Upzoned What Does the ”Airbnbust” Mean for the Housing Market?
There's been much speculation on the internet lately—to the point of almost becoming a meme—about whether we are witnessing the great "Airbnbust." In other words, people are saying that short-term rentals are a bubble that is popping right before our eyes.
As reported in Market Watch, many short-term rental owners are voicing concerns on forums like Reddit, Twitter, and Facebook about their bookings plummeting over the past three to four months. In some cases, hosts say they were at 80% occupancy, but now find themselves all the way down to zero.
At this point, it's not completely clear what's happening or why it's happening, but host Abby Kinney and co-host Chuck Marohn unravel what we do know on today's episode of Upzoned.
ADDITIONAL SHOW NOTES-
“Airbnb hosts say bookings ‘fell off a cliff’ amid influx of new vacation rentals and rising prices,” by Levi Sumagaysay, Market Watch (October 2022).