Airbnb is dead.

Prove me wrong.

It's like that sign.

Yeah.

Prove me wrong.

Okay, let's talk about it.

Yes, I've seen all the viral pace more being Ryan Panetta TikTok. So I feel like this is an appropriate platform to say that you're wrong, but you're also kind of right. I'm going to, I'm going to throw you some bones here because I actually don't think that you're incorrect. I think that this is going to be a hard year for an Airbnb host.

Even harder than last year.

Yeah, yeah, for sure.

Okay.

So here's, think that you're incorrect. I think that this is going to be a hard year for an Airbnb host.

Even harder than last year. Yeah, yeah, for sure. Okay. So here's my analogy, and here's what I like

to tell people. So if you can think of like Airbnb as a dartboard, anywhere from 2017 to

2022, the bullseye, like the red part of that dartboard, covered up the majority of the

dartboard. Meaning when interest rates were 2.5 to 4%, you could throw a dart at that dartboard,

hit a bull's eye, and you felt like a king because it was impossible to fail on Airbnb.

If you got a 3% interest rate on a mortgage, how are you going to lose? That's when I was in Airbnb. It was great. Yeah. Same. And I bought a lot of my stuff when things were 2.75 to 3.5 to 3.5. It was the majority of my stuff. So I think what happened was a lot of hosts were like, yeah, dude, I'm a genius. Oh, 4%? No big deal. 5%. Okay Okay. Six percent, seven percent without really kind of instilling like the art of hosting and learning how to do hospitality correctly. And so that dart board, that bulls I got smaller, smaller, smaller. Now you're throwing darts at the board and you're missing. You know, you're kind of on the outskirts. And I think that's where most people are like, yeah, Airbnb, my bookings dried up. Things are slow. Things aren't working anymore. And it's like, yeah, well, the way that you were doing it's not working. Because I think we're now in a level of sophistication in the space where you got to kind of be top tier. Well, I think there's two elements to this problem, right? So it's going to, well, I think there's two elements to the problem, right? One is the actual hospitality side of it, the hosting, the decorating. And I know you guys are doing it now, too, for people, which is awesome. Interior design. Yep. And with that, it's like, okay, that's one element of it. But probably the even harder element, in my opinion, is just the actual investment itself. It's like, man, prices are higher, rates are higher. You know, that means your overall cost of owning the property are higher. And that kind of has eliminated what your profit would have been.

Yeah. So that's a big one.

We'll talk about that.

I think the other kind of big thing

that leads up to that is,

I'm just going to say it.

...