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
https://twitter.com/bowtiedhoneyb/status/1674112001365114881
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