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
The Contradiction In The U.S. Constitution
Did you know that one of the greatest mathematicians of the 20th century discovered a logical contradiction in the US Constitution that, if found, could be used to legally change America’s democracy into a dictatorship? Well, he did, but we no longer kno…
These Are the Mental Health Pioneers | Explorer
Do you think the United States is doing enough for the treatment of mental illness? We’re doing a good job, but we really should be doing much better. There are methods of treating we know work, but which aren’t reaching those who really need it. I think…
Serfs and manorialism | World History | Khan Academy
In a previous video, we already talked about the feudal system. How you can have a king, and then you might have some vassals of the king who give an oath of fealty to the king in the homage ceremony. You might have a duke, and you could keep going down t…
Why YOU Need To Invest in PSYCHEDELICS | Ask Mr. Wonderful #14 Kevin O'Leary
[Music] All right everybody, back for another episode of “Ask Mr. Wonderful.” Here today with my recently acquired 1969 Telecaster. Telecasters are very unforgiving guitars. Not that I want to get sidetracked here, but I just thought maybe a couple of lit…
How to sell 2 corporate jets worth a combined value of $85,000,000.
I need two planes. First of all, one that can do real long distance. I’m talking 12 hours, either a 6,000, 6,500, 7X, 8X, or a 650. Okay, if I buy a 6,000, on top of that, it could be another 25 million. So, both put together would be 85. The other optio…
Anxious | Vocabulary | Khan Academy
Oh boy, oh geez, wordsmiths, I’m not feeling so hot about this word. I tell you what. The word is anxious, or if you prefer, anxious. It’s an adjective that means very worried. You might have seen it in its noun form, anxiety, which is the state of being …