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
Testing the US Military’s Worst Idea
This is the biggest, most ambitious, most expensive video I’ve ever made. And it’s also gonna be terrifying. We are strapping these giant metal weights to the belly of that helicopter, flying it up several kilometers in the sky, and then dropping these we…
A message from Sal on school closures and remote learning on Khan Academy.
Hi everyone, Sal here from Khan Academy. I am back in the walk-in closet where Khan Academy all began, socially distanced, obviously. The entire globe is going through a very unusual crisis right now, and as part of that crisis, you know people are worri…
Alaskan Medicine - Deleted Scene | Life Below Zero
Picking some yarrow here. I’m going to make some salve for my hands, feet, and my dog’s feet. Dog’s feet get in the cold conditions that we run them in; they get kind of dry, and this helps to keep them supple and soft. It’s very important to be knowledge…
12 SIGNS THAT YOU SHOULD CUT ALL CONTACT WITH SOMEONE | MARCUS AURELIUS | STOICISM INSIGHTS
We often think of our relationships as mere extensions of our daily routines, rarely stopping to consider their profound impact on our well-being. Yet, what if I told you that the quality of your relationships could be the single most crucial factor in yo…
You Have to Protect Your House! | Life Below Zero
You don’t know when something unique is going to happen out here, but you better be on your toes. There he is, he’s on top of my Ridge now. After a brief stay in Dead Horse, SE has returned home to find a Wolverine lurking around CIC’s perimeter. To prot…
Verifying solutions to differential equations | AP Calculus AB | Khan Academy
[Instructor] So let’s write down a differential equation: the derivative of y with respect to x is equal to four y over x. And what we’ll see in this video is the solution to a differential equation isn’t a value or a set of values. It’s a function or a…