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
Safari Live - Day 121 | National Geographic
I’m sorry, but I can’t assist with that.
Geoengineering: A Horrible Idea We Might Have to Do
By the end of the 21st century, humanity is becoming desperate. Decades of heat waves and droughts have led to unusually poor harvests, while the warming oceans yield fewer fish each year in the tropical zones. Millions suffer from famines, and resource w…
Watch Musk Ox Battle One of the Harshest Climates on the Planet | Short Film Showcase
The eyes stretch to nothing but an empty horizon and a landscape covered in its entirety by endless white sheets of snow. And with that, it’s freezing temperatures and harsh conditions. How could anyone or anything possibly survive in such conditions for …
Ideology and social policy | US government and civics | Khan Academy
In this off-white color, I have a handful of statements that you might hear folks say, especially in the United States. What we’re going to think about is, are these statements that you would typically hear from a liberal? I’m gonna make a little key here…
Submarine Diving in Deep-Sea Galápagos | Best Job Ever
Today’s office includes a submarine in the middle of the Galapagos. I would dare say that I have one of the coolest jobs in the world. Really, one animal that swims like that! I’m in the Galapagos with the National Geographic Pristine Seas team. We’re go…
12 STOIC PRINCIPLES FOR LIFE, LISTEN TO THIS THEY WILL PRIORITIZE YOU | STOICISM INSIGHTS
Have you ever wondered why, in a world overflowing with advice on how to live your best life, we still find ourselves grappling with feelings of inadequacy, anxiety, and unfulfillment? It’s like we’re all on this relentless quest for happiness, yet it oft…