The Airbnb collapse is real. Revenues are down nearly 50% in cities like Phoenix and Austin. Watch out for a wave of forced selling from Airbnb owners later this year in the areas hit hardest by the revenue collapse.
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1) What's scary for the US Housing Market is just how many Airbnbs there are. Data from AllTheRooms shows 1 million Airbnb / VRBO rentals. Compared to only 570k homes for sale. Creates huge home price downside if struggling Airbnb owners elect to sell.