7 ms·
Although everyone wants to scapegoat AirBnB, interest rates have been historically low for almost 12 years. Reduced interest rates result in increased asset va
by bshipp 7y ago
Although everyone wants to scapegoat AirBnB, interest rates have been historically low for almost 12 years. Reduced interest rates result in increased asset values, especially real estate when long term debt becomes cheaper.
I'm not supporting everything AirBnB does, but blaming them for housing/rental prices seems pretty ludicrous to me. We've experienced real estate bubbles since we started urbanizing.
- wyre 7y agoIn my eyes AirBnb is being blamed for taking houses off the market that would have generally be rented out to long-term tenants. This lowers the supply of rentals increasing prices. Lower interest rates just make the situation worse.