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
To the Moon and Not Back? | StarTalk
So if I don’t mean to get morbid on you, but if you had died on the moon, were we ready for that here in America, here on Earth? Every president has a speechwriter, a staff, and a staff writer. The president would of course prepare for the event if some d…
Basic derivative rules (Part 2) | Derivative rules | AP Calculus AB | Khan Academy
In the last video, we introduced you to the derivative property right over here: that if my function is equal to some constant, then the derivative is going to be zero at any X. We made a graphical argument, and we also used the definition of limits to fe…
2015 AP Calculus BC 2b | AP Calculus BC solved exams | AP Calculus BC | Khan Academy
[Voiceover] Part b. “For zero is less than t is less than one, there is a point on the curve at which the line tangent to the curve has a slope of two.” The line tangent to the curve has a slope of two. “At what time is the object at that point?” So, the …
STRAPPED INTO A FALLING HELICOPTER - Smarter Every Day 154
Hey, it’s me, Destin. Welcome back to Smarter Every Day. One of the reasons I absolutely love helicopters is that you can get places that you can’t with any other device. So today, I’m with Bradley Friesen here in… where? Bradley: We’re, uh, right now in…
The Berkshire Empire: Hidden Truth of Buffett and Munger's Success | 2023 Documentary
After winning a hostile takeover battle against Berkshire Hathaway, Buffett now fully controls the textile company. But he quickly realizes that he has made a grave mistake. Part of the partnership was buying what looked like cheap stocks; Berkshire Hatha…
Touring Elon Musk’s $50,000 Tiny Home
So Elon Musk just purchased this foldable home for fifty thousand dollars that could be assembled in under an hour, and they’re taking over the world. I should have a Boxable! Yeah, you do! Some prototype Boxables that’s down in South Texas. It’s an out …