On The Market

235: A World Without Airbnb & Why "Sinking" Could Cause Your Insurance to Skyrocket

Jul 18, 2024

Discussions revolve around Airbnb bans, potential insurance hikes in sinking cities, and the commercial real estate credit crunch. The impact of these factors on homebuyers, real estate markets, and agent commissions are analyzed, offering insights into the evolving landscape of the housing market.

43:52

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Quick takeaways

Barcelona banning Airbnb to aid housing shortage debates balancing tourist benefits vs. locals.

Coastal cities facing rising insurance costs due to land subsidence impacting property values.

Deep dives

Private Equity Firms Invest in Commercial Real Estate Opportunities

Private equity firms are seizing opportunities in distressed commercial real estate properties. With about $400 billion at their disposal, they are focusing on investment in North America, aiming to consolidate the market. This trend raises questions about market stabilization, potential downturns, and impacts on smaller banks.

Intro

3min

Private Equity's Potential Role in Bank Consolidation and Real Estate Investment

8min

Private Equity's Role in Real Estate Markets and The Future of Airbnb Short-Term Rentals

3min

Impact of Short-Term Rentals on Housing Affordability

9min

Impact of Deal Structure on Real Estate Prices

5min

Real Estate Market Speculation and Land Subsidence Impact on Homeowners

2min

Risks and Challenges of Owning Property in High-Risk Areas

8min

Airbnb bans escalate, a “tsunami” could be coming for this real estate niche, and “sinking” cities lead to skyrocketing insurance prices. The housing market changes every week, so we’re here to break down the headlines and sift through the hype so you know what could impact YOU. Dave Meyer and the entire On the Market panel are here to discuss four of the top real estate-related news stories from this week.

First, we discuss the commercial real estate credit crunch that could cause a “tsunami” in the office investing space. Next, one major European city will ban Airbnb by 2028 in an effort to give locals a better chance at buying their first home. Will it work, or is it just a move to get more votes? With the dust of the NAR settlement settling, homebuyers could face thousands in fees to work with an agent, but will this stop homebuying?

Before we go over our last headline, make sure you’re standing on solid ground because “sinking” cities are becoming the new norm. Is your home slowly sliding off a cliff? If so, your insurance costs could be rising even higher. We’ll get into this story and the rest of the relevant real estate news on this episode!

In This Episode We Cover

A world without Airbnb and whether the newest ban could actually help homebuyers

Another “tsunami” coming for real estate and whether there’s truth behind the hype

Private equity’s new plan to gobble up even more real estate as one niche suffers

More fees for homebuyers as agent commissions change, but will this have to be paid out of pocket?

“Sinking” cities causing rising insurance costs and sliding home values

And So Much More!

Links from the Show

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See Dave, Henry, James, and Kathy at BPCON2024 in Cancun!