Is It Finally a Good Time to Buy Your Retirement Dream Home?

If Airbnb owners decide to sell because of a drop-off in revenue, home buyers could find some good deals, though borrowing costs could still be prohibitive.

A lakeside home is lit up on night, its lights reflecting on the surface of the water.
(Image credit: Getty Images)

I don't know about you, but over the last few years, at just about every barbecue or dinner party I find myself at, the conversation inevitably turns to how high real estate prices have gotten. And just as quickly, the blame is laid at the feet of Airbnb — the short-term rental platform that gives people alternatives to traditional hotels and motels. People blame other people who snap up properties to use as Airbnbs, edging out ordinary home buyers, such as those itching to buy their retirement dream home, and contributing to the affordability crisis.

That may be about to change. In early July, a tweet by Reventure Consulting CEO and housing analyst Nick Gerli went viral when he suggested that Airbnb revenues had fallen off a cliff. “The collapse is real,” Gerli tweeted.

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Erin Wood, CFP®, CRPC®, FBSⓇ
Senior Vice President, Financial Planning, Carson Group

Erin Wood is the Senior Vice President of Financial Planning at Carson Group, where she develops strategies to help families achieve their financial goals. She holds Certified Financial Planner, Chartered Retirement Planning Counselor and Certified Financial Behavior Specialist designations.