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 Six Rescued Rhinos That Survived Poaching | Short Film Showcase
Dingle, darlin’, lion’s den. They both lost their horns to poaching. They hit Worden family one day. Nice. How could the other panic? In his voice he said, “Are you, are you nuts? Press!” I said, “I said game drivers has come in, reported they were raided…
China is Uninvestable.
Stocks based in the world’s second largest economy are uninvestable again. Bernstein sales trading desk’s Mark Schilsky said in a note on Monday, “This idea of Chinese stocks being uninvestable has been a recurring theme in the media over the past few wee…
Safari Live - Day 170 | National Geographic
This program features live coverage of an African safari and may include animal kills and carcasses. Viewer discretion is advised. Well, good afternoon everybody once again and welcome aboard on the sunset Safari. My name is Ralph Kirsten and on the bush…
Re: Which Planet is the Closest?
Hello Internet. While working on a future video, I offhandedly wrote, “Venus, the closest planet to Earth.” But later, while editing, I thought, “You know, let me check that.” Which led to me to this video by Dr. Stockman explaining how, no, Venus is not …
THE NEW $600 STIMULUS CHECK | What You MUST Know
What’s up you guys? It’s Graham here. So, it finally happened! After months of waiting and hundreds of Meet Kevin videos later, which admittedly I watched pretty much all of them, a brand new stimulus package was just passed and sent off to the president …
Building a Bench in the Arctic | Life Below Zero
Ah damn it, slip chain! I hate these small limbs! Like that, it happens with chainsaws. I gotta fix this up; the fun ain’t over yet. Okay, I got my poles. Time to get to work! What I want to do is get this bark off; then I’m gonna make a point and drive …