Khan of the Federal Trade Commission. Um, you know, uh, so I’m Luther LOM, the new head of public policy at White Combinator, and um, this is the first event …
How Many Dots? IMG! #50
Wait, hold on a second. I have a tail? Whoa! And how many red dots can you count? Look close. It’s episode 50 of IMG! Static electricity and packaging peanuts are always fun together, so is the creation of atom, even though cats and dogs can do it too. O…
One Good Tuna Deserves Another | Wicked Tuna
Get this guy over there! It’s pitch black. We got our anchor line out and so to a bunch of other boats around us. We got to make sure that our fish doesn’t come in contact with any of the other anchor lines in the water or it will be a huge paycheck. This…
What It's Like to Make a Show About the Islamic State | The State
We carried out about 18 months of research for the state National Geographic drama. We had a team of researchers based in Britain working internationally. There’s a huge amount of material on social media. There’s a huge amount of video material posted by…
Worked example: Lewis diagram of formaldehyde (CH₂O) | AP Chemistry | Khan Academy
What we’re going to do in this video is get a little bit more practice constructing Lewis diagrams. In particular, we’re going to try to construct the Lewis diagram for formaldehyde. Formaldehyde has one carbon, two hydrogens, and an oxygen, CH₂O. So pau…
Pedigree for determining probability of exhibiting sex linked recessive trait | Khan Academy
We are told the pedigree chart represents the inheritance of color blindness through three generations, and we see this here. The standard convention is a square is male, a circle is female. If it’s colored in, that means that they exhibit the trait; in t…