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
How to Measure Happiness Around the World | National Geographic
Can you measure happiness? It’s not an easy task, but every year the Gallup World Poll tries to estimate how happy people are in a hundred and forty countries around the world. Where do they even start? Frequency of smiley face emojis? Number of hugs give…
Investing During A Recession | Yahoo Finance
[Applause] [Music] Joining us now with more insight on where investors should put their money, we’ve got O’Leary Ventures Chairman, Mr. Wonderful himself, Kevin O’Leary. Kevin, always a pleasure to get some of your time, and thanks for taking it here with…
3 Reasons Why Nuclear Energy Is Terrible! 2/3
Three reasons why we should stop using nuclear energy. One. Nuclear weapons proliferation. Nuclear technology made a violent entrance onto the world stage just one year after the world’s first-ever nuclear test explosion in 1944. Two large cities were de…
Geoff Ralston: The Story of Your Startup
Yeah, I just wanted to spend a couple of minutes talking about something that I think is absolutely vital to startup success. But although it’s fundamental, it is often somewhat overlooked, and that is really the invention, the creation of the story of yo…
Limits at infinity of quotients with trig | Limits and continuity | AP Calculus AB | Khan Academy
So let’s see if we can figure out what the limit as x approaches infinity of cosine of x over x squared minus one is. And like always, pause this video and see if you can work it out on your own. Well, there’s a couple of ways to tackle this. You could j…
World's First Car!
I am about to drive the world’s first car. This was invented by Karl Benz, patented in 1886. Of course, this is not the real thing, this is a replica. But I’ve partnered with Mercedes to make a video about car safety. Yeah. (laughs) Right? There’s not a…