How Scammy Airbnb Empires Became The New American Dream

The Financial Diet

TFD

Business

4.3 • 548 Ratings

🗓️ 15 May 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the season two premiere of Too Good To Be True, hosts Ryan Houlihan and Julia Lorenz Olson explore the Airbnb "hustles" that have been taking over social media, harming both the people who attempt them and the communities these rentals are taking over. Too Good To Be True is a miniseries exposing the scams, schemes, and financial cults trying to separate you from your money. New episodes drop every Monday on our YouTube channel as well as on your preferred streaming platform. The Financial Confessions will be back on Monday, July 10th! Catch up on season one of Too Good To Be True: https://www.youtube.com/watch?v=ZsgcAGtdkRY&list=PLD30V46E07RQlQZ5Nq6tUaHKlZbysKijH Follow Ryan on YouTube: https://youtube.com/@ryho. Follow Julia and Two Cents here: https://www.youtube.com/@TwoCentsPBS Sam Kemmis: https://twitter.com/samsambutdif Rich & Regular: https://richandregular.com/ https://www.youtube.com/channel/UC4HUQztCZd9c1q2rB7SmOAQ ***** THE SOCIETY AT TFD Join our membership program, The Society at TFD to get exclusive ad-free bonus content + access to tons of other perks like our members-only book, your personal money questions answered, discounts on TFD events, and more! Join on Patreon: https://www.patreon.com/FinancialDiet Join on YouTube: https://www.youtube.com/channel/UCSPYNpQ2fHv9HJ-q6MIMaPw/join MORE FROM TFD The Financial Diet site: http://www.thefinancialdiet.com Facebook: https://www.facebook.com/thefinancialdiet Twitter: https://twitter.com/TFDiet Instagram: https://www.instagram.com/thefinancialdiet/?hl=en

Transcript

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0:00.0	Welcome to Too Good to Be True, an investigative podcast about exposing the scams, schemes, and financial cults trying to separate you from your money.
0:21.1	I am Ryan Houlihan, a journalist, drag artist, and YouTuber in New York City.
0:26.3	And I'm Julia Lorenz Olson.
0:28.4	I am an accredited financial counselor, and I create two cents on PBS.
0:35.0	It is so good to be back.
0:36.4	It is so good to be back. It is so good to be back.
0:39.1	Are you ready to bust up some scams, some gurus?
0:42.1	Listen, I have my boxing gloves on.
0:46.3	One says like capitalists.
0:48.4	And then the other says patriarchy.
0:50.2	I'm like, yes.
0:51.4	Let's get in there.
0:52.6	So today we are talking about a big deal in the real estate world, the tech world, Airbnb.
1:00.8	Yeah.
1:01.9	So for those who don't know about Airbnb, and I don't know who you would be, but Airbnb is
1:07.4	essentially a website and an app that you can download where consumers can go on and rent regular normal houses or apartments as kind of like hotel rooms.
1:21.6	But that's not all it is.
1:23.8	It's an online short-term rental market where individuals and increasingly large management companies can offer part or all of their property inventory for rent.
1:36.0	The company was founded in 2008 by Brian Chesky.
1:38.5	After a while, Airbnb sort of like took on the place of hotels.
1:42.9	For sure.
1:43.7	Mostly this transfer of like ways of
	...

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