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
15 High Paying Jobs Right Now
In an ideal world, we’d all start a business. It would be successful. We could employ multiple people, and we’d all live happily ever after in financial freedom. But sometimes, though, just to get there, we have to put in a lot of extra work elsewhere. Fo…
Approximating limit from numeric table
This video we’re going to try to get a sense of what the limit as ( x ) approaches 3 of ( \frac{x^3 - 3x^2}{5x - 15} ) is. When I say get a sense, we’re going to do that by seeing what values for this expression we get as ( x ) gets closer and closer to t…
Snowmobile Inspection | Life Below Zero
Go have a look at the undercarriage. I look for dead shocks, the Fela dead shocks. I want to feel some pressure and some compression. These are feeling good. One of our wear parts on a snow machine is a belt. You can burn them up, bust them, blow them; al…
The 8 Greatest Philosophical Theories You Need to Know
You are a chicken. Yes, you. You look around and sometimes wonder why your owner takes such good care of you. At first, you’re not sure; you’re skeptical. What if he sends you to the slaughterhouse? You’ve never been there, but you know very well none of …
360° Wingwalker - Part 1 | National Geographic
[Music] [Music] For me, when walking is about the ultimate freedom. Once you’ve tasted that type of freedom, I mean, you just can’t ever go back. It is absolutely liberating. But if you mess up even a little bit, it’s all over. You’ll have to be responsib…
Jason Silva on Science, Adventure and Exploration | Brain Games
[Music] What does it mean to explore? What does it mean to adventure? Walker Percy wrote, “The search is what anyone would undertake if he were not sunk in the everydayness of his own life.” To be aware of the possibility of the search is to be on to some…