Are you sure it's AirBNB, or the general economy dropping? RE values and rents as a knock on result have been dropping everywhere as demand ($$$ to pay for rent) has dropped globally as peoples jobs are lost and people move in with their parents or similar and drop leases fairly suddenly.
When you really research how much AirBNB is part of a housing market, it's minuscule. One or 3 condo buildings can usually cover whatever supply AirBNB put into alternative demand markets. AirBNB is a convenient scapegoat in most markets, because it diverts attention from building more supply and all the NIMBYs blocking it.
When you really research how much AirBNB is part of a housing market, it's minuscule. One or 3 condo buildings can usually cover whatever supply AirBNB put into alternative demand markets. AirBNB is a convenient scapegoat in most markets, because it diverts attention from building more supply and all the NIMBYs blocking it.