Lol there aren't that many airbnbs. Not going to crash the housing market, they're just going bankrupt. And while not wishing ill-will on anybody... who cares. This always happens to people looking for easy, lazy money. They get highly leveraged, and then destroyed in a crisis.https://twitter.com/govttrader/status/1244845607627501571 …
Running a good Airbnb is the exact opposite of 'easy, lazy money'. All the stresses of being a landlord, but with 10x the turnover.
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Most that I've interacted with that have multiple properties outsource most of the management and maintenance.
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Easy, lazy money...remember interest rates of the early 1980s. My dad bought Canada Savings Bonds yielding 17.25% fully guaranteed by the govt of Canada. Until the late 1980s I could walk into any bank and buy 5 year savings certificates yielding 10.5%...lazy money.
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