ilmscore | Why I’ll Never Rent On Airbnb

Why I’ll Never Rent On Airbnb

Published: 2023-03-29
Status: Available | Analyzed

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
The short-term rental market is experiencing a downturn, referred to as the 'Airbnb bust,' which is expected to have a significant impact on the broader market as more landlords cease operations.
"the latest reports are showing that Airbnb could actually be the next Domino to fall this is what's being called the airbn bust which is about to have a significant effect across not only those who operate airbnbs but also the entire Market as more and more short-term landlords permanently go to business"
Airbnb Market
Pending
A 1% increase in Airbnb listings correlates to a 0.018% rise in rents and a 0.026% rise in house prices.
"it was found that a one percent increase in Airbnb listings leads to a point zero one eight percent increase in rents and a point zero two six percent increase in house prices"
Rental Market Impact
Pending
Short-term rental bookings are declining due to increased competition and a larger supply of listings, leading to lower prices.
"bookings are down across the board as competition and more inventory is driving prices lower"
Airbnb Market Saturation
Pending
In Phoenix, between February 2017 and January 2023, the number of Airbnb and VRBO listings quadrupled, increasing from 5,000 to 21,000.
"air DNA found that from February 2017 through January of 2023 Airbnb and VRBO listings in Phoenix more than quadrupled growing to 21 000 from 5 000."
Short-Term Rental Supply
Pending
More properties are expected to be listed on Airbnb as long-term landlords struggle to cover their costs due to falling rental prices.
"I personally believe that we'll continue to see a lot more listings on Airbnb as long-term landlords get desperate and aren't able to get the price that they need to to pay their overhead costs"
Airbnb Market Trend
Pending
The speaker asserts that the market is currently experiencing an 'Airbnb bust,' leading to the failure of inefficient operators.
"I absolutely believe that we are in the middle of an Airbnb bust well inefficient Market operators are going out of business"
Airbnb Market Downturn
Pending