"...overleveraged Airbnb Superhosts, who own portfolios of rental properties built on debt, are now starting to blow up after the pandemic has left them incomeless for months and unable to service mortgage debt.
To make matters worse, and this is exactly what we warned about last month, Airbnb Superhosts are now panic selling properties: Greg Hague, who runs a Phoenix real-estate firm, said Airbnb hosts are "desperate to sell properties" in April.
"There's been a flood of people. You have people coming to us saying, 'I'm a month or two away from foreclosure. What's it going to take to get it sold now?'" Hague said.
And here's what we said in March: "We might have discovered the next big seller that could ruin the real estate market: Airbnb Superhosts that need to get liquid."
www.zerohedge.com/personal-finance/...es-overleveraged-airbnb
www.wsj.com/articles/...s-and-an-uncertain-future-11586365860
Everything was supposed to come together for Airbnb in 2020.
The hottest stock-market debut of the year. A valuation of more than $50 billion. Riches for hundreds of employees holding options expiring at year-end.
steckt da Marriott mit drin ?
www.wsj.com/articles/...ooming-home-rental-market-11556535600
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