by Chris Black
Rentier economies don’t deserve to exist
Good riddance.
Airbnb’s were always dogshit.
Give me that 1980s holiday inn with the jet engine a/c units that lulls me to sleep and goes down to 59 degrees.
Shark tank on the 26″ TV is all I need.
Retweeting this #Airbnb tweet thread because it’s relevant again
9 months later, are we birthing a bust?
Sure looks like it… https://t.co/x9HFuNTIg6
— Amy Nixon (@texasrunnerDFW) June 28, 2023
1) What's scary for the US Housing Market is just how many Airbnbs there are.
Data from AllTheRooms shows 1 million Airbnb / VRBO rentals.
Compared to only 570k homes for sale.
Creates huge home price downside if struggling Airbnb owners elect to sell. pic.twitter.com/7NPw3EaNAG
— Nick Gerli (@nickgerli1) June 27, 2023
How much did that property cost and whats market value now?
Would also be interesting to know your nightly rate?
This is my one, looking to add in UK cities, at one point i had three but sold the properties last year. The below return is good for the price we paid and the… pic.twitter.com/QdEdlcDNbn
— Honey Badger (@bowtiedhoneyb) June 28, 2023
Airbnbs are bleeding money by a lot.
Credit crunch
Less disposable income
Credit cards are maxed out
Steaks 🥩 $20 a piece
People are broke
Car payments $850 average
Groceries $250 per trip
House mortgage $2800 per monthAnd airbnb owners are asking what’s going on ?… pic.twitter.com/J8k3h9d0mi
— FourPlex Guy Carlos Gonzalez (@dig_deeper1) June 27, 2023