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Overleveraged AirBNB "superhosts" scramble for liquidity during travel bans. Real estate market skewing ASSHOLES get comeuppance.


               
2020 Apr 29, 6:39pm   2,084 views  7 comments

by Automan Empire   follow (1)  

An interesting emerging group hard hit by the travel ban and lockdowns: AirBNB "Superhosts" who leveraged properties specifically to rent on AirBNB and absolutely depend on high rent and uninterrupted cash flow. Surprising reveal in the article: One THIRD of all AirBNB hosts own 24 or more properties converted to short term rentals!

https://www.zerohedge.com/personal-finance/holy-god-were-about-lose-everything-pandemic-crushes-overleveraged-airbnb

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7   Maga_Chaos_Monkey   @   2020 Apr 30, 9:21pm  

Kept my VRBO occupied and booked so far through the entire crisis. Legally too. I'm open the 2nd half of May but only because the Hawaii governor is an asshat and won't let me accept reservations. Easily survivable for those who aren't over-leveraged assholes.

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