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by CaptainZapp
2241 days ago
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> These highly-leveraged "new" companies and individuals make up only a portion of AirBnB-rented homes That's what AirBnb very much likes you to believe. In my opinion they lie a lot. > which themselves are only a small portion of the entire housing market. That really depends on the city. Barcelona, Amsterdam, Prague and other cities were literally killed by AirBnb and by extension by AirBnb slumlords. > Also, worth considering that short-term rentals can easily be transformed back into long-term rentals. That maybe true. Then again, if you max out your credit card to speculate on highly leveraged financial products the time window for clean-up may be very short and you may be forced to sell at a very bad price. I, for one, are really not sorry for this bunch of city killing assholes. For short term financial gains they make life miserable for everybody else. |
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