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
Guided meditation for students
Welcome and thanks for joining me on this. Let’s call it a voyage of the mind. So before we begin, posture and breathing make a big difference in meditation. So if you’re not already on a nice firm chair with your back straight, pause this recording and g…
Russian Dating School | Explorer
[music playing] TIM SAMUELS: If turning the clock back to the 1950s wasn’t far enough for me and my cushion tush, I have a date with another popular school. One that draws its inspiration from caveman times. Valentina Vychushanina’s class encourages men …
Memories Make Us Who We Are | Breakthrough
Steve believes our identities are built on memory. [Music] When you think about memory, it is the thing that threads and unifies our overall sense of being. So, without it, we become stuck in time, right? And we lose our [Music] identity. But how reliab…
Barry Sloane: Playing Edward Winslow | Saints & Strangers
Edie Winslow was an emissary between the Saints and the Peconic tribe. Two knives, comprised of fine steel with ornate design, served as a symbol of strength or civic trust. He was a great friend of William Bradford’s and later would go on to not only be …
Shark Awareness Day | Pristine Seas | National Geographic
For more than 400 million years, sharks have been vital to the health of our oceans. Sharks are apex predators, by balancing food webs and keeping prey populations healthy. Sharks keep ecosystems healthy. With all these, all these sharks around the submar…
What are tax forms? (Part 2) | Taxes and tax forms | Financial literacy | Khan Academy
In this video, we’re going to go into some forms that are very useful when you are filling out your income taxes. If you work for someone as an employee, first and foremost, you’re going to get a W-2 form. I always find the W-2 form interesting. You typic…