Quote Originally Posted by value_investor View Post
https://www.wired.co.uk/article/airb...navirus-london

https://www.businessinsider.com.au/c...stralia-2020-3

A couple of interesting developments right now in foreign markets. Interesting on what happens after these get pumped onto the rental markets, or into the housing markets and increase supply on that side. Whatever the net effect is, it won't get good on home owners..
True about the AirBNB drying up. But the bigger impact in my opinion is the loss of jobs. Gov't bail outs for short term 3 - 6 months won't hold long if businesses don't come back. Property foreclosures and central banks can no longer lower interest rates. The next step would be banks will charge cash holders for keeping funds in their accounts. Remember... the deal with tourism is entirely dependent on peoples disposable income and savings. When that is all dried up... watch out.