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I think this is not only wrong but exactly backwards. Airbnb was sucking supply out of the market because it made sense with cheap capital. It was essentially a
by anm89 4y ago
I think this is not only wrong but exactly backwards. Airbnb was sucking supply out of the market because it made sense with cheap capital. It was essentially a capital capicator in real estate form.
Well now we head into a recession, airbnb demand falls, there is no cheap refi option, potentially concurrently with layoffs, so some people are going to be forced to dump airbnb inventory into a market with zero demand which os going to start creating supply bubbles.
I think these areas are most at risk in the bad recession scenario