Airbnb Screwed Up The Housing Market…And Is Doing Better Than Ever

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I’m sure you’re all familiar with the state of the current housing market. Home prices and rent are higher than ever and it seems like they’ll never come down despite high interest rates and increasing unemployment. One of the driving factors of this trend is none other than Airbnb which is quite ironic given that Airbnb was founded for the exact opposite reason. Airbnb was designed to help hosts earn a bit of side income and help guests get cheap local accommodations. But over time, Airbnb has turned into a luxury property rental platform and economics have fallen down the list of priorities for hosts and guests. This has also largely skewed home prices and rent prices. This video tells the story of Airbnb and how the company inadvertently screwed over the housing market and ended up doing better than ever.

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Timestamps:
0:00The State Of Airbnb
2:11Humble Intentions
6:07A Capitalistic Evolution
10:21No Solution In Sight

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This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.

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