How We're being LIED to: The AirBnB & Housing CRASH.

well once again you're being lied to in

this video I'm going to teach you how to

identify big bold-faced lies and they

appear totally the opposite of what you

would expect this is kind of wild but

don't sue me bro because I'm about to

expose nonsense now I want to be clear I

really don't care if the housing market

stays flat keeps going up or it crashes

either way is fine for me I personally

don't care if Airbnb goes bus I have no

stake in Airbnb I want to buy real

estate cheaper I would love to buy real

estate Jeep or as I'm sure you would as

well so I just want to clear the bias

here I don't really care what happens

but what I do care about is when people

and politicians draw conclusions based

on false data and that's not necessarily

their fault in other words it's not

necessarily your fault that you're being

manipulated but to be a more educated

investor an individual in life I

encourage you to watch for at least the

next few minutes to try to understand

how you're being lied to let's go ahead

and start with this post that just went

viral and when I first picked up on this

post it had like 5 000 likes now it's

got 43

000 likes it's over 8X okay so it's

kicking but it's fantastic so what is

the uh quote well the quote here is from

Amy Nixon there are 3 329 homes for sale

in Austin there are 12

127 airbnbs in Austin do you get it yet

and the implication here is oh my gosh

how are there only 3 000 homes for sale

but there are 12 000 people renting out

their homes on Airbnb Airbnb is a bubble

everybody's speculating trying to get

rich on Airbnb and pause for a moment

that has been true and correct people

are being stupid speculating on

unprofitable flips or unprofitable

airbnbs and I expect a lot of people are

underwater because they want it to

become a landlord because it was fun

after covid and now they're like oh God

income is down 50 percent honey what

shall we do well let's make it a

long-term rental oh but honey then we'll

be upside down well if you figure in the

principal pay down maybe it's not that

bad oh but honey we got an interest only

loan who knows right so there's

definitely a lot of speculating that

needs to be sort of bubble popped right

no doubt about that and I'm not here to

say that Airbnb is Jesus for your

neighborhood it is not the Holy Trinity

coming in making everything better I

don't want airbnbs around me it pissed

me off so I don't blame it it's sort of

like a NIMBY thing like all of us are

kind of like I mean I I like Airbnb but

I don't really want to live next to an

Airbnb okay like we get it we don't like

Airbnb we we got that but the

implication is there's a big Bubble

Burst coming and Airbnb is the cause of

homelessness and housing on

affordability and while it's true people

competing for homes does make homes more

unaffordable the easiest way to prevent

people from speculating on investing in

real estate is to build more homes

because if you build more homes you take

away a homeowner's hedge a homeowner's

hedge is that if you buy real estate

our politicians are too stupid to be

able to build more and therefore you

have a natural hedge in other words your

stuff keeps getting more expensive

especially in desirable to levarius some

people are like oh but it's not fair you

know some things are unaffordable well

then you have to move you know people

are like oh I can't live in Palo Alto

anymore it's unaffordable well then you

either have to make more money or you

have to move that's the way it works

that's the way capitalism Works doesn't

mean that's fair it's just the way it

works like I'm not trying to defend it

I'm just saying it's the way it works so

what's wrong with this post well it's

wrong first they suggest there are three

times as many homes uh on Airbnb as

there are in Austin well let's go

through their actual data so they say

the data source the active listings from

Zillow and then inside Airbnb for data

so you go to inside Airbnb and this is

it this is that crazy map that they show

where it makes it look super saturated

where all the homes uh are uh as airbnbs

keep in mind these circles might be like

10 homes in each little circle whereas

the this is each dot individual so out

of the gate it's already manipulated and

screwed skewed a graph right so I put

together my response I wrote The

Following here's the problem with posts

like this they suggest there are 3.6

times as many airbnbs available as homes

for sale in Austin therefore the

implication is Ban Airbnb right

the Airbnb data site shows 12 127 or 14

694 if you include the rooms for rent

it's about a 17 difference doesn't make

that much of a difference okay that part

doesn't matter so either way you look at

how many are available over the next 365

days you have to read the fine print to

be able to see this

then

what they encourage you to do is check

this box that brings you down to only

recent and frequently booked it's right

here now all of a sudden the available

listings drops to this is an adjustment

that they recommend to show what's

probably actually a real Airbnb okay so

all of a sudden you're already down to

5248. if you do what the poster did and

you only look at entire homes it

actually brings you down 4 700 which is

just going to exacerbate this point but

let's stick with 5248.

of the

3329 homes for sale we have to realize

this is 11 weeks of inventory so you

have to multiply that out annualize it

right 52 divided by 11 and then multiply

it out what do you get you actually end

up getting

fifteen thousand seven hundred thirty

seven homes for sale over the years

period again understand that if there

are three thousand three hundred twenty

nine homes for sale in an 11 week period

Then you have to multiply the number by

4.7 because every 11 weeks you've got

about that number of homes for sale it's

about fifteen thousand seven hundred

just so you can see the math I know

sometimes that helps me so I figure it

might help you as well okay wait a

minute so if there are fifteen thousand

seven hundred homes for sale in a year

period of time and 5200 are listed

airbnbs as having some availability and

likely to be airbnbs that actually means

there are three times as many as home as

many homes for sale as there are airbnbs

on the market I literally wrote that

pause that's the exact opposite of what

the poster implied remember what the

poster implied they implied oh my gosh

there are three to four times as many

airbnbs as there are homes for sale and

I wrote no if you look at the data it's

actually the exact opposite but you have

to read the fine print on this website

which of course most of us are not going

to do but that's the problem with

Twitter remember it would take you 20

seconds to read that Airbnb chart and

that Twitter post and then like it and

retweet it whereas this video is

probably going to get a fraction of the

attention and that's okay because my

goal is just to provide valuable

insights and perspectives to people who

care about it who want to get educated

and learn and grow their wealth and show

you that this is wrong and again I'm not

here to be some Chariot for Airbnb or

the housing market I don't care the

whole point of this is usually when

something is Sensational and viral

there's a whole lot more than meets the

eye and in my opinion don't sue me bro

but it is my opinion that the poster is

basically blatantly lying to you whether

intentionally or not they are

misrepresenting data to make you feel a

certain way if I came to you and I said

hey this year I expect there to be three

times as many home sales in Dallas Texas

or Austin Texas whatever was Austin it

was uh that she's uh yeah whatever she's

the Dallas Fort Worth Runner or whatever

is her tag but if I told you hey there

are three times as many homes for sale

than there are airbnbs in the Austin era

area area would you care no of course

not because it's not a big deal it's not

Sensational wouldn't get any likes or

retweets but again that's how I hate to

use the word misinformation spreads but

it's true that is true misinformation it

is information that is wrong