The Rise & Fall of Airbnb, LinkedIn, 9-5 Jobs and The American Dream

[@tonysilke]

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

[@mikeroper353]

as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

[@PatrickLloyd-]

Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.

[@PhilipDunk]

Who is this person guiding you and how can i reach he/she?

[@PatrickLloyd-]

I have a female advisor named Sharon Ann Meny . I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.

[@PhilipDunk]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@spiritualanarchist8162]

When you are in your 40's and 50's you start noticing how many people die, get injured, go bankrupt , etc. It makes you realize that working your ass off during the best years of your life, so you have some money in your 70's (and being healthy enough to enjoy it ) is a gamble . .Ironically , those who have a nice pension are so addicted to working, they can't handle all the free time anymore.

[@sab_1055]

A pure crap shoot.

[@PhotoJeticPoet]

The healthiest person I know dropped D3@d at 31 from a surprise heart attack. Literally changed my life because I realized all thr minot health issues me and all my friends are having are just major ones waiting to act up.

[@stringlarson1247]

​@@PhotoJeticPoetas opposed to the more common planned heart attack?

[@Adri_drinks_wtr2]

@@PhotoJeticPoetminot

[@Jeffersonokay]

@@stringlarson1247😂🤣

[@mattm597]

I started using Uber because it was cheaper than a taxi. That is no longer the case. I started staying at Airbnbs because they were cheaper than staying at a hotel. That is no longer the case. Like so many Internet-based companies, Airbnb started out as a well-meaning, less-expensive alternative for the little guy to the behemoth corporate chains.....then people started getting greedy. ☹💲💲💲

[@nateolison7553]

It's probably not that the founders got greedy. It's probably that more people need a slice of the pie. Venture capitalists need their return on investment. Shareholders demand higher dividends, app development costs more, customer service has to scale, etc. And the consumer demand allows for the price hike. They basically have to move like a big business once they become a big business.

[@darrylloo4080]

That was all in the plan - offer something cheap so customers come to you and destroy other competitors, then jack up their prices. Business 101.

[@lovelypeaches4133]

🎉YEA

[@punchtalestudio]

Uber remains a good alternative in south east Asia or South America

[@TheCarnivoreSoprano]

​@@darrylloo4080this.

[@j887276]

We're all tired of the concept of wasting our entire adult life working just to struggle & eventually retire at an elderly age too old to do what we wanted our whole lives.

[@Mexican00b]

retire? the fact people still believe on retirement is amazing most people in the world will need to work till they drop and then still work cause being buried will cost more than a year of rent they used to pay

[@melgonz.6962]

Bro people back in the day worked until the day they died. They had to grow their own food, fix their own houses, etc. The thought that you get to just sit around after a certain age is why society is so sick. Its not normal to want to not contribute to society in anyway but still receive services. Its silly really.

[@ExploreVanIsle]

There’s a lot of wilderness out there where you can set up a remote log cabin and become a hunter.

[@parkerC1990s]

It would be a dream to live this life. Now there is no hope at retirement whatsoever

[@j887276]

@@Mexican00b Bro every responsible adult should have life insurance, I have a 550k plan. I've pre-paid my cremation cost of 7k with no funeral in my will so family won't have to deal with it. That leaves my wife with 543k cash. I'm 35yo so between the time I purchased my home 12 years ago & now I've paid it off. So wife will have that 543k could last her 30 years if she continues living frugal as we do now with a budget. Or she could work full time & invest the 543k.

[@TinaMyles]

One lesson I've learned from millionaires is to always put your money to work, no matter how small. Even investing €200 per month can compound to tremendous wealth over decades. The key is to keep going!

[@BaffySchenck]

My advice for who wants to grow financially this year, invest. Saving is good, but investing elevates your finances. Thanks to my financial advisor, my portfolio is thriving, and l'm proud of last year's decisions.

[@KentBrono]

People often don't realize how important financial advisors are. Data from the last 50 years shows that people who work with CFAs usually earn more than those who don't. I've worked with a Adviser for 7 years, and now I have a $2 million portfolio.

[@KentBrono]

I've stuck with ''Julianne Iwersen Niemann" for some years now, and her performance has been consistently impressive. She's quite known in her field, look her up.

[@tomdowning9358]

Nice try to advertise ''Julianne Iwersen Niemann", scammer. I hope people don't fall for this.

Start young as possible.

[@lunchbox6576]

There is no such thing as a reasonable amount of unpaid labor.

[@chineduogboh4594]

Right 😂😂😂

[@ADobbin1]

what happened to airbnb is that as usual big corporations saw something designed to help low income people make a little more on the side and ruined it.

[@nat3199]

Amen. I used to LOVE the variety offered by airbnb whether you wanted something simple and cheap or more luxurious... Either way, you could find a seriously nice stay for a bargan. Now, even the crappiest, dingiest stays are pricier than hotel rooms, because everyday hosts are now all competing with these monopolies. It's clear that the "policies" now are also geared in favor of monopolies aka it's increasingly difficult for hosts to be able to meet regulations and still make a profit. There's mistrust on both ends now, though and it really sucks. I miss when people could just be good guests and use the honor system. Both guests and hosts should just pass a basic background check and have the reviews take it from there.

[@Motherofchicken]

@@nat3199this really feels like someone needs to make an airbnb clone and just not sell it to the highest bidder, airbnb would be forced to become a competitor or go under, either works for the people.

[@lymphomasurvive]

​@@nat3199Hotels are a better deal.

[@fatchungus5255]

That was the point all along

[@roseoverdose6451]

Exactly. The bc hotel association literally lobbied government to ban it in British Columbia. This video leaves that out. Same thing happened in New York. Hotel corporations paid for studies, and propaganda to turn the public against it. Dirty stuff. I love traveling with airbnb and hate hotels.

[@UnitedCorporationsOfAmerica]

If AirBnB and LinkedIn were put out of business today, the world would be better for it.

[@asclepiushermestrismegistu7489]

Linkdin is so bad it has become a place of Victim Mentality and whiners with College education. One wonders if they ever deserved their Diploma. Infantiles of the 21st Century .

[@AJ-ew7kr]

What’s wrong with LinkedIn? It helped me get 2 jobs with great offers

[@brentbanks8021]

​@@AJ-ew7kr04:25 is the problem.

[@brentbanks8021]

04:59 as well.

[@UnitedCorporationsOfAmerica]

@AJ-ew7kr LI is the textbook example of Silicon Valley creating a solution to a problem that doesn't exist. Then, they jackhammer their way into the middle of the transaction. You could have landed those same 2 jobs just directly applying to the employer.

[@MasterTSayge]

As a 50 something year old person I can tell you that my 20s and 30s were epic! I made 6 digits in my 30s and blew ALL my money on vacations, fun, and fam & friends and the only regret I have now is that I WISH I SPENT WAY MORE MONEY ON FUN BACK THEN! Because 2010s and 2020s SUCK and it's only getting worst! F*** Retirement!!!

[@MbisonBalrog]

So you started out in the 90s. The GFC not happ till late 2000s. Lucky you, you Gen Xer.

[@Susan-id5xj]

At this point I'm just going to pay off my 50k house. I owe 20k now. At first I was going to move to a bigger city but now I'm 42 and can't find a decent job. I'll just pay it off and stay here.

[@alephniguroth7105]

Hiring a contractor to contract the contractors so they cant file for unemployment benefits... i hate subscontracting with all my soul.

[@lazywallstreetnews7234]

What drives me nuts about this entire conversation is that ‘The American Dream’ lifestyle basically lasted for like 3 decades from the late 1940’s to the early 1970’s, but we somehow think of it as this long-lasting thing. It was so short it’s like saying that a movie is good based off the trailer. I wish more people kept in mind that America has spent like 90% of its time before and after this era living a very different type of lifestyle and it’s like this idea was built around concepts that barely anyone ever actually lived through.

[@TedShatner10]

I personally think it carried on through the 70s, 80s, 90s, and early 00s but with slowly diminishing returns or reduced ease of accessibility (with things truly falling off a cliff during the 2010s and 2020s).

[@PhotoJeticPoet]

So people supposed to be cool with going back to suffering? Greed is the reason so many people are suffering. It is unnecessary and we've literally seen what life could be like when cooperations and governments aren't squeezing everything they can out of people. Why are you acting like people should be ok with this?

[@Mcree114]

People are conditioned to think "American Dream" 18 and out to give the Ford factory manager a firm handshake and be set for life plus cushy retirement is a natural part of human life when it's a small blip on the radar of human history.

[@BillLaBrie]

@@PhotoJeticPoetBecause life is suffering. Those who think they can change human nature to eliminate suffering with no consequences are naive.

[@TedShatner10]

@@Mcree114 I think it goes in cycles (and we're heading towards another French revolution).

[@MeMe-tw4xb]

Nowadays, aside from the additional cleaning fees, guests are required to do thorough cleaning before they leave.

[@ridinwithjake]

I’m an OG ex-Airbnb host. I JUST rented out a spare room. Never an entire house. Never allowed parties. I interacted with my guests. Gave them local tips. But other greedy landlords RUINED it for us the small guys, they triggered all this crazy overregulation by city governments that killed small Airbnbs like mine. Now the city is demanding so much from me as a small room-only host that I just quit.

[@D-Thang_]

Greed has destroyed Airbnb.

[@Thelastetherborn]

Good. Your business is ruining communities.

[@simonlevesque1729]

@@Thelastetherborn did you even bother reading OP’s comment? I remember fondly renting out one bedrooms from hosts when road tripping around the US and I can tell you without a shadow of a doubt your opinion on Airbnb is only justified in the context of what the company became and not what it was back then. I’ve had AMAZING hosts who were accommodating and nice and who did not charge hotel rates (I visited Boston in 2015 and stayed 3 nights at about 40$ a night for a clean room with amenities) and who made breakfast for us, gave us local touring tips, and with whom we just had a genuine human connection with. The current state of Airbnb has NOTHING to do with what they used to be known for; affordable, « couch surfing », temporary people-driven housing experience for people on the go. @ridinwithjake thanks for sharing your experience. It warms my heart to think back on how things were before greed corrupted a genuinely good idea.

[@nomikkh]

@@Thelastetherborn that's bait

[@ridinwithjake]

@@Thelastetherborn how is renting out a room destroying a community, elaborate

[@keiththorpe9571]

As George Carlin said: "It's called the 'American Dream' because you have to be asleep to believe in it."

[@sambistabeauty]

Or just from the baby boomer generation

[@TheCarnivoreSoprano]

Facts.

[@sambistabeauty]

@@TheCarnivoreSoprano the American dream is civil rights. The freedom to camp out and vandalize a campus. The freedoms outlined in the Billl of Rights. The freedoms to not get killed for a religion. The American dream is not a dream of utopia. Why do ppl think American politics is compared to the dream of utopia?

[@danstvguy]

Carlin said a lot of crap.

[@edwardhoffenheim3249]

Ngl I like the uncircumcised format for these kinds of videos

[@HowMoneyWorksUncut]

Yeah a few people had asked for the video on a similar topic to be put… hang on wait the WHAT!?!

[@greenkoopa]

​@@HowMoneyWorksUncutvideo foreskin 🤔

[@megancao5988]

@@HowMoneyWorksUncut☠️☠️☠️

[@trackeduser2577]

@@HowMoneyWorksUncut you have created your gentile channel.

[@folkishappalachian6827]

Us goys are partying hard today 🍻 never lose your smile

[@jennessacard4796]

When travelling I don’t want to feel at home, I want to be a spoiled guest

[@studiostyx7075]

THANK YOU!!! Why the hell would anyone spend their hard-earned money just to clean someone else's apartment, probably be spied on via hidden cams, and deal with creepy "hosts"? Thanks, I'll take a nice hotel where the only 'rules' are check-out by noon and no smoking indoors lol.

[@drivetildawnlogistics]

To each their own, but I like staying in condos or small houses that I could conceivably call home. I don't want to be spoiled, just left alone. And as long as the host doesn't have a bunch of annoying rules I'm more than happy to tidy up the space before I depart.

[@jennessacard4796]

@@drivetildawnlogistics I think it might have to do with your role at home, if you’re a home maker, serving others you. You want to be served.

[@ViceCoin]

Roomates are the biggest pain. Good motivation to live alone!

[@abhineshwarrier7023]

Exactly. Never used and never will use airbnb. Love the traditional hospitality from hotels . Having breakfast ready, ordering things to room, leave the bed undone to come to a well made bed.. nice!!!

[@welsthe3rd]

I'm staying in CO. The quaint apartments on Airbnb were more expensive than the Hotel Colorado, a Victorian era gem within walking distance of hot springs 😑

[@sparksmcgee6641]

I wouldn't call that hotel a Victorian gem. It was bad electrical conversions and bad commercial carpet and no king beds last time I stayed there. When I was little I thought it was a fancy hotel because I only saw the outside. After being around the world a bit I can say that hotel has history and location and that's it.

[@MbisonBalrog]

Problem with homes and apartments is they cannot stick a lot of people into a given area like a real hotel is designed to. The hotel can maximize the space. The residential home/condo cannot unless you own the whole condominium. At that stage, why not just turn it into a hotel?

[@MbisonBalrog]

@@sparksmcgee6641 Did they have electricity during the Victorian Era? Plus I sure people were smaller back then too and not need king size.

[@welsthe3rd]

@@sparksmcgee6641 your must not have been there in a while. They've remodeled most rooms and they absolutely offer kings

[@justinmyers6737]

46. Recently laid off. Well ahead of Fidelity recommended retirement track...until the next market crash....and after I live under an overpass for the next 25 years I should have a decent supplemental income to the Walmart greeter job I will now have to work till I die. P.s. - no hate to Walmart greeters.

[@MIAMIC70]

They got rid of those greeters a few years back so…

[@TiredKenyan]

@@MIAMIC70my local Walmarts have greeters

[@MIAMIC70]

@@TiredKenyan Fancy

[@janea8093]

I was thinking the same thing. I haven’t been greeted at Walmart since 2019

[@Susan-id5xj]

The Walmarts in Northeast Ohio still have greeters.

[@lornadune6024]

“Having a child is free” is something only a man can say bc you don’t suffer the bodily consequences of childbirth. Also, the costs of giving birth and maternal care pre and post childbirth certainty aren’t free. The devastation to a woman’s career and life certainly aren’t free. The cost of childcare and attendant expenses like food and shelter and school aren’t the only costs.

[@KestutisGustaitis]

This is how capitalism eats itself. Birthrates are low and they will be going even more down. Real problem in the future will be consumers shortage.

[@necro4258]

“devastation to a woman’s career and life” yeah ok back to r/childfree, where you can rail against the unfairness of *checks notes* having children-with other lunatics.

[@Aubatron]

30% of guys’s income into child support says otherwise

[@kyleinpa5285]

LornaDune, your childless life and office job are more boring and pointless than your cookies

[@123batina]

Lorna. You need to ad a suffix "in USA" to every "it's not free" statement you wrote. In EU you get a year of maternity leave to get better and your position waits for you. Birth and post are covered by universal Healthcare. Childcare ans schools are also subsidized and free including college. Now, I'm sure you'll call it socialism and I don't fckn care. I'm glad I had it when I was younger and kids were little. I'm glad to pay for other young families to have it now that we earn alot and kids are all grown.

[@CafeLu]

Ah, this is the first I have heard about how contracting employees is a loophole where investors won’t realize the first signs of potential downturns in a business. Very interesting

[@sparksmcgee6641]

😂😂😂😂😂😂😂

[@stereo-soulsoundsystem5070]

excellent video with multiple good topics with no sponsor breaks sir this 100% a banger. Classic youtube format.

[@Reddit1872]

“A young person’s YOLO attitude might not be so cavalier when they’re sitting behind a desk at 70.” LOL I love it.

[@SOG487]

Being 70 sucks even if you have money

[@kode-man23]

Millennials: We’ll see.

[@bradeyisbased]

I just heard of this channel and I’m so excited to watch the uncut videos on here. You should advertise all your channels on your most popular one so people know where we can find all the content you produce!

[@xani666]

"most of you can't sit thru 60 second tik tok" Bold claim to put 56 minutes into the video

[@maverickbull1909]

Linked in is gross and creepy. I’ve never gotten a job through that anyway

[@UncommonCommander]

Though I think editing constraints can be important for creating concise, engaging videos, I'm really enjoying these longer-form versions of your videos. I've always enjoyed a good video essay I can put on while cleaning the house or doing some other mindless task, so this is going to be a great channel to have around.

[@123batina]

9-5 works perfectly in EU. Because it's mandated by law. And ofc gig work is best for companies. But ppl are humans, not machines to power on and off at some managers will. Optimize work around ppl rather them ppl around work.

[@cawheeler27]

It is definitely hard to save for retirement. What I have found to be the best solution is to put a portion of any raises you get towards retirement and have it auto deducted. I work for a government agency, so I get a pension, which is super nice. But we also get a 457b, basically a public employee version of a 401k. I contribute a portion of each paycheck to my Roth 457b. I get 2 raises per year, a performance raise and a Cost of Living raise. I always put my entire Cost of Living raise towards my Roth contribution, so my monthly contribution goes up by about $100 per month every year. Doesn’t sound like a lot, but over 30 years my account should be substantial. Combined with my pension, which replaces 50% of my final salary, I should be fine when I retire.

[@Vibrantly_Monochromatic]

If you get a pension, you are better off than 60% of America's workforce.

[@chocolatethunder192]

Excellent! You're very smart with your money.

[@chocolatethunder192]

@@Vibrantly_Monochromatic True, but most government jobs pay significantly less than the private sector.

[@cawheeler27]

@@Vibrantly_Monochromatic agreed, I’m very fortunate that I have that to provide a substantial portion of my retirement income. It really relieves some pressure when I know that I’ll at least have a reasonable income, even without other investments.

[@cawheeler27]

@@chocolatethunder192 this is true, especially right out of college. I’ve been promoted up so I have a decent salary and a good opportunity for income growth, but you definitely start out pretty low.

[@drivetildawnlogistics]

I've really enjoyed using Airbnb, but I'd primarily recommend it for people willing to do research and accept a level of risk. You need to evaluate the photos - are they realistic or edited? Assess the host - is this a genuine property owner or a front for a larger management company? Read the rules - are they reasonable or draconian? If you're willing to do the legwork you can find some amazing, unique Airbnbs for an a fair price. But if you rather a quick, tried and tested experience then opt for a hotel.

[@miola2083]

And only 4.9 - 5 star properties or you'll have an issue.

[@adventuresociety588]

I love these extra long videos of yours! More of them pleaseeee🎉

[@SCFLEUR]

“An element of privacy” are you sure about that? Weren’t there different instances of hidden cameras?

[@MbisonBalrog]

Can happen even more in someone's private home.

[@W333L]

Make me feel bad for a bankrupt Airbnb landlord or property flipper challenge: DIFFICULTY LEVEL- IMPOSSIBLE

[@roseoverdose6451]

No one cares about you either bud. feel sorry for yourself.

[@cryptocovered4729]

They are NOT the problem Comrade... Supply shortage, excessive demand.

[@W333L]

@ that’s like telling me the real problem is the nazis when I get mad at the war profiteers. They’re both morally bankrupt, let me have my rage

[@hurobiont1054]

Changing jobs is no guarantee for increased wages, yes, it's possible but companies usually migrate to cheaper workers. Changing jobs should happen to broaden your skills and arrest boredom.

[@trackeduser2577]

when the normal pay offer for a new job is a small raise from what you were paid before it does suggest pay growth. YMMV.

[@frankhoffman9329]

This is the "Gone With The Wind" of How Money Works videos.

[@malcolmtheathlete8957]

Why do you have so many channels

[@HowMoneyWorksUncut]

That’s actually a great question and I am going to be making a video on it soon. TLDR: the algorithm doesn’t like it when you post different types of content on the same channel, so if you want to post different content (like compilation versions of your old videos or history focused content) it’s better to start a whole new channel.

[@malcolmtheathlete8957]

@@HowMoneyWorksUncut that makes since well I’ll subscribe to this one as well then

[@dominicrusso669]

Because he loves to work hard

[@kchikwete]

Make your money king

[@StarklyPositive]

@@HowMoneyWorksUncut Is this channel more for consolidated videos?

[@DrLauraRPalmer]

Air BnB is still one of the greatest business inventions next to Uber/Lyft… it’s been such a wonderful solution to growing wealth freedom and happiness. I hate the hate it gets.

[@michaelcole8196]

I choose hotels. If there is an issue with my room, 99% of the time, i get moved within 10 minutes. Problem solved. I dont want to share space. Why deal with a host when for the same money, i get my own private room, get maid service daily, and in a lot of cases - free breakfast.

[@saulw6270]

Funny how it’s called air bed and breakfast with no breakfast

[@MbisonBalrog]

exactly when in vacay who wants to do cooking, and cleaning, and buying groceries, and toiletries?

[@gloriabeckley7464]

Short term rentals drive up rents for residents. This is why Hawaiian hotel workers sleep on the beach.

[@moudjidiallo9860]

I love air BnB, as a family of 6 it's been a life saver.

[@CodingAbroad]

Airbnb is much more expensive than Booking. On average the service charge for Airbnb is 33% ON TOP of the rent you’re paying

[@futureoldmanhobby]

That’s the part that hurts

[@alexandriak2206]

People got greedy. It wasn't cheap anymore AND you gonna charge me a cleaning fee AND I need to clean? Lol. No. Hotels are now same or better value, and as a guest, you're not causing locals to not be able to afford rent in their areas. Many air bnbs are now just unregulated, overpriced hotels. Did they clean your towels? It's a surprise!

[@chocolatethunder192]

All facts!

[@livennlearn]

Thank god I’m good with my retirement. Ppl crap on education careers, specifically teachers. I began as a teacher for 5.5 years and now have been an educational administrator for 5.5 years. I’m doing great. 36 years old 200k in investments and make 200k a year. I’m investing like my life depends on it because I hope to retire at 50.This video is sobering

[@IcyWithItBTD]

Best video you’ve made - very informative & insightful stuff

[@WildWebComedy]

This is a great watch! Nice job. I'm 44. Thought most of this stuff 20 years ago. Ha Great mind and humor!

[@justinewhite2418]

How many channels are there? I thought it was just 2, this one and the main how money works channel

[@Goldenbear6]

I’ve been subscribed to How Money Works channel for years. I didn’t know he has an uncircumcised brother until today.

[@trackeduser2577]

Gentiles are everywhere.

[@LeoSturzenegger]

love the long form videos

[@Aquagirl-in6wr]

Went back to using hotels about 2 years ago when it dawned on me that Airbnb prices were basically on par with hotels. Apart from price, it was for security reasons after experiencing some unsafe Airbnb stays. Also noticed that many hosts didn't properly clean their homes, yet charged cleaning and other fees! Never using Airbnb again! They got greedy.

[@ViceCoin]

My biggest weakness, is being an external candidate, who must learn the company processes and culture.

[@Someone1337.]

I love all your content can't wait for this channel to soar too

[@HowMoneyWorksUncut]

Thanks for the kind words, this channel will mostly just be collections of my previous videos bundled together on topics that build off one another, so I don’t think we will break the internet here but if people would prefer to watch like this I am happy to make it for them 😀

[@miola2083]

I still love Airbnb, never had a bad experience in 14 years. I use it for longer term travel, but not for a short business trip. And when there was a minor issue, it was addressed quickly and I received a refund within a couple of days. As for LinkedIn, an appreciation post after being fired is absolutely crazy. Sorry, but anyone who does that is nuts. 🤪

[@lostworkervolunteer]

Thank you for the invite

[@glenfordburrell1076]

No wonder Eleven million men of working age have decided to opt out of the jobs market altogether!

[@chocolatethunder192]

Probably being supported by parents and living in the basement. The rest of us can't afford to opt out of the job market without living in a tent on the street.

[@igorkornienko7761]

>SOME places have it worse than us. you mean someone has it worse than a single country with world strongest economy. yeah....

[@michaelpacifique3017]

In Kenya where I live, Airbnb are just doing fine, first they are still wayyyy more cheaper than hotels with the same level of service, secondly there are no homeowner accociation here for flats where most Airbnb are. Third, it doesn't make sense for landlords to get in the business because of the risk (most landlords also own multiple appartments and managing them would be a hustle since they need a personal touch). And with that there haven't been enough people complaining therefore no serious regulation has been proposed. Actually, in my experience the people who complain the most about Airbnb here are the hosts.

[@ADobbin1]

In kenya I'm guessing they don't have massive real estate corporations buying up every scrap of property in the country for three times its value either.

[@MbisonBalrog]

I imagine any Hotel in Kenya has to be a pretty luxurious one to attract foreigners. And I imagine Kenya is not at the stage of attracting budget travelers. All their guests are probably industrialist and high finance investors who want to stay somewhere nice.

[@TiredKenyan]

⁠@@MbisonBalrogtypical western ignorance. There are Airbnbs that range from budget to luxurious stays. Keep imagining (not so smart)

[@MbisonBalrog]

@@TiredKenyan I did not say Airbnb I said no low end traditional lodging

[@TiredKenyan]

@@MbisonBalrog there’s low and high end hotels and low and high end Airbnbs. Or you could tell me more about what Kenya is offering

[@hologramhouse729]

We are so fucked

[@SurpriseMeJT]

We need to organize and revolt. However, this idea is so remote to people so accustomed to just bending over for free.

[@trackeduser2577]

when has this not been the case? as I'm sure this channel will have a video about somewhere, even inheriting fantastic wealth is no cure.

[@maki9396]

People inevitably opt out of having children. I'm glad you tied it all together and arrived there.

[@henghistbluetooth7882]

Take a drink whenever he says ‘according to the management consulting firm…’ :). By the way - love the format. I watched this whilst making dinner :)

[@HowMoneyWorksUncut]

Ha! Unfortunately they are one of the few groups well funded enough these days to do consistent studies like these.

[@baboomka]

Oh mo god! Are these my favourites fully edited 10-minutes videos but just extended to 7x times??

[@HowMoneyWorksUncut]

Yep that’s pretty much it, hopefully you enjoy watching them like this 😊

[@lawcat65]

Started retirement savings at 40 on a less than average income. Just retired at 68. I made it work only because I was very frugal and never tried to live a middle-class life. Never owned a house, always drove used hondas. I do question my choices - could have enjoyed life and traveled more when young because I’m not in a good condition to do it now.

[@07Flash11MRC]

Where did you live? Did you rent a home?

[@steveplus2]

Amazing, got an Airbnb advertisment right before the video

[@rachelwilliams8340]

I remember when HGTV had a show on how to get your house BRNB rental ready. Now in 2024 nothing. NYC tried to control short term rental market and instead of doing it on a controlled platform they now doing it under the table 😢

[@j03Biz]

This video explains how we did a speed run to answer this question in just a few thousand years: "What is the point of living?" The answer: "Work" The essentials like food and shelter are a luxury now.

[@SurlyShirley]

Airbnb is just another version of the original bed & breakfasts in Europe. People started renting out a bedroom in their home and offered breakfast. Over the years it became a regulated industry and has been quite successful. I would never rent through Airbnb. There is too much of a chance that I will be ripped off as there are too many scammers involved and way too many bad properties. It’s just too unregulated.

[@JiveCinema]

Air bnb will be fine. This is the era of clown corpos because people are selfish, and Airbnb simply stretched itself too far. All this is is a correction in the market. There will still be plenty of people wanting an Airbnb in some county that doesn't gaf about housing prices being gouged.

[@PopeDope69-420]

Agreed. There’s so many ways to analyze this situation

[@Bellababe777-in2jp]

Nahhh! Airbnb is a rip off! Host Properties are inflated so Airbnb can make money- like uber eats and the rest of them

[@lastrabbit6139]

I am so glad I am a blue-collar worker in a small economy where flipping off my bosses is considered funny by all involved parties.

[@lidattruong1105]

Actually have 4x salary saved in my 40s not counting my properties. Not sure how I managed it, but guess I'm in decent shape if AI doesn't wipe me out.

[@LathropLdST]

I am NOT in sales. Yet I manage to bounce back fast.

[@dizzysnakepilot]

An added cost of children is now needing to not only raise them but pass along enough money in a trust so they also don't get screwed.

[@skapunkoialternativeliving6522]

That company is not falling. They still around.

[@gullablebread5701]

I don't even have student loans finding a job and being alive is just horrible right now.

[@MounGritsch]

My mom bought one kislux and she loves it. It had been there for over 10 years when she went out with it.

[@marketads1]

Everything suffers from “Have It Your Way Itis.” Mass and massive customization is the death of authenticity.

[@Gwynarra2]

Why save for a future that may not exist by the time you get there?

[@chocolatethunder192]

Because for most people, there is a future. We see a lot of folks who didn't save and they're in bad shape. Companies are barely interested in hiring people over age 35 - over retirement age is less likely. Most people have to stop working earlier than planned due to age-related health problems. The government isn't going to be much help, either. If you save and there's no future, the worse that can happen is you have money to pass on to your loved ones or donate.

[@JohnWilliams-wm7dy]

Typical power house move. Big company can under charge and survive but small companies can’t. So when the small companies sell out and there is no competition then big companies up the price. Smh

[@TattletaleWilbourn-gd6cx]

"No service jobs have tasks consistently delivered on a fine-tuned production line. Work comes and goes as internal and external customers make demands". Realizing this expectation from work made me severily reconsider my career choices. This is completely unrealistic if you work for very specific tech companies that shall not me named. Haha...

[@brpetzn]

The only good with Airbnb is if you want to move to a city and see what living in the area is like before buying/renting.

[@Bahamutbard]

No way I got the EXACT Airbnb ad that the video was talking about JUST at 7:30

[@doeixo]

What you explain around 5:30, too many airbnbs making it difficult to find renters for every one of them and thus making long term rental more appealing for hosts is a beautiful example of the market regulating itself, thats not a shitstorm nor a collapse. The amount of demand is still there, the least attractive airbnbs will disappear and just the right amount stay

[@MbisonBalrog]

The places already zoned for bed and breakfast, and short term stays is already enough to fill the market. Those places always had avenues for advertising and bringing in guests. AirBnB is for people to make money illegally by breaking local ordinances.

[@doeixo]

@@MbisonBalrog yes? is it? in every city allover the world, no matter the nature of the planning, in every case the places zoned for bed and breakfast are allways enough, never too many, never too few, to satisfy the demand? even according to its everchanging nature? Let me doubt it and point at you as an ideologue

[@MbisonBalrog]

@@doeixo most places zoned for such likely do not have 160% occupancy rates so yes. It is enough. No need for illegal subletting at an even cheaper price. If you can’t find place to stay go somewhere else or wait for opening

[@doeixo]

@@MbisonBalrog wtf are you talking about? "Most places" in the world? Are zoned for 160% occupancy rate? And... Even cheaper? Wasn't the problem excessive prices? Seriously tf is your point

[@MbisonBalrog]

@@doeixo I wrote not have 160% occupancy. Of course you don’t get what I’m saying you can’t read. If still cost too much you too poor for that place. Vacay somewhere. That is how life works. Illegally subletting is not answer.

[@BureaucracyWorld]

Most people will abuse anything that aren't their own. Rental cars, houses. I wouldn't rent my house for the short time renter.

[@synthlordvr]

Airbnb’s downfall can be used to your advantage. 90% of hosts are willing to negotiate with you now. I’ve been doing 6 month stays for the past 2 1/2 years and paying far less than signing a lease, going through a background check, and paying hefty upfront deposits. Let alone having to furnish a new place and pay increasing utility bills.

[@electrofan1796]

On a smaller note, some people were taking of people were taking advantage of local state laws and were squatting using Airbnb

[@silverpenn3809]

My problem is the game itself. Why do we just accept it and play along? Such an inhumane and soul drenching way of making a living 😢💔

[@07Flash11MRC]

You don't have to. If you live in the US, check out the Revolutionary Communist Party.

[@eccentricbluestockin]

This whole video feels like it was made with AI

[@todo9633]

The self unaliving rates are going to skyrocket in a decade or two for 30/40 year olds.

[@gonzalomadero9848]

Excellent video, I have littke economic knowledge but I undestood the situation well

[@murky024]

I think if you want to meet Fidelity's goals you need to be following living principles like those outlined by the F.I.R.E (financial independence, retire early) "movement" and be lucky and hard-working...

[@Capnight1fr]

I wonder if you can make a video about Hypixel Skyblock's economy? It's a very diverse and interesting, and seeing how no one else has covered it, this content may reach a new audiance interested in these types of videos as well.

[@mapratt]

Hilarious to get an airbnb ad during this presentation

[@MbisonBalrog]

Why anyone want a home away from home while on vacay unless it is an extended stay or in other words similar to a normal one year lease? If the market is some time frame less than one year like a few months; well that market is rather small. Airbnb is mostly used for very short term stays though. Who wants to do their own cooking, cleaning if you take a short leisure vacay?

[@eddedream8586]

I agree! I've never used Airbnb for this exact reason. Also I am a woman & I don't want to be in a stranger's house that any looney can enter at any time. Hotels are much better for my vacays. I am safe & there is staff and security on site. It's a no brainer for me

[@KingVoodoo226]

Ayo you’re doing long form content too? This is a tech workers dream ❤ (unless you’re one of these companies based on this title)

[@Susan-id5xj]

I used Airbnb once. It was horrible. Poor service, old condo, no towels, no access to amenities of the condo. The cost was more than a hotel. I'd rather see stay at a hotel.

[@nomessnostress]

Us not sitting through a 20 second tik tok was shady but real! I love it lol

[@johnnywalker4857]

Cable, taxi, and hotel alternatives are all too expensive now. It was only a matter of time.

[@taoyoka]

Has the American Greed Index reached an ATH or does it just keep growing, even though birth rates going down? FYI the dream to work remotely from Bali is causing a lot of issues as well; prices there are edging closer to American prices; for example, a cup of decent coffee there costs about the same as a cup of black coffee from Starbucks Beverly Hills.

[@JR-gh8lp]

I got an Airbnb commercial ad during this video 😑

[@Royl65]

Very good! 👍

[@patricparkison1903]

Who the hell makes $60,000 a year?!? I make $23,000 a year and Im full time AND above minimum wage!

[@bluntblueb3ast]

Me and the wife combined about 145k but we’re still paycheck to paycheck our newest car is a 2006 😂

[@zedfourme5085]

Don't be jealous of others who bust their ass and take initiative. Good paying protected jobs didn't fall into our laps. You being a lazy bum ain't gonna make you a Yankee.

[@iko3]

​​@@zedfourme5085Woah there Nelly. How did you get that the original poster was jealous and lazy?

[@CafeLu]

I feel for ya!

[@07Flash11MRC]

@bluntblue : What do you two work as? Where do you live? Do you rent or do you own a home?

[@IndigoBellyDance]

‘Was Never set up w/Longevity in mind’ Wow! Shocker 😲😲 a bunch of tech bros only set up something w/$$ making in mind & No longevity… never seen that before

[@quinkyeyylaboy]

i’m definitely gonna be rich young & old thanks to the stock market