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> You're going to sit on a distressed asset for 20 years hoping it recovers? Do you realize how financially debilitating that is? I’m saying they have the fina
by Bukhmanizer 3y ago
> You're going to sit on a distressed asset for 20 years hoping it recovers? Do you realize how financially debilitating that is?
I’m saying they have the financial ability to do so if necessary. Approximately no one actually believes that the housing market is going to undergo a >20 year downturn because of AirBnB.
The trillion dollar question is what will actually make people believe the market is going to turn over for the long term. Because that’s literally the only way the markets are going to return to normalcy. And it’s not going to be because of some hotel app.