2min chapter

Animal Spirits Podcast cover image

The Only Game in Town (EP.308)

Animal Spirits Podcast

CHAPTER

Airbnb Rooms: A New Take on the Original Private Room

Airbnb is buying back stock at a ludicrous valuation. It's still not cheap, and it probably never will be. Over 80% of Airbnb Rooms are under $100 a night. Inflation is almost always going up. We don't offset inflation with deflation to get back to where we were. That would take a really nasty recession about that.

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