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Is Airbnb broken? The podcast discusses rumors of Airbnb's collapse, the oversupply issue during the pandemic, and the impact of short-term rentals on housing availability and affordability.
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Quick takeaways
- The oversupply problem during the pandemic led to a drop in demand for some Airbnb hosts, but an increase in occupancy levels for city getaways.
- The surge in real estate prices due to Airbnb's success reduced the availability of long-term rentals and drove rental costs up, while regulations and user dissatisfaction impacted the platform's revenues.
Deep dives
The Oversupply Problem and Shift in Demand
During the pandemic, there was an oversupply problem as more people purchased second homes and listed them on Airbnb. This led to a drop in overall demand for some hosts. However, travel shifted towards city getaways, and Airbnb started seeing higher occupancy levels instead.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode