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
Reddit Analysis: Top 10 Coins For Each Year
Reddit users have recently and separately posted their full analysis, cumulatively dating back to 2013, identifying the biggest gainers and losers across 2,000 different cryptocurrencies to find a way to index the entire market that gives you the best cha…
Give to Khan Academy today!
Hi, I’m Sal Khan, founder of Khan Academy, and with your support I’m excited to say: Here’s just a few of the things that we’ve been able to accomplish together. We now cover a wide range of academic subjects including history, science, grammar, and much…
How These Female Cavers Recovered New Human Ancestor Fossils (Exclusive Video) | National Geographic
Six remarkable young scientists squeeze through a 12 m crawl down a shoot 18 cm wide to get these fossils of a new species of early human ancestors, homon edti. It’s really unusual to see all women scientists in these kinds of situations where you are exp…
Doing donuts in $150k+ cars…on the front lawn
[Music] Let me show my hair first. What’s up you guys? Brendan. So, I’m so excited this morning! I am on my way to Frank Out, he’s OC, a private car. If it’s working, backyard. He has an insanely cool house in the middle of Los Angeles, and the inside ya…
When the time is right, God sends you this video..
I don’t believe this video “Found You” by coincidence because I don’t believe in coincidences at all. I set the intention and I prayed to God, prayed to Jesus, the Holy Spirit that this message would only find the people who this will apply to. So, I’m on…
Peter Lynch: How to Invest in 2023
Peter Lynch: The man, the myth, the legend. He ran the Magellan fund at Fidelity between 1977 and 1990, where he achieved a 29.2 percent annual return. The guy is an investing master. He also wrote the book “One Up On Wall Street,” which you know at this …