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The New Coffee Room

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  3. The bill comes due for overextended AirBnB owners

The bill comes due for overextended AirBnB owners

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  • MikM Away
    MikM Away
    Mik
    wrote on last edited by
    #1

    https://www.wsj.com/articles/a-bargain-with-the-devilbill-comes-due-for-overextended-airbnb-hosts-11588083336?mod=e2fb&fbclid=IwAR1cDVDOrfCwytzQpnwEoPOMjxSLRjwz8x_tmdueOsVlTIPoUcrFwtR_u5c&fbclid=IwAR3gRfzzbkTrQmVt7QAF5D8Xuzsd17nNN1ONOfKtzyXV5jqMHO1twwaho94&fbclid=IwAR3RkhNR-TEx6JyE030cXmcTlNT3C_mEz_rfSst2pA06nV3Tkw8GfwVwTYc

    “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

    1 Reply Last reply
    • LuFins DadL Offline
      LuFins DadL Offline
      LuFins Dad
      wrote on last edited by
      #2

      Man, I was strongly thinking about buying a vacation house last year. It was going to be a stretch, but I figured rental would cover part of the costs...

      So glad I didn't.

      The Brad

      1 Reply Last reply
      • L Offline
        L Offline
        Loki
        wrote on last edited by
        #3

        Black Swan events hit hard but by their nature you can’t anticipate. It hurts more to become cash poor with debt but stock market investors are getting nailed probably pretty much the same.

        Both have to say “it‘ll come back”. The non debt group can survive the nuclear winter longer.

        jon-nycJ 1 Reply Last reply
        • JollyJ Offline
          JollyJ Offline
          Jolly
          wrote on last edited by
          #4

          Debt-free.

          Only way to go.

          “Cry havoc and let slip the DOGE of war!”

          Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

          1 Reply Last reply
          • CopperC Offline
            CopperC Offline
            Copper
            wrote on last edited by
            #5

            There is a similar environment in flight training.

            Many trainer airplanes are leased to the flight school.

            The owner hopes that rentals will cover his loan payments.

            Many will be hurting after the last couple months.

            This will probably be true for a lot of equipment idled by covid.

            1 Reply Last reply
            • L Loki

              Black Swan events hit hard but by their nature you can’t anticipate. It hurts more to become cash poor with debt but stock market investors are getting nailed probably pretty much the same.

              Both have to say “it‘ll come back”. The non debt group can survive the nuclear winter longer.

              jon-nycJ Online
              jon-nycJ Online
              jon-nyc
              wrote on last edited by
              #6

              @Loki said in The bill comes due for overextended AirBnB owners:

              It hurts more to become cash poor with debt but stock market investors are getting nailed probably pretty much the same.

              Except only a tiny minority of individual stock market investors buy with leverage, almost all real estate investors do.

              Only non-witches get due process.

              • Cotton Mather, Salem Massachusetts, 1692
              LuFins DadL 1 Reply Last reply
              • jon-nycJ jon-nyc

                @Loki said in The bill comes due for overextended AirBnB owners:

                It hurts more to become cash poor with debt but stock market investors are getting nailed probably pretty much the same.

                Except only a tiny minority of individual stock market investors buy with leverage, almost all real estate investors do.

                LuFins DadL Offline
                LuFins DadL Offline
                LuFins Dad
                wrote on last edited by
                #7

                @jon-nyc said in The bill comes due for overextended AirBnB owners:

                @Loki said in The bill comes due for overextended AirBnB owners:

                It hurts more to become cash poor with debt but stock market investors are getting nailed probably pretty much the same.

                Except only a tiny minority of individual stock market investors buy with leverage, almost all real estate investors do.

                Commercial Real Estate investors are in even more peril since there will be a glut of available properties once this is over.

                The Brad

                1 Reply Last reply
                • jon-nycJ Online
                  jon-nycJ Online
                  jon-nyc
                  wrote on last edited by
                  #8

                  I know, my REITs are down 20%.

                  Only non-witches get due process.

                  • Cotton Mather, Salem Massachusetts, 1692
                  1 Reply Last reply
                  • MikM Away
                    MikM Away
                    Mik
                    wrote on last edited by
                    #9

                    If you are going to go into a highly leveraged business plan you had best have disruption insurance.

                    “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

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