Independent thinking for complex markets and current events
I heard one homeowner hired a consultant to deal with a similar situation. The homeowner wrote a new lease to the "consultant". The new renter (the consultant) moved into the house and parked himself there to live with the squatter. He had valid lease paperwork signed by the… — Wall Street Mav (@WallStreetMav) October 4, …
by elProtagonist As you can see from the graph, there is a direct link between the growth of AirBNB listings and housing prices. The economists have been looking at the housing market the wrong way. The problem is that RESIDENTIAL properties are being used for COMMERCIAL purposes. People are buying secondary homes as investment properties. …
The Airbnb Apocalypse, as some are calling it, is no longer confined to major cities like New York City; it’s spreading to places like Kansas City as well. But let’s clarify something first: the bust and the apocalypse are two distinct concepts. Cities are reacting to an oversupply of Airbnb listings, and their response is …
Ooof. Big blow to AIRBNB in NYC. There are now 40,000 of these short term rentals in the city and there is a belief that it’s pushing up rents because it’s hurting inventory for potential long term rentals pic.twitter.com/2V1lxQInkG — QE Infinity (@StealthQE4) September 5, 2023
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 …
The Airbnb collapse is real. Revenues are down nearly 50% in cities like Phoenix and Austin. Watch out for a wave of forced selling from Airbnb owners later this year in the areas hit hardest by the revenue collapse. 1) What's scary for the US Housing Market is just how many Airbnbs there are. Data …
"Why Airbnb owners are about to Sell" Revenue per available listing in Phoenix DOWN 48% in May compared to May last year.https://t.co/TEtoz1PGFY pic.twitter.com/GaVLoNBJS5 — John Wake (@JohnWake) June 26, 2023
A new law threatens to demolish a $US85 million market for the home-sharing behemoth—but the Big Apple is just a small piece of its pie. Last week, Airbnb filed a lawsuit against New York City over a new law that the company is calling a “de facto ban” against short-term rentals that threatens $US85 million …