Yes, if the housing market bubble pops then that will greatly affect Airbnb, butthat’s not the reasoning that Libertas gave. I would add that Airbnb will also be in trouble if the entire econ “pops”. However, as for now, the poor, the elderly, and disabled are more-n-more having to resort to renting Airbnb’s bcz they cannot meet social credit requirements - such as having 3X the rent in income for apts & houses. And the sheepppl don’t care so I don’t see that changing anytime soon. In fact what our society is doing is…taking advantage of the situation. And… these renters are charging hotel rates a room. Rooms that would otherwise be affordable.
No, I think nostr:npub1p5ryszcvdca78jdp5ewhu67zpyfz042m7nrha6mqx7a8wakrqrkqre5ksj is most likely right about this. The housing and Airbnb markets are both in bubbles. I think we're just gonna have to wait for them to pop. After they do, housing will hopefully become more affordable and take supply away from Airbnb. Also, I can only hope mortgage rates will drop as well once this happens.
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