Juggling Dynamite

A survey from rental site Vacasa showed that 90% of summer travelers this year changed their plans for travel to be more budget-friendly, including choosing driving over flying or choosing a cheaper day to travel.

At the same time, active US short-term rental listings reached 1.4 million in April 2023, an 18% jump compared to the same time last year, according to AirDNA. See, It’s a cruel, unpredictable summer for Airbnb and Vrbo hosts — but it also might be the new normal.

Housing analyst Nick Gerli examines the underlying data in this clip.

Airbnb owners are about to cause a massive housing crash in certain cities across America in 2023 and 2024. The central issue that will cause this Housing Crash is Airbnb Bust, the new trend where revenues for Airbnb owners have plummeted by as much as 50% in areas like Phoenix, Austin, and Tennessee.

Plummeting Airbnb revenues is a big problem because lots of investors bought up Airbnbs over the last several years and heavily increased the supply. There are now roughly 1 million Airbnbs / VRBO rental in America compared to only 570k homes for sale. Here is a direct video link.

Markets on Pact to Snap Winning Streak — DiMartino Booth joins Fox Business. Here is a direct video link.

The disinflationary weight of debt and aging demographics are still in motion. Eric explains the implications well in this segment.

This video discusses the alarming trend of declining interest rates and its impact on the economy. Real interest rates, which factor in inflation, have been steadily decreasing for decades, leading to significant consequences. Discover the main reasons behind this downward trend and why it is likely to continue. Here is a direct video link.

 

Eric Basmajian, economist and founder of EPB Research, discusses the major threats to the economy, how a recession is defined by the NBER, and the sectors and jobs most at risk from a pending economic contraction. Here is a direct video link.