Well, love fellow, rebel capitalists, hope you're well. So new data that just came out reveals the housing market bubble will pop as a result of, Josh, you know the answer to this air b and b the air b and b that air b and b that's right for those of you that haven't followed the story

Airbnb is taking up a bigger and bigger and bigger portion of the overall real estate stock in the United States and the idea is because it's all consolidating into these kind of weak hands if you will they're definitely not diamond hands that once the

occupancy rates start to go down they normalize now all of a sudden they've got

negative equity and boom the price since the price is set at the margin for the housing market

That's what really brings down prices but let's go into this a little bit further Josh because most people

Might not realize that the overall housing market has already started to decline.

So there's a lot to unpack here.

But first and foremost, let's go right over to Zero Hedge and check out this article.

Really good article. I read most of this. And this is from Charles Hugh Smith via of two minds blog want to give him full credit there. So he's done a

ton of research on this Airbnb bubble or the air B&B speculative bubble that I thought about but I

obviously didn't do as much research as he did so and let's check out some of these charts really

fantastic so I need to somehow get this smaller there we go okay so hopefully I can

click on that I can but it's not that big.

Well, the bottom line is he goes back

to the Case Schiller Index and looks at the bubble of 2006

prior to the GFC.

So he calls it the rise from 1991 to 06.

It is represented by this blue line.

And it went from zero on the index using that as a starting point all the

way up to 109 now we're going to get into some inflation adjusted numbers in

just a moment but for the for the time being let's just focus on this chart in particular so then he

compares that rise to the 2012 to 2022 where it went from zero a starting point called in 2012 to where we are now up

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