389: Is Airbnb Intensifying the Housing Crisis?

We explore whether long-term and short-term single-family home rentals are contributing to higher rents, higher home prices, and a housing shortage. What are the options for investing in this space and should we?

Topics covered include:

• What is financialization
• What are examples of how financialization and government policy has impacted housing
• How homeownership rates vary around the world
• How much of a presence do equity REITs have in the single-family home rental space
• How a housing shortage and more vacation rentals show up in vacancy rates
• How short-term rentals can magnify the housing shortage
• What are options for investing in single-family home rentals

Show Notes

Financialization and the World Economy by Gerald A. Epstein

Housing Vacancies and Homeownership (CPS/HVS)—United States Census Bureau

List of countries by home ownership rate—Wikipedia

The Evolution of Homeownership Rates in Selected OECD Countries: Demographic and Public Policy Influences by Dan Andrews and Aida Caldera Sánchez—OECD Journal: Economic Studies

Best Places to Invest in Vacation Rentals in 2021 & 2022—AirDNA

Airbnbs Outnumber New York City Apartments in Hot Market by Michael Tobin—Bloomberg

AIRBNB Airbnb Enables “Split Stays” to Ease Inventory Woes by Mitra Sorrells—WIT

Amid Tucson housing shortage, Airbnbs fill up whole apartment buildings by Carol Ann Alaimo—Tucson.com

Vacation Rental Industry Statistics—iPropertyManagement.com

Average Airbnb Occupancy Rates By City [2022]—AllTheRooms

Investment Mentioned in the Episode

American Homes 4 Rent (AMH)

Invitation Homes (INVH)

Sun Communities Inc (SUI)

Arrived

Roofstock

Episode Sponsors

Masterworks – invest in contemporary paintings

Real Vision

Related Episodes

154: Do Homeowner Tax Breaks Cause Homelessness?

238: The U.S. Is More Socialist Than Denmark Regarding Home Mortgages

258: How Financialization Pushes Up Home Prices

357: Is a Housing Crash Coming?

370 Plus: Investing in Latin America Stocks, TIPS, and Single-Family Rental Homes

Transcript

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