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
Computing a Jacobian matrix
So just as a reminder of where we are, we’ve got this very nonlinear transformation. We showed that if you zoom in on a specific point while that transformation is happening, it looks a lot like something linear. We reasoned that you can figure out what l…
Safari Live - Day 226 | National Geographic
This program features live coverage of an African safari and may include animal kills and carcasses. Viewer discretion is advised. This is why the inclement ride is such a firm favorite. Miss Pinkie Toe, it just looks ready for a fight. This is still her …
5 Morning Habits That Will Skyrocket Your Productivity
You know, most people have never been taught the art of indulging in productivity porn, and that’s why they’re never going to escape the rat race. But we’re here to fix that. Here are five morning habits that will skyrocket your productivity. Welcome to a…
Two Days to Delivery | Big Fish Texas
Yeah baby, let the games begin! We have 15,000 pounds of fish to catch. That’s a lot of fish to pull over rail! I don’t care who you are. I almost got every hook. Might be little great here on me, but I got this. I’ve been doing this my whole life! Yeah,…
Pristine Seas: The Global Expedition Launches in the Pacific | National Geographic Society
The global Expedition is kicking off with our own purpose modified vessel, the MV Argo. This is the largest marine conservation effort ever attempted to protect the world’s ocean, starting in the Pacific. [Music] Life on Earth wouldn’t exist without hea…
We Explain the Seen in Terms of the Unseen
Now people might object at this point and go, “How dare you invoke in science things that cannot be seen, things that cannot be observed? This is completely antagonistic towards the scientific method!” Surely, and I’ll say to anyone who’s thinking that r…