[mschuster91]

> It's kind of frightening to think of the broader economic impact it would have on the whole real estate market if Airbnb went belly up.

Oh I (living in Munich) hope for AirBnB going belly up. This will free a LOT of apartments back to normal rental markets. The rental markets won't be "hit" at all, the landlords will only lose the difference between "30 days of rent at AirBnB prices" and "30 days of rent at market value".

The winners will be those priced of their own home cities by hipsters and the neighbors of current AirBnBs who don't have to suffer from people running, essentially, illegal hotels in their houses - with people abusing apartments for sex orgies/porn sets, mass parties, or simply losing their keys and mashing on the doorbells.

[pjc50]

> the difference between "30 days of rent at AirBnB prices" and "30 days of rent at market value".

Unfortunately this is huge - it's why rents have shot up in many cities.

[subpixel]

NYC, same story.

But, as others in the thread have suggested, what will rush in when these leveraged AirBnB hosts lose properties will not be a bunch of normals with jobs and families, it will be a bunch of new investors who can buy cheap with cash.

[mschuster91]

But these investors have to rent out at market prices, thus reducing load on rental markets