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The Airbnb RE investment valuation equivalent of fraudulent Moody’s ratings
2024 Sep 7, 7:03am 147 views 1 comment
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NPC: I want a loan to become a crapshack slumlord. Riches!
Bank: Well, AIRDNA says this rental property should be netting megabucks per year. Approved! (Let’s get this crap off our books and sell it to an investment bank).
Investment bank: Yes, this AAA rated MBS contains cashflow positive rental gems, Here are the AIRDNA reports.
Widows and Orphans Fund: Yowzer! This will bail out our huge funding deficit. Where can I get more?