I was on a call the other day (work in real estate) and they said that in the USA there are 1.3M airbnbs in the USA, so maybe 10% of that in Canada? 100k or so?
They are worried that this "shadow inventory" is going to get unloaded as people have jacked up the rates on Airbnb's to ridiculous rates to cover their mortgages and if people stop using Airbnb's and move back towards hotels (sick and tired of doing 100 chores before you go and still getting a $600 cleanings fee?) you could see a lot of pressure on all these Airbnb slum lords to unload their inventory. It's an interesting concept and something to watch over the next couple years. Is Airbnb the new hotel, or was it a fad?
I myself, who have stayed in only Airbnb's for the last couple years have gotten extremely frustrated at the costs, quality and "chore lists", I am often curious if my sentiment is more widespread?
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