Short term rental market implosion?

[Steven Ko]

I read on Twitter that someone’s roommate is a super host on Airbnb and has 10+ mortgages/lease agreements. They are on an Airbnb forum and there are many of them in the same situation. I listen to str podcasts and this is a very common “no money down” strategy. They would be okay with paying market rates on Zillow because the cash flow was so good but now 0 cash flow. Some people pay above market rates for rent to sway landlords to allow them to Airbnb. Really interesting to see what will happen.

[Paul Sandhu]

What Luc means is that if someone needs a room mate to share the rent on their personal residence, they probably are not cash flowing enough to be independent.  

Sort of like me.  I share a place with my cleaning lady.  She used to clean for free, and I would get to sleep with her.  Now she takes a cut of the rent, but I still get to sleep with her.