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Is There a Cascade Effect on Private Equity?
Howard Kurtz: I read recently that half of Airbnb's have been listed since 2020, which is just kind of mind-boggling. He says people were pretty flush with cash and bought these excess income properties. Kurtz: Could there be this cascading effect where you start to liquidate a lot of things because you've overextended yourself? Kurtz: Maybe the fundamentals of these companies still make it sense even though the interest rate is higher.