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
Meet the Intimidating Eel That Mates For Life | National Geographic
Okay, so this is a wool feel. As anything named after a wolf would suggest, they are intimidating master predators. You may see the way this guy chomps down on a sea urchin like it just doesn’t even feel its spines on its throat. His teeth are pretty worn…
Commas and introductory elements | Punctuation | Grammar | Khan Academy
Hello, grammarians! Uh, Paige and I are here to teach you about introductory elements in sentences and how commas relate to them. Paige, what, how do we—how should we define what an introductory element is? So, it’s pretty much, uh, something that happe…
Daily Homeroom with Sal: Monday, April 6
Hello, welcome! This Monday’s a daily homeroom for those of you all who are new here. What this is, something we’re trying to do to keep us all connected as we have the school closures going on throughout the world. Many of y’all know Khan Academy. We’re …
The Dark Truth Behind Coffee
I am addicted to coffee. While some fortunate people can spring out of bed ready to seize the day, when I wake up, the first thing that comes to mind is Buddha’s first Noble Truth: life is suffering. Or, as the German existentialist Martin Heidegger sugge…
Introduction to frames of reference
I’d like to do in this video is talk about the notion of a frame of reference, and this is an introductory video. In future videos, we’ll go into a lot more depth. But a frame of reference is really the idea; it’s a point of view from which you are measu…
Can You Trust Kurzgesagt Videos?
Can you trust Kurzgesagt videos? To answer this question, we’ll first explain how we research them and then talk a bit about past videos, and what we want to achieve with the channel. Making a Kurzgesagt video always begins with a question or an issue. F…