Is the Airbnb Dream Dead? (www.bloomberg.com)

submitted 1 year ago by haxor@derp.foo to c/hackernews@derp.foo

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[-] Radio_717@lemmy.world 2 points 1 year ago

You know who I don’t feel sorry for….. these people and anyone else who buys a second home as an investment.

[-] jet@hackertalks.com 1 points 1 year ago

AirBNB as a way to find usage for otherwise idle real estate stock is never going to die.. AirBNB as a way to pump up leveraged real estate deals... not so much

The market corrects, arbitrage opportunities only last so long. The overall economy is slower then the hey day of AirBNB, so less demand for travel. People using AirBNB as the backbone of their real-estate empire are going to take a beating.

this post was submitted on 10 Aug 2023

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