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Was pondering this the other day. For every housing market run I have seen crash, it's always some underlying factor that crashes everything. We all look back and slap our heads and say oh yeah that makes sense now! I feel like everyone I know is buying up a vacation home somewhere under the premise of short term rentals subsidizing up the cost. Seems like if AirBnB or VRBO tanked this would cause some heartburn here. I don't even know...does AirBnB turn a profit or just burn cash?Comment
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Originally posted by gauchojake View Post- Airbnb gross profit for the quarter ending September 30, 2021 was $1.926B, a 72.72% increase year-over-year.
- Airbnb gross profit for the twelve months ending September 30, 2021 was $4.249B, a 129.32% increase year-over-year.
- Airbnb annual gross profit for 2020 was $2.502B, a 30.67% decline from 2019.
- Airbnb annual gross profit for 2019 was $3.609B, a 29.45% increase from 2018.
- Airbnb annual gross profit for 2018 was $2.788B, a 45.66% increase from 2017.
im pretty bullish on airbnb in general. im concerned they could be legislated out of existence but beyond that, its a really brilliant biz model. and given that so many spaces on airbnb are cheaper than other short term options like hotels, i could see them profiting from people who get fucked over by the housing implosion looking to them for cheap temporary solutions.
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For the second time in a week, President Biden urged for an end to remote work on Friday, framing the much-delayed return to the office for millions of white-collar workers as necessary for the United States to move beyond the pandemic.
lmfao like setting aside covid, setting aside the skyrocketing cost of gas, what the lits fuck?
am i crazy or is this just an open appeal to put money into commercial real estate paper holders pockets?Comment
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Are his four years up yet? I feel like I'm watching a Naked Gun sequel but less funny.Originally posted by sonatine View Post
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thread is one year old and the bubble hasnt popped and things are only getting worse.
https://www.barrons.com/articles/hou...rs-51648765685
its crazy to think about but we could literally be 3-5 years from the housing market price cycle hitting top.
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thats a cute trick.Originally posted by sonatine View Post
it was a bubble and I’ll not have him soil my memories. what he dismisses is another event they followed - unimagined monetary expansion
speaking of increasingly bolder financial meddling…. make yourself aware that there is convo about 40 year mortgages from many different corners including the Fed. Just a quick search then move on. Don’t want any surprises for you later on.
Here’s something fun. Note - Percentage change from one year ago
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how it started:
https://www.reuters.com/markets/rate...ar-2022-02-25/
how its going:
https://www.reuters.com/world/china/...10-2022-05-16/Comment
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