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Airbnb was born in 2007 as a part of the sharing economy, allowing people to temporarily rent out spaces without too much regulation and make some extra money. The most common property types that guests can book directly include vacation homes, condos, apartments, cabins, farmhouses, and cottages.
Otherwise known as Air Bed and Breakfast , this service lets hosts rent out accommodation around the world. Airbnb was launched in 2007 but has since skyrocketed in popularity. The two industrial designers began renting out their apartment to visitors to make up for high rental prices in San Francisco. What Is Airbnb?
You can refer to the graph below: Source: FRED ECONOMIC DATA Of course, real estate isnt completely immune to market decline, either; I still remember the devastation of both real estate and stocks during the financial crisis of 2007-2008. Now, lets say theres a $20 million apartment available.
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