Imagine being such a stupid fuck that you took out 10+ mortgages for Airbnb rentals

Good. Fuck mortgage renters.

GEORGIST PROGRESSIVE LAND TAX WHEN REEEEEEEEEEEE

kek

YES

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it leads to a slight increase in housing availability for sound stable buyers. this will be a benefit on the other side. there's housing shortages across the country has been for a long time

OH
NOOOOOOOO
THAT
SUCKS

...

LET THE FREE MARKET WORK

DON'T BAIL THEM OUT, LET THEM GO BANKRUPT

If we bail out people when they have 10+ mortages driving up housing prices and if we somehow kick the can down the road yet again by the time the next crisis occurs they will have 100+ mortgages!

I just quit my job for another so in two weeks I'm getting about 3.5k in vacation time paid out, got another 10k not in shitcoins, and 5k in checking. I'm going to keep setting money aside the next couple months and get an FHA on a 3 bed 2 bath or bigger fixer upper next to work for 100k. I did a lot of remodeling as a teen so I'm going to gut the bitch and redo everything just right. Actually nice instead of that horrid boomer shit like wood linoleum vinyl everywhere and beige walls. It gonna be all white, wood, and stone. Finally gonna have a home gym too. Just need a power cage, bench, and treadmill. I'll cancel my useless 24hr gym that's closed 24hrs a day right now and just keep the membership at the athletic club for the pool.
Best part is my new job pays the same but is only two days a week and full benefits.

What's the difference between one person running an AirBNB and companies running hotels?

the companies consist of many niggers, the airbnb is only one

The gig economy is gay. I want a housing crash.

What app/news site is this?

Hotels don't fuck the housing market for me and everybody else.

Stay away sicko

Yeah this, hotels aren't buying 10 local residences with cheap mortgages

Why? It's not a thing in my country, but it seems like a nice concept to rent out a room to tourists visiting. Though I do see some idiots turned this into a business instead of a supplementary income.

YES! POP ALL THE BUBBLES! AHHAHAHAHAHAHHAHHA!

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This. I need a source.

It's a good idea. Just like Uber was. But people are fucking stupid and use apps made for convenient extra cash to try to make it their job.

Every bubble is popping all at once. It's fucking over.

Because renting out your home to scumbag tourists is degenerate behavior and ruins community.

Just another reason living in the city is for suckers.

Well it would have worked for the past 20 years

i have no sympathy for retards who take out multiple mortgages to ruin the housing market for their shitbnbs

>Hotels don't fuck the housing market for me and everybody else.
They do, actually, since they equally take up land that could've been used to build normal houses

Concept is fine. Their company however is not. There's a running scam with AirBNB where people ring up, cancel SOMEONE ELSES 2PA, and then have access to their account. They make fake bookings from that account, which automatically give out key codes for places, which then get robbed bare.

Any company that can remove two-point authentication over the phone, without any other form of identification, is fucking ridiculous.

Happened to a friend of mine and I removed me account the same day

this

Good fuck those guys

Not nearly as much as someone buying up actual housing to use as hotels

>Housing shortages
lol I love this meme. More like "there are entirely too many overpriced mcmansions that new homebuyers absolutely do not want to buy"

Everything is local - in some areas theres plenty in others (SF, boston, nyc, london) theres a concerted effort by everyone other than buyers to minimize development for muh property values

That would be great. Cheaper houses and some airbnb wannabe entrepreneurs go bankrupt.

No different than people taking up leverage to pimp their returns

I really hate the fact that alot of these problems are because of restrictions on housing or building codes

As someone working in finance:

No. There are no derived instruments on houses in the market now. Those have become prohibitively expensive from a capital requirement pov, and also the restrictions on selling such instruments to retail have ramped up massively.

So no spillover effects to be expected from airbnb hosts defaulting. Except for the airbnb hosts probably being bankrupt for live now (VERY different than 2008, where people could just walk away from their mortgage)

Yeah okay the most populous cities in the US have the most expensive and most limited housing markets, what a shocker. That simply does not equate to a nationwide "supply problem" that so many people claim is the issue. A real problem is the people moving out of those areas you mentioned and into less populated but growing areas, and then accepting overpriced rents because that's normal for SF or NYC etc etc. Suddenly a town where rent used to be $650 for a two bedroom house has studio apartments going for $2000.

>no derived instruments
care to translate this into english, egghead?

When I stayed in Osaka, my host said he had 28 other airbnb apartments around the city. Can’t imagine what he’s doing

Pretty depressing when a house sells in your neighborhood, you think you have new neighbors but then realize its another AirBnB

He may be lucky and still get enough businessmen staying to stay afloat

Free market would have never let this happen in the first place. Fake interest rates and easy money allowed them to get the mortgages. If the banks thought they wouldn't be bailed out then they would never have loaned these people so much. But here comes to government to bail them out and reinforce the success of risky lending practices. No doubt we'll need 10 more bailouts every 5-10 years whenever there is some minor crisis and blip in people's razor thin cash flow margin.

>He thinks it is time to waste money on inflated assets

Why would you want neighbors

I know an old out of touch boomer bitch who lives off her Airbnb money. She has no savings and is in six figures of debt with no bookings for the next month. The kicker is that she refuses to find any other work (note: my state is not on lock down and she could still find a job). I hope she loses her house.

Its all about cashflow.

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Because faggots like in the OP buy up the houses with debt and drive up housing prices for people who, I don't know, actually want to live in the houses

Fuck them I hope they all go bankrupt and become homeless, it's what they deserve

FREE REAL ESTATE
twitter.com/IamShaneMorris/status/1241703904154247168

I wonder what's going on with this guy
doesn't he own a lot of properties and is 600 million USD in debt?

He's been doing this shit for so long that I'd imagine he has enough cash stashed away to weather a bad storm. Maybe he's also make money off of his books and scammy courses.

Hope so, great guy but this was his full time job and he opened a bar too. Leveraged I’m sure

Still, he never experienced an economy halt like this

Keep pushing for it

Let the bubble pop

Hotels create jobs, are considered commercial property and therefore don't fuck up the housing market. Anyone who leverages themselves to the point of having 9 or 10 mortgages out just for AirBnB deserves their fate.

THE GOVERNMENT WILL BUY UP MORTGAGE BACKED SECURITIES AND BECOME FASSIST

*coof

You're fucking retarded. Most hotels are in commercial zoned areas and even if zoning didn't apply their footprint isn't much bigger. Hotels go vertical.

I can't wait for the day of the pillow
I am going to buy a house for 150k
I have about 60k to put down and work in public utilities so could give a fuck less about lay offs. haha Die Boomers

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* COOF *