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
Stoicism: Become Undefeatable
In the city of Cyprus in 300 BC, there lived a very wealthy trader called Zeno. While on a voyage from Phoenicia to Piraeus, his boat sank, along with all of his cargo. Because of that single event, an event that was entirely out of Zeno’s or anyone’s con…
WET DOGS ---- IMG! #40
Blockhead bunnies and disembodied cat unicorn princesses. It’s episode 40 of IMG! You’ve gotta be careful around ducks. Seriously. But it’s okay to be smug with a panda. If you’ve got extra time, carve Lincoln out of Oreo filling. Or check out more of Sa…
Reversion to the Mean
It’s a cold winter morning. You wake up fresh and rested. You get ready and go to the nearest cafe to start the day with a cup of coffee. You order your favorite: an iced caramel latte. As you wait for your coffee, you make small talk with the stranger ne…
The Critter Fixers Meet Baby Animals in Disney's Animal Kingdom | ourHOME | National Geographic
[Music] I’m Dr. Rard Hodes and I’m Dr. Terence Ferguson, but you may know us better as the Creative Fixers. Our job has us taking care of all kinds of animals, but this Earth Month, we’re traveling to Disney Animal Kingdom to meet some adorable additions …
Blockchain 101 - A Visual Demo
This is a blockchain demo. We’re gonna do this in a very visual way, though. We’re gonna make it very easy to understand by stepping through the key pieces of what a blockchain is in a visual way. But before we get started, we need to take a look at this…
Why Are Things Creepy?
Hey, Vsauce. Michael here. Fear gives us life. Being afraid of the right things kept our ancestors alive. It makes sense to be afraid of poisonous insects or hungry tigers, but what about fear when there is no clear and obvious danger? For instance, a Ted…