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On The Market

235: A World Without Airbnb & Why "Sinking" Could Cause Your Insurance to Skyrocket

On The Market

BiggerPockets

News, Investing, Business, Education

4.8820 Ratings

🗓️ 18 July 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Airbnb bans escalate, a “tsunami” could be coming for this real estate niche, and “sinking” cities lead to skyrocketing insurance prices. The housing market changes every week, so we’re here to break down the headlines and sift through the hype so you know what could impact YOU. Dave Meyer and the entire On the Market panel are here to discuss four of the top real estate-related news stories from this week. First, we discuss the commercial real estate credit crunch that could cause a “tsunami” in the office investing space. Next, one major European city will ban Airbnb by 2028 in an effort to give locals a better chance at buying their first home. Will it work, or is it just a move to get more votes? With the dust of the NAR settlement settling, homebuyers could face thousands in fees to work with an agent, but will this stop homebuying? Before we go over our last headline, make sure you’re standing on solid ground because “sinking” cities are becoming the new norm. Is your home slowly sliding off a cliff? If so, your insurance costs could be rising even higher. We’ll get into this story and the rest of the relevant real estate news on this episode! In This Episode We Cover A world without Airbnb and whether the newest ban could actually help homebuyers Another “tsunami” coming for real estate and whether there’s truth behind the hype Private equity’s new plan to gobble up even more real estate as one niche suffers More fees for homebuyers as agent commissions change, but will this have to be paid out of pocket? “Sinking” cities causing rising insurance costs and sliding home values And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area See Dave, Henry, James, and Kathy at BPCON2024 in Cancun! Dave's BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile On The Market 201 - Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever The commercial real estate credit crunch: ‘There’s a tsunami coming’  What does a world without Airbnb look like?  First-Time Homebuyers Could Face Thousands in New Costs Following NAR Settlement  U.S. cities are sinking. Here’s what that means for homeowners Grab Dave’s Newest Book, “Start with Strategy” Jump to topic: (00:00) Intro (01:47) A “Tsunami” Coming? (12:47) The Airbnb Bans Begin  (21:22) New Fees for Homebuyers?  (28:20) Cities Are Sinking Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-235 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Imagine a world without Airbnb.

0:02.2

Would it really be the dream fix for the rental housing shortage?

0:05.8

What's happening with private equity firms?

0:08.0

Are they swallowing up all that bargain commercial real estate out there?

0:12.3

And how high are costs really going to get for first-time homebuyers following the NAR settlement?

0:22.6

Hey, everyone.

0:23.5

Welcome to On the Market.

0:25.0

This is your host, Dave Meyer.

0:26.7

And today we've pulled some really juicy headlines for you that we're going to discuss and help make sense of so you can all make informed investing decisions.

0:39.7

To help me in that effort, Henry,

0:45.8

how's it going, man? Thanks for being here. Hey, glad to be here as always. James, thank you for taking a break from your Hollywood glamorous lifestyle to join us today. It's very glamorous, but I'm

0:51.8

happy to be hanging out with my people.

1:02.0

If you all didn't know, James is filming an A&E TV show, so he's gone big time, but he still makes time for us.

1:02.6

Thank you.

1:04.8

And Kathy, thanks for being here with us.

1:05.7

Glad to be here.

1:06.3

All right.

1:13.1

So the four headlines I got for the three of you today are sort of spanning the whole world of real estate investing.

1:18.7

First up, we're going to talk about private equity firms and what they're doing in the commercial real estate space.

1:22.9

Then we're talking about a world without short-term rentals.

1:27.2

Next, we'll talk about first-time homebuyers in a post-NAR settlement world.

1:32.9

And lastly, we'll talk about American cities that are literally sinking into the ground and what that means for real estate investors.

...

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